Press release
Jojoba Oil Market Insights - Global Analysis and Forecast by (2024 - 2032)
Jojoba Oil Market
Market Drivers
Rising Demand for Natural Products in Cosmetics and Personal Care
One of the primary factors driving the growth of the jojoba oil market is the growing consumer preference for natural and organic products, particularly in cosmetics and personal care. Jojoba oil is known for its skin-soothing properties, making it highly effective in treating conditions such as psoriasis and sunburns. The oil contains vitamin E and other antioxidants that protect the skin from sun damage and help in reducing redness and irritation. Its ability to calm sensitive skin has made it a popular ingredient in personal care products, contributing significantly to the market's revenue growth.
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Strategic Initiatives in the Industry
The industry has also seen several strategic initiatives that support market growth. In December 2022, Jojoba Desert, a leading jojoba oil manufacturer, launched JD Lusteris, a multifunctional emollient that combines the benefits of natural jojoba oil with advanced science. The introduction of innovative products like this highlights the increasing focus on natural ingredients with advanced performance, driving market demand.
Expanding Applications Beyond Cosmetics
Beyond the personal care segment, jojoba oil is also gaining traction as a lubricant, hard wax, and fuel. Its unique properties allow it to withstand high pressure and temperatures, making it ideal for various industrial applications. Jojoba oil is used in polishing waxes, protective coatings for fruits and vegetables, as well as in candles, carbon paper, and insulating materials. These diverse applications contribute to the steady expansion of the jojoba oil market.
Market Restraints
While the market is poised for growth, certain restraints remain. Jojoba oil contains erucic acid, a chemical that makes it unsuitable for consumption. When ingested, it can cause adverse health effects such as diarrhea, stomachache, and dry eyes. Furthermore, some individuals may experience allergic reactions, including rashes and itching when applying the oil topically. These factors may slow the market's growth in some regions.
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Segment Insights
Cold Pressed Jojoba Oil Dominates the Market
On the basis of type, the market is segmented into cold-pressed and refined jojoba oil. The cold-pressed segment accounted for the largest market share in 2022 due to the growing demand for organic and 100% natural oils. Cold-pressed jojoba oil retains its nutrients and flavor, making it highly popular for sensitive skin and hair care products. Its rich content of vitamin E and antioxidants also makes it a popular choice for anti-aging and skin-brightening products.
Cosmetics and Personal Care: Leading Application Segment
In terms of application, the cosmetics and personal care segment holds the largest share of the market. Jojoba oil is widely used in hair care products to reduce hair fall and improve hair quality. It is also found in lipsticks, makeup removers, nail polish, and other skincare products. The product's anti-bacterial and anti-inflammatory properties make it an effective solution for treating skin conditions such as psoriasis and hemorrhoids, further boosting its demand in the personal care sector.
Online Retail Grows as a Key Distribution Channel
The online retail segment is expected to dominate the jojoba oil market during the forecast period. The increasing use of smartphones and the strong presence of e-commerce platforms such as Amazon and Walmart have shifted consumer preferences toward online shopping. With benefits like lower pricing, secure payment options, easy returns, and doorstep delivery, online retail has become a key driver of sales in the jojoba oil market.
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.
Some of the major companies included in the global jojoba oil market report are:
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 Updates
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 Segmentation 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)
Cold Pressed
Refined
Application Outlook (Revenue, USD Million; 2019-2032)
Cosmetics & Personal Care
Pharmaceutical
Industrial
Others
Distribution Channel Outlook (Revenue, USD Million; 2019-2032)
Supermarket & Hypermarket
Convenience Store
Online Retail
Others
Regional Outlook (Revenue, USD Million; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
Jojoba Oil Market Snapshots
Jojoba Oil Market Size: https://www.emergenresearch.com/industry-report/jojoba-oil-market/market-size
Jojoba Oil Market Share: https://www.emergenresearch.com/industry-report/jojoba-oil-market/market-share
Jojoba Oil Market Trends: https://www.emergenresearch.com/industry-report/jojoba-oil-market/market-trends
Jojoba Oil Regional Market Demand: https://www.emergenresearch.com/industry-report/jojoba-oil-market/regional-market-demand
Jojoba Oil Market Analysis: https://www.emergenresearch.com/industry-report/jojoba-oil-market/market-analysis
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
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About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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Jojoba Oil Market Research Report
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World Jojoba Oil Market
Executive Summary
Jojoba Oil market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles…
