Global Castor Market Report
Market Overview
Castor beans, the fruit of the castor plant, are primarily cultivated for castor oil, which typically contains 40–60% oil content. India, China, and Brazil dominate global castor bean cultivation, with India accounting for over 70% of global production. Castor oil is widely used across food, pharmaceuticals, cosmetics, and industrial applications due to its versatility and unique chemical properties.
The global castor market was valued at USD 1,060 million in 2017 and is projected to reach USD 1,130 million by 2025, growing at a modest CAGR of 0.8%. Long-term growth is expected to be supported by rising demand in food processing, bio-based chemicals, and sustainable materials.
Key Players
- Gokul Refoils and Solvent (GRSL)
- NK Proteins
- Kisan Agro
- Girnar Industries
- Kanak Castor Products
- 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
- Jayant Agro-Organics Ltd.
- RPK Agrotech
- Gujarat Ambuja Exports Ltd.
- Bom Agro Products
Market Segmentation
By Product Type
- Commercial Castor Oil
- Refined Castor Oil
- Pale Pressed Refined Castor Oil
- Hydrogenated Castor Oil
- Dehydrated Castor Oil
- Others
By Application
- Food Industry (flavoring, additives, packaging)
- Pharmaceuticals (drug formulations, excipients)
- Cosmetics & Personal Care (emollients, moisturizers)
- Industrial (lubricants, coatings, plastics, bio-polymers)
- Others (paints, adhesives, specialty chemicals)
By Region
- North America
- Europe
- Asia-Pacific (China, India, Japan, Southeast Asia)
- Middle East & Africa
- Central & South America
Regional Analysis
- Asia-Pacific: India leads global production, supported by strong export demand. China shows rapid growth in downstream industries such as chemicals and cosmetics.
- Europe: Demand driven by pharmaceuticals, cosmetics, and bio-based materials.
- North America: Growth supported by industrial applications and bio-based lubricants.
- South America: Brazil is a key producer, with rising domestic consumption.
- Middle East & Africa: Emerging demand in industrial and food sectors, though production is limited.
Porter’s Five Forces
- Threat of New Entrants – Moderate (agriculture-based entry possible, but processing requires capital and expertise).
- Bargaining Power of Suppliers – High (farmers and regional cooperatives control raw bean supply).
- Bargaining Power of Buyers – Moderate to High (industrial buyers demand quality and competitive pricing).
- Threat of Substitutes – Moderate (synthetic oils and other vegetable oils can replace castor oil in some applications).
- Industry Rivalry – High (intense competition among Indian and Chinese producers).
SWOT Analysis
Strengths
- Versatile applications across multiple industries
- Strong production base in India
- Renewable and sustainable raw material
Weaknesses
- Price volatility due to crop dependency
- Limited cultivation regions
- Relatively slow global CAGR
Opportunities
- Rising demand for bio-based chemicals and polymers
- Expansion in cosmetics and personal care markets
- Growth in pharmaceuticals and nutraceuticals
Threats
- Substitution by synthetic alternatives
- Climate variability affecting crop yields
- Regulatory challenges in food and pharma sectors
Trend Analysis
- Increasing use of castor oil in bio-based plastics and polymers.
- Rising demand in cosmetics and personal care for natural emollients.
- Expansion of pharmaceutical applications (drug delivery, excipients).
- Growth in industrial lubricants and coatings.
- Shift toward sustainable agriculture and renewable raw materials.
Drivers & Challenges
Drivers
- Rising demand in food and cosmetics industries
- Strong export base from India
- Increasing adoption of bio-based chemicals
- Growth in pharmaceuticals and nutraceuticals
Challenges
- Dependence on limited cultivation regions
- Price fluctuations due to crop yields
- Competition from synthetic substitutes
- Regulatory hurdles in international markets
Value Chain Analysis
- Cultivation – Castor bean farming (India, China, Brazil).
- Processing – Oil extraction and refining.
- Manufacturing – Conversion into derivatives (hydrogenated oil, polymers, lubricants).
- Distribution – Exporters, traders, wholesalers.
- End Users – Food, pharma, cosmetics, industrial sectors.
Quick Recommendations for Stakeholders
- Manufacturers: Diversify product portfolio into high-value derivatives (bio-polymers, hydrogenated oils).
- Investors: Focus on Asia-Pacific, especially India and China, for production and downstream growth.
- Policy Makers: Support sustainable farming practices and incentivize bio-based industries.
- End Users: Leverage castor oil’s versatility for cost-effective, eco-friendly solutions.
