Global Castor Oil and Derivatives Market Insights and Forecast to 2028

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

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