PUBLISHER: Value Market Research | PRODUCT CODE: 1547829
PUBLISHER: Value Market Research | PRODUCT CODE: 1547829
The global demand for Jojoba Oil Market is presumed to reach the market size of nearly USD 293.22 Million by 2032 from USD 144.38 Million in 2023 with a CAGR of 8.19% under the study period 2024-2032.
Jojoba oil is manufactured from the seeds of jojoba. It is mainly found in hot and arid areas such as Northern Mexico, California, and Arizona. Jojoba Oil has free-fatty acid and high nutrient properties. The product is significantly used in the cosmetic, personal care, and pharmaceutical industries. It is a polyunsaturated liquid wax and is like to sebum in composition, the natural oil produced by the skin. As a result of this, it is easily absorbed by the skin. It also provides nourishment to dry skin and regulates and re-balances oil production in oily skin. Because of this, jojoba oil is extensively used by skincare brands to replace animal fats in the composition of body creams and lotions. Also, globally consumers prefer jojoba oil over any other owing to its unique qualities, which has driven pharmaceutical companies to invest heavily in research and development activities for the jojoba oil market.
The rising demand for use in personal care products such as moisturizer, skin ointment, or cream, along with enhancing consumer lifestyle, is anticipated to drive the market. In addition to this, rising awareness about product benefits is foreseen to boost sales in the near future. Furthermore, rising demand in hair care products as the oil is a rich source of vitamin B, E, and C, and minerals, such as copper and zinc, are also likely to catalyze the market growth. Expansion of the organic personal care sector in emerging countries like China and India is further projected to drive the market. Rising awareness among consumers about natural and organic cosmetics & personal care products will also have a positive impact on product demand. However, lack of commercialization and availability of substitutes for the oil may hamper the growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Jojoba Oil. The growth and trends of Jojoba Oil industry provide a holistic approach to this study.
This section of the Jojoba Oil market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Jojoba Oil market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Jojoba Oil market include Purcell Jojoba Inca Oil SA, Ecooil, ConnOils LLC, Jojoba Naturals, JD Jojoba Desert, Hallstar, Nutrix International LLC, US Organic Group Corp, OPW Ingredients GmbH. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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