- Supply Chain Partners: Strengthen logistics and distribution networks to reduce volatility.
Table of Contents
Global Castor Market Professional Survey Report
1 Industry Overview of Castor
1.1 Definition and Specifications of Castor
1.1.1 Definition of Castor
1.1.2 Specifications of Castor
1.2 Classification of Castor
1.2.1 Commercial Castor Oil
1.2.2 Refined Castor Oil
1.2.3 Pale Pressed Refined Castor Oil
1.2.4 Others
1.3 Applications of Castor
1.3.1 Food Industry
1.3.2 Industrial
1.3.3 Others
1.4 Market Segment by Regions
1.4.1 North America
1.4.2 Europe
1.4.3 China
1.4.4 Japan
1.4.5 Southeast Asia
1.4.6 India
2 Manufacturing Cost Structure Analysis of Castor
2.1 Raw Material and Suppliers
2.2 Manufacturing Cost Structure Analysis of Castor
2.3 Manufacturing Process Analysis of Castor
2.4 Industry Chain Structure of Castor
3 Technical Data and Manufacturing Plants Analysis of Castor
3.1 Capacity and Commercial Production Date of Global Castor Major Manufacturers in
3.2 Manufacturing Plants Distribution of Global Castor Major Manufacturers in
3.3 R&D Status and Technology Source of Global Castor Major Manufacturers in
3.4 Raw Materials Sources Analysis of Global Castor Major Manufacturers in
4 Global Castor Overall Market Overview
4.1 -E Overall Market Analysis
4.2 Capacity Analysis
4.2.1 -E Global Castor Capacity and Growth Rate Analysis
4.2.2 Castor Capacity Analysis (Company Segment)
4.3 Sales Analysis
4.3.1 -E Global Castor Sales and Growth Rate Analysis
4.3.2 Castor Sales Analysis (Company Segment)
4.4 Sales Price Analysis
4.4.1 -E Global Castor Sales Price
4.4.2 Castor Sales Price Analysis (Company Segment)
5 Castor Regional Market Analysis
5.1 North America Castor Market Analysis
5.1.1 North America Castor Market Overview
5.1.2 North America -E Castor Local Supply, Import, Export, Local Consumption Analysis
5.1.3 North America -E Castor Sales Price Analysis
5.1.4 North America Castor Market Share Analysis
5.2 Europe Castor Market Analysis
5.2.1 Europe Castor Market Overview
5.2.2 Europe -E Castor Local Supply, Import, Export, Local Consumption Analysis
5.2.3 Europe -E Castor Sales Price Analysis
5.2.4 Europe Castor Market Share Analysis
5.3 China Castor Market Analysis
5.3.1 China Castor Market Overview
5.3.2 China -E Castor Local Supply, Import, Export, Local Consumption Analysis
5.3.3 China -E Castor Sales Price Analysis
5.3.4 China Castor Market Share Analysis
5.4 Japan Castor Market Analysis
5.4.1 Japan Castor Market Overview
5.4.2 Japan -E Castor Local Supply, Import, Export, Local Consumption Analysis
5.4.3 Japan -E Castor Sales Price Analysis
5.4.4 Japan Castor Market Share Analysis
5.5 Southeast Asia Castor Market Analysis
5.5.1 Southeast Asia Castor Market Overview
5.5.2 Southeast Asia -E Castor Local Supply, Import, Export, Local Consumption Analysis
5.5.3 Southeast Asia -E Castor Sales Price Analysis
5.5.4 Southeast Asia Castor Market Share Analysis
5.6 India Castor Market Analysis
5.6.1 India Castor Market Overview
5.6.2 India -E Castor Local Supply, Import, Export, Local Consumption Analysis
5.6.3 India -E Castor Sales Price Analysis
5.6.4 India Castor Market Share Analysis
6 Global -E Castor Segment Market Analysis (by Type)
6.1 Global -E Castor Sales by Type
6.2 Different Types of Castor Product Interview Price Analysis
6.3 Different Types of Castor Product Driving Factors Analysis
6.3.1 Commercial Castor Oil Growth Driving Factor Analysis
6.3.2 Refined Castor Oil Growth Driving Factor Analysis
6.3.3 Pale Pressed Refined Castor Oil Growth Driving Factor Analysis
6.3.4 Others Growth Driving Factor Analysis
7 Global -E Castor Segment Market Analysis (by Application)
7.1 Global -E Castor Consumption by Application
7.2 Different Application of Castor Product Interview Price Analysis
7.3 Different Application of Castor Product Driving Factors Analysis
7.3.1 Food Industry of Castor Growth Driving Factor Analysis
7.3.2 Industrial of Castor Growth Driving Factor Analysis
7.3.3 Others of Castor Growth Driving Factor Analysis
