India Castor Oil Market Report, Future Growth, Segments, Business Strategies and Forecast 2022-2027 | IMARC Group

IMARC Group has recently released a new research study titled "India Castor Oil Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Year considered to estimate the market size:

• Base year of the analysis: 2021
• Historical period: 2016-2021
• Forecast period: 2022-2027

The India castor oil market size reached 100.7 Kilo Tons in 2021. Looking forward, IMARC Group expects the market to reach 106.6 Kilo Tons by 2027. 

Market Outlook: 

Castor oil is a vegetable oil that is obtained by the cold expression of the seeds of the Ricinus communis, belonging to the family Euphorbiaceae. This therapeutic oil has several medicinal, industrial, and pharmaceutical uses. It has gained widespread prominence across the globe for treating common conditions, including constipation and skin ailments. As a result, it is widely utilized in the formulation of multiple personal care, skincare, pharmaceutical and cosmetic products.

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Market Trends and Drivers:

The market in India is primarily driven by the rising popularity of natural and organic skincare products among the masses. Since castor oil is characterized by anti-bacterial properties, it is extensively used in the manufacturing of multiple skincare products. Furthermore, on account of its distinctive chemical structure, castor oil is widely used across several sectors as an industrial lubricant and biodiesel fuel. Some of the other factors contributing to the market include the growing product utilization as a food additive in the food industry and easy product availability through online and offline retail channels across the country.

Competitive Landscape with Key Players:

The competitive landscape of the India castor oil market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Highlights of the Market Segmentation:

The report has segmented the India castor oil market on the basis of end use and region.

Breakup by End Use:

• Pharmaceuticals
• Lubricants
• Paints
• Soaps
• Others

Regional Analysis:

• North India
• West and Central India
• South India
• East India

Read TOC: https://www.imarcgroup.com/india-castor-oil-market/toc

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.