Global Castor Oil Market (by Type, Application & Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

Global Castor Oil Market (by Type, Application & Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

The global castor oil market is forecasted to reach US$1.54 billion in 2026, experiencing growth at a CAGR of 4.33%, during the period spanning from 2022 to 2026. Factors such as growing population, mounting utilization in biodiesel feedstock, rising inclination towards organic and plant-based cosmetic products, accelerating use in pharmaceuticals industry, escalating application of castor oil in various end-use industries and rising awareness about numerous advantages of castor oil as well as its derivatives are likely to drive the market growth. However, the market growth would be challenged by geographically limited production of castor seeds, labor intensive harvesting process of castor crop and unstable prices of castor oil. The market is anticipated to experience certain trends like increasing consumption of bioplastics, rapid adoption of castor oil in food industry and surging demand for lubricants.

The global castor oil market can be segmented on the basis of type and application. On the basis of type, the market can be segmented into hydrogenated castor oil, cold pressed castor oil, Jamaican black castor oil, dehydrated castor oil and others. Whereas, the global castor oil market is categorized into cosmetics & pharmaceuticals, lubricants, surface coatings, biodiesel, plastics & resins and others, based on the applications.

India is the largest exporter of castor oil, exporting mainly to the following countries: China, Netherlands, the U.S., France, Japan and other countries. China, on the other hand, is the largest importer of castor oil, globally, as castor oil is an essential bio-based raw material which makes it ideal for various industrial applications.

Scope of the report:

  • The report provides a comprehensive analysis of the global castor oil market segmented on the basis of type, application, exports, imports and region with potential impact of COVID-19.
  • The major countries such as India, the U.S., China and Brazil have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Adani Wilmar Limited, Gokul Agro Resources Limited, Jayant Agro-Organics Limited, N K Industries Limited, Liaoyang Huaxing Chemical Co., Ltd., and R.P.K. Agrotech Exports Pvt. Ltd.) are also presented in detail.
Key Target Audience:
  • Castor Oil Manufacturers
  • Traders, Distributors and Suppliers of Castor Oil
  • End Users
  • Organizations, Forums and Associations related to Castor Oil
  • Government Bodies & Regulating Authorities


