The Global Ricinus Communis Seed Oil Market was valued at USD 1.25 Billion in 2024 and is projected to reach USD 1.72 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period (2024–2030). This robust growth is fueled by increasing demand for sustainable and bio-based ingredients across the cosmetics, pharmaceuticals, and industrial lubricants sectors, alongside the rising popularity of natural and organic personal care products.

As industries worldwide pivot towards green chemistry and sustainable sourcing, castor oil producers are at the forefront, offering versatile, non-toxic, and biodegradable solutions. In this blog, we profile the Top 10 Companies in the Ricinus Communis Seed Oil Industry—a diverse group of processors, traders, and specialty chemical firms shaping the future of this ancient yet innovative market.

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🔟 1. Gokul Refoils & Solvent Ltd.

Headquarters: Rajkot, Gujarat, India
Key Offering: Crude Castor Oil, Hydrogenated Castor Oil, Food & Cosmetic Grade Castor Oil

Gokul Refoils is one of India’s largest exporters and processors of castor oil, with integrated operations from seed sourcing to value-added derivatives. The company plays a pivotal role in the global supply chain, leveraging India’s dominant position as the world’s leading castor bean producer.

Market Leadership & Initiatives:

• Vertically integrated supply chain ensuring quality control

• Significant production capacity for castor oil and its derivatives

• Strategic focus on expanding high-value specialty chemical applications

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9️⃣ 2. Bom Brasil

Headquarters: São Paulo, Brazil
Key Offering: Organic & Conventional Castor Oil, Castor Oil Derivatives

Bom Brasil is a key South American player in the castor oil market, specializing in sustainably sourced raw materials. The company supports local agriculture while supplying high-quality castor oil to international markets, particularly for cosmetics and bio-lubricants.

Sustainability Initiatives:

• Promotion of sustainable castor farming practices in Brazil

• Investment in organic certification and traceability systems

• Focus on renewable and biodegradable product applications

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8️⃣ 3. NK Proteins

Headquarters: Ahmedabad, Gujarat, India
Key Offering: Crude Castor Oil, Refined Castor Oil, Castor Wax

NK Proteins is a major Indian agribusiness company with extensive operations in oilseed processing. The company has a strong foothold in the castor oil market, supplying a wide range of grades to both domestic and international customers.

Market Leadership & Initiatives:

• Large-scale processing facilities with modern technology

• Diverse product portfolio catering to multiple industries

• Strong export network across Asia, Europe, and the Americas

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Ricinus Communis Seed Oil Market – View in Detailed Research Report

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7️⃣ 4. RPK Agrotech

Headquarters: Pune, Maharashtra, India
Key Offering: Cold-Pressed Castor Oil, Organic Castor Oil, Pharmaceutical Grade Castor Oil

RPK Agrotech specializes in premium-grade castor oil products, with a focus on cold-pressed and organic variants for the health and wellness markets. The company’s commitment to quality makes it a preferred supplier for pharmaceutical and high-end cosmetic applications.

Sustainability Initiatives:

• Emphasis on organic farming and sustainable extraction methods

• Development of pharmaceutical-grade castor oil with stringent quality control

• Partnerships with certified organic farms for raw material sourcing

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6️⃣ 5. Kisan Agro

Headquarters: Hyderabad, Telangana, India
Key Offering: Industrial Grade Castor Oil, Castor Oil Fatty Acid, Hydrogenated Castor Oil

Kisan Agro is a significant processor and exporter of castor oil and its derivatives, serving the industrial and chemical sectors. The company’s product range includes specialty chemicals derived from castor oil for applications in lubricants, coatings, and plastics.

Market Leadership & Initiatives:

• Strong presence in industrial and chemical application segments

• Continuous investment in R&D for new castor-based derivatives

• Robust logistics and supply chain for global distribution

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5️⃣ 6. Kevit Pure Castor Products

Headquarters: Mumbai, Maharashtra, India
Key Offering: USP Grade Castor Oil, Cosmetic Grade Castor Oil, Castor Oil for Polymers

Kevit is a specialized manufacturer of high-purity castor oil products, with expertise in meeting the stringent requirements of pharmaceutical and cosmetic industries. The company is known for its consistent quality and technical support.

