India Castor Oil & Derivatives Market Size & Outlook
India castor oil & derivatives market, 2018-2030 (US$M)
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India castor oil & derivatives market highlights
- The India castor oil & derivatives market generated a revenue of USD 81.0 million in 2023 and is expected to reach USD 108.7 million by 2030.
- The India market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, hydrogenated castor oil was the largest revenue generating product in 2023.
- Ricinoleic Acid is the most lucrative product segment registering the fastest growth during the forecast period.
Castor oil & derivatives market data book summary
| Market revenue in 2023 | USD 81.0 million |
| Market revenue in 2030 | USD 108.7 million |
| Growth rate | 4.3% (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 |
Other key industry trends
- In terms of revenue, India accounted for 6.2% of the global castor oil & derivatives market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China castor oil & derivatives market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 736.1 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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India 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.
Hydrogenated castor oil was the largest segment with a revenue share of 30.12% in 2023. Horizon Databook has segmented the India 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.
The India has long been home to castor seed cultivation and processing; however, the country falls behind in developing its high-performance derivatives. Castor oil was traditionally used as ayurvedic medicine to treat infectious diseases and skin disorders.
In addition, it was used to induce labor pain in pregnant women. However, the country still lacks advanced processing units for manufacturing its derivatives, hence, it exports most of its production.
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Our clientele includes a mix of castor oil & derivatives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India castor oil & derivatives market , including forecasts for subscribers. This country databook contains high-level insights into India castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India castor oil & derivatives market size, by product, 2018-2030 (US$M)
India Castor Oil & Derivatives Market Outlook Share, 2023 & 2030 (US$M)
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