Market Overview:
The North America castor oil market is expected to exhibit a CAGR of
1.67% during 2023-2028.
Castor oil refers to a thick, pale-yellow colored vegetable oil which is extracted from castor beans that are grown in arid/semi-arid regions. As compared to other vegetable oils, castor oil exhibits high hydroxyl value and is available for consumption in both crude and refined hydrogenated forms. Owing to numerous benefits, it is utilized in the production of pharmaceuticals, soaps, surface coatings, cosmetics, perfumes and toiletries.
One of the primary factors that are impelling the growth of the market in North America is therapeutic benefits provided by the castor oil. It offers antibacterial and anti-inflammatory properties that aid in relieving sore muscles, arthritic joints and nerve inflammations. Apart from this, aging population, rising healthcare expenditures and increasing focus on healthy and active lifestyles are also boosting the sales of castor oil in the region. Further, the demand for castor oil is rising as it plays a pivotal role in the production of biodiesel, which eliminates the usage of petrochemicals in the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America castor oil market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on end-use.
- Key Regions Analyzed
- Analysis for Each Country
- Market by End-Use
- Pharmaceuticals
- Lubricants
- Paints
- Soaps
- Others
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- PESTEL Analysis
- Government Regulations
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
IMARC Group’s latest report provides a deep insight into the North America castor oil market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America castor oil market in any manner.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2022 |
| Historical Period |
2017-2022 |
| Forecast Period |
2023-2028 |
| Units |
‘000 Tons |
| Segment Coverage |
End-Use, Country |
| Countries Covered |
United States, Canada |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the North America castor oil market performed so far and how will it perform in the coming years?
- What are the key regions in the North America castor oil market?
- What has been the impact of COVID-19 on the North America castor oil market?
- What is the breakup of the North America castor oil market on the basis of end-use?
- What are the various stages in the value chain of the North America castor oil industry?
- What are the key driving factors and challenges in the North America castor oil industry?
- What is the structure of the North America castor oil industry and who are the key players?
- What is the degree of competition in the North America castor oil industry?
- What are the profit margins in the North America castor oil industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Castor Oil Market
5.1 Market Performance
5.2 Market Breakup by End-Use
5.3 Market Breakup by Region
5.4 Market Forecast
6 North America Castor Oil Market
6.1 Market Performance
6.2 Impact of COVID-19
6.3 Market Forecast
7 North America Castor Oil Market: Breakup by End-Use
7.1 Pharmaceuticals
7.2 Lubricants
7.3 Paints
7.4 Soaps
7.5 Others
8 North America Castor Oil Market: Breakup by Country
8.1 United States
8.1.1 Historical Market Trends
8.1.2 Market Breakup by End-Use
8.1.3 Market Forecast
8.2 Canada
8.2.1 Historical Market Trends
8.2.2 Market Breakup by End-Use
8.2.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porter’s Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Rivalry
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
List of Figures
Figure 1: North America: Castor Oil Market: Major Drivers and Challenges
Figure 2: Global: Castor Oil Market: Production Volume Trends (in ‘000 Tons), 2017-2022
Figure 3: Global: Castor Oil Market: Breakup by End-Use (in %), 2022
Figure 4: Global: Castor Oil Market: Breakup by Region (in %), 2022
Figure 5: Global: Castor Oil Market Forecast: Production Volume Trends (in ‘000 Tons), 2023-2028
Figure 6: North America: Castor Oil Market: Production Volume Trends (in ‘000 Tons), 2017-2022
Figure 7: North America: Castor Oil Market Forecast: Production Volume Trends (in ‘000 Tons), 2023-2028
Figure 8: North America: Castor Oil Industry: SWOT Analysis
Figure 9: North America: Castor Oil Industry: Value Chain Analysis
Figure 10: North America: Castor Oil Industry: Porter’s Five Forces Analysis
Figure 11: North America: Castor Oil Market: Breakup by End-Use (in %), 2022
Figure 12: North America: Castor Oil Market: End-Use in Pharmaceuticals (in ‘000 Tons), 2017 & 2022
Figure 13: North America: Castor Oil Market Forecast: End-Use in Pharmaceuticals (in ‘000 Tons), 2023-2028
Figure 14: North America: Castor Oil Market: End-Use in Lubricants (in ‘000 Tons), 2017 & 2022
Figure 15: North America: Castor Oil Market Forecast: End-Use in Lubricants (in ‘000 Tons), 2023-2028
Figure 16: North America: Castor Oil Market: End-Use in Paints (in ‘000 Tons), 2017 & 2022
Figure 17: North America: Castor Oil Market Forecast: End-Use in Paints (in ‘000 Tons), 2023-2028
Figure 18: North America: Castor Oil Market: End-Use in Soaps (in ‘000 Tons), 2017 & 2022
Figure 19: North America: Castor Oil Market Forecast: End-Use in Soaps (in ‘000 Tons), 2023-2028
Figure 20: North America: Castor Oil Market: Other End-Uses (in ‘000 Tons), 2017 & 2022
Figure 21: North America: Castor Oil Market Forecast: Other End-Uses (in ‘000 Tons), 2023-2028
Figure 22: North America: Castor Oil Market: Breakup by Country (in %), 2022
Figure 23: United States: Castor Oil Market: Production Volume Trends (in ‘000 Tons), 2017-2022
Figure 24: United States: Castor Oil Market: Breakup by End-Use (in %), 2022
Figure 25: United States: Castor Oil Market Forecast: Production Volume Trends (in ‘000 Tons), 2023-2028
Figure 26: Canada: Castor Oil Market: Production Volume Trends (in ‘000 Tons), 2017-2022
Figure 27: Canada: Castor Oil Market: Breakup by End-Use (in %), 2022
Figure 28: Canada: Castor Oil Market Forecast: Production Volume Trends (in ‘000 Tons), 2023-2028
List of Tables
Table 1: North America: Castor Oil Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: Castor Oil Market Forecast: Breakup by End-Use (in ‘000 Tons), 2023-2028
Table 3: North America: Castor Oil Market Forecast: Breakup by Country (in ‘000 Tons), 2023-2028
Table 4: North America: Castor Oil Market: Competitive Structure
Table 5: North America: Castor Oil Market: Key Players