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市場調查報告書
商品編碼
1394205
全球蓖麻油市場評估:依產品類型、應用、通路、地區、機會、預測(2016-2030)Castor Oil Market Assessment, By Product Type, By Application, By Distribution Channel, By Region, Opportunities, and Forecast, 2016-2030F |
全球蓖麻油市場規模預計將從 2022 年的 13.5 億美元增至 2030 年的 19.8 億美元,在 2023-2030 年預測期內複合年增長率為 4.9%。 隨著消費者偏好的變化和趨勢轉向植物性化妝品成分,預計未來幾年蓖麻油的需求將會很大。 此外,蓖麻油廣泛用於生產生質柴油和其他生物基產品,預計將成為越來越受歡迎的再生能源。 蓖麻油的特性使其具有高度通用性,能夠適應不斷變化的消費者和行業趨勢,從而能夠抵禦供應鏈中斷和地緣政治不確定性等外部因素。
印度是蓖麻油生產的世界領導者。 2021-2022年蓖麻油產量為160萬噸,2022-2023年產量增加15%至190萬噸。 產量的增加歸因於種植面積的增加和水資源供應的改善。 此外,印度目前的蓖麻油出口量比 2018 年更多,從 547,000 噸增至 2021 年的 685,000 噸以上,佔全球供應量的近 90%。 然而,印度生產商和出口商儘管幾乎是蓖麻產品的獨家生產商,但由於各種內部和外部風險,價格波動頻繁。 這凸顯了價格風險管理的必要性。
作為全球健康生活運動的一部分,隨著消費者越來越喜歡天然和有機產品,蓖麻油變得越來越受歡迎。 隨著消費者越來越意識到無化學替代品的好處,尤其是在化妝品和個人護理產品中,對蓖麻油的需求正在增加。 蓖麻油是一種以其天然特性而聞名的永續植物替代品,作為化妝品成分越來越受歡迎。 蓖麻油環保且用途廣泛,使其受到重視產品成分透明度的消費者的追捧。 這符合人們日益追求清潔和有機生活方式的趨勢。
蓖麻油逐漸被稱為可再生資源,這與全球永續發展運動是一致的。 消費者對生物基產品的認識和偏好增加了各種應用中對蓖麻油的需求。 其一個重要應用是用作生物柴油生產的原料,從而支持再生能源產業。 蓖麻油是一種用途廣泛且環保的解決方案,可以幫助各國實現更清潔、更環保的能源目標。 它還在推動世界再生能源努力和生物基產品的開發方面發揮著重要作用。
2023 年 7 月,Evogene Ltd. 子公司 Casterra Ag Ltd. 宣布將向非洲供應價值 220 萬美元的蓖麻種子。 這些蓖麻籽將用於生產可持續生物燃料的油。
COVID-19大流行對蓖麻油市場產生了重大影響,帶來了挑戰和機會。 最初的全球供應鏈中斷和經濟衰退導致工業活動下降,影響了化學品和製造業等行業對蓖麻油的需求。 封鎖和限制也阻礙了農業活動,影響了蓖麻油的種植和生產。 然而,由於大流行,人們對健康和保健的關注推動了製藥和個人護理行業對天然和有機產品(包括蓖麻油)的需求。 隨著世界適應新常態,蓖麻油市場由於其多功能用途、生物基性質以及各行業對可持續和環保解決方案的認識不斷增強而正在復蘇。 隨著消費者偏好的變化和全球經濟活動的再次復甦,後 COVID-19 時代是蓖麻油市場復甦和繁榮的機會。
本報告研究分析了全球蓖麻油市場,提供市場規模和預測、市場動態、主要參與者的現狀和前景等。
Global castor oil market size was valued at USD 1.35 billion in 2022, expected to reach USD 1.98 billion in 2030, with a CAGR of 4.9% for the forecast period between 2023 and 2030. With changing consumer preferences and shifting trends toward plant-based cosmetic ingredients, castor oil is expected to witness higher demand in the coming years. Additionally, castor oil is highly used to make biodiesel and other biobased products and is expected to become more prevalent as a renewable energy source. With its properties, castor oil has a wide range of uses and can adapt to shifting consumer and industrial trends, it is a product resistant to external factors such as supply chain disruptions and geopolitical uncertainty.
The therapeutic approach of castor oil is also creating a demand from the pharmaceutical industry. Castor oil's acute impact extends into the pharmaceutical industry, where its versatile properties are harnessed for medicinal purposes. Renowned for its therapeutic qualities, castor oil is a key ingredient in pharmaceutical laxatives, offering a natural remedy with time-tested effectiveness. Embraced for its dual role in promoting health and enhancing overall wellbeing, castor oil remains a versatile cornerstone in pharmaceutical sector.
India is the global leader in castor oil production. During 2021-2022, 1.6 million tons of castor oil was produced in the country, which increased by 15% to reach 1.9 million tons in 2022-2023. The improved yields can be attributed to higher acreage and better water availability. Furthermore, India now exports more castor oil than in 2018, from 547,000 tonnes to over 685,000 tonnes in 2021, nearly 90% of the global supply. However, Indian growers and exporters are frequently exposed to price volatility due to various internal and external risks, despite being near-monopoly producers of Castor products. This highlights the need for price risk management.
