The castor oil plant, Ricin us common is, may be a species of flowering plant within the spurge family, Euphorbiaceous. Its seed is that the castor bean which, despite its name, isn't a real bean. Castor is indigenous to the south-eastern Mediterranean Basin, Eastern Africa, and India, but is widespread throughout tropical regions. Castor seed is that the source of castor oil, which features a big variety of uses. The seeds contain between 40% and 60% oil that's rich in triglycerides of ricin oleic acid, 12 hydroxyl oleic acid. The Indian sort of castor seed has an oil content of 48% but only 40% are often extracted. The seed contains resin, a toxin, which is additionally present in lower concentrations throughout the plant and thus castor oil is inedible
Castor oil pale amber viscous liquid derived from the seeds of the plant Racings communes is sometimes known as ricin us oil. Castor oil is one of the few naturally occurring glycosides that approach being a pure compound, since the fatty acid portion is nearly nineteenths ricin oleic acid. The global castor oil market was $1,180 million in 2018 and is expected to touch $1,470 million by the end of 2025, growing at a CAGR of 2.8 per cent between 2019 and 2025. The market is currently being driven by the increasing demand in various industrial applications such as paints, soaps, lubricants, befouls, and other sectors. The market value is expected to grow at a CAGR of 3.6% in the forecast period of 2020-2025.
The Global castor oil market has been segmented by different end-use industries and forms. Further, end-use industries segment is further sub-divided to food & beverage, care, lubricant, pharmaceuticals and others. Care segment of the market uses castor oil as a source of moisturizer because it consists of high carboxylic acid content. Food & beverage segment of the market uses castor oil for flavoring, packaging also as in viscosity additives. In pharmaceutical industry hydrogenated property of the merchandise is extensively used due to its lubricating property. In fuel industry, castor oil is majorly used because the fuel additive because it's biofuel obtainable in terms of per capita yield within the global market. Entrepreneurs who invest in this project will be successful.