Castor Oil Market Report 2025 (Global Edition)

Global Castor Oil Market Report 2025 Market Size Split by Type (Sebacic Acid, Ricinoleic Acid, Hydrogenated Castor Oil, Cold Pressed Castor Oil, Jamaican Black Castor Oil, Dehydrated Castor Oil, 12-Hy...

Castor Oil Market Report Description

We have various report editions of Castor Oil Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape: Castor Oil market

Leading market players are focusing on the latest castor oil extraction and production trends to improve their production capacities. They are investing in expanding their manufacturing lines to meet the rise in demand for castor oil from various industries. Increase in the export of highquality castor seeds is likely to increase oil production and enhance the business performance of companies. Some of the players in the market are Adani Wilmar Ltd., Adya Oils & Chemicals Ltd., Ambuja Solvex Pvt. Ltd., Arvalli Castor Derivatives Pvt. Ltd., BDI Enterprises & Brands, LLC, Cristol, Dayang Chem (Hangzhou) Co. Ltd., Girnar Industries, Globexo India, Gokul Agri International Ltd., Gustav Heess, Hokoku Corporation, Itoh Oil Chemicals Co., Ltd., Jayant Agro-Organics Limited, Kokura Gosei Kogyo Ltd., N.K. Proteins Pvt. Limited., Royal Castor Products Limited, Shavout International Holdings, Sree Rayalaseema Alkalies & Allied Chemicals Ltd., and Sunny Isle. 

These companies have been profiled in the castor oil market report based on various parameters including company overview, business segments, product portfolio, recent developments, business strategies, and financial overview.
Castor oil suppliers keep a close eye on changes in regulations and consumer preferences to quickly adjust. The ricinus communis oil market expands and changes due to the dynamic environment, which promotes ongoing extraction and processing technologies developments.

•    In August 2020, Lamesoft Balance, a hydrogenated castor oil-based product developed by BASF SE, was used to stabilise ingredients in formulas for washing hair and skin. It facilitates the provision of consistent rheology, which can be challenging to achieve in washing formulations. By grabbing consumers' interest, these events encourage the growth of the cosmetics industry. The market demand for the commodity is rising as castor oil-infused products become increasingly popular.
(Source:https://www.basf.com/global/en/media/news-releases/2020/08/p-20-266.html)

•    In July 2023, Casterra, an Israel-based company, developed genetically engineered versions of the ancient castor bean for high-yield seed oil for better biofuel production
(Source:https://casterra.co/casterra-signs-a-framework-agreement-with-a-world-leading-oil-and-gas-company-to-sell-its-castor-seeds-for-sustainable-biofuel-production-with-initial-purchase-orders-of-9-1-million/)

Top Companies Market Share in Castor Oil Industry: (In no particular order of Rank)

• NK Industries
• Hokoku Corporation
• Kanak castor Products
• Girnar Industries
• Jayan Agro Organics Ltd.
• Gokul Agri International
• Vertellus
• Xingtai Lantian Fine Chemicals Ltd.
• Kokura Gosei Kogyo Ltd.
• ITOH Oil Chemical Ltd.
• Adani Wilmar
• Krishna Antioxidants Pvt. Ltd.
• Thai Castor Oil Industries Ltd.
• Arvalli Castor Derivatives Pvt. Ltd.
• Sebacic India Pvt. Ltd.
• Hengshui Jinghua Chemical Co.
• Ltd.
• Jayant Agro-organics Limited
• Ambuja Solvex Pvt LTD.
• Adya Oils & Chemicals Ltd.
• Taj Agro Products
• Girnar Industries
• Kisan Agro
• Itoh Oil Chemicals Co.
• Ltd.
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Which Region Dominates the Castor Oil Market in 2024?

According to Cognitive Market Research, Asia Pacific dominated the market in 2024, due to significant investments in research and development (R&D) and a strong presence of key technology companies.

Which Region is Expanding at the Fastest CAGR?

Europe stands out as the fastest-growing region in the Castor Oil market due to rapid industrialization, increasing technological advancements, and a growing demand for advanced materials across various sectors.

The current report Scope analyzes Castor Oil Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

Castor Oil Market Analysis

How is the Types Segment Performing in the Castor Oil Market?

Based on product type, the global market for castor oil derivatives had the largest revenue share in the segment that deals with sebacic acid. 

