South Africa Castor Oil & Derivatives Market Size & Outlook
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South Africa castor oil & derivatives market highlights
- The South Africa castor oil & derivatives market generated a revenue of USD 4.1 million in 2023 and is expected to reach USD 6.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.6% 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 4.1 million |
| Market revenue in 2030 | USD 6.4 million |
| Growth rate | 6.6% (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, South Africa accounted for 0.3% 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 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 |
|---|---|---|---|---|
| Yuki Gosei Kogyo | View profile | 251-500 | Koto, Tokyo, Japan, Asia | https://www.yuki-gosei.co.jp/ |
| Vertellus | View profile | 5001-10000 | Indianapolis, Indiana, United States, North America | http://www.vertellus.com |
| Gokul Agro Resources | View profile | 501-1000 | Ahmedabad, Gujarat, India, Asia | https://www.gokulagro.com/ |
| Liaoning Shengde Huaxing Chemical Co. | View profile | 11-50 | Dengta, Liaoning, China, Asia | https://www.huaxingchemical.com |
| Castor | View profile | 101-250 | Amsterdam, Noord-Holland, The Netherlands, Europe | https://www.castoredc.com |
| N K Proteins | View profile | 501-1000 | Ahmedabad, Gujarat, India, Asia | http://www.nkproteins.com |
| Taj Agro | View profile | 501-1000 | Mumbai, Maharashtra, India, Asia | https://tajagro.com |
| RPK Group | View profile | 11-50 | Annapolis, Maryland, United States, North America | http://rpkgroup.com/ |
| Jayant Agro-Organics | View profile | 251-500 | Mumbai, Maharashtra, India, Asia | https://www.jayantagro.com/ |
| Hokuriku Electric Power Co Inc | View profile | 9623 | 15-1 Ushijima-cho, Toyama, Japan, 930-8686 | http://www.rikuden.co.jp |
| Thai Oil PCL ADR | View profile | - | 11th Floor, Vibhavadi Rangsit Road, 555/1 Energy Complex Building A, Kwang Chatuchak, Khet Chatuchak, Bangkok, Thailand, 10900 | https://www.thaioilgroup.com |
| Adani Wilmar | View profile | 1001-5000 | Ahmedabad, Gujarat, India, Asia | https://www.adaniwilmar.com/ |
| ITOCHU Corp | View profile | 155403 | 5-1, Kita Aoyama 2-chome, Minato-ku, Tokyo, Japan, 107-8077 | https://www.itochu.co.jp |
South 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 34.15% in 2023. Horizon Databook has segmented the South 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.
South Africa is the ninth-largest country in terms of castor seed production. The constant index for domestic production has attracted many companies to invest in the local market. For instance, Selokong Sa Dimelana (SSD) started the processing of castor seeds to yield castor oil, castor meal, and biodiesel.
Apart, castor oil is used in the production of lamp fuel, medicines, surface coatings, and resins in South Africa. To meet the domestic demand, the country imports castor oil majorly from India.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa castor oil & derivatives market , including forecasts for subscribers. This country databook contains high-level insights into South Africa castor oil & derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa castor oil & derivatives market size, by product, 2018-2030 (US$M)
South Africa Castor Oil & Derivatives Market Outlook Share, 2023 & 2030 (US$M)
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