Global Castor Market Growth 2023-2029

Global Castor Market Growth 2023-2029

Castor bean is the fruits of castor plants, the main use of them are producing castor oil which generally contains between 40% and 60% oil. At present India, China and Brazil are the main plant castor bean regions, especially India is the largest plant regions and production share of India is 70.02% in 2014.
LPI (LP Information)' newest research report, the “Castor Industry Forecast” looks at past sales and reviews total world Castor sales in 2022, providing a comprehensive analysis by region and market sector of projected Castor sales for 2023 through 2029. With Castor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Castor industry.
This Insight Report provides a comprehensive analysis of the global Castor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Castor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Castor market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Castor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Castor.
The global Castor market size is projected to grow from US$ 1119.1 million in 2022 to US$ 1416.5 million in 2029; it is expected to grow at a CAGR of 1416.5 from 2023 to 2029.
The major players in global Castor market include Gokul Refoils and Solvent (GRSL), NK Proteins, Kisan Agro, etc. The top 3 players occupy about 25% shares of the global market. India is the main market, and occupies about 80% of the global market. Commercial Castor Oil is the main type, with a share about 50%. Industrial is the main application, which holds a share about 60%.
This report presents a comprehensive overview, market shares, and growth opportunities of Castor market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Commercial Castor Oil
Refined Castor Oil
Pale Pressed Refined Castor Oil
Others
Segmentation by application
Food Industry
Industrial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Gokul Refoils and Solvent (GRSL)
NK Proteins
Kisan Agro
Girnar Industries
Kanak Castor Products
BOM
Shivam Agro
Adya Oils & Chemicals (AOCL)
Shivam Castor Products (SCPL)
Thai Castor Oil (TCO Group)
Itoh Oil Chemicals
Azevedo Industria
Hokoku Corporation
Tongliao Weiyu
Tianxing Group
Yellow River Oil
Guohua Oil
Qianjin Oil
Key Questions Addressed in this Report
What is the 10-year outlook for the global Castor market?
What factors are driving Castor market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Castor market opportunities vary by end market size?
How does Castor break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.