The Global Pharmaceutical Grade Castor Oil Market was valued at USD 1.6 Billion in 2023 and is projected to reach USD 2.5 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period (2024–2030). This robust growth is primarily driven by the increasing demand for natural and effective excipients in pharmaceutical formulations, the expansion of the global pharmaceutical industry, and the rising adoption of castor oil in novel drug delivery systems.

As the pharmaceutical landscape shifts towards bio-based and sustainable ingredients, the focus intensifies on the key manufacturers who are ensuring the purity, consistency, and supply of this vital raw material. In this blog, we profile the Top 10 Companies in the Pharmaceutical Grade Castor Oil Industry—leaders in cultivation, processing, and innovation, who are shaping the future of pharmaceutical excipients.

Download FREE Sample Report: Pharmaceutical Grade Castor Oil Market – View in Detailed Research Report

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🔟 1. Croda International Plc

Headquarters: Snaith, East Riding of Yorkshire, United Kingdom
Key Offering: High-Purity USP/EP Grade Castor Oil, Castor Oil Derivatives

Croda is a global specialty chemical company and a leading supplier of pharmaceutical-grade castor oil and its derivatives. Through its acquisition of IOI Oleo, Croda has significantly strengthened its position in oleochemicals, offering a range of high-purity ingredients for drug formulations, including solubilizers and emulsifiers.

Quality & Innovation Initiatives:

• Adherence to stringent USP (United States Pharmacopeia) and EP (European Pharmacopoeia) standards
• Investment in sustainable castor bean sourcing through its Project Sunflower initiative
• Development of novel castor oil-based delivery systems for poorly soluble drugs

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9️⃣ 2. NK Proteins

Headquarters: Ahmedabad, Gujarat, India
Key Offering: Refined Castor Oil, Hydrogenated Castor Oil (HCO)

NK Proteins is one of India’s largest castor oil producers, with a significant share in the global market. The company operates extensive crushing and refining facilities, supplying high-quality pharmaceutical-grade castor oil to domestic and international pharmaceutical companies.

Quality & Innovation Initiatives:

• Vertically integrated operations from seed sourcing to refined oil production
• Focus on consistent quality control for pharmaceutical applications
• Expansion of derivative product portfolio to meet specific customer needs

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8️⃣ 3. Jayant Agro Organics Limited

Headquarters: Mumbai, Maharashtra, India
Key Offering: Pharmaceutical Grade Castor Oil, Ricinoleic Acid, Sebacic Acid

Jayant Agro Organics is a key player in the castor-based value chain, producing a wide array of derivatives essential for pharmaceutical manufacturing. The company is recognized for its commitment to quality and sustainable practices in castor cultivation.

Quality & Innovation Initiatives:

• Strategic partnerships with global chemical and pharmaceutical giants
• Investment in R&D for value-added castor derivatives
• Implementation of traceability systems in the supply chain

Download FREE Sample Report: Pharmaceutical Grade Castor Oil Market – View in Detailed Research Report

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7️⃣ 4. Ambuja Solvex Pvt. Ltd.

Headquarters: Mumbai, Maharashtra, India
Key Offering: Cold-Pressed Castor Oil, Refined Castor Oil

Ambuja Solvex is a prominent manufacturer and exporter of castor oil and its products. The company has a strong foothold in the pharmaceutical sector, providing oils that meet the required pharmacopoeial specifications for use in various medicinal applications.

Quality & Innovation Initiatives:

• Modern manufacturing facilities with advanced refining technology
• Certifications ensuring quality and safety standards
• Focus on developing customized solutions for pharmaceutical clients

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6️⃣ 5. Aura Refoils & Energy Ltd.

Headquarters: Hyderabad, Telangana, India
Key Offering: USP Grade Castor Oil, Castor Wax

Aura Refoils is involved in the processing of castor seeds and the production of refined oils. The company supplies pharmaceutical-grade castor oil that is used as a base for ointments, creams, and capsule formulations.

