South Korea Castor Oil & Derivatives Market Size & Outlook
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South Korea castor oil & derivatives market highlights
- The South Korea castor oil & derivatives market generated a revenue of USD 34.7 million in 2025 and is expected to reach USD 55.6 million by 2033.
- The South Korea market is expected to grow at a CAGR of 6.2% from 2026 to 2033.
- In terms of segment, hydrogenated castor oil was the largest revenue generating product in 2025.
- 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 2025 | USD 34.7 million |
| Market revenue in 2033 | USD 55.6 million |
| Growth rate | 6.2% (CAGR from 2026 to 2033) |
| Largest segment | Hydrogenated castor oil |
| Fastest growing segment | Undecylenic Acid |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ricinoleic Acid, Hydrogenated Castor Oil, Undecylenic Acid, Sebacic acid, 12HSA, 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 Korea accounted for 2.4% of the global castor oil & derivatives market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China castor oil & derivatives market is projected to lead the regional market in terms of revenue in 2033.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 875.2 million by 2033.
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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 Korea 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 30.84% in 2025. Horizon Databook has segmented the South Korea castor oil & derivatives market based on ricinoleic acid, hydrogenated castor oil, undecylenic acid, sebacic acid, 12hsa, dehydrated castor oil covering the revenue growth of each sub-segment from 2021 to 2033.
India, Japan, Thailand, and Malaysia import castor seeds to South Korea. The growing biofuel industry in South Korea is one of the major drivers triggering the demand for castor oil. The Korean government is promoting bioenergy supply as a part of its renewable energy policies.
The Renewable Fuel Standard in South Korea for automobiles has made it obligatory for all oil refining companies to blend 3% of biodiesel with conventional diesel starting from 2018. Apart, the Korea Bioplastics Association has established an authentication program for the production of plastics from biomass.
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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 South Korea castor oil & derivatives market , including forecasts for subscribers. This country databook contains high-level insights into South Korea castor oil & derivatives market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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South Korea castor oil & derivatives market size, by product, 2021-2033 (US$M)
South Korea Castor Oil & Derivatives Market Outlook Share, 2025 & 2033 (US$M)
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