USD 121.3 million
Jojoba Oil Market Size, Share, Growth Analysis, By Type(Cold Pressed, Refined), By Application(Cosmetics & Personal Care), By End-Use(B2B, B2C), By Distribution Channel(Supermarkets and Hypermarkets, Convenience Stores, Online Stores, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQSG30H2012 |
Region:
Global |
Published Date: April, 2024
Pages:
236
|Tables:
114
|Figures:
77
Jojoba Oil Market Insights
Global Jojoba Oil Market size was valued at USD 121.3 million in 2019 and is poised to grow from USD 130.8 million in 2023 to USD 225.81 million by 2031, growing at a CAGR of 7.7% in the forecast period (2024-2031).
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 - 2024-2031
Global Market Size
Largest Segment
Refined
Fastest Growth
Cold Pressed
Growth Rate
7.7% CAGR
Global Jojoba Oil Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
To get more reports on the above market click here to Buy The Report
Jojoba Oil Market Segmental Analysis
Global Jojoba oil market can be divided based on segments like Type, Sales channel, application, distribution channel, and region. Based on Type the Jojoba Oil Market is further sub segmented into Cold Pressed, Refined. Based on Application the Jojoba Oil Market is further sub segmented into Cosmetics & Personal Care, Pharmaceutical, Industrial. Based on Sales Channel the market is further sub segmented into B2B, B2C. By distribution channel, the Jojoba Oil Market is segmented into Supermarkets and Hypermarkets, Convenience Stores, Online Stores, Others. Based on Region the Jojoba Oil Market is segregated into North America, Europe, the Asia-Pacific region, and LAMEA.
Jojoba Oil Market Analysis by Type
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.
Jojoba Oil Market Analysis by Sales Channel
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.
Jojoba Oil Market Analysis by Application
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.
Global Jojoba Oil Market Share By Type, 2021 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Jojoba Oil Market Regional Insights
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.
Global Jojoba Oil Market By Geography, 2021 - 2028
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Jojoba Oil Market Dynamics
Jojoba Oil Market Driver
- 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.
- 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 utilised 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.
Jojoba Oil Market Restraint
- However, a limited supply of raw materials and strict quality standards are predicted to impede the market's expansion. Particularly in Asia-Pacific, the jojoba oil market is concerned about product quality.
Request Free Customization of this report to help us to meet your business objectives.
Jojoba Oil Market Competitive Landscape
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.
Jojoba Oil Market Top Player’s Company Profiles
- 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
Jojoba Oil Market Recent Development
- In March 2021, For the Greater TortueAhmeyim project, British Petroleum hired McDermott International and Baker Hughes, a GE Company, in March 2021. Both businesses are accountable for providing the undersea umbilicals, risers, and flowlines (SURF) and subsea production system equipment under the conditions of the contract. Five large-bore deepwater horizontal Xmas trees (DHXTs), a six-slot dual-bore manifold, a pipeline end manifold, a subsea distribution unit, etc. will all be provided by Baker Hughes.
- In April 2021, Subsea 7 and L&T were given an EPCI contract by Saudi Aramco in April 2021 to work at the oil fields in Zuluf and Berri. Under the terms of the contract, subsea pipelines and oil production deck manifolds will be delivered to the Zuluf field.
Jojoba Oil Key Market Trends
- 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.
Jojoba Oil Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by the robust Secondary Desk research.
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 121.3 million |
| Market size value in 2031 | USD 225.81 million |
| Growth Rate | 7.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Jojoba Oil Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Jojoba Oil Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
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.
Analyst Support
Customization Options
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.
Regional Analysis: Further analysis of the Jojoba Oil Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
