Global Castor Oil Market - Procurement Intelligence Report
About Castor Oil Market
Castor oil is a natural vegetable oil extracted from the processing of seeds of the Ricinus communis plant, which is mainly cultivated in tropical regions across Africa, South America, and India. The spend momentum of this market will be attributed to the wide adoption across the lubricants, plastic, and paint manufacturing industries. Castor oil also helps in producing sebacic acid, a raw material that is used to manufacture plastic, lubricants, and paints.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Castor Oil Market. It 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 in 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.
Category driver
- Increase in use of pharmaceutical-grade castor oil
- For a full, detailed list, view our report
- Engage with suppliers who adopt stringent quality control measures in their manufacturing process
- For a full, detailed list, view our report
- Conduct a review process of products containing castor oil
- For a full, detailed list, view our report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints on category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
- PART 01: EXECUTIVE SUMMARY
- PART 02: MARKET INSIGHTS
- Global category spend
- Category spend growth
- Spend segmentation by region
- Regional spend dynamics
- Regional influence on global spend
- Regional spend opportunity for suppliers
- PART 03: CATEGORY PRICING INSIGHTS
- Pricing outlook
- Supplier cost structure
- Outlook for input costs
- Total cost of ownership analysis
- Overview of pricing models
- Comparison of pricing models
- Supply chain margins
- Cost drivers: Impact on pricing
- Volume drivers: Impact on pricing
- PART 04: COST-SAVING OPPORTUNITIES
- Supplier-side levers
- Buyer-side levers
- Quantifying cost-saving opportunities
- Quantifying cost savings by negotiation strategies
- PART 05: BEST PRACTICES
- Innovation and success stories
- Procurement excellence best practices
- Procurement best practices
- Sustainability practices
- Sustainability best practices
- PART 06: CATEGORY ECOSYSTEM
- Market favorability index for suppliers
- Competitiveness index for suppliers
- Buyer power
- Supplier power
- Threat of new entrants
- Threat of substitutes
- Buyer ecosystem
- Supplier ecosystem
- PART 07: CATEGORY MANAGEMENT STRATEGY
- Category management objectives
- Supplier and buyer KPIs
- Outsourcing category management activities
- Risk management
- PART 08: CATEGORY MANAGEMENT ENABLERS
- Procurement organization
- Category enablers
- PART 09: SUPPLIERS SELECTION
- RFx essentials
- Supplier selection criteria
- Service level agreement
- Incumbent supplier evaluation metrics
- PART 10: SUPPLIERS UNDER COVERAGE
- Overview
- Supplier positioning
- Profile: JAYANT AGRO-ORGANICS Ltd.
- Profile: Gokul Refoils & Solvent Ltd.
- Profile: Adani Wilmar Ltd.
- Profile: AMBUJA solvex Pvt. Ltd.
- Profile: ITOH OIL CHEMICALS Co. Ltd.
- Profile: R.P.K. Agrotech Exports Pvt. Ltd.
- PART 11: US MARKET INSIGHTS
- Category spend in the US
- Pricing outlook
- Supplier cost structure in the US
- Margins of suppliers in the US
- Category cost drivers
- Category volume drivers
- Overview of best practices in the US
- Procurement best practices in the US
- US supply market overview
- Supplier positioning for the US
- Regional category risks
- PART 12: CATEGORY DEFINITION
- Category hierarchy
- Category scope
- Category map
- PART 13: APPENDIX
- List of abbreviations
- Key notes
- Global category spend (2019-2024)
- Category spend growth (2019-2024)
- Regional split of spend
- Regional comparison
- Comparison of category maturity across regions
- Regional spend opportunity for suppliers (2019-2024)
- Category pricing dynamics
- Supplier cost breakup
- Input cost dynamics
- Total cost of ownership model
- Benefit comparison of pricing models
- Pricing models – comparison matrix
- Supplier margin analysis
- Margin analysis across supply chain
- Cost drivers
- Volume drivers
- Cost-saving opportunities: Supply-side levers
- Cost-saving opportunities: Demand-side levers
- Cost-saving opportunity matrix
- Negotiation grid
- Innovation and success stories
- Procurement excellence summary: Impact on the category
- Supplier relationship management metrics
- Strategic sourcing and category management metrics
- Technology-facilitated procurement metrics
- Procurement best practices dashboard
- Sustainability practices: Impact on the category
- Sustainability best practices
- Market environment score
- Market competitiveness score
- Buyer power score
- Supplier power score
- Ease of market entry score
- Ease of substitution score
- Buyer ecosystem: Outlook
- Supplier ecosystem: Outlook
- Ecosystem disruption threats
- Key category management objectives
- Supplier KPI dashboard
- Buyer KPI dashboard
- Category management enablers
- Risk management matrix
- Procurement model
- Category enablers: Technology
- RFx questions
- Phase I RFI considerations
- SLA terms
- Supplier performance benchmarking criteria
- Supplier operational capability matrix
- Supplier positioning matrix
- JAYANT AGRO-ORGANICS Ltd. – Key information dashboard
- Gokul Refoils & Solvent Ltd. – Key information dashboard
- Adani Wilmar Ltd. – Key information dashboard
- AMBUJA solvex Pvt. Ltd. – Key information dashboard
- ITOH OIL CHEMICALS Co. Ltd. – Key information dashboard
- R.P.K. Agrotech Exports Pvt. Ltd. – Key information dashboard
- US category spend (2019-2024)
- Category pricing dynamics
- Supplier cost breakup
- Supplier margin analysis
- Margin analysis across supply chain
- Cost drivers
- Volume drivers
- Procurement excellence summary: Impact on category
- Supplier relationship management
- Strategic sourcing and category management
- Technology-facilitated procurement
- Procurement best practices dashboard
- Supplier operational capability matrix
- Supplier positioning matrix
- Risk management matrix
- Category definition
- Category nuances
- Importance of category relative to other categories
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook