Jojoba Oil Derivatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Jojoba Oil Derivatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global jojoba oil derivatives market size reached US$ 178.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 280.7 Million by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2022-2028.

Jojoba oil is a humectant ingredient extracted from the seeds of Simmondsia Chinensis. Its derivatives are smooth, emollient, and non-greasy, allergenic and comedogenic that assist in maintaining the natural balance of the skin. These derivatives are utilized in the manufacturing of a broad range of cosmetic and personal care products, including oils, soaps, creams, lotions, shampoos, conditioners, moisturizers, foundations, mascara, lipsticks and lip gloss. As they exhibit excellent oxidative stability and solubility, jojoba oil derivatives are also used as a natural additive in lubricant formulations. Moreover, they find application in the food and beverage (F&B) industry as a coating agent.

The rising awareness about the benefits of jojoba oil derivatives, such as healing sunburns, treating dry scalp, preventing chapped lips, stimulating hair growth, managing psoriasis and eczema, and reducing premature aging signs and stretch marks, represents one of the key factors impelling the market growth. Moreover, due to the non-allergenic property of jojoba oil, its derivatives are utilized in the formulation of baby care products. The increasing expenditure of parents on personal hygiene products for infants and children is contributing to the market growth. Apart from this, as jojoba oil does not oxidize and become rancid, its derivatives are combined with biobased and petroleum-based base oils to extend their overall shelf life. Furthermore, as jojoba oil derivatives are biodegradable, edible and economical, their popularity is anticipated to increase over other vegetable oils.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global jojoba oil derivatives market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product and application.

Breakup by Product:

Jojoba Butter

Jojoba Alcohol

Jojoba Esters

Jojoba Proteins

Jojoba Wax

Others



Breakup by Application:

Personal Care and Cosmetics

Hair Care

Skin Care

Color Cosmetics

Sun Care

Body Care

Others

Food and Beverage

Industrial Coatings and Lubricants

Pharmaceuticals

Others



Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa



Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Ecooil, Hallstar, Inca Oil SA, Jojoba Desert Inc., LaRonna Jojoba Company, Nutrix International LLC, Provital, Purcell Jojoba, The Jojoba Company Australia and Vantage Specialty Chemicals.

Key Questions Answered in This Report:

How has the global jojoba oil derivatives market performed so far and how will it perform in the coming years?

What has been the impact of COVID-19 on the global jojoba oil derivatives market?

What are the key regional markets?

What is the breakup of the market based on the product?

What is the breakup of the market based on the application?

What are the various stages in the value chain of the industry?

What are the key driving factors and challenges in the industry?

What is the structure of the global jojoba oil derivatives market and who are the key players?

What is the degree of competition in the industry?