Saudi Arabia Castor Oil & Derivatives Market Size & Outlook
Saudi Arabia castor oil & derivatives market, 2018-2030 (US$M)
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Saudi Arabia castor oil & derivatives market highlights
- The Saudi Arabia castor oil & derivatives market generated a revenue of USD 4.9 million in 2023 and is expected to reach USD 7.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, hydrogenated castor oil was the largest revenue generating product in 2023.
- Undecylenic 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 4.9 million |
| Market revenue in 2030 | USD 7.4 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Hydrogenated castor oil |
| Fastest growing segment | Undecylenic 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, Saudi Arabia accounted for 0.4% 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 Middle East & Africa, Saudi Arabia castor oil & derivatives market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 6.4 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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Saudi Arabia 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 32.65% in 2023. Horizon Databook has segmented the Saudi Arabia 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 commercially in Saudi Arabia but are well found in and around the city of Riyadh. The country’s long-term strategies for the development of bio-based diesel, lubricants, and cosmetics products indicate a positive outlook for the castor oil derivatives market.
The people of Saudi Arabia were unfamiliar with cosmetics for a long time. In recent years, the growth of Halal cosmetics has broken this trend and has accounted for cosmetic sales of over a billion dollars. Halal cosmetic products are made from the extracts of organic soybean, sunflower, castor, honey, propolis, lanolin, milk, etc.
Castor derivatives are used as emollients in numerous cosmetics due to the unique property, which enhances the absorption capacity of other cosmetic ingredients.
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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 Saudi Arabia castor oil & derivatives market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia castor oil & derivatives market size, by product, 2018-2030 (US$M)
Saudi Arabia Castor Oil & Derivatives Market Outlook Share, 2023 & 2030 (US$M)
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