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Castor Oil and Derivatives Market, Global Outlook and Forecast 2023-2029

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%. This report aims to provide a comprehensive presentation of the global market for Castor Oil and Derivatives, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Castor Oil and Derivatives. This report contains market size and forecasts of Castor Oil and Derivatives in global, including the following market information: Global Castor Oil and Derivatives Market Revenue, 2018-2023, 2024-2029, ($ millions) Global Castor Oil and Derivatives Market Sales, 2018-2023, 2024-2029, (Kilo MT) Global top five Castor Oil and Derivatives companies in 2022 (%) The global Castor Oil and Derivatives market was valued at US$ 1510.4 million in 2022 and is projected to reach US$ 2081.6 million by 2029, at a CAGR of 4.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. 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. MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Castor Oil and Derivatives manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks. Total Market by Segment: Global Castor Oil and Derivatives Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Kilo MT) Global Castor Oil and Derivatives Market Segment Percentages, by Type, 2022 (%) Castor Oil Hydrogenated Castor Oil Oxidized Castor Oil Dehydrated Castor Oil 12-hydroxystearic Acid Others Global Castor Oil and Derivatives Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Kilo MT) Global Castor Oil and Derivatives Market Segment Percentages, by Application, 2022 (%) Food Drug Cosmetics Industrial Others Global Castor Oil and Derivatives Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Kilo MT) Global Castor Oil and Derivatives Market Segment Percentages, By Region and Country, 2022 (%) North America US Canada Mexico Europe Germany France U.K. Italy Russia Nordic Countries Benelux Rest of Europe Asia China Japan South Korea Southeast Asia India Rest of Asia South America Brazil Argentina Rest of South America Middle East & Africa Turkey Israel Saudi Arabia UAE Rest of Middle East & Africa Competitor Analysis The report also provides analysis of leading market participants including: Key companies Castor Oil and Derivatives revenues in global market, 2018-2023 (Estimated), ($ millions) Key companies Castor Oil and Derivatives revenues share in global market, 2022 (%) Key companies Castor Oil and Derivatives sales in global market, 2018-2023 (Estimated), (Kilo MT) Key companies Castor Oil and Derivatives sales share in global market, 2022 (%) Further, the report presents profiles of competitors in the market, key players include: 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 Outline of Major Chapters: Chapter 1: Introduces the definition of Castor Oil and Derivatives, market overview. Chapter 2: Global Castor Oil and Derivatives market size in revenue and volume. Chapter 3: Detailed analysis of Castor Oil and Derivatives manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets. Chapter 6: Sales of Castor Oil and Derivatives in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world. Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. Chapter 8: Global Castor Oil and Derivatives capacity by region & country. Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry. Chapter 11: The main points and conclusions of the report.
1 Introduction to Research & Analysis Reports 1.1 Castor Oil and Derivatives Market Definition 1.2 Market Segments 1.2.1 Market by Type 1.2.2 Market by Application 1.3 Global Castor Oil and Derivatives Market Overview 1.4 Features & Benefits of This Report 1.5 Methodology & Sources of Information 1.5.1 Research Methodology 1.5.2 Research Process
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About this Report
Report ID 930263
Category
  • Food and Beverages
Published on 24-Jan
Number of Pages 114
Publisher Name Market Monitor Global
Editor Rating
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