Market Overview:
Castor oil is a vegetable oil obtained by pressing the seeds of the castor plant. The plant is native to Africa, but is now also grown in India, China, and Brazil. Castor oil has many uses in industry and medicine. It is used as a lubricant, as a solvent for paints and varnishes, in printing ink manufacture, and as a fuel for lamps.
Product Definition:
Pharmaceutical grade castor oil is a vegetable oil that is extracted from the castor bean. It is often used as a lubricant and in pharmaceuticals, cosmetics, and other industrial products.
Refined:
Refined is the product obtained from the purification process of castor oil. It has a wide range of applications in pharmaceutical and cosmetic industries. The refined form can be further processed to manufacture ointments, tablets, capsules & other dosage forms by using different techniques like solvent extraction method and supercritical fluid CO2 extraction method.
Virgin Unrefined:
Virgin unrefined castor oil is a type of vegetable oil which has not been through any chemical or heat treatment. It contains very low levels of impurities and hence it is used in pharmaceutical grade castor oil market.
Virgin unrefined castor oil has the same properties as other refined vegetable oils such as polyunsaturated fatty acids, monounsaturated fatty acids, and saturated fats.
Application Insights:
Pharmaceutical grade castor oil is used for various applications in the healthcare sector such as intravenous injection, ophthalmic emulsion, oral capsule, topical cream and tablet. The intravenous injection segment held the largest share of over 50.0% in 2017 owing to its wide usage as a fluid replacement therapy for patients suffering from hypovolemic shock. In addition, it is also used for patients requiring dialysis due to kidney failure or disease progression.
The ophthalmic emulsion segment is anticipated to witness lucrative growth during the forecast period owing to its high penetration use as an active pharmaceutical ingredient (API) in various OTC products across the globe such as eye drops.
Regional Analysis:
Asia Pacific dominated the global pharmaceutical grade castor oil market in 2017. This is attributed to increasing demand for intravenous (IV) drugs, which forms a major part of the IV formulation segment in this region. The presence of key manufacturers such as Wuxi Biologics Co., Ltd., and Hengxinjie Pharmaceutical Group Co., Ltd. also contributes to high regional growth.
North America ranks second, in terms of revenue generation from 2016 To 2017; however, it is anticipated that North America will lose some ground during the forecast period due to lack of product innovation by manufacturers operating within this region coupled with stringent regulations pertainingto drug quality control by regulatory bodies such as FDA.
Growth Factors:
- Increasing demand for castor oil in pharmaceutical and cosmetic industries as a natural product is driving the growth of the global pharmaceutical grade castor oil market.
- Rising awareness about the benefits of castor oil is also propelling the growth of this market.
- The increasing use of castor oil in various applications such as food, cosmetics, and pharmaceuticals is fueling the demand for this product globally.
- Growing research and development activities for new applications of castor oil are providing opportunities for market players to expand their business operations globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Pharmaceutical Grade Castor Oil Market Research Report
By Type
Refined, Virgin Unrefined
By Application
Intravenous Injection, Ophthalmic Emulsion, Oral Capsule, Tablet, Topical
By Companies
Croda, NK Proteins, Jayant Agro Organics, Ambuja, Aura Refoils, RPK Agrotech, Gokul Agri International, Kisan Agro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Pharmaceutical Grade Castor Oil Market Report Segments:
The global Pharmaceutical Grade Castor Oil market is segmented on the basis of:
Types
Refined, Virgin Unrefined
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Intravenous Injection, Ophthalmic Emulsion, Oral Capsule, Tablet, Topical
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Croda
- NK Proteins
- Jayant Agro Organics
- Ambuja
- Aura Refoils
- RPK Agrotech
- Gokul Agri International
- Kisan Agro
Highlights of The Pharmaceutical Grade Castor Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Refined
- Virgin Unrefined
- By Application:
- Intravenous Injection
- Ophthalmic Emulsion
- Oral Capsule
- Tablet
- Topical
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pharmaceutical Grade Castor Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Pharmaceutical grade castor oil is a type of castor oil that has been processed to make it more pure and effective. It is typically used in pharmaceuticals and other medical products, because it is high quality and has a long shelf life.