One special and bio-based feedstock for the synthesis of biopolymers is sebacic acid. It is extensively used in the production of polyamides because of its outstanding performance characteristics, which include low melting temperatures, flexibility, hydrophobicity, and durability. Sebacic acid is also used as an inhibitor of corrosion, a buffering agent in personal care products, an additive in lubricants, and in the synthesis of esters. The variety of uses for sebacic acid is what is driving the market's expansion. Furthermore, the ongoing development of bioplastics is driving up the need for sebacic acid as a vital raw material. 
Growth in demand for skincare products is bolstering the castor oil market size. Castor oil is one of the key ingredients in skincare products as it helps prevent wrinkles, reduce puffiness, soothe sunburns, fight acne, and moisturize. Castor oil for skincare is in high demand as people tend toward buying cosmetics with natural ingredients to avoid skin allergies and severe side effects.

•    Sebacic Acid
•    Ricinoleic Acid
•    Hydrogenated Castor Oil
•    Cold Pressed Castor Oil
•    Jamaican Black Castor Oil
•    Dehydrated Castor Oil
•    12-Hydroxy Stearic Acids
•    Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Castor Oil Industry. Request a Free Sample PDF!

Which Application Segment holds the largest revenue share of the Castor Oil Market?

In terms of application, pharmaceuticals represented the largest segment. The pharmaceutical industry is a significant consumer of castor oil due to its versatile properties and potential health benefits. Castor oil has long been used as a key ingredient in pharmaceutical formulations. Its primary role in this segment is as a stimulant laxative, aiding in relieving constipation. The active ingredient, ricinoleic acid, acts as a natural laxative, stimulating bowel movements. In addition to its use as a laxative, castor oil finds application in various pharmaceutical preparations, including creams, ointments, and topical medications. Its anti-inflammatory and antimicrobial properties make it suitable for treating skin conditions such as acne, eczema, and fungal infections. Researchers are also exploring the potential of castor oil in drug delivery systems, where it can encapsulate and efficiently deliver medications.

The role of castor oil in the lubricants industry is notable due to its unique properties that make it ideal for various lubrication applications. One of its outstanding characteristics is its low pour point, which means it remains liquid at very low temperatures. This property ensures that lubricants containing castor oil can perform effectively even in extreme cold conditions. Furthermore, castor oil exhibits excellent lubricity, corrosion resistance, and stability at high temperatures. These qualities are particularly valuable in industries such as aviation, where high-performance lubricants are required to maintain the efficiency and safety of aircraft engines. Castor oil-based lubricants are also used in racing engines and other high-stress machinery.

•    Lubricants
•    Biodiesel
•    Cosmetics and Pharmaceuticals
•    Plastics and Resins
•    Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Castor Oil Distribution Channel Segment Analysis

According to distribution channel, Direct distribution accounts for the major share of the castor oil market in 2022 and is expected to retain its dominance during the forecast period. Direct distribution is the largest distribution channel as different sector procures castor oil direct from the producers. The growth of the commercial sector is boosting the demand for castor oil; hence, the growth of direct distribution is also increasing.

• Direct Distribution
• Hypermarket/Supermarket
• Convenience Stores
• Traditional Grocery Stores
• Pharmacies & Drug Stores
• Discount Stores
• Specialty Stores
• Online Retail

Castor Oil End-Users Segment Analysis

In terms of end-users, the chemical industry is a significant contributor to sales of castor oil. The dominance can be ascribed to castor oil's numerous uses in chemical processes, where it is an essential component in synthesizing innumerable chemicals.  Its applications range from producing polymers and resins to serving as an essential part of lubricants. The chemical industry's dependence on castor oil highlights its importance as a necessary raw material and establishes it as a critical factor influencing market dynamics.

Also, Personal care & beauty accounts for the major share of the castor oil market in 2022 and is expected to retain its dominance during the forecast period. Personal care & beauty care products play a major role in the daily healthcare regimen of individuals. Presently, a rise in awareness about beauty and consciousness are the prominent factors that drive demand for personal care products. The rise in urbanization and increase in disposable income highly influences the sales of cosmetic products. Therefore, the use of castor oil in cosmetics is increasing to speed up the production process to meet consumer demand.

• Chemical Industry
• Pharmaceutical
• Cosmetic and Personal Care
• Food and Beverage
• Hypermarket/Supermarket
• Convenience Stores
• Traditional Grocery Stores
• Discount Stores
• Specialty Stores
• Online Retail

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

LinkedIn

Profile

Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

Author's Conclusion