Middle East & Africa Castor Oil & Derivatives Market Size & Outlook
Middle East & Africa castor oil & derivatives market, 2018-2030 (US$M)
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MEA castor oil & derivatives market highlights
- The MEA castor oil & derivatives market generated a revenue of USD 22.5 million in 2023.
- The market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, hydrogenated castor oil was the largest revenue generating product in 2023.
- Dehydrated Castor Oil is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 22.5 million |
| Market revenue in 2030 | USD 34.3 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Hydrogenated castor oil |
| Fastest growing segment | Dehydrated Castor Oil |
| 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, MEA region accounted for 1.7% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Castor Oil & Derivatives Market Scope
Castor Oil & Derivatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 32.44% in 2023. Horizon Databook has segmented the Middle East & Africa 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 has been known to African people from immemorial time. The Ethiopian-East African region was noted as the most probable origin site of castor plants. In ancient times, castor plants grew naturally in the wild, along the riverside, and in wastelands of the Middle East & African countries.
Today, it is one of the most profitable cash-crops grown on a commercial scale in countries including Mozambique, Ethiopia, South Africa, Angola, Syria, Sudan, Libya, Tanzania, Kenya, and Madagascar. The Middle East & Africa is the second-largest producer and a significant consumer of castor oil in the world. According to the Food and Agriculture Organization of the United Nations.
Most of the seeds grown in the region are exported to countries in Europe, North America, and Asia Pacific for further production of bioplastics, drugs, lubricants, biodiesel, cosmetics, and aviation fuels.
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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 continent-level data and insights on the Middle East & Africa castor oil & derivatives market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA castor oil & derivatives market size, by country, 2018-2030 (US$M)
Middle East & Africa Castor Oil & Derivatives Market Outlook Share, 2023 & 2030 (US$M)
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