USD 130.8 million
Report ID:
SQSG30H2012 |
Region:
Global |
Published Date: January, 2025
Pages:
236
|Tables:
114
|Figures:
77
Global Jojoba Oil Market size was valued at USD 130.8 million in 2023 and is poised to grow from USD 140.87 million in 2024 to USD 255.01 million by 2032, growing at a CAGR of 7.7% during the forecast period (2025-2032).
A jojoba plant's seed contains 45 to 55% oil or liquid wax with chemical properties comparable to those found in sperm whale body fat. This oil can be used primarily in high pressure lubricants, waxes, and cosmetics. Jojoba oil is used in cosmetics to protect skin and delay skin ageing, which has led to an increase in its penetration in a variety of products like sunscreens, lotions, skin creams, moisturisers, lipsticks, and balms. It is used in pharmaceuticals as a carrier for medication formulations, an antibiotic stabiliser, and an appetite suppressant. Due to its many properties, including its high viscosity index, compatibility with additives, and miscibility in mineral oil base stock, jojoba oil is also used as a foam control agent, electric insulator, transformer oil, plasticizer, factice, adhesive, and more.
In addition, it has a significant lubricant function in a number of high temperature and pressure applications, including hydraulics. Additionally, it serves as transformer oil, grading oil, and cutting oil. The method that is most frequently used to obtain jojoba oil is cold-pressed extraction. The production process is straightforward, environmentally friendly, and uses little heat and chemical energy. This aids in preserving the product's original nutritional value, flavour, and aroma. As a result, manufacturers of personal care products have a high demand for cold-pressed jojoba oils. Since the oil yield is low and the product standard is not easy to meet, the technique's low output is a significant drawback.
Automation and artificial intelligence are currently entering the jojoba oil market. For instance, Jojoba Desert, a significant player in the market, has automated every step of its production, from the oil's extraction to its final packaging, in order to produce oil that is highly pure and free of contaminants. Jojoba oil is most frequently obtained through extraction. The production process is straightforward, environmentally friendly, and uses little heat and chemical energy. This aids in preserving the product's original nutritional value, flavour, and aroma. As a result, manufacturers of personal care products have a high demand for cold-pressed jojoba oils. However, the technique's low output is a major drawback because the oil yield is low and the product standard is relatively challenging to meet.
US Jojoba Oil Market is poised to grow at a sustainable CAGR for the next forcast year.
Market snapshot - 2025-2032
Global Market Size
USD 130.8 million
Largest Segment
Refined
Fastest Growth
Cold Pressed
Growth Rate
7.7% CAGR
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Global Jojoba Oil Market is segmented by Type, Source, Form, Price Range, Application, End Use Industry, Distribution Channel and region. Based on Type, the market is segmented into Cold-Pressed and Refined. Based on Source, the market is segmented into Organic and Conventional. Based on Form, the market is segmented into Liquid Oil and Powdered. Based on Price Range, the market is segmented into Economy, Mid-Range and Premium. Based on Application, the market is segmented into Skincare, Hair care, Pharmaceutical Applications, Dietary Supplements and Other Applications. Based on End Use Industry, the market is segmented into Cosmetics & Personal Care Industry, Pharmaceuticals Industry, Food & Beverages Industry and Other Industries. Based on Distribution Channel, the market is segmented into Online and Offline. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Over 60.0% of total sales in 2021 came from cold-pressed, which is expected to keep leading throughout the projected year. Due to its chemical-free and temperature-controlled extraction technique, cold-pressed demonstrates higher purity and quality than refined types. Cold-pressed oil is extracted without the use of dangerous chemical solvents, reducing the risk to the environment and the health of the user.
Additionally, processing jojoba oil at a controlled temperature (no higher than 49 degrees) helps it maintain its natural qualities, such as flavour, smell, and nutritional value. However, a number of characteristics of cold-pressed oil, including a shorter shelf life than refined types, a potent aroma, and a longer extraction process, are projected to represent a significant challenge to market expansion.
B2B sales channels became a significant distribution channel in 2021 and held a 64.5% volume share. When it comes to sales, B2B marketing in the market enables participants to build relationships with oil corporations and take advantage of the latter's goods and services. Due to the difficulty and effort involved in identifying leads, lead generation can be very challenging. Consequently, it is advised to use lead lists provided by reputable third-party providers. The need of developing online sales strategy for B2B vendors is rising as jojoba oil sales online reach historic highs.
Retail channels, online sales, and private label manufacturing are examples of B2C sales channels. Sales through internet portals have increased as a result of the product's rising appeal as a carrier for other essential oils. Consumption of products is being driven by rising consumer awareness, particularly among working-class women, regarding beauty and skin health, which is leading to an increase in direct purchases made through brick-and-mortar stores and online sales.
