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In-depth analysis of the COVID-19 impact on the Jojoba Oil Market 2020-2027

04-13-2020 03:39 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Jojoba, native to the hot arid areas of Northern Mexico and South Western U.S., is a perennial shrub. The seed from jojoba plant consists of 45 to 55% oil or liquid wax having chemical properties similar to the body fat obtained from sperm whale. This oil is suitable to be mainly used in cosmetics, waxes, and high pressure lubricants.

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In cosmetics, jojoba oil is employed for providing skin protection and prevent aging, resulting in its increased penetration in different cosmetics such as sunscreens, lotions, skin creams, moisturizers, lipsticks, and balms. In pharmaceuticals, it is utilized as a carrier for medicinal formulae, antibiotics stabilizer, and appetite depressant. Jojoba oil is also used as foam control agent, electric insulator, transformer oil, plasticizer, factice, adhesive, and more, owing to its various characteristics such as great viscosity index, compatibility with additives, and miscibility in mineral oil base stocks. Apart from that, it plays a major role as lubricant in various high temperature and pressure applications such as hydraulics. Moreover, it acts as transformer oil, grading, and cutting oil as well.

Huge demand in cosmetics industry and rise in application in herbal medicines drive the market. Also, high industrial growth rate in emerging economies supports the jojoba oil market expansion. Besides, guidelines from regulatory bodies such as EPA and REACH is another factor that results in consumer preference for organic personal care products, subsequently, driving the market. However, lack of commercialization of jojoba oil is anticipated to hamper the market growth.

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The report segments the jojoba oil market on the basis of grade, application, and geography. Based on grade, the market is divided into winterised jojoba and lite or bleached jojoba. By application, the market is classified into cosmetics, pharmaceutical, industrial, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Comprehensive Competitive Analysis And Profiles Of Major Market Players Provided In The Report Are:

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

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

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