Jojoba Oil Market Size Worth USD 276.89 Million in 2032 | Emergen Research

The global jojoba oil market size was USD 130.20 Million in 2022 and is expected to register a revenue CAGR of 7.9% during the forecast period. The global jojoba oil market is witnessing significant growth, primarily driven by the rising demand for naturally sourced cosmetics and personal care products. According to recent market research, the market is expected to expand steadily, supported by various factors including strategic initiatives by key industry players and the versatile applications of jojoba oil.

Key Market Drivers:

1. Rising Demand for Naturally Sourced Cosmetics: Consumers are increasingly opting for naturally derived ingredients in their skincare and personal care products. Jojoba oil, known for its skin-soothing properties and high content of Vitamin E and antioxidants, is witnessing heightened demand. Its effectiveness in treating skin ailments like psoriasis and its gentle nature make it a preferred choice among consumers seeking clean beauty solutions.

2. Strategic Initiatives by Industry Players: Companies in the jojoba oil market are focusing on innovation to meet consumer demands. Initiatives such as the development of multifunctional emollients, like JD Lusteris by Jojoba Desert, highlight the industry's commitment to combining nature and advanced science to create superior products for various applications in cosmetics and personal care.

3. Versatile Applications: Jojoba oil finds extensive usage beyond cosmetics and personal care, including as a lubricant, hard wax, and even fuel. Its properties make it suitable for diverse industrial applications, contributing to its growing market presence.

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Market Challenges:

Despite its numerous benefits, the market faces challenges related to the potential toxicity of jojoba oil due to its erucic acid content. This restricts its use to external applications only, posing a limitation on its potential applications.

Segment Insights:

• Jojoba Oil Type: The cold-pressed segment dominates the market due to the increasing preference for organic and natural products. Cold-pressed jojoba oil retains all its nutrients, making it ideal for sensitive skin and hair.

• Applications: Cosmetics and personal care applications hold the largest market share, driven by the demand for natural and organic products. Jojoba oil finds extensive use in hair care, skincare, and topical pharmaceutical formulations, owing to its therapeutic properties.

• Distribution Channels: Online retail channels are experiencing rapid growth, fueled by the convenience and accessibility they offer to consumers. Major e-commerce platforms witness increased sales of jojoba oil, supported by competitive pricing and attractive offers.

Future Outlook:

The global jojoba oil market is poised for steady growth, driven by consumer preferences for natural and sustainable products. Industry players are expected to focus on product innovation and expanding their distribution networks to capitalize on emerging opportunities in the market.

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Jojoba Oil Top Companies and Competitive Landscape

The global jojoba oil market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective products.

• Purcell Jojoba
• ConnOils LLC.
• Organic Crop Protectants
• Jojoba Naturals
• Jojoba Desert
• Hallstar
• Nutrix International LLC.
• US Organic Group Corp.
• Herbo Nutra.
• The Jojoba Company Australia.
• Deborah Group
• Murad LLC
• L'Oréal S.A
• Earth Expo Company

Jojoba Oil Latest Industry News

• On 3 March 2021, Recode Launched Jojoba Oil for Healthy Skin and Hair. It can be used to promote healthy hair and perfect skin. The oil is extracted using the cold-press process, which results in the highest concentration of nutrients. It was applied topically or orally to promote skin, hair, and nail health.

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Jojoba Oil Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global jojoba oil market on the basis of type, application, distribution channel and region:

• Type Outlook (Revenue, USD Million; 2019-2032)
o Cold Pressed
o Refined

• Application Outlook (Revenue, USD Million; 2019-2032)
o Cosmetics & Personal Care
o Pharmaceutical
o Industrial
o Others

• Distribution Channel Outlook (Revenue, USD Million; 2019-2032)
o Supermarket & Hypermarket
o Convenience Store
o Online Retail
o Others

• Regional Outlook (Revenue, USD Million; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

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