Jojoba Oil Market Estimated to Reach 25,493 Tons Globally By 2027

IMARC Group's latest report, titled "Jojoba Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on jojoba oil market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global jojoba oil market size reached 17,020 Tons in 2021. Looking forward, IMARC Group expects the market to reach 25,493 Tons by 2027, exhibiting a growth rate (CAGR) of 7.2% during 2022-2027.

Jojoba oil is obtained from the crushed beans of the Simmondsia Chinensis plant. It is a rich source of free fatty acids, such as stearic, arachidic, erucic, lignoceric, nervonic, palmitic, oleic, behenic, and eicosenoic acids. It is a polyunsaturated liquid wax that is easily absorbed by the skin due to its sebum-like composition. Since it discourages the growth of various fungal and bacterial microbes that attack the skin without causing any allergic reactions, there has been a significant increase in the utilization of jojoba oil among the masses.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Jojoba Oil Market Trends:

The global market is majorly driven by significant growth in the cosmetics industry. This is attributed to the long shelf life of jojoba oil, which makes it an ideal ingredient in various skin care products, such as facial cleansers, anti-acne gels, moisturizers, scar and stretch mark minimizers, along with hair care products, including de-tangling creams, hair regrowth serums, and hair conditioners. Apart from this, the increasing popularity of cold-pressed jojoba oils among personal care manufacturers due to their ecological and simple production technique, retaining the original nutritional properties, is significantly supporting the market across the globe. Moreover, the growing adoption of jojoba oil in the manufacturing of several pharmaceutical products is creating a positive market outlook. Other factors driving the market further include shifting lifestyle preferences, rising consumer expenditures and extensive utilization by numerous skincare brands as a replacement for animal fats.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.
• Purcell Jojoba International
• Eco Oil Argentina SA
• Egyptian Natural Oil Co.
• Inca Oil SA
• The Jojoba Company
• Desert Whale Jojoba Company

Jojoba Oil Market Segmentation:
Our report has categorized the market based on region, application and distribution channel.

Breakup by Application:
• Cosmetics
• Pharmaceutical
• Industrial
• Others

Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Convenience Stores
• Online Retailers
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

Other Reports of IMARC Group:

Palm Oil Market: https://www.imarcgroup.com/palm-oil-processing-plant

Enhanced Oil Recovery Market: https://www.imarcgroup.com/enhanced-oil-recovery-market

High Oleic Oil Market: https://www.imarcgroup.com/high-oleic-oil-market

Almond Oil Market: https://www.imarcgroup.com/almond-oil-market

North America Jojoba Oil Market: https://www.imarcgroup.com/north-america-jojoba-oil-market

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This release was published on openPR.