ENABLING SMART PROCUREMENT

  • Published in: Sep 2017
  • Pages: 89
  • SKU: IRCMSTR14585

Global Castor Oil Category - Procurement Market Intelligence Report

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SpendEdge’s procurement market research report on the global castor oil market is an all-inclusive guide enabling procurement professionals to make smart purchasing decisions. This report provides a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing dynamics, supplier landscape and an analysis of the supply chain risks.

Key Features of Report

 

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Castor Oil - Category Spend Analysis

 

According to analysts at SpendEdge, a key growth driver for the castor oil market is the high growth potential of castor oil in the organic beauty and personal care products market. The growth of the global organic beauty and personal care market is driven by an increase in urbanization in developing economies across APAC (China and India), South America (Brazil), and MEA (the UAE). Furthermore, an expansion in the distribution channels (online and offline) and transition toward premium beauty and personal care products have also added to this growth.

Castor oil and derivatives such as castor wax, zinc ricinolate, and castor oil esters are being used in beauty and personal care products such as soaps, shampoos, creams, perfumes, lip gels, and hair oils among others. Manufacturers of these products are looking to leverage the increase in disposable income through NPD and advertisements to promote the benefits of using castor oil-based beauty and personal care products to end-consumers.

 

Castor Oil - Procurement Best Practices

 

One of the best procurement practices for buyers is to conduct periodic reviews of all products in their portfolio that contain castor oil or its derivatives. A product-level review can be structured to be updated on the information of the use of castor oil by the respective product development teams

For instance, maintaining and updating the supplier details, the quantity of castor oil being used in different products, policies followed on sustainability and frequency of communication (date of the last contact), promptly is important to complete the review process.

Castor Oil - Procurement Challenges

 

According to this procurement market research report, one of the procurement challenges faced by buyers in this market space is the inter-seasonal variation in the price of castor oil. The castor oil supply market has inter-seasonal variation in the price of castor oil due to inconsistent rainfall and climatic conditions across seasons. For instance, any delay in monsoon season in India leads to a lag in cultivation and subsequent harvest of castor beans. This results in rapid fluctuations in the price of castor seed and castor oil in subsequent seasons. In addition, certain small-scale and regional suppliers may hoard castor seeds and oil to keep prices in the high range.

Get unlimited access to all our reports. Our Insights platform provides ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day trial now

SpendEdge also offers customization of this report to meet your exact requirements. Please contact us at enquiry@spendedge.com

Read less

Key Features of Report

 

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Castor Oil - Category Spend Analysis

 

According to analysts at SpendEdge, a key growth driver for the castor oil market is the high growth potential of castor oil in the organic beauty and personal care products market. The growth of the global organic beauty and personal care market is driven by an increase in urbanization in developing economies across APAC (China and India), South America (Brazil), and MEA (the UAE). Furthermore, an expansion in the distribution channels (online and offline) and transition toward premium beauty and personal care products have also added to this growth.

Castor oil and derivatives such as castor wax, zinc ricinolate, and castor oil esters are being used in beauty and personal care products such as soaps, shampoos, creams, perfumes, lip gels, and hair oils among others. Manufacturers of these products are looking to leverage the increase in disposable income through NPD and advertisements to promote the benefits of using castor oil-based beauty and personal care products to end-consumers.

 

Castor Oil - Procurement Best Practices

 

One of the best procurement practices for buyers is to conduct periodic reviews of all products in their portfolio that contain castor oil or its derivatives. A product-level review can be structured to be updated on the information of the use of castor oil by the respective product development teams

For instance, maintaining and updating the supplier details, the quantity of castor oil being used in different products, policies followed on sustainability and frequency of communication (date of the last contact), promptly is important to complete the review process.

Castor Oil - Procurement Challenges

 

According to this procurement market research report, one of the procurement challenges faced by buyers in this market space is the inter-seasonal variation in the price of castor oil. The castor oil supply market has inter-seasonal variation in the price of castor oil due to inconsistent rainfall and climatic conditions across seasons. For instance, any delay in monsoon season in India leads to a lag in cultivation and subsequent harvest of castor beans. This results in rapid fluctuations in the price of castor seed and castor oil in subsequent seasons. In addition, certain small-scale and regional suppliers may hoard castor seeds and oil to keep prices in the high range.

Get unlimited access to all our reports. Our Insights platform provides ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day trial now

SpendEdge also offers customization of this report to meet your exact requirements. Please contact us at enquiry@spendedge.com

PART 1: SUMMARY

  • Research Objectives and Methodology
  • Category Definition

PART 2: CATEGORY AT A GLANCE

  • Market Overview
  • Category Maturity by Regions
  • Preferred Procurement Models and Major Service Providers
  • Cost-saving Opportunities
  • Major Category Requirements
  • Major Procurement Pain Points

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Key Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Procurement Best Practices
  • History of Innovation
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • SWOT Analysis
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Regional Supplier Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Regional Supplier Functional Capability Matrix
  • Key Clients
  • Supplier Cost Breakup
  • Supplier Positioning Matrix
  • Supplier Selection Criteria

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Model Pros and Cons
  • Indicative Pricing
  • Category Negotiation Strategies

PART 6: CATEGORY ESSENTIALS

  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis
  • Category Sourcing Evolution Matrix

PART 7: TOP FIVE SUPPLIERS

  • Jayant Agro-Organics
  • Adani WilmAr
  • Ambuja Solvex
  • Itoh Oil Chemicals
  • Gokul Refoils & Solvents Limited (GRSL)

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us
Read less

PART 1: SUMMARY

  • Research Objectives and Methodology
  • Category Definition

PART 2: CATEGORY AT A GLANCE

  • Market Overview
  • Category Maturity by Regions
  • Preferred Procurement Models and Major Service Providers
  • Cost-saving Opportunities
  • Major Category Requirements
  • Major Procurement Pain Points

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Key Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Procurement Best Practices
  • History of Innovation
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • SWOT Analysis
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Regional Supplier Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Regional Supplier Functional Capability Matrix
  • Key Clients
  • Supplier Cost Breakup
  • Supplier Positioning Matrix
  • Supplier Selection Criteria

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Model Pros and Cons
  • Indicative Pricing
  • Category Negotiation Strategies

PART 6: CATEGORY ESSENTIALS

  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis
  • Category Sourcing Evolution Matrix

PART 7: TOP FIVE SUPPLIERS

  • Jayant Agro-Organics
  • Adani WilmAr
  • Ambuja Solvex
  • Itoh Oil Chemicals
  • Gokul Refoils & Solvents Limited (GRSL)

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us

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