Global Jojoba Oil Market

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 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.

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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).

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, 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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Global Jojoba Oil Market

Report ID: SQSG30H2012

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