Ricinoleic Acid Market

By Type;

Optimal Grade and Industrial-Grade

By Form;

Liquid and Solid Source

By Source;

Castor Oil and Synthetic Esterification Source

By Grade;

Technical Grade, Pharmaceutical Grade, and Cosmetic Grade Source

By End User;

Lubricants & Grease, Cosmetics & Personal Care , Surfactants, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn135773916 Published Date: August, 2025 Updated Date: September, 2025

Ricinoleic Acid Market Overview

Ricinoleic Acid Market (USD Million)

Ricinoleic Acid Market was valued at USD 91.87 million in the year 2024. The size of this market is expected to increase to USD 129.27 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.


Ricinoleic Acid Market

*Market size in USD million

CAGR 5.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.0 %
Market Size (2024)USD 91.87 Million
Market Size (2031)USD 129.27 Million
Market ConcentrationMedium
Report Pages342
91.87
2024
129.27
2031

Major Players

  • acme synthetic chemicals
  • Gokul Agro Resource
  • ITOH OIL CHEMICALS
  • JAYANT AGRO-ORGANICS
  • Merck
  • NK Industries
  • C3Nano

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Ricinoleic Acid Market

Fragmented - Highly competitive market without dominant players


The Ricinoleic Acid Market is expanding rapidly as industries leverage this naturally derived fatty acid for its versatility and eco-friendly profile. Extracted mainly from castor oil, ricinoleic acid is valued for its hydroxyl group, which enhances its chemical reactivity. Nearly 55% of demand is driven by its use in surfactants, lubricants, and specialty coatings.

Cosmetics and Personal Care Applications
Over 45% of ricinoleic acid usage is connected to cosmetics and personal care formulations. It improves skin hydration, texture, and product stability, making it a vital ingredient in creams, lotions, and hair treatments. Its natural sourcing aligns with the rising preference for bio-based beauty products.

Role in Pharmaceuticals and Healthcare
Approximately 30% of consumption comes from the pharmaceutical sector, where ricinoleic acid is employed in medicinal products, laxatives, and targeted drug formulations. Its therapeutic and functional properties have cemented its role in the development of effective healthcare solutions.

Innovation and Eco-Friendly Solutions
Nearly 35% of advancements highlight sustainable innovations, including bio-based polymers, advanced surfactants, and green chemical derivatives. These developments expand ricinoleic acid’s applications while meeting growing demand for environmentally responsible solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Form
    3. Market Snapshot, By Source
    4. Market Snapshot, By Grade
    5. Market Snapshot, By End User
    6. Market Snapshot, By Region
  4. Ricinoleic Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising applications in the automotive industry
        2. Expansion of the pharmaceutical sector
        3. Development of new industrial applications
        4. High demand for natural and sustainable ingredients
      2. Restraints
        1. Inconsistent quality of raw materials
        2. Dependence on specific geographic regions for raw materials
        3. Limited infrastructure in developing regions
      3. Opportunities
        1. Enhancement of production processes
        2. Rising trend of green chemistry
        3. Expansion of product portfolio
        4. Increased consumer preference for natural ingredients
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Ricinoleic Acid Market, By Type, 2021 - 2031 (USD Million)
      1. Optimal Grade
      2. Industrial-Grade
    2. Ricinoleic Acid Market, By Form, 2021 - 2031 (USD Million)

      1. Liquid

      2. Solid Source

    3. Ricinoleic Acid Market, By Source, 2021 - 2031 (USD Million)

      1. Castor Oil

      2. Synthetic Esterification Source

    4. Ricinoleic Acid Market, By Grade, 2021 - 2031 (USD Million)

      1. Technical Grade

      2. Pharmaceutical Grade

      3. Cosmetic Grade Source

    5. Ricinoleic Acid Market, By End User, 2021 - 2031 (USD Million)
      1. Lubricants & Grease
      2. Cosmetics & Personal Care
      3. Surfactants
      4. Others
    6. Ricinoleic Acid Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. acme synthetic chemicals
      2. Gokul Agro Resource
      3. ITOH OIL CHEMICALS
      4. JAYANT AGRO-ORGANICS
      5. Merck
      6. NK Industries
      7. C3Nano
  7. Analyst Views
  8. Future Outlook of the Market