Castor Oil Market Research Report 2029

Castor Oil Market Size

The global Castor Oil Market revenue was US$ 1325.9 million in 2022 and is forecast to a readjusted size of US$ 1612.4 million by 2029 with a CAGR of 2.8% during the forecast period (2023-2029).

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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.

In India, the Castor Oil revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).

The major players in global Castor Oil market include NK Proteins, Gokul Overseas, Jayant Agro Organics, Adani Group, etc. The top 4 players occupy about 30% shares of the global market. India and China are main markets, they occupy over 80% of the global market. Pharmaceutical/Cosmetic Grade is the main type, with a share about 70%.

This report focuses on global and India Castor Oil market, also covers the segmentation data of other regions in regional level and county level.

India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
India is a market full of opportunities, and the demand for Castor Oil will continue to grow rapidly in the future.
Global Castor Oil Scope and Market Size

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Castor Oil market is segmented in regional and country, by players, by type and by application. Companies, stakeholders, and other participants in the global Castor Oil market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by type and by application for the period 2018-2029.

For India market, this report focuses on the Castor Oil market size by players, by Type and by Application, for the period 2018-2029. The key players include the global and local players, which play important roles in India.

By Type
Food Grade
Pharmaceutical/Cosmetic Grade
Industry Grade

By Application
Food Industry
Pharmaceuticals and Cosmetics Industry
Industrial

Key Companies
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

FAQ for this report

1. What is the and India Castor Oil Market size in 2029?
Ans: The and India Castor Oil Market size in 2029 will be US$ 1612.4 million.

2. What is the and India Castor Oil Market production share by region?
Ans: Currently, India is the largest producer of castor seeds and accounts for over 80% of the global production, followed by China and Brazil.

3. What is the market share of major companies in and India Castor Oil Market?
Ans: The top 4 players occupy about 30% shares of the global market.

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This release was published on openPR.