The global castor oil market reached a volume of 740.5 Kilo Tons in 2020. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.

Castor oil is a multi-purpose vegetable oil extracted from castor beans that are found in the tropical areas of Africa and Asia. It is pale-yellow in color with translucent texture and a mild odor. Castor oil is rich in proteins, Vitamin E, and omega-6 and 9, ricinoleic, monounsaturated and 18-carbon fatty acids.

Global Castor Oil Market Trends:

The primary factor driving the global castor oil market is the increasing awareness among consumers regarding the benefits of castor oil. It has antimicrobial, anti-inflammatory, and moisturizing properties, which make it ideal for naturally treating hair fall, pre-mature greying and other scalp- and skin-related problems.

Besides this, castor oil is a healthier and less expensive alternative to the other vegetable oils. On account of this, it is widely utilized in the food industry in the form of flavorings, mold inhibitors, food additives and packaging. Moreover, castor oil acts as a raw material in the production of biodiesel, polyurethane adhesives, machine oils, and refrigeration lubricants.

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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Castor Oil Market Segmentation:

Performance of Key Regions

China

Europe

India

United States

Brazil

Others

Market Breakup by End-Use

Pharmaceuticals

Lubricants

Paints

Soaps

Others

Some of the major players operating in the castor oil industry include Adani Wilmar, Jayant Agro-Organics Ltd. (JAYAGROGN), Gokul Overseas, Kandla Agro & Chemicals and Others.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/castor-oil-manufacturing-plant

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