Castor bean is the fruits of castor plants, the main use of them are producing castor oil which generally contains between 40% and 60% oil. At present India, China and Brazil are the main plant castor bean regions, especially India is the largest plant regions and production share of India is 70.02% in 2014.
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Castor oil downstream is wide; the major fields are food industry, pharmaceuticals and cosmetics and industry, etc. In recent years, food industry has developed rapidly. Increasing demand for food industry is expected to drive the demand for the castor market. China, India and South America are the main production regions for castor oil. China market is increasing with the rapid development of downstream industry.
Castor oil downstream is wide; the major fields are food industry, pharmaceuticals and cosmetics and industry, etc. In recent years, food industry has developed rapidly. Increasing demand for food industry is expected to drive the demand for the castor market. China, India and South America are the main production regions for castor oil. China market is increasing with the rapid development of downstream industry.
According to our research and analysis, manufacturers from India are the major leaders in the international market of castor. Manufacturers from China also occupy high market share. There is large space in the China market, as well as big gap between international brands and local brands on price.
Over the next five years, reportsandmarkets projects that Castor will register a 1.9% CAGR in terms of revenue, reach US$ 1190 million by 2023, from US$ 1060 million in 2017.
Over the next five years, reportsandmarkets projects that Castor will register a 1.9% CAGR in terms of revenue, reach US$ 1190 million by 2023, from US$ 1060 million in 2017.
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This report presents a comprehensive overview, market shares, and growth opportunities of Castor market by product type, application, key manufacturers and key regions.
Segmentation by product type:
Commercial Castor Oil
Refined Castor Oil
Pale Pressed Refined Castor Oil
Others
Segmentation by application:
Food Industry
Industrial
Others
Commercial Castor Oil
Refined Castor Oil
Pale Pressed Refined Castor Oil
Others
Segmentation by application:
Food Industry
Industrial
Others
This report also splits the market by region:
Americas,United States,Canada,Mexico,Brazil,APAC,China,Japan,Korea,Southeast Asia,India,Australia,Europe,Germany,France,UK,Italy,Russia,Spain,Middle East & Africa,Egypt,South Africa,Israel,Turkey,GCC Countries
Americas,United States,Canada,Mexico,Brazil,APAC,China,Japan,Korea,Southeast Asia,India,Australia,Europe,Germany,France,UK,Italy,Russia,Spain,Middle East & Africa,Egypt,South Africa,Israel,Turkey,GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Gokul Refoils and Solvent (GRSL),NK Proteins,Kisan Agro,Girnar Industries,Kanak Castor Products,BOM,Shivam Agro,Adya Oils & Chemicals (AOCL),Shivam Castor Products (SCPL),Thai Castor Oil (TCO Group),Itoh Oil Chemicals,Azevedo Industria,Hokoku Corporation,Tongliao Weiyu,Tianxing Group,Yellow River Oil,Guohua Oil,Qianjin Oil
Gokul Refoils and Solvent (GRSL),NK Proteins,Kisan Agro,Girnar Industries,Kanak Castor Products,BOM,Shivam Agro,Adya Oils & Chemicals (AOCL),Shivam Castor Products (SCPL),Thai Castor Oil (TCO Group),Itoh Oil Chemicals,Azevedo Industria,Hokoku Corporation,Tongliao Weiyu,Tianxing Group,Yellow River Oil,Guohua Oil,Qianjin Oil
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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Research objectives
To study and analyze the global Castor consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Castor market by identifying its various subsegments.
Focuses on the key global Castor manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Castor with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Castor submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
To study and analyze the global Castor consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Castor market by identifying its various subsegments.
Focuses on the key global Castor manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Castor with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Castor submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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