Press release
Castor Oil Market Size, Share, Development by 2023
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.
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Global Castor Oil Market: Forecast by Type / Application / Region
The castor oil market in Europe is growing on the back of rising demand of bio based cosmetic production, whereas the demand for castor oil in North America is driven by the strong consumption of biodiesel.
Over the next five years, LPI(LP Information) projects that Castor Oil will register a 4.1% CAGR in terms of revenue, reach US$ 1500 million by 2023, from US$ 1180 million in 2017.
Global Castor Oil 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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Related Information:
United States Castor Oil Market Research Report 2018
Europe Castor Oil Market Research Report 2018
North America Castor Oil Market Research Report 2018
Asia-Pacific Castor Oil Market Research Report 2018
China Castor Oil Market Research Report 2018
EMEA Castor Oil Market Research Report 2018
Global Castor Oil Market Research Report 2018
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