Nowadays, businesses get highly benefited with the different segments covered in the Castor Oil Market research report which provides better market insights to them with which they can drive the business into right direction. Market drivers and market restraints help businesses to get idea about the production strategy. The report helps strengthen organization and make better decisions for driving business on the right track.
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In addition, the years considered for the study are as follows:
Historical year – 2013-2018 | Base year – 2018 | Forecast period – 2019 to 2026
The Major players profiled in this report include N.K.Proteins Pvt Limited., JAYANT AGRO-ORGANICS LIMITED., AMBUJA solvex pvt. ltd., Adani Group, Wilmar International Ltd, www.rpkagrotech.com, Gokulrefoil, Adya Oils & Chemicals Ltd., www.tajagroproducts.com, Girnar Industries, Kisan Agro., Gokul Agro Resource Ltd., ITOH OIL CHEMICALS CO., LTD., HOKOKU Co.,Ltd., NK Industries Limited. and others.
Global Castor Oil Market: Segment Analysis
- By Product Type (Cold Pressed Castor Oil, Hydrogenated Castor Oil, Jamaican Black Castor Oil, Dehydrated Castor Oil, Others),
- Application (Lubricants, Biodiesel, Cosmetics & Pharmaceuticals, Plastics & Resins, Others),
- End-Use (Chemical Industry, Pharmaceutical, Cosmetic & Personal Care, Food & Beverage)
- Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Traditional Grocery Stores, Discount Stores, Specialty Stores, Online Retail)
Unique structure of the report
Global castor oil market is projected to rise to USD 1678.10 million by 2026, undergoing with a steady CAGR in the forecast period of 2019-2026. The rise in the market value can be attributed to the growing demand for biodegradable products and its derivatives in major end-use industries.
Castor oil is a type of plant oil that is pressed from castor beans. Castor oil is colourless to almost pale yellow colour, and has a unique taste and scent. It has multi-purpose usage, and is used in several industries like cosmetics, food, medicinal, plastics and resins, chemicals, plastics, lubricants etc. It is most commonly used for skin and hair development. Castor oil shows high density, powerful thermal conductivity, which has resulted in it being used in soaps, cosmetics, paints, dyes, inks etc.
Highlights following MARKET DRIVERS AND RESTRAINT:
- The multi-purpose usage of castor oil serves as a major driver contributing towards its growth. It serves as a major raw material in manufacturing of several end products such as lubricants, oil, adhesives, because of its chemical uniqueness
- Castor oil is has more health benefits and is a cheaper alternative. Hence, it has obtained a substantial stand in food processing, flavouring, adhesives
- Continual fluctuation in prices of castor seed as a result of unstable supply chain is expected to hinder the growth of the overall market.
- Lack of credibility has limited their use to small proportions of farmers
In May 2019, Patanjali Ayurved announced that they had acquired Ruchi Soya for an insolvency auction bid of approximately Rupees 4,325 crores. This acquisition is expected to improve their capabilities especially in offering oil-based products, due to the manufacturing plants associated with Ruchi Soya.
In 2016, Adani Wilmar Ltd announced that they had entered into a joint venture with Ruchi Soya, a company of edible oil maker to become one of India’s leading consumer goods companies. This would benefit to their procurement, marketing, sales and distribution businesses together for products such as grains, oil seeds, soya foods, oleochemicals, biodiesel and castor oil.
Research Methodology: Global Castor Oil Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Most important Highlights of TOC:
1 Introduction of Castor Oil Market
1.1 Overview of the Market
1.2 Scope of Report
2 Exclusive Summary
3 Research Methodology
3.1 Primary Interviews
3.2 Data Mining
3.4 List of Statistics
4 Castor Oil Market Segment & Geographic Analysis
4.1 By Type [2013-2026]
4.2 By Application [2013-2026]
4.3 By Region [2013-2026]
5 Castor Oil Market Outlook
5.2 Market Dynamics
5.3 Porter’s Five Force Model
5.4 Value Chain Analysis
6 Castor Oil Market Competitive Landscape
6.2 Key Development Policies
6.3 Company Market Standing
Browse Full Report with Facts and Figures of Castor Oil Market Report at: https://www.databridgemarketresearch.com/toc/?dbmr=global-castor-oil-market
At the Last, Castor Oil industry report focuses on data sources, viz. primary and secondary sources, market breakdown and data triangulation, market size estimation, research programs, and design, research approach and methodology, and the publisher’s disclaimer.
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