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Global Jojoba Oil Market Expected to Reach 22,000 Tons by 2022

08-24-2017 09:34 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Global Jojoba Oil Market Expected to Reach 22,000 Tons by 2022

The global jojoba oil market has witnessed a strong growth over the years owing to the increasing applications of jojoba oil in the cosmetics and pharmaceutical industries. This is a result of its diverse functional properties that make it an essential ingredient in skin- and hair-care products.

Request sample report @ http://www.imarcgroup.com/request?type=report&id=117&flag=B

According to the latest report by IMARC Group, “Jojoba Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global jojoba oil market reached a volume of 12,000 Tons in 2016, growing at a CAGR of around 12% during 2009-2016. Obtained from the crushed beans of the jojoba shrub, jojoba oil is a type of vegetable oil in the form of liquid wax. It is close to sebum in composition, the naturally produced oil by human skin, hence it nourishes the skin and helps it retain moisture. Jojoba oil also acts as a defense barrier, discouraging the growth of any bacterial or fungal microbes that may be harmful for the skin. Due to these properties, it is extensively being used as a replacement of animal fats in the production of skin creams and lotions.

Highlights of the global jojoba oil market:

Expanding applications of jojoba oil remain the major growth driving factor.

The cosmetics industry represents the largest application segment, accounting for the majority of the total share.

Europe is the largest market for jojoba oil, followed by North America.

The jojoba oil market is currently being stimulated by its widening applications in various sectors. In the cosmetics sector, jojoba oil is primarily used in several skin-care products like anti-acne gel, moisturizer, facial cleanser, scar minimizer, etc.; and hair-care products, such as hair conditioner, de-tangling cream, hair regrowth serum, etc. Apart from this, jojoba oil is a vital component of numerous pharmaceutical products since it possesses a number of vitamins and minerals such as silicon, chromium, copper, iodine and zinc. It also acts as a stabilizer for anti-biotics, as an appetite depressant, and for treating canker sores, cold sores, athlete’s foot and warts. As a result of these factors, the market is expected to reach a volume of more than 22,000 Tons by 2022.

On the basis of key applications, the jojoba oil market has been segmented into cosmetic, pharmaceuticals and industrial sectors. Currently, the cosmetic sector accounts for the majority of total market share. Region-wise, Europe dominates the market followed by North America, Asia Pacific and Latin America. On evaluating the competitive landscape, it is found that the key players operative in the jojoba oil market are Purcell Jojoba International, Eco Oil Argentina SA, Egyptian Natural Oil Co., Inca Oil SA, The Jojoba Company, and Desert Whale Jojoba Company.

Read full report with TOC @ http://www.imarcgroup.com/prefeasibility-report-jojoba-oil-processing-plant

The report by IMARC Group has examined the jojoba oil market on the basis of:

Application:

Cosmetic sector
Pharmaceutical sector
Industrial sector

Region:

Europe
North America
Asia Pacific
Latin America

Key players:

Purcell Jojoba International
Eco Oil Argentina SA
Egyptian Natural Oil Co
Inca Oil SA
The Jojoba Company
Desert Whale Jojoba Company

Browse related reports :

Castor Oil Market @ http://www.imarcgroup.com/castor-oil-manufacturing-plant

Bath Soap Market @ http://www.imarcgroup.com/bath-soap-manufacturing-plant

About us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us

IMARC Group
309 2nd St, Brooklyn, NY 11215, USA
Website: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal

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