1. Market Overview
1.1 Introduction
1.2 Physical Properties of Castor Oil
Table 1: Physical Properties of Castor Oil
1.3 Production Process of Castor Oil
Table 2: Castor Seeds Oil Extracting Process
1.4 End Use Industries of Castor Oil
Table 3: End Use Industries of Castor Oil
1.5 Health Benefits of Castor Oil
Table 4: Health Benefits of Castor Oil
1.6 Applications of Castor Oil and its Derivatives
Table 5: Applications of Castor Oil and its Derivatives
1.7 Potential Risks of Castor Oil
Table 6: Potential Risks of Castor Oil
2. Impact of COVID-19
2.1 Decline in Production
Table 7: Global Castor Production (2019-2020)
2.2 Fall in International Trade
Table 8: Imports and Exports of All Commodities in India (2019-2020)
2.3 Impact on Indian Castor Oil Market
3. Global Market Analysis
3.1 Global Castor Oil Market by Value
Table 9: Global Castor Oil Market by Value (2017-2021)
3.2 Global Castor Oil Market Forecast by Value
Table 10: Global Castor Oil Market Forecast by Value (2022-2026)
3.3 Global Castor Oil Market by Type
Table 11: Global Castor Oil Market by Type (2021)
3.3.1 Global Hydrogenated Castor Oil Market by Value
Table 12: Global Hydrogenated Castor Oil Market by Value (2017-2021)
3.3.2 Global Hydrogenated Castor Oil Market Forecast by Value
Table 13: Global Hydrogenated Castor Oil Market Forecast by Value (2022-2026)
3.3.3 Global Cold Pressed Castor Oil Market by Value
Table 14: Global Cold Pressed Castor Oil Market by Value (2017-2021)
3.3.4 Global Cold Pressed Castor Oil Market Forecast by Value
Table 15: Global Cold Pressed Castor Oil Market Forecast by Value (2022-2026)
3.3.5 Global Jamaican Black Castor Oil Market by Value
Table 16: Global Jamaican Black Castor Oil Market by Value (2017-2021)
3.3.6 Global Jamaican Black Castor Oil Market Forecast by Value
Table 17: Global Jamaican Black Castor Oil Market Forecast by Value (2022-2026)
3.3.7 Global Dehydrated Castor Oil Market by Value
Table 18: Global Dehydrated Castor Oil Market by Value (2017-2021)
3.3.8 Global Dehydrated Castor Oil Market Forecast by Value
Table 19: Global Dehydrated Castor Oil Market Forecast by Value (2022-2026)
3.4 Global Castor Oil Market by Application
Table 20: Global Castor Oil Market by Application (2021)
3.4.1 Global Castor Oil Cosmetics and Pharmaceuticals Market Forecast by Value
Table 21: Global Castor Oil Cosmetics and Pharmaceuticals Market Forecast by Value (2021-2026)
3.4.2 Global Castor Oil Lubricants Market Forecast by Value
Table 22: Global Castor Oil Lubricants Market Forecast by Value (2021-2026)
3.4.3 Global Castor Oil Surface Coatings Market Forecast by Value
Table 23: Global Castor Oil Surface Coatings Market Forecast by Value (2021-2026)
3.4.4 Global Castor Oil Biodiesel Market Forecast by Value
Table 24: Global Castor Oil Biodiesel Market Forecast by Value (2021-2026)
3.4.5 Global Castor Oil Plastics and Resins Market Forecast by Value
Table 25: Global Castor Oil Plastics and Resins Market Forecast by Value (2021-2026)
3.5 Global Castor Oil Market Volume
Table 26: Global Castor Oil Production Volume (2017-2021)
3.6 Global Castor Oil Market Volume Forecast
Table 27: Global Castor Oil Market Volume Forecast (2022-2026)
3.7 Global Castor Oil Exports by Country
Table 28: Global Castor Oil Exports by Country (2021)
3.8 Global Castor Oil Imports by Country
Table 29: Global Castor Oil Imports by Country (2021)
4. Country Market Analysis
4.1 India
4.1.1 India Castor Oil Exports Forecast by Value
Table 30: India Castor Oil Exports Forecast by Value (2021-2026)
4.1.2 India Castor Oil Exports Volume Forecast
Table 31: India Castor Oil Exports Volume Forecast (2021-2026)
4.1.3 India Castor Oil Exports by Country
Table 32: India Castor Oil Exports by Country (2021)
4.1.4 India Castor Seed Production
Table 33: India Castor Seed Production (2017-2021)
4.1.5 India Castor Seed Production by States
Table 34: India Castor Seed Production by States (2021)
4.2 The U.S.
4.2.1 The U.S. Castor Oil Exports Forecast by Value
Table 35: The U.S. Castor Oil Exports Forecast by Value (2021-2026)
4.2.2 The U.S. Castor Oil Exports Volume Forecast
Table 36: The U.S. Castor Oil Exports Volume Forecast (2021-2026)
4.2.3 The U.S. Castor Oil Imports Forecast by Value
Table 37: The U.S. Castor Oil Imports Forecast by Value (2021-2026)
4.3 China
4.3.1 China Castor Oil Exports Forecast by Value
Table 38: China Castor Oil Exports Forecast by Value (2021-2025)
4.3.2 China Castor Oil Imports Forecast by Value
Table 39: China Castor Oil Imports Forecast by Value (2021-2026)
4.4 Brazil
4.4.1 Brazil Castor Oil Exports Forecast by Value
Table 40: Brazil Castor Oil Exports Forecast by Value (2021-2026)
4.4.2 Brazil Castor Oil Exports Volume Forecast
Table 41: Brazil Castor Oil Exports Volume Forecast (2021-2025)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Growing Population
Table 42: Global Population (2017-2021)
5.1.2 Mounting Utilization in Biodiesel Feedstock
Table 43: Global Biodiesel Consumption (2017-2021)
5.1.3 Rising Inclination towards Organic and Plant-Based Cosmetic Products
Table 44: Global Vegan Cosmetics Market (2018-2025)
5.1.4 Accelerating Use in Pharmaceutical Industry
Table 45: Global Pharmaceutical Market (2021-2025)
5.1.5 Escalating Application in Various End-Use Industries
Table 46: Global Bioplastics Production Capacities (2020-2026)
5.1.6 Rising Awareness about Castor oil and Its Derivatives
Table 47: Global Food Market Forecast (2021-2026)
5.2 Key Trends and Developments
5.2.1 Increasing Consumption of Bioplastics
Table 48: Global Demand for Lubricants (2017-2023)
5.2.2 Rapid Adoption in Food Industry
5.2.3 Surging Demand for Lubricants
5.3 Challenges
5.3.1 Geographically Limited Production of Castor Seeds
5.3.2 Labor Intensive Harvesting Process
5.3.3 Unstable Prices of Castor Oil
6. Competitive Landscape
6.1 Global Market
6.1.1 Revenue Comparison of Key Players
Table 49: Revenue Comparison of Key Players (2021)
6.1.2 Market Capitalization Comparison of Key Players
Table 50: Market Capitalization Comparison of Key Players (2022)
6.2 India Market
6.2.1 India Castor Oil Market Volume Share by Key Players
Table 51: India Castor Oil Market Volume Share by Key Players (2021)
7. Company Profiles
7.1 Adani Wilmar Limited
7.1.1 Business Overview
7.1.2 Financial Overview
Table 52: Adani Wilmar Limited Total Income and Profit (2017-2021)
Table 53: Adani Wilmar Limited Total Income by Segment (2021)
7.1.3 Business Strategies
7.2 Gokul Agro Resources Limited
7.2.1 Business Overview
7.2.2 Financial Overview
Table 54: Gokul Agro Resources Limited Total Revenue and Profit (2017-2021)
7.2.3 Business Strategies
7.3 Jayant Agro-Organics Limited
7.3.1 Business Overview
7.3.2 Financial Overview
Table 55: Jayant Agro-Organics Limited Total Revenue and Profit (2017-2021)
7.3.3 Business Strategies
7.4 N K Industries Limited
7.4.1 Business Overview
7.4.2 Financial Overview
Table 57: N K Industries Limited Total Income and Net Profit (Loss) (2017-2021)
7.4.3 Business Strategies
7.5 Liaoyang Huaxing Chemical Co., Ltd.
7.5.1 Business Overview
7.5.2 Business Strategies
7.6 R.P.K. Agrotech Exports Pvt. Ltd.
7.6.1 Business Overview
7.6.2 Business Strategies

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