Some of the key players operating in the pharmaceutical grade castor oil market are Croda, NK Proteins, Jayant Agro Organics, Ambuja, Aura Refoils, RPK Agrotech, Gokul Agri International, Kisan Agro.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pharmaceutical Grade Castor Oil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Pharmaceutical Grade Castor Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pharmaceutical Grade Castor Oil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Pharmaceutical Grade Castor Oil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Pharmaceutical Grade Castor Oil Market Size & Forecast, 2018-2028
4.5.1 Pharmaceutical Grade Castor Oil Market Size and Y-o-Y Growth
4.5.2 Pharmaceutical Grade Castor Oil Market Absolute $ Opportunity
Chapter 5 Global Pharmaceutical Grade Castor Oil Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Pharmaceutical Grade Castor Oil Market Size Forecast by Type
5.2.1 Refined
5.2.2 Virgin Unrefined
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pharmaceutical Grade Castor Oil Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Pharmaceutical Grade Castor Oil Market Size Forecast by Applications
6.2.1 Intravenous Injection
6.2.2 Ophthalmic Emulsion
6.2.3 Oral Capsule
6.2.4 Tablet
6.2.5 Topical
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pharmaceutical Grade Castor Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pharmaceutical Grade Castor Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Pharmaceutical Grade Castor Oil Analysis and Forecast
9.1 Introduction
9.2 North America Pharmaceutical Grade Castor Oil Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Pharmaceutical Grade Castor Oil Market Size Forecast by Type
9.6.1 Refined
9.6.2 Virgin Unrefined
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Pharmaceutical Grade Castor Oil Market Size Forecast by Applications
9.10.1 Intravenous Injection
9.10.2 Ophthalmic Emulsion
9.10.3 Oral Capsule
9.10.4 Tablet
9.10.5 Topical
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Pharmaceutical Grade Castor Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Pharmaceutical Grade Castor Oil Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Pharmaceutical Grade Castor Oil Market Size Forecast by Type
10.6.1 Refined
10.6.2 Virgin Unrefined
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Pharmaceutical Grade Castor Oil Market Size Forecast by Applications
10.10.1 Intravenous Injection
10.10.2 Ophthalmic Emulsion
10.10.3 Oral Capsule
10.10.4 Tablet
10.10.5 Topical
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Pharmaceutical Grade Castor Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pharmaceutical Grade Castor Oil Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Pharmaceutical Grade Castor Oil Market Size Forecast by Type
11.6.1 Refined
11.6.2 Virgin Unrefined
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Pharmaceutical Grade Castor Oil Market Size Forecast by Applications
11.10.1 Intravenous Injection
11.10.2 Ophthalmic Emulsion
11.10.3 Oral Capsule
11.10.4 Tablet
11.10.5 Topical
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Pharmaceutical Grade Castor Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Pharmaceutical Grade Castor Oil Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Pharmaceutical Grade Castor Oil Market Size Forecast by Type
12.6.1 Refined
12.6.2 Virgin Unrefined
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Pharmaceutical Grade Castor Oil Market Size Forecast by Applications
12.10.1 Intravenous Injection
12.10.2 Ophthalmic Emulsion
12.10.3 Oral Capsule
12.10.4 Tablet
12.10.5 Topical
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Pharmaceutical Grade Castor Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pharmaceutical Grade Castor Oil Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Pharmaceutical Grade Castor Oil Market Size Forecast by Type
13.6.1 Refined
13.6.2 Virgin Unrefined
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Pharmaceutical Grade Castor Oil Market Size Forecast by Applications
13.10.1 Intravenous Injection
13.10.2 Ophthalmic Emulsion
13.10.3 Oral Capsule
13.10.4 Tablet
13.10.5 Topical
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pharmaceutical Grade Castor Oil Market: Competitive Dashboard
14.2 Global Pharmaceutical Grade Castor Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Croda
14.3.2 NK Proteins
14.3.3 Jayant Agro Organics
14.3.4 Ambuja
14.3.5 Aura Refoils
14.3.6 RPK Agrotech
14.3.7 Gokul Agri International
14.3.8 Kisan Agro