8 Major Manufacturers Analysis of Castor
8.1 Gokul Refoils and Solvent (GRSL)
8.1.1 Company Profile
8.1.2 Product Picture and Specifications
8.1.2.1 Product A
8.1.2.2 Product B
8.1.3 Gokul Refoils and Solvent (GRSL) Castor Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.1.4 Gokul Refoils and Solvent (GRSL) Castor Business Region Distribution Analysis
8.2 NK Proteins
8.2.1 Company Profile
8.2.2 Product Picture and Specifications
8.2.2.1 Product A
8.2.2.2 Product B
8.2.3 NK Proteins Castor Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.2.4 NK Proteins Castor Business Region Distribution Analysis
8.3 Kisan Agro
8.3.1 Company Profile
8.3.2 Product Picture and Specifications
8.3.2.1 Product A
8.3.2.2 Product B
8.3.3 Kisan Agro Castor Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.3.4 Kisan Agro Castor Business Region Distribution Analysis
8.4 Girnar Industries
8.4.1 Company Profile
8.4.2 Product Picture and Specifications
8.4.2.1 Product A
8.4.2.2 Product B
8.4.3 Girnar Industries Castor Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.4.4 Girnar Industries Castor Business Region Distribution Analysis
8.5 Kanak Castor Products
8.5.1 Company Profile
8.5.2 Product Picture and Specifications
8.5.2.1 Product A
8.5.2.2 Product B
8.5.3 Kanak Castor Products Castor Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.5.4 Kanak Castor Products Castor Business Region Distribution Analysis
8.6 BOM
8.6.1 Company Profile
8.6.2 Product Picture and Specifications
8.6.2.1 Product A
8.6.2.2 Product B
8.6.3 BOM Castor Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.6.4 BOM Castor Business Region Distribution Analysis
8.7 Shivam Agro
8.7.1 Company Profile
8.7.2 Product Picture and Specifications
8.7.2.1 Product A
8.7.2.2 Product B
8.7.3 Shivam Agro Castor Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.7.4 Shivam Agro Castor Business Region Distribution Analysis
8.8 Adya Oils & Chemicals (AOCL)
8.8.1 Company Profile
8.8.2 Product Picture and Specifications
8.8.2.1 Product A
8.8.2.2 Product B
8.8.3 Adya Oils & Chemicals (AOCL) Castor Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.8.4 Adya Oils & Chemicals (AOCL) Castor Business Region Distribution Analysis
8.9 Shivam Castor Products (SCPL)
8.9.1 Company Profile
8.9.2 Product Picture and Specifications
8.9.2.1 Product A
8.9.2.2 Product B
8.9.3 Shivam Castor Products (SCPL) Castor Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.9.4 Shivam Castor Products (SCPL) Castor Business Region Distribution Analysis
8.10 Thai Castor Oil (TCO Group)
8.10.1 Company Profile
8.10.2 Product Picture and Specifications
8.10.2.1 Product A
8.10.2.2 Product B
8.10.3 Thai Castor Oil (TCO Group) Castor Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.10.4 Thai Castor Oil (TCO Group) Castor Business Region Distribution Analysis
8.11 Itoh Oil Chemicals
8.12 Azevedo Industria
8.13 Hokoku Corporation
8.14 Tongliao Weiyu
8.15 Tianxing Group
8.16 Yellow River Oil
8.17 Guohua Oil
8.18 Qianjin Oil
9 Development Trend of Analysis of Castor Market
9.1 Global Castor Market Trend Analysis
9.1.1 Global -2025 Castor Market Size (Volume and Value) Forecast
9.1.2 Global -2025 Castor Sales Price Forecast
9.2 Castor Regional Market Trend
9.2.1 North America -2025 Castor Consumption Forecast
9.2.2 Europe -2025 Castor Consumption Forecast
9.2.3 China -2025 Castor Consumption Forecast
9.2.4 Japan -2025 Castor Consumption Forecast
9.2.5 Southeast Asia -2025 Castor Consumption Forecast
9.2.6 India -2025 Castor Consumption Forecast
9.3 Castor Market Trend (Product Type)
9.4 Castor Market Trend (Application)
10 Castor Marketing Type Analysis
10.1 Castor Regional Marketing Type Analysis
10.2 Castor International Trade Type Analysis
10.3 Traders or Distributors with Contact Information of Castor by Region
10.4 Castor Supply Chain Analysis
11 Consumers Analysis of Castor
11.1 Consumer 1 Analysis
11.2 Consumer 2 Analysis
11.3 Consumer 3 Analysis
11.4 Consumer 4 Analysis
12 Conclusion of the Global Castor Market Professional Survey Report
Methodology
Analyst Introduction
Data Source
List of Tables and Figures
Figure Picture of Castor
Table Product Specifications of Castor
Table Classification of Castor
Figure Global Production Market Share of Castor by Type in
Figure Commercial Castor Oil Picture
Table Major Manufacturers of Commercial Castor Oil
Figure Refined Castor Oil Picture
Table Major Manufacturers of Refined Castor Oil
Figure Pale Pressed Refined Castor Oil Picture
Table Major Manufacturers of Pale Pressed Refined Castor Oil
Figure Others Picture
Table Major Manufacturers of Others
Table Applications of Castor
Figure Global Consumption Volume Market Share of Castor by Application in
Figure Food Industry Examples
Table Major Consumers in Food Industry
Figure Industrial Examples
Table Major Consumers in Industrial
Figure Others Examples
Table Major Consumers in Others
Figure Market Share of Castor by Regions
Figure North America Castor Market Size (Million USD) (-2025)
Figure Europe Castor Market Size (Million USD) (-2025)
Figure China Castor Market Size (Million USD) (-2025)
Figure Japan Castor Market Size (Million USD) (-2025)
Figure Southeast Asia Castor Market Size (Million USD) (-2025)
Figure India Castor Market Size (Million USD) (-2025)
Table Castor Raw Material and Suppliers
Table Manufacturing Cost Structure Analysis of Castor in
Figure Manufacturing Process Analysis of Castor
Figure Industry Chain Structure of Castor
Table Capacity and Commercial Production Date of Global Castor Major Manufacturers in
Table Manufacturing Plants Distribution of Global Castor Major Manufacturers in
Table R&D Status and Technology Source of Global Castor Major Manufacturers in
Table Raw Materials Sources Analysis of Global Castor Major Manufacturers in
Table Global Capacity, Sales , Price, Cost, Sales Revenue (M USD) and Gross Margin of Castor -E
Figure Global -E Castor Market Size (Volume) and Growth Rate
Figure Global -E Castor Market Size (Value) and Growth Rate
Table -E Global Castor Capacity and Growth Rate
Table Global Castor Capacity (MT) List (Company Segment)
Table -E Global Castor Sales (MT) and Growth Rate
Table Global Castor Sales (MT) List (Company Segment)
Table -E Global Castor Sales Price (USD/MT)
Table Global Castor Sales Price (USD/MT) List (Company Segment)
Figure North America Capacity Overview
Table North America Supply, Import, Export and Consumption (MT) of Castor -E
Figure North America -E Castor Sales Price (USD/MT)
Figure North America Castor Sales Market Share
Figure Europe Capacity Overview
Table Europe Supply, Import, Export and Consumption (MT) of Castor -E
Figure Europe -E Castor Sales Price (USD/MT)
Figure Europe Castor Sales Market Share
Figure China Capacity Overview
Table China Supply, Import, Export and Consumption (MT) of Castor -E
Figure China -E Castor Sales Price (USD/MT)
Figure China Castor Sales Market Share
Figure Japan Capacity Overview
Table Japan Supply, Import, Export and Consumption (MT) of Castor -E
Figure Japan -E Castor Sales Price (USD/MT)
Figure Japan Castor Sales Market Share
Figure Southeast Asia Capacity Overview
Table Southeast Asia Supply, Import, Export and Consumption (MT) of Castor -E
Figure Southeast Asia -E Castor Sales Price (USD/MT)
Figure Southeast Asia Castor Sales Market Share
Figure India Capacity Overview
Table India Supply, Import, Export and Consumption (MT) of Castor -E
Figure India -E Castor Sales Price (USD/MT)
Figure India Castor Sales Market Share
Table Global -E Castor Sales (MT) by Type
Table Different Types Castor Product Interview Price
Table Global -E Castor Sales (MT) by Application
Table Different Application Castor Product Interview Price
Table Gokul Refoils and Solvent (GRSL) Information List
Table Product Overview
Table Gokul Refoils and Solvent (GRSL) Castor Revenue (Million USD), Sales (MT), Ex-factory Price (USD/MT)
Figure Gokul Refoils and Solvent (GRSL) Castor Business Region Distribution
