Global Castor Oil and Derivatives Market Insights and Forecast to 2028

SKU ID : QYR- 19862171

Publishing Date : 04-Jan-2022

No. of pages : 118

PRICE
4900
9800


  • Castor oil is a vegetable oil extracted from castor seeds. It is liquid at room temperature.Castor oil derivatives as long as include hydrogenated castor oil, oxidized castor oil, dehydrated castor oil, 12-hydroxystearic acid and so on.The global output of castor oil and its derivatives in 2018 was 730 kilotons, up 3% from 707 kilotons in 2017, and the market size grew at an average annual rate of 5% between 2018 and 2025.In 2018, India was the largest producer of castor oil and its derivatives, with output of 664 kilotons, accounting for 91% of the global market.China is the largest sales region, with sales volume of 222 thousand tons, accounting for 30% of the global market.The global market for castor oil and its derivatives is relatively concentrated, with the production share of 17 major enterprises reaching 76% and the market size accounting for 75% by 2018.The top five players in the market for castor Oil and its derivatives are Jayant Agro, NK Proteins, Adani Wilmar, RPK Agrotech and ITOH Oil Chemicals.Jayant Agro is firmly in the top spot, accounting for 26% of the market in 2018.The main product types in the global market of electric vehicle drive motors are castor oil, hydrogenated castor oil, dehydrated castor oil, 12-hydroxystearic acid and others.Globally, electric vehicle drive motors are mainly used in food, pharmaceuticals, cosmetics, industrial applications and other applications, with the largest proportion in industrial applications in 2018, accounting for 31%.
    Market Analysis and Insights: Global Castor Oil and Derivatives Market
    Due to the COVID-19 pandemic, the global Castor Oil and Derivatives market size is estimated to be worth US$ 1545.9 million in 2022 and is forecast to a readjusted size of US$ 2059.9 million by 2028 with a CAGR of 4.9% during the review period. Fully considering the economic change by this health crisis, Castor Oil accounting for % of the Castor Oil and Derivatives global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Food segment is altered to an % CAGR throughout this forecast period.
    Global Castor Oil and Derivatives key players include Jayant Agro, NK Proteins, Adani Wilmar, etc. Global top three manufacturers hold a share over 50%.
    India is the largest market, with a share over 90%, followed by China, and North America, both have a share over 5 percent.
    In terms of product, Hydrogenated Castor Oil is the largest segment, with a share about 30%. And in terms of application, the largest application is Food, followed by Drug, Cosmetics, Industrial, etc.
    Global Castor Oil and Derivatives Scope and Segment
    Castor Oil and Derivatives market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Castor Oil and Derivatives market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
    Segment by Type
    Castor Oil
    Hydrogenated Castor Oil
    Oxidized Castor Oil
    Dehydrated Castor Oil
    12-hydroxystearic Acid
    Others
    Segment by Application
    Food
    Drug
    Cosmetics
    Industrial
    Others
    By Company
    Jayant Agro
    NK Proteins
    Adani Wilmar
    RPK Agrotech
    ITOH Oil Chemicals
    Thai Castor Oil
    Hokoku Corporation
    Gokul Overseas
    SHANGHAI RIHAO CHEMICAL CO.,LTD.
    Dongying Kanghui Industry and Trade Co. Ltd
    Kisan Agro
    Weiyubiological
    TIAN XING BIOTECHNOLOGY
    Ambuja Solvex
    Adya Oil
    Wen Shu Jxlan Yellow River oll CO, LTD
    Girnar Industries
    By Region
    North America
    U.S.
    Canada
    Europe
    Germany
    France
    U.K.
    Italy
    Russia
    Asia-Pacific
    China
    Japan
    South Korea
    India
    Australia
    China Taiwan
    Indonesia
    Thailand
    Malaysia
    Latin America
    Mexico
    Brazil
    Argentina
    Middle East & Africa
    Turkey
    Saudi Arabia
    UAE

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
    market Reports market Reports