The castor oil and derivative market has been steadily expanding due to its versatile applications in industries such as pharmaceuticals, cosmetics, biodiesel, lubricants, and plastics. Extracted from the seeds of the castor plant (Ricinus communis), castor oil is a renewable resource known for its unique chemical properties, including a high ricinoleic acid content, which...

Recently, the demand for eco-friendly products has increased due to consumer preference for sustainable goods and services. Steady growth in consumers’ purchasing power, coupled with the commercialization of organic substances, is also helping to shape consumer perception in favor of natural products. Against this backdrop, the castor oil and derivatives market is poised to observe...

Global Castor Oil & Derivatives Market Insights Global Castor Oil & Derivatives Market size was valued at USD 1.3 billion in 2021 and is poised to grow from USD 1.43 billion in 2022 to USD 1.98 billion by 2030, growing at a CAGR of 4.8% in the forecast period (2023-2030). Numerous industrial applications are driving significant expansion in the worldwide castor oil and derivatives...