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

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.