Castor oil: Castor oil is the largest product segment in the global castor oil and derivatives market analysis. Castor oil is a versatile oil that is used in a variety of products, including food and beverages, cosmetics, pharmaceuticals, and industrial products. Castor oil derivatives: Castor oil derivatives are the second largest product segment in the global castor oil and derivatives market forecast. Castor oil derivatives are a type of castor oil that has been modified to improve its performance or functionality. Castor oil derivatives are used in a variety of products, including food and beverages, cosmetics, pharmaceuticals, and industrial products.