The application for cosmetics and personal care held the greatest volume share of around 70.0% in 2021 and is predicted to keep the lead throughout the forecast period. In skin care products like face, hand, eye, and skin-lightening creams, the product serves as an emollient and moisturiser. It helps control the skin's normal oil production and eliminate excess oil from the facial skin when used in facial formulations. It can therefore be applied to all skin types.
Due to its anti-inflammatory and calming qualities, it is also included in sunscreens and anti-tan creams. Due to its inherent aroma, it is often used as a basis in many fragrant cosmetics. Its antioxidant properties aid in increasing skin suppleness and reducing wrinkles, which imparts a young glow and slows the ageing process of the skin.
Numerous firms have been forced to switch to natural and organic sources as a result of rising customer awareness of the negative consequences of chemicals used in cosmetics. The use of natural components in cosmetics and personal care products is a major priority for major firms such L'Oréal S.A., Estée Lauder Companies, Murad LLC, and Deborah Group S.r.l. This is anticipated to increase product consumption while formulating different types of cosmetics. But because of its high stability and sebum-like qualities, jojoba oil is highly coveted in the cosmetics sector.
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The largest volume share in 2021 was over 39.0% in North America. One of the major producers and consumers of jojoba oil is North America. Over the forecast period, rising demand is anticipated to further fuel the product demand from the cosmetics, personal care, and pharmaceutical industries. Some of the largest cosmetic markets, including those in the United States, Canada, and Mexico, are found in this area.
Due to the abundance of raw materials, Mexico is one of the main producers of jojoba oil. The country's production has been shown to benefit from favourable climatic conditions. This has made sure that jojoba oil market participants have a steady supply of raw materials. The pharmaceutical and cosmetics industries receive the lion's share of the oil produced, followed by the personal care and cosmetics industries.
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The competitive landscape for the jojoba oil market gives information by competitor. Included information covers the company's executive summary, financials, revenue generated, market potential, investments in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product breadth and depth, and application dominance. Only the companies' market focus on jojoba oil is addressed in the aforementioned data points.
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According to the analysis, the cosmetics and personal care segment dominated the global Jojoba Oil Market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, the US-dominated the global Jojoba Oil Marketowing to the region's highly aware and economically stable population.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 130.8 million |
Market size value in 2032 | USD 255.01 million |
Growth Rate | 7.7% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Jojoba Oil Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Jojoba Oil Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Jojoba Oil Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Jojoba Oil Market size was valued at USD 130.8 Million in 2023 and is poised to grow from USD 140.87 Million in 2024 to USD 243.2 Million by 2032, growing at a CAGR of 7.7% during the forecast period (2025-2032).
The competitive landscape for the jojoba oil market gives information by competitor. Included information covers the company's executive summary, financials, revenue generated, market potential, investments in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product breadth and depth, and application dominance. Only the companies' market focus on jojoba oil is addressed in the aforementioned data points. 'Ecooil', 'Purcell Jojoba International', 'Desert Whale Jojoba Company', 'Inca Oil S.A.', 'Natural Plant Products Inc.', 'Egyptian Natural Oil Co.', 'Jojoba Israel Ltd.', 'La Ronna Jojoba Company', 'The Jojoba Company', 'Mother Nature's Essentials', 'Leven Rose', 'Golden Jojoba', 'Cliganic', 'ArtNaturals', 'Kate Blanc Cosmetics', 'HobaCare Jojoba', 'Radha Beauty', 'Viva Naturals', 'Now Foods', 'Desert Essence'
Because it does not oxidise, get rancid, or break down when exposed to high temperatures and pressure, jojoba oil has a long shelf life. This characteristic allows it to be utilised in a wide range of skin care products, including as moisturisers, facial cleansers, scar and stretch mark reducers, and anti-acne gels, as well as hair care products, such as conditioners, detangling creams, and hair regeneration serums.
The market is driven by both the enormous demand in the cosmetics sector and the rising use of herbal medicines. Additionally, the market expansion for jojoba oil is supported by the rapid industrial growth of emerging economies. Consumer demand for organic personal care products is also influenced by regulations from regulatory agencies like the EPA and REACH, which in turn drives the market. However, it is projected that the lack of commercialization of jojoba oil will impede market expansion.
The largest volume share in 2021 was over 39.0% in North America. One of the major producers and consumers of jojoba oil is North America. Over the forecast period, rising demand is anticipated to further fuel the product demand from the cosmetics, personal care, and pharmaceutical industries. Some of the largest cosmetic markets, including those in the United States, Canada, and Mexico, are found in this area.
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