Global Jojoba Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global jojoba oil market in its upcoming report titled, “Global Jojoba Oil Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global jojoba oil market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global jojoba oil market report has been segmented on the basis of grade, application, and region.
Jojoba oil is extracted from seeds of an American shrub which are widely used in cosmetic products. Jojoba oil provides skin protection and prevents aging, resulting in increased adoption of jojoba oil in various cosmetic products such as body lotions, sunscreens, moisturizers, skin cares, lipsticks, and balms. Jojoba oil offers fatty acid and high nutrient properties to end products. Jojoba oil is majorly produced in Arizona, California, and Mexico across the globe.
Increasing demand for jojoba oil in cosmetics, and pharmaceutical industries especially in herbal medicines are major factors expected to drive growth of the global market over the forecast period. In addition, presence of numerous vitamins and minerals such as vitamin E and B complex, silicon, copper, zinc, chromium, and iodine in jojoba oil results in increased adoption of jojoba oil as a key ingredient in many pharmaceuticals products, which is another factor expected to fuel growth of the target market. Moreover, rising preference for organic personal care products among individuals and safety guidelines from regulatory bodies such as EPA and REACH regarding use of jojoba oil is further expected to support growth of this market in the near future.
However, lack of awareness about benefits of jojoba oil among individuals especially in developing countries is a key factor expected to restrain growth of the global market over the forecast period. Low yield of crop is another factor expected to hamper growth of the target market in the near future.
Ongoing trend observed in the market is rising individual preference towards herbal medicines and increasing focus on the manufacture and supply of herbal medicines by vendors in the market. This trend is expected to continue in future which is expected to support growth of the global market to a significant extent.
The market in North America dominates the global market in terms of revenue and is expected to continue its dominance over the forecast period, owing to rapidly growing cosmetics, personal care, and pharmaceutical industries especially in the US and Mexico in the region. The market in Asia Pacific is projected to have largest CAGR in terms of revenue, owing to increasing preference towards natural ingredients, rising demand for innovative and organic beauty products in various countries such as India, China, and Japan.
Global jojoba oil market segmentation:
Segmentation by grade:
- Winterised jojoba
- Lite or bleached jojoba
Segmentation by application:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Desert Whale Jojoba Company, Inc.
- Eco Oil Argentina SA
- Purcell Jojoba International
- Egyptian Natural Oil Co.
- The Jojoba Company Australia Inc.
- ULRICH GmbH
- Earth Expo Company
- El Baraka For Natural Oils
- Mosselman S.A
- LaRonna Jojoba Company
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