Market revenue in 2023 | USD 88.2 million |
Market revenue in 2030 | USD 140.9 million |
Growth rate | 6.9% (CAGR from 2023 to 2030) |
Largest segment | Hydrogenated castor oil |
Fastest growing segment | Ricinoleic Acid |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 |
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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.
Hydrogenated castor oil was the largest segment with a revenue share of 29.82% in 2023. Horizon Databook has segmented the Germany 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 beans are not grown in Germany as most of the country’s parts have light sandy, stony & shallow, moorland, and peat soils having limited productivity. The farming of castor seeds in these soils is difficult owing to frequent erosion and poor water holding capacity of the land.
Hence, the country imports castor oil from India, the Netherlands, France, and the U.S. The country presents a positive outlook for the growth of the castor oil & derivatives market. Also, the country is one of the major producer of biodiesel which are based on various vegetable oils.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany castor oil & derivatives market , including forecasts for subscribers. This country databook contains high-level insights into Germany castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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