Global Jojoba Oil Market Size, Trends and Growth Opportunity, By Type, By Application, By Distribution Channel, By Grade, By Region, and Forecast till 2027.

Global Jojoba Oil Market Size, Trends and Growth Opportunity, By Type, By Application, By Distribution Channel, By Grade, By Region, and forecast till 2027.

Global Jojoba Oil Market

Global Jojoba Oil Market was valued at USD 135 million in 2021 would accelerate up to USD 285.8 million by 2027 at a CAGR of 6.5 % from 2022-2027.

A type of vegetable oil named as jojoba oil is made from the crushed beans of the jojoba plant, Simmondsia chinensis. It is a polyunsaturated liquid wax that resembles the sebum, or natural oil, that the skin produces. Jojoba oil is a fantastic cosmetics ingredient. It supports skin repair and protects skin from pollutants outside. It is additionally regarded as the skin's initial line of defence. As a result, jojoba oil is regarded as a natural sebum substitute. Jojoba oil is regarded as a great skincare option when the skin is unable to create enough sebum to protect the skin from the harsh elements of nature. This oil contains a number of important vitamins, including Vitamin E and Vitamin B, as well as minerals like copper, zinc, and others. Human skin tends to produce less sebum as people age, which results in dull, dry skin. When used on the skin, jojoba oil can be extremely useful. In order to encourage hair development, jojoba oil derivatives are frequently used in hair care products. Additionally, it effectively heals dandruff, a very prevalent hair issue.

Market Drivers

The demand for personal care and cosmetic items including shampoo, conditioners, and moisturisers is driven by rising consumer spending and an improved lifestyle, which in turn is promoting market expansion. The ability of jojoba oil to preserve skin and delay skin ageing has increased demand for it in the manufacturing of numerous cosmetic products, including sunscreens, lotions, skin creams, moisturisers, lipsticks, and balms, which is driving the global market. In pharmaceutical goods, it also serves as a carrier for medication formula, an antibiotic stabiliser, and an appetite suppressant. The market is driven by high demand from the cosmetics sector and rising use of herbal medicines. The market for jojoba oil is also expected to develop due to the strong industrial growth rates in emerging economies. Additionally, the market is driven by customer preference for organic personal care products, which is influenced by regulations from regulatory agencies like the EPA and REACH.

Market Restraints

The market's expansion is predicted to be hampered by the lack of commercialization of jojoba oil. The lack of raw resources and high-quality requirements are predicted to hinder the market's growth. The quality of the products is an issue for the jojoba oil market.

Impact of COVID-19

The virus significantly affected the jojoba oil manufacturing sector, resulting in a halt to production and factory operations. The whole supply chain for manufacturers was affected by it after starting in China, the world's centre for the supply of raw materials to businesses. In addition, the United Nations Conference on Trade and Development (UNCTAD) forecasts a decline in manufacturing firm activities as a result of plant closures, which will negatively impact the worldwide jojoba oil industry. The COVID-19 epidemic is therefore anticipated to reduce international investment in the jojoba oil manufacturing industry. Jojoba oil consumption has decreased as a result of this circumstance, especially in 2020.

Market Segmentation

The Global Jojoba Oil Market is segmented into Type, Application, Distribution Channel & Grade. By Type such as Cold Pressed, Refined. By Application such as Cosmetics & Personal Care, Pharmaceutical, Industrial, Others. By Distribution Channel such as Supermarkets and Hypermarkets, Convenience Stores, Online Stores, Others. By Grade such as Winterised Jojoba, Lite Jojoba (Bleached Jojoba).

Regional Analysis

The Global Jojoba Oil Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The largest volume share in 2019 was over 39.0 percent in North America. One of the major producers and consumers of jojoba oil is North America. Over the projection period, rising demand is anticipated to further fuel the product demand from the cosmetics, personal care, and pharmaceutical industries. Due to the abundance of raw resources, Mexico is one of the main manufacturers of jojoba oil. The country's production has been shown to benefit from favourable climatic circumstances.

Key Players

Various Key Players are listed in this report such as Jojoba Naturals, JD Jojoba Desert, Ecooil, Gustav Heess Oleochemical Products GmbH, Inca Oil SA, Purcell Jojoba, Vantage Specialty Chemicals, Inc.

Market Taxonomy

By Type

• Cold Pressed
• Refined

• Cosmetics & Personal Care
• Pharmaceutical
• Industrial
• Others.

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores
• Others.

• Winterised Jojoba
• Lite Jojoba (Bleached Jojoba).

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa