Market Overview:
The Europe castor oil market size reached 288.0 Kilo Tons in 2023. Looking forward, IMARC Group expects the market to reach 327.5 Kilo Tons by 2032, exhibiting a growth rate (CAGR) of 1.4% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
288.0 Kilo Tons |
Market Forecast in 2032
|
327.5 Kilo Tons |
Market Growth Rate 2024-2032 |
1.4% |
Castor oil is extracted from an oilseed crop and mainly cultivated in arid and semi-arid regions. It has a high ricinoleic acid content and offers remarkable lubrication properties. Consequently, it is widely utilized in the production of pharmaceuticals, perfumes, medicines, soaps, surface coatings, toiletries and cosmetics. It is also employed in the healthcare industry for manufacturing medicines that are effective in treating constipation. At present, there is a considerable rise in the demand for castor oil and its derivatives, such as hydrogenated oil (HCO), in Europe.
The rising utilization of castor oil for relieving various health problems, along with its therapeutic, preventive and curative properties, is propelling the market growth in Europe. Apart from this, due to its anti-bacterial and anti-inflammatory attributes, castor oil is widely utilized as a massage oil for easing arthritic joints, nerve inflammation and sore muscles. However, the coronavirus disease (COVID-19) outbreak and lockdowns in different parts of the region have negatively impacted the operations of the various manufacturing units. The market is anticipated to experience growth once lockdown restrictions are reduced.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Europe castor oil market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on end use.
Breakup by End Use:
- Pharmaceuticals
- Lubricants
- Paints
- Soaps
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million, '000 Tons |
Segment Coverage |
End Use, Country |
Countries Covered |
Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Europe castor oil market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Europe castor oil market?
- What are the key regional markets?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Europe castor oil market and who are the key players?
- What is the degree of competition in the industry?