The global demand for Jojoba Oil Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Tons in 2019 and foreseen to touch XX Tons by 2026 with a CAGR of XX% during 2020-2026.
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 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 inclusive assessment of each application/product segment in the global market of jojoba oil.
The entire Jojoba Oil market has been sub-categorized into application, distribution channel. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Distribution Channel
- Cosmetics & Personal care
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retailers
This section covers regional segmentation which accentuates on current and future demand for jojoba oil market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Jojoba Oil Market By Revenue (USD MN)
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 Desert Whale Jojoba Company, Eco Oil Argentina SA, Purcell Jojoba International, Egyptian Natural Oil Co., The Jojoba Company, Inca Oil SA, W. Ulrich GMBH, Earth Expo Company, El Baraka For Natural Oils, Sivkin Butik. This section includes 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.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.