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Los Angeles, CA -- (SBWIRE) -- 04/11/2019 -- This report studies the global Castor Oil market status and forecast, categorizes the global Castor Oil market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
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.
The global Castor Oil market is valued at 1180 million US$ in 2017 and will reach 1470 million US$ by the end of 2025, growing at a CAGR of 2.8% during 2018-2025.
Currently, India is the largest producer of castor seeds and accounts for over 80% of the global production, followed by China and Brazil.
Asia Pacific is the largest consumer of castor oil and is expected to retain the higher growth rate during the next few years due to strong growth in pharmaceuticals and cosmetics industry. China and India have witnessed a major chunk of the production and consumption of castor oil in the Asia Pacific region.
The castor oil market in Europe is growing on the back of rising demand of bio based cosmetic production, whereas the demand for castor oil in North America is driven by the strong consumption of biodiesel.
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The major manufacturers covered in this report
Jayant Agro Organics
Taj Agro Products
Thai Castor Oil
ITOH Oil Chemicals
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
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