Europe Castor Oil & Derivatives Market Size & Outlook
Europe castor oil & derivatives market, 2018-2030 (US$M)
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Europe castor oil & derivatives market highlights
- The Europe castor oil & derivatives market generated a revenue of USD 294.8 million in 2023.
- The market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, 12hsa was the largest revenue generating product in 2023.
- Ricinoleic Acid is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 294.8 million |
| Market revenue in 2030 | USD 473.3 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | 12hsa |
| Fastest growing segment | Ricinoleic Acid |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sebacic acid, 12HSA, Ricinoleic Acid, Hydrogenated Castor Oil, Undecylenic Acid, Dehydrated Castor Oil |
| Key market players worldwide | Thai Oil PCL ADR, Adani Wilmar, Hokuriku Electric Power Co Inc, ITOCHU Corp, Jayant Agro-Organics, RPK Group, Taj Agro, N K Proteins, Castor, Liaoning Shengde Huaxing Chemical Co., Gokul Agro Resources, Vertellus, Yuki Gosei Kogyo |
Other key industry trends
- In terms of revenue, Europe region accounted for 22.4% of the global castor oil & derivatives market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 473.3 million by 2030.
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Castor Oil & Derivatives Market Scope
Castor Oil & Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe castor oil & derivatives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to castor oil & derivatives market will help companies and investors design strategic landscapes.
12hsa was the largest segment with a revenue share of 29.58% in 2023. Horizon Databook has segmented the Europe castor oil & derivatives market based on sebacic acid, 12hsa, ricinoleic acid, hydrogenated castor oil, undecylenic acid, dehydrated castor oil covering the revenue growth of each sub-segment from 2018 to 2030.
Castor seeds are an important oilseed crop with multifarious applications in the production of medicines, low molecular weight aviation fuels, biopolymers, biodiesel, lubricants, and cosmetic products. They are grown on a limited scale in Europe.
The dwarf variety of castor plants that grows up to 1.7 meters is mostly grown in the region. These castor seeds contain up to 85% of the unique ricinoleic acid and hydroxy fatty acid, which confers unique industrial applications to the oil.
Europe is the second-largest consumer of castor oil and majorly imports from countries such as India, Brazil, Malaysia Mexico, and China for its domestic needs. France, the Netherlands, Germany, Belgium, Italy, and the UK were the top importing countries.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe castor oil & derivatives market , including forecasts for subscribers. This continent databook contains high-level insights into Europe castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe castor oil & derivatives market size, by country, 2018-2030 (US$M)
Europe Castor Oil & Derivatives Market Outlook Share, 2023 & 2030 (US$M)
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