Castor Oil Derivatives Gaining Market Popularity
The global castor oil market is on a steady upward trajectory, forecasted to expand from an estimated USD 1.36 billion in 2025 to USD 1.83 billion by 2035 , achieving a Compound Annual Growth Rate (CAGR) of 3.2% . This growth is primarily propelled by the escalating demand for plant-derived ingredients across personal care, food, and pharmaceutical applications, alongside a growing reliance on bio-based raw materials in various industrial sectors. Castor oil, celebrated for its natural viscosity, emollient properties, and versatility as a carrier for active compounds, has cemented its position as a vital ingredient in a wide array of consumer and industrial products. The increasing consumer preference for clean-label, organic, and naturally sourced personal care products is a significant driver, bolstering its use in moisturizing lotions, lip balms, and shampoos. Simultaneously, the food and nutraceuticals sector is increasingly integrating castor oil derivatives as natural add...