Average Castor Seed Prices – Dec 2017 – (US $702/MT); Average Castor Oil Prices – Dec 2017 – (US $1484/MT); Average Castor Meal Prices – Dec 2017 – (US $72/MT)

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Castor Oil Market Introduction in Global

Posted on June 13, 2018 by Gayathri

Castor oil is a pale yellow vegetable oil that is extracted from castor seeds. Castor oil is mainly used in preservative, medicine, lubrication etc.

Asia Pacific is the largest consumer of castor oil and is expected to retain the higher growth rate during the next few years due to strong growth in pharmaceuticals and cosmetics industry. China and India have witnessed a major chunk of the production and consumption of castor oil in the Asia Pacific region.castor-oil-800067

The castor oil market in Europe is growing on the back of rising demand of bio based cosmetic production, whereas the demand for castor oil in North America is driven by the strong consumption of biodiesel.

The worldwide market for Castor Oil is expected to grow at a CAGR of roughly 4.1% over the next five years, will reach 1500 million US$ in 2023, from 1180 million US$ in 2017.

Source

This entry was posted in Castor Oil - Market and tagged castor market, castor oil by Gayathri. Bookmark the permalink.

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CastorOil.in ( http://www.castoroil.in/ ) provides comprehensive resources related to castor plant, castor bean, castor oil, castor derivatives & castor-based oleochemicals. In addition to details and resources, CastorOil.in also provides over five hundred web links to the various aspects of the castor crop and castor oil.

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