The latest research study “India Castor Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the India castor oil market size reached 101.8 Kilo Tons in 2022. Looking forward, IMARC Group expects the market to reach 107.5 Kilo Tons by 2028.
How big is the India castor oil market?
The India castor oil market size reached 101.8 Kilo Tons in 2022. Looking forward, IMARC Group expects the market to reach 107.5 Kilo Tons by 2028.
India Castor Oil Market Outlook:
Castor oil is a pale-yellow vegetable oil extracted by heating and mechanical pressing castor beans. It is enriched with monounsaturated fats, ricinoleic, carbon fatty acids, and anti-bacterial and anti-inflammatory properties, which offers several therapeutic benefits. Its regular usage moisturizes the skin, alleviates temporary constipation, treats arthritis, reduces symptoms of fibroids, and delays signs of aging. Additionally, castor oil has a constant viscosity; therefore, it is extensively used as an alternative to synthetic lubricants to commercially produce surface coatings, lubricants, wax, dyes, inks, soaps, caulks, paints, textiles, and polishes.
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India Castor Oil Market Growth Drivers and Trends:
The rising health concerns and consumer awareness regarding the multiple product benefits have facilitated the widespread incorporation of castor oil in various therapeutic, self-management, and preventive pharmaceutical products. Such products help treat constipation due to its natural laxative properties, which is primarily driving the market growth in India. Moreover, the increasing need for bio-based raw materials to produce biofuels on account of escalating environmental concerns and the implementation of green regulations by governments to eliminate carbon dioxide (CO2) emissions are supporting the market growth.
Furthermore, the escalating product usage in the food and beverage (FB) sector as mold inhibitors and additives is favoring the market growth. Besides this, the extensive utilization of castor oil for manufacturing cutting oils, polyurethane adhesives, and refrigeration lubricants is contributing to the market growth.
India Castor Oil Market Segmentation:
Breakup by End Use:
- Pharmaceuticals
- Lubricants
- Paints
- Soaps
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Explore Full Report Description At: https://www.imarcgroup.com/india-castor-oil-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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