The Global Castor Oil Market Report is highly intended to offer robust acumen considering Castor Oil Market industry to aid a market contender with insightful analysis for Castor Oil Market size, share, competitive scenario, segments, sub-segments, and dominant industry competitors. The report focuses on the historic and current situation of the market to provide valuable forecast analysis based on sales revenue, global demand, and growth rate of the market.
The global Castor Oil market is valued at 1251.9 million US$ in 2020 is expected to reach 1522.2 million US$ by the end of 2026, growing at a CAGR of 2.8% during 2021-2026.
Market Key Players
NK Proteins, Jayant Agro Organics, Ambuja, Adani Group, RPK Agrotech, Gokul Overseas, Kanak, Adya Oil, Taj Agro Products, Girnar Industries, Bom Brazil, Kisan, Thai Castor Oil, ITOH Oil Chemicals, Tongliao TongHua, Tongliao Weiyu, Tianxing, Kanghui, Huanghe Youzhi, Xingtai Lantian, Hewei.
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Castor oil is is a pale yellow vegetable oil that is extracted from castor seeds. Castor oil is mainly used in preservative, medicine, lubrication etc.
Currently, India is the largest producer of castor seeds and accounts for over 80% of the global production, followed by China and Brazil.
Asia Pacific is the largest consumer of castor oil and is expected to retain the higher growth rate during the next few years due to strong growth in pharmaceuticals and cosmetics industry. China and India have witnessed a major chunk of the production and consumption of castor oil in the Asia Pacific region.
Segmentation
Segment by Type, the Castor Oil market is segmented into
Food Grade
Pharmaceutical/cosmetic Grade
Industry Grade
Segment by Application
Food Industry
Pharmaceuticals and Cosmetics Industry
Industrial
By Geography
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Important Features that are under offering and key highlights of the report:
Detailed overview of Castor Oil market
Changing market dynamics of the industry
In-depth market segmentation by Type, Application etc.
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Castor Oil market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards Castor Oil market performance
Must-have information for market players to sustain and enhance their market footprint
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