Global Castor Oil Category - Procurement Market Intelligence Report
About Global Castor Oil
A key growth driver for the castor oil market is the high growth potential of castor oil in the organic beauty and personal care products market. The growth of the global organic beauty and personal care market is driven by an increase in urbanization in developing economies across APAC (China and India), South America (Brazil), and MEA (the UAE). Castor oil and derivatives such as castor wax, zinc ricinolate, and castor oil esters are being used in beauty and personal care products such as soaps, shampoos, creams, perfumes, lip gels, and hair oils among others.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Castor Oil Market. Its helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
SpendEdge’s report, Global Castor Oil Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
SpendEdge Announces the Publication of its Procurement Research Report – Global Castor Oil Category - Procurement Market Intelligence Report 2017-2021.
SpendEdge recognizes the following companies as the key suppliers in the Global Castor Oil Category - Procurement Market Intelligence Report: Jayant Agro-Organics, Adani WilmAr, Ambuja Solvex, Itoh Oil Chemicals, and Gokul Refoils & Solvents Limited (GRSL).
Commenting on the report, an analyst from SpendEdge said: “Buyers must conduct periodic reviews of all products in their portfolio that contain castor oil or its derivatives.”
According to the report, a key growth driver for the castor oil market is the high growth potential of castor oil in the organic beauty and personal care products market.
Further, the report states that one of the procurement challenges faced by buyers in this market space is the inter-seasonal variation in the price of castor oil.
Jayant Agro-Organics, Adani WilmAr, Ambuja Solvex, Itoh Oil Chemicals, and Gokul Refoils & Solvents Limited (GRSL).
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