Press release
United States Castor Oil Seed Market to Grow at 5.8% CAGR, Driven by Industrial Oil Production & Sustainable Agriculture
castor oil seed market
As per DataM intelligence research report" The global castor oil seed market reached USD million in 2022 and is projected to witness lucrative growth by reaching up to USD million by 2030. The market is growing at a CAGR of 5.8% during the forecast period (2024-2031)." Expanding demand for bio-based chemicals and industrial oils is strengthening castor seed cultivation and processing.
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United States: Recent Industry Developments
✅ In November 2025, Ambuja Solvex USA optimized castor seed pressing and degumming lines to improve oil yield and reduce free fatty acids for industrial feedstocks. The process upgrades improve feedstock quality for downstream chemistries. This strengthens Ambuja's castor supply reliability.
✅ In October 2025, NKC Agro invested US$9 million to modernize seed cleaning and cold-pressed extraction capacity to serve cosmetics and lubricant markets with higher-purity castor oil. The investment increases output and quality control. This reinforces NKC's role in specialty oil supply.
✅ In September 2025, Cargill Specialty Oils introduced refined castor oil fractions tailored for polymer and plasticizer formulations, expanding application performance. The fractions enable higher-value industrial uses. This elevates Cargill's downstream castor capabilities.
✅ In August 2025, ADM piloted supply chain contracts with tropical suppliers to ensure consistent castor seed sourcing and traceability while improving storage and seed viability practices. The initiative secures feedstock pipelines. This bolsters ADM's raw material sourcing strategy.
Japan: Recent Industry Developments
✅ In November 2025, Kao Corporation launched cosmetic-grade castor oil blends derived from improved seed refining methods to meet strict purity requirements. The products support premium personal care formulations. This reinforces Kao's specialty oils portfolio.
✅ In October 2025, Mitsubishi Chemical invested 1.4 billion to secure processing capacity for castor oil derivatives used in specialty polymers and lubricant additives. The investment enhances supply for domestic manufacturers. This strengthens Mitsubishi Chemical's feedstock integration.
✅ In September 2025, Nippon Yushi Kaisha (NYK Oil) partnered with importers to streamline castor seed logistics and improve cold-chain handling for better oil quality upon arrival. The partnership improves consistency for manufacturers. This elevates NYK Oil's role in import assurance.
✅ In August 2025, Showa Shell Sekiyu introduced small-batch refined castor oil grades for research and specialty chemical customers, enabling tailored polymer and cosmetic R&D. The offering supports innovation in niche applications. This boosts Showa Shell's specialty oil services.
Castor Oil Seed Market: Drivers
The castor oil seed market is witnessing strong growth as industries increasingly use castor-derived oils for applications in pharmaceuticals, cosmetics, lubricants, and specialty chemicals. Castor seeds contain high amounts of ricinoleic acid, making them valuable for producing high-performance bio-based chemicals and industrial products. Rising demand for natural and renewable raw materials is driving adoption across emerging and established markets. Technological advancements in seed processing, cold pressing, and solvent extraction are improving yield quality, efficiency, and purity. Additionally, expanding cosmetic, personal care, and industrial chemical sectors are further supporting market growth.
Collaboration among farmers, processors, and industrial end users is enhancing castor seed supply chain efficiency and sustainability. Investments in high-yield seed varieties, mechanized harvesting, and traceability programs are strengthening production consistency and reducing labor challenges. Rising interest in bio-based polymers, lubricants, and coatings is opening new application pathways. Export markets continue to expand as global industries shift toward eco-friendly chemical inputs. With rising industrial demand, agricultural innovation, and growing sustainability initiatives, the castor oil seed market is positioned for robust long-term expansion.
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Castor Oil Seed Market: Major Players
Jayant Agro-Organics Limited, Adani Wilmar Limited, Thai Castor Oil Industries Co. Ltd., Kanak Castor Products Pvt. Ltd., ITOH Oil Chemicals Co. Ltd., NK Proteins, Gokul Overseas, Hokoku Corporation, Bom Brazil and Liaoyang Huaxing Chemical Co., Ltd.
Segment Covered in the Castor Oil Seed Market:
By End-User
Industrial applications dominate with 55% share, driven by demand for castor oil in lubricants, coatings, plastics, and bio-based products. Pharmaceuticals and personal care account for 25%, fueled by its use in cosmetics, skincare, and medicinal formulations. Others hold 20%, including biodiesel, chemicals, and specialty industries leveraging castor derivatives.
Regional Analysis
North America - 28% Share
North America leads due to strong industrial demand for lubricants, coatings, and bio-based polymers in the U.S. and Canada. Increasing adoption in pharmaceuticals and personal care products supports steady market growth.
Europe - 25% Share
Europe's growth is driven by Germany, France, and Italy, where castor oil is widely used in automotive, chemical, and personal care applications. Sustainability trends favor bio-based raw materials.
Asia Pacific - 32% Share
Asia Pacific dominates in production and consumption, led by India, China, and Southeast Asia. India is the largest producer, driving exports, while rising industrial and cosmetic applications fuel regional demand.
Latin America - 8% Share
Latin America, particularly Brazil and Argentina, shows steady growth due to increasing industrial use and adoption in bio-based products. Retail and industrial sectors contribute to demand.
Middle East & Africa - 7% Share
The region grows gradually, with demand from industrial, cosmetic, and pharmaceutical sectors. Investments in manufacturing and growing awareness of bio-based materials support market expansion.
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