Castor oil is becoming increasingly popular due to consumers' preference for natural and organic products as part of a global movement towards healthier living. Castor oil demand is rising, particularly in cosmetics and personal care products, as consumers become more conscious of the advantages of chemical-free alternatives. Being a plant-based sustainable substitute and known for its natural qualities, Castor oil is becoming a popular ingredient in cosmetic products known for its natural qualities. Castor oil's eco-friendliness and versatility make it a sought-after option for consumers who value transparency in product ingredients. This aligns with the growing trend of people adopting clean and organic lifestyles.
For instance, Sugar Beauty showed the properties of castor oil as it is well known for strengthening and moisturizing the hair and is also known for treating thin brows and sparse lashes. Further, it is stated that it contains a rich combination of proteins, fatty acids, and antioxidants derived from castor beans that provides a shining feel in skincare, haircare, and cosmetics. Through its properties, it has created a major position as it acts like a moisturizer to the skin and has anti-inflammatory and antibacterial properties that can help the skin, hairs and scalp.
In the chemical industry, castor oil is essential because it is a flexible raw material that can be used to create important compounds. Its contributions include synthesizing derivatives like polyesters and polyamides and important chemicals like undecylenic acid and sebacic acid. Castor oil has unique qualities that make it a valuable lubricant in high-performance machinery, in addition to its chemical applications. Castor oil is superior to conventional lubricants due to its high viscosity and heat resistance, making it useful in demanding operating conditions. This dual use in industrial lubrication and chemical synthesis highlights the importance of castor oil as a multipurpose resource that enhances the effectiveness and functionality of various industrial processes.
For instance, castor oil is one of the world's most versatile oilseeds that is used in multiple industries. The by-products of castor oil are used in more than 700 products, ranging from nylon to polyester to pharmaceutical, cosmetic, and high-performance castor oil. It has a major use in the industrial sector. Furthermore, it is seen that India is the world leader in castor oil production as it accounts for over 75% of the global production and 90% of exports, with an annual output of 3,50,000 to ns. In addition, when it comes to processing castor oil, China and Brazil are slowing down behind India; their share of the global output is 5% and 12%, respectively.
Castor oil is becoming more well-known as a renewable resource, which is in line with the movement toward sustainability on a global scale. The demand for castor oil in various applications has increased due to consumer awareness of and preference for bio-based products. Its use as a feedstock for biodiesel production, which supports the renewable energy industry, is one significant application. Castor oil is a highly versatile and environmentally friendly solution that can help nations achieve their goals of cleaner, greener energy sources. It also plays a significant role in the global advancement of renewable energy initiatives and the development of bio-based products.
In July 2023, Casterra Ag Ltd., a subsidiary of Evogene Ltd. announced to supply castor seeds worth USD 2.2 million to African territories. These castor seeds are to be used for producing oil for sustainable biofuel.
The COVID-19 pandemic has significantly impacted the castor oil market, introducing both challenges and opportunities. The initial disruption in global supply chains and economic downturns led to a decrease in industrial activities, affecting the demand for castor oil in sectors such as chemicals and manufacturing. Lockdowns and restrictions also hindered agricultural operations, impacting castor bean cultivation and oil production. However, the pandemic-induced focus on health and wellness has propelled the demand for natural and organic products in the pharmaceutical and personal care sectors, including those containing castor oil. As the world adapts to the new normal, the castor oil market is witnessing a resurgence, driven by the growing awareness of its diverse applications, bio-based nature, and the increasing emphasis on sustainable and eco-friendly solutions in various industries. The post-COVID-19 era presents an opportunity for the castor oil market to rebound and thrive amidst evolving consumer preferences and renewed global economic activities.
The castor oil market is characterized by key players contributing significantly to its growth and development. Prominent companies such as Jayant Agro-Organics Limited, ITOH OIL CHEMICALS CO., LTD., and Gokulrefoil play pivotal roles in producing, processing, and distributing castor oil globally. To maintain a competitive edge, these key players actively engage in strategic initiatives, including research and development, product innovation, and geographical expansion. The outlook for the castor oil market is optimistic, with increasing demand across various industries, such as pharmaceuticals, cosmetics, and chemicals.
As the market embraces sustainability and bio-based solutions, key players will likely explore opportunities in renewable energy applications, such as biodiesel production. Collaboration with regional partners, adherence to quality standards, and a focus on meeting the rising consumer demand for natural and organic products are anticipated to shape the future landscape of the castor oil market.
For instance , BASF SE in 2022, became the first manufacturing company that successfully completed the certification process conducted by SuCCESS (Sustainable Castor Caring for Environmental and Social Standards) Code, which resulted in making BASF SE as a global leader in the castor oil market.
All segments will be provided for all regions and countries covered:
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.