The Castor Oil Market is expected to grow from US$1.572 billion in 2025 to US$2.049 billion in 2030, at a CAGR of 5.44%.
Castor Oil refers to multi-purpose vegetable oil which is extracted from castor beans. The rising preference for bio-based products is expected to be a key factor driving the castor oil market. Furthermore, the growing inclusion of castor oil for pharmaceutical purposes along with the growing geriatric population is anticipated to fuel the market in the coming years. Moreover, the budding cosmetic industry coupled with an increasing look-conscious population is estimated to boost the market for castor oil.
In addition, increasing consumption of herbal products along with growing adoption of ayurvedic products is expected to push the market growth forward. Various properties and benefits associated with castor oil such as wound healing properties and anti-acne function are anticipated to provide growth opportunities for the castor oil market. However, the price vitality of castor beans is expected to hamper the market growth.
The major players profiled in the Castor Oil market include Ambuja Solvex Pvt. Ltd., Royal Castor Product Limited, Thai Castor Oil Industries Co. Ltd., Arvalli Castor Derivatives Pvt. Ltd., Jayant Agro-Organics Limited, Hokoku Corporation, Aura Refoils Pvt. Ltd., OUTAEARTH Processor Limited.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Castor Oil Market Size in 2025 | US$1.572 billion |
| Castor Oil Market Size in 2030 | US$2.049 billion |
| Growth Rate | CAGR of 5.44% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
|
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Castor Oil Market | |
| Customization Scope | Free report customization with purchase |
The Castor Oil Market is analyzed into the following segments:
By Type
Jamaican Black Castor Oil
Hydrogenated Castor Oil
Chemical Extracted Castor Oil
Cold Pressed Castor Oil
By Distribution Channel
Online
Offline
By Capacity
10-100 ML
100-250 ML
250-500 ML
500 ML and above
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others