Jojoba Oil Market to Reach 27,025.3 Tons by 2028 | With a Striking 6.6% CAGR - IMARC Group

IMARC Group's latest report, titled "Jojoba Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", 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 18,211.4 Tons in 2022. Looking forward, IMARC Group expects the market to reach 27,025.3 Tons by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.

What is Jojoba Oil?

Jojoba oil is a versatile liquid wax extracted from the seeds of the jojoba plant (Simmondsia chinensis). Rich in vitamins and minerals, it resembles human skin's natural oils, making it a popular ingredient in skincare and haircare products. It moisturizes without clogging pores, making it suitable for various skin types. Its antioxidant and anti-inflammatory properties contribute to skin health. It's also used to treat dry scalp and promote hair shine. Its stability and resistance to rancidity give it a longer shelf life than many other oils. Its wide-ranging benefits have positioned it as a sought-after natural ingredient in the cosmetic and wellness industries.

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What are the growth prospects and trends in the jojoba oil industry?

The global market is majorly driven by the growing demand for natural and organic skincare and haircare products. The product's chemical composition closely resembles the skin's sebum, making it a sought-after ingredient for moisturizing and nourishing skin and hair. Furthermore, the increasing consumer preference for sustainable and eco-friendly products has contributed to market expansion. Jojoba oil is often cultivated in arid regions, requiring less water and fewer resources than other oil crops, aligning with environmentally conscious consumers' values. Besides, the oil's versatility in various applications drives demand. It's used in formulations for moisturizers, serums, shampoos, conditioners, and even as a base oil for aromatherapy. This adaptability widens its potential consumer base. The rise of clean beauty and wellness trends has also played a role. Consumers are seeking products with fewer synthetic chemicals and more natural ingredients, and jojoba oil fits this criterion, positioning it as a favorable choice. Moreover, ongoing research into the oil's potential therapeutic properties, including its anti-inflammatory, antimicrobial, and antioxidant qualities, adds to its appeal in cosmetics and healthcare. Additionally, international trade and marketing efforts facilitate global market expansion, making jojoba oil accessible to a broader audience.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• 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 (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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