Italy Castor Oil & Derivatives Market Size & Outlook
Italy castor oil & derivatives market, 2018-2030 (US$M)
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Italy castor oil & derivatives market highlights
- The Italy castor oil & derivatives market generated a revenue of USD 29.9 million in 2023 and is expected to reach USD 47.8 million by 2030.
- The Italy market is expected to grow at a CAGR of 6.9% 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 29.9 million |
| Market revenue in 2030 | USD 47.8 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 |
Other key industry trends
- In terms of revenue, Italy accounted for 2.3% 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 Europe, Germany castor oil & derivatives market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 85.3 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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Italy 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 29.77% in 2023. Horizon Databook has segmented the Italy 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 grown in northern Italy. Italian castor oil is of excellent quality and mostly obtained from red-seeded American and black-seeded Egyptian varieties. However, only a small portion of castor oil consumed in Italy is pressed from Italian seed.
The country is highly dependent on imports from France, India, Germany, and the Netherlands. In addition, the Italian market for castor oil is expected to witness favorable growth owing to its significant application in lubricant and biodiesel manufacturing.
In 2018, Italy became the first country in Europe to legally introduce advanced biofuel in all automobiles. All suppliers in the country were obligatory asked to mix 0.6% of advanced biofuel in diesel and petrol. This is further expected to drive the regional growth in the extended run.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy castor oil & derivatives market , including forecasts for subscribers. This country databook contains high-level insights into Italy castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy castor oil & derivatives market size, by product, 2018-2030 (US$M)
Italy Castor Oil & Derivatives Market Outlook Share, 2023 & 2030 (US$M)
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