Sustainability Initiatives:

• Manufacturing processes compliant with international quality standards

• Focus on renewable and biodegradable product development

• Active participation in industry associations promoting sustainable castor cultivation

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4️⃣ 7. Girnar Industries

Headquarters: Mumbai, Maharashtra, India
Key Offering: Dehydrated Castor Oil, Castor Oil Esters, Specialty Castor Oil Derivatives

Girnar Industries is a leading manufacturer of value-added castor oil derivatives, with a strong focus on the chemical industry. The company’s product portfolio includes specialized esters and dehydrated castor oil used in surface coatings, inks, and adhesives.

Market Leadership & Initiatives:

• Extensive expertise in chemical modification of castor oil

• Strategic partnerships with global chemical companies

• Continuous innovation in bio-based polymer and coating applications

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3️⃣ 8. Adani Wilmar (Fortune)

Headquarters: Ahmedabad, Gujarat, India
Key Offering: Food Grade Castor Oil, Refined Castor Oil for Industrial Use

Adani Wilmar, known for its Fortune brand of edible oils, also has a significant presence in the castor oil market through its diversified oil processing operations. The company leverages its extensive distribution network to serve various industrial segments.

Sustainability Initiatives:

• Commitment to sustainable sourcing and responsible agriculture

• Investment in energy-efficient processing technologies

• Focus on reducing environmental footprint across the value chain

Download FREE Sample Report:
Ricinus Communis Seed Oil Market – View in Detailed Research Report

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2️⃣ 9. Jayant Agro-Organics

Headquarters: Mumbai, Maharashtra, India
Key Offering: Value-Added Castor Derivatives, Sebacic Acid, 12-HSA from Castor Oil

Jayant Agro-Organics is a pioneer in the development of specialty chemicals from castor oil, with a strong focus on research and innovation. The company produces high-value derivatives like sebacic acid, which is used in biodegradable polymers, lubricants, and cosmetics.

Market Leadership & Initiatives:

• Strong R&D capabilities for developing novel castor-based chemicals

• Strategic focus on high-growth segments like biopolymers and green chemicals

• Long-standing relationships with global specialty chemical companies

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1️⃣ 10. Hokoku Corporation

Headquarters: Tokyo, Japan
Key Offering: High-Purity Castor Oil, Pharmaceutical Excipients, Cosmetic Ingredients

Hokoku Corporation is a Japanese company specializing in the import and distribution of high-quality castor oil for pharmaceutical and cosmetic applications. The company is known for its stringent quality standards and reliable supply chain management.

Sustainability Initiatives:

• Focus on certified and traceable castor oil supply chains

• Partnerships with sustainable castor producers

• Commitment to promoting bio-based alternatives in the Japanese market

Get Full Report Here:
Ricinus Communis Seed Oil Market – View in Detailed Research Report

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🌍 Outlook: The Future of Ricinus Communis Seed Oil Is Diversified and Sustainable

The Ricinus Communis Seed Oil market is experiencing a significant transformation, driven by the global shift towards bio-based and sustainable raw materials. While traditional applications in lubricants and coatings continue to dominate, new opportunities are emerging in bioplastics, pharmaceuticals, and premium cosmetics.

📈 Key Trends Shaping the Market:

• Growing demand for bio-based and renewable chemicals in industrial applications

• Increasing consumer preference for natural and organic ingredients in personal care products

• Advancements in castor oil processing technologies enhancing product quality and yield

• Rising investments in sustainable castor cultivation and supply chain transparency

Get Full Report Here:
Ricinus Communis Seed Oil Market – View in Detailed Research Report

The companies listed above are not only supplying a versatile natural resource—they’re driving innovation in sustainable chemistry across multiple industries.