The Europe castor oil market is currently witnessing stable growth. 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. On account of these factors, the market is expected to continue its steady growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe castor oil market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region and end use.
Breakup by End Use:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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