Quality & Innovation Initiatives:

• State-of-the-art refining unit to achieve high purity levels
• Commitment to sustainable and ethical sourcing practices
• Regular quality audits to maintain compliance with international standards

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5️⃣ 6. RPK Agrotech

Headquarters: Jodhpur, Rajasthan, India
Key Offering: Organic Castor Oil, Pharmaceutical Grade Castor Oil

RPK Agrotech specializes in the production of castor oil with a focus on both conventional and organic grades. The company caters to the pharmaceutical industry’s need for pure and reliable castor oil as an excipient.

Quality & Innovation Initiatives:

• Production of organic-certified castor oil for niche pharmaceutical applications
• Robust supply chain management from farm to factory
• Emphasis on product consistency and batch-to-batch uniformity

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4️⃣ 7. Gokul Agri International Ltd.

Headquarters: Mumbai, Maharashtra, India
Key Offering: Refined Castor Oil, Castor Oil Derivatives

Gokul Agri International is a significant exporter of castor oil, with a diverse product portfolio that includes grades suitable for pharmaceutical use. The company leverages India’s dominance in castor production to serve global markets.

Quality & Innovation Initiatives:

• Integrated operations ensuring control over raw material quality
• Expansion of derivative manufacturing capabilities
• Focus on building long-term relationships with pharmaceutical customers

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3️⃣ 8. Kisan Agro

Headquarters: Mumbai, Maharashtra, India
Key Offering: First Special Grade Castor Oil, Hydrogenated Castor Oil

Kisan Agro is a well-established name in the agro-processing industry, producing high-quality castor oil for various industrial and pharmaceutical applications. The company’s pharmaceutical-grade oil is known for its purity and efficacy.

Quality & Innovation Initiatives:

• Implementation of Good Manufacturing Practices (GMP) in processing
• Investment in advanced filtration and purification technologies
• Active participation in industry forums to stay abreast of regulatory changes

Download FREE Sample Report: Pharmaceutical Grade Castor Oil Market – View in Detailed Research Report

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2️⃣ 9. Thai Castor Oil Industries Co., Ltd.

Headquarters: Bangkok, Thailand
Key Offering: Pharmaceutical Grade Castor Oil, Cosmetic Grade Castor Oil

Thai Castor Oil Industries is a leading producer in Southeast Asia, supplying high-grade castor oil to regional and international pharmaceutical markets. The company serves as a crucial supplier outside of the dominant Indian market.

Quality & Innovation Initiatives:

• Strategic location serving the growing ASEAN pharmaceutical sector
• Focus on meeting the specific regulatory requirements of multiple countries
• Development of customized viscosity and purity grades

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1️⃣ 10. Hokoku Corporation

Headquarters: Osaka, Japan
Key Offering: High-Purity Castor Oil, Specialty Oleochemicals

Hokoku Corporation, a Japanese specialty chemical trader and manufacturer, supplies high-purity pharmaceutical-grade castor oil to the stringent Japanese and global pharmaceutical industries. The company is known for its quality assurance and reliable supply chain.

Quality & Innovation Initiatives:

• Rigorous testing protocols to meet JP (Japanese Pharmacopoeia) standards
• Strategic sourcing from certified suppliers to ensure traceability
• Provision of technical support for formulation development

Get Full Report Here: Pharmaceutical Grade Castor Oil Market – View in Detailed Research Report

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🌍 Outlook: The Future of Pharmaceutical Grade Castor Oil Is Sustainable and Innovative

The pharmaceutical grade castor oil market is undergoing a significant evolution. While its traditional uses remain vital, the industry is increasingly focused on sustainable sourcing, advanced purification techniques, and the development of novel derivatives for next-generation therapeutics.

📈 Key Trends Shaping the Market:

• Growing demand for bio-based and natural excipients in drug formulations
• Stringent regulatory requirements driving investments in quality control and traceability
• Expansion of applications in controlled-release drug delivery and biologics
• Strategic vertical integration by key players to secure supply chain and ensure consistency

Get Full Report Here: Pharmaceutical Grade Castor Oil Market – View in Detailed Research Report

The companies listed above are not only supplying a critical pharmaceutical ingredient—they are enabling advancements in drug delivery and contributing to a more sustainable and effective global healthcare system.