Table NK Proteins Information List
Table Product Overview
Table NK Proteins Castor Revenue (Million USD), Sales (MT), Ex-factory Price (USD/MT)
Figure NK Proteins Castor Business Region Distribution
Table Kisan Agro Information List
Table Product Overview
Table Kisan Agro Castor Revenue (Million USD), Sales (MT), Ex-factory Price (USD/MT)
Figure Kisan Agro Castor Business Region Distribution
Table Girnar Industries Information List
Table Product Overview
Table Girnar Industries Castor Revenue (Million USD), Sales (MT), Ex-factory Price (USD/MT)
Figure Girnar Industries Castor Business Region Distribution
Table Kanak Castor Products Information List
Table Product Overview
Table Kanak Castor Products Castor Revenue (Million USD), Sales (MT), Ex-factory Price (USD/MT)
Figure Kanak Castor Products Castor Business Region Distribution
Table BOM Information List
Table Product Overview
Table BOM Castor Revenue (Million USD), Sales (MT), Ex-factory Price (USD/MT)
Figure BOM Castor Business Region Distribution
Table Shivam Agro Information List
Table Product Overview
Table Shivam Agro Castor Revenue (Million USD), Sales (MT), Ex-factory Price (USD/MT)
Figure Shivam Agro Castor Business Region Distribution
Table Adya Oils & Chemicals (AOCL) Information List
Table Product Overview
Table Adya Oils & Chemicals (AOCL) Castor Revenue (Million USD), Sales (MT), Ex-factory Price (USD/MT)
Figure Adya Oils & Chemicals (AOCL) Castor Business Region Distribution
Table Shivam Castor Products (SCPL) Information List
Table Product Overview
Table Shivam Castor Products (SCPL) Castor Revenue (Million USD), Sales (MT), Ex-factory Price (USD/MT)
Figure Shivam Castor Products (SCPL) Castor Business Region Distribution
Table Thai Castor Oil (TCO Group) Information List
Table Product Overview
Table Thai Castor Oil (TCO Group) Castor Revenue (Million USD), Sales (MT), Ex-factory Price (USD/MT)
Figure Thai Castor Oil (TCO Group) Castor Business Region Distribution
Table Itoh Oil Chemicals Information List
Table Azevedo Industria Information List
Table Hokoku Corporation Information List
Table Tongliao Weiyu Information List
Table Tianxing Group Information List
Table Yellow River Oil Information List
Table Guohua Oil Information List
Table Qianjin Oil Information List
Figure Global -2025 Castor Market Size (MT) and Growth Rate Forecast
Figure Global -2025 Castor Market Size (Million USD) and Growth Rate Forecast
Figure Global -2025 Castor Sales Price (USD/MT) Forecast
Figure North America -2025 Castor Consumption Volume (MT) and Growth Rate Forecast
Figure China -2025 Castor Consumption Volume (MT) and Growth Rate Forecast
Figure Europe -2025 Castor Consumption Volume (MT) and Growth Rate Forecast
Figure Southeast Asia -2025 Castor Consumption Volume (MT) and Growth Rate Forecast
Figure Japan -2025 Castor Consumption Volume (MT) and Growth Rate Forecast
Figure India -2025 Castor Consumption Volume (MT) and Growth Rate Forecast
Table Global Sales Volume (MT) of Castor by Type -2025
Table Global Consumption Volume (MT) of Castor by Application -2025
Table Traders or Distributors with Contact Information of Castor by Region
Key Players
- Gokul Refoils and Solvent (GRSL)
- NK Proteins
- Kisan Agro
- Girnar Industries
- Kanak Castor Products
- 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
- Jayant Agro-Organics Ltd.
- RPK Agrotech
- Gujarat Ambuja Exports Ltd.
- Bom Agro Products
Market Segmentation
By Product Type
- Commercial Castor Oil
- Refined Castor Oil
- Pale Pressed Refined Castor Oil
- Hydrogenated Castor Oil
- Dehydrated Castor Oil
- Others
By Application
- Food Industry (flavoring, additives, packaging)
- Pharmaceuticals (drug formulations, excipients)
- Cosmetics & Personal Care (emollients, moisturizers)
- Industrial (lubricants, coatings, plastics, bio-polymers)
- Others (paints, adhesives, specialty chemicals)
By Region
- North America
- Europe
- Asia-Pacific (China, India, Japan, Southeast Asia)
- Middle East & Africa
- Central & South America
