Jojoba Oil Market to Grow with a CAGR of 5.9% Globally through to 2028
Increasing demand for natural and organic cosmetic and
personal care products, growing awareness of the health benefits of jojoba oil
are factors driving the Global Jojoba Oil market in the forecast period
2024-2028.
According to TechSci Research report, “Global Jojoba
Oil Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Jojoba Oil Market stood at USD 128.5 Million
in 2022 and is anticipated to grow with a CAGR of 5.9% in the forecast period,
2024-2028. This is attributable to the growing inclusion of the product in
cosmetics & personal care formulations. Jojoba oil is widely utilized
across numerous end-use industries, including cosmetics & personal care,
spa & relaxation, and medical as a substitute raw material for conventional
products. The jojoba oil
market is expanding primarily due to rising disposable income and standards of
living, as well as rising consumer demand for personal care goods. As jojoba
oil uses in personal care products increase, makers of jojoba shrub oil are
projected to see growth in their business chances over the course of the
forecast year.
Jojoba oil is used in many skin care products, such as
moisturizers, facial cleansers, scar and stretch mark minimizers, and anti-acne
gels, as well as hair care products, such as conditioners, detangling creams,
and hair regrowth serums, because of its long shelf life and resistance to oxidation,
rancidity, and degradation when exposed to high temperatures and pressure.
Jojoba oil
also contains a number of vitamins and minerals, such as silicon, chromium,
copper, iodine, and zinc, as well as vitamin E and the B complex. As a result,
it is utilized as a dietary supplement and a primary component in a number of
pharmaceutical medicines for the treatment of athlete's foot and warts in
addition to wounds, cuts, bruises, and burns. Leading businesses are also
engaging in R&D operations to create cutting-edge and affordable
technologies since jojoba seeds may be grown after five years, ensuring a
steady supply of oil resources. The most product demand is generated by
skin and hair care companies that employ the oil to create cutting-edge
cosmetic treatments. These goods fall within the premium goods category of
marketing. The demand for jojoba oil in the cosmetic and personal care sectors
has also increased due to customer preferences for luxury products, their
willingness to pay a premium price for them, and consumers' growing preference
for natural and organic products.
Browse over 26 market data Figures spread
through 186 Pages and an in-depth TOC on "Global Jojoba Oil Market”
During the forecasted period, the market
for jojoba oil in the personal care and cosmetics sector is expected to expand
significantly. Jojoba oil protects the skin and delays the signs of ageing.
Lotions, sunscreens, skin creams, lipsticks, moisturisers, and balms all
frequently contain jojoba oil. The substance can also be used as an adhesive,
transformer oil, factice, plasticizer, and electric insulator. The jojoba oil market is evolving
rapidly, driven by trends such as the demand for natural and organic products,
increasing use in cosmetic and personal care products, sustainable and
eco-friendly practices, innovative applications, growing awareness in emerging
markets, and the rise of personalized beauty. These trends are reshaping the
industry and creating opportunities for both established players and newcomers.
The Global Jojoba Oil Market is segmented into type,
application, distribution channel, regional distribution, and company.
Based on type, the cold-pressed type
dominated the market with the highest revenue share in 2022. The growth can be
attributed to the high demand for naturally sourced, pure, chemical-free, and
high-quality products from various end-use industries including personal care,
cosmetics, and pharmaceutical among others.
Based on region, North America held a significantly
large revenue share of the market. Growth in end-use industries including
cosmetics, personal care, and pharmaceutical is to blame for this. Some of the
largest cosmetics markets, such as those in the United States, Canada, and
Mexico, are located in this area. Due to the addition of high-performance
components like omega 3, triterpenoids, and tocopherols, the jojoba oil
business in the United States is expanding and becoming more significant. These
components support the body's natural anti-inflammatory and antibacterial
properties while accelerating cell growth.
Major companies operating in Global Jojoba Oil Market
are:
- Purcell
Jojoba
- Inca
Oil SA
- Ecooil
- ConnOils
LLC
- Jojoba
Naturals
- JD
Jojoba Desert
- Hallstar
- Nutrix
International LLC
- US
Organic Group Corp
- OPW Ingredients GmbH
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“The Jojoba oil market has experienced remarkable
growth in recent years. Fueled by increasing consumer preference for natural
and organic products, its versatile applications in cosmetics and personal
care, and the rising awareness of its sustainable and eco-friendly attributes,
the market has expanded significantly. Jojoba oil's adoption in innovative
applications, such as food and biofuel production, further amplifies its growth
potential. Additionally, its emergence in emerging markets and its role in personalized
beauty solutions contribute to its rising prominence. With these factors
driving demand, the Jojoba oil market is poised for continued expansion and
diversification in the foreseeable future.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Jojoba
Oil Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Type (Cold-pressed, Refined), By Application (Cosmetics &
Personal Care, Pharmaceutical, Industrial, Others), By Distribution Channel
(B2B, B2C), By Region, By Competition, 2018-2028”, has evaluated the
future growth potential of Global Jojoba Oil Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Jojoba Oil Market.
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