Jojoba Oil Market Report Analysis, Industry Trends, Share, Size, Growth and Forecast 2019-2024

Global Jojoba Oil Market Research Report and Forecast 2024

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Report Description Global Jojoba Oil Market Overview:

IMARC Group’s latest report, titled “Jojoba Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the global jojoba oil market reached a volume of 14,945 Tons in 2018, exhibiting a CAGR of 13.1% during 2011-2018. Jojoba oil is a type of vegetable oil extracted from the crushed beans of the jojoba shrub. It occurs in the form of a liquid wax which is similar to sebum, an oil produced naturally by the human skin. Jojoba oil acts against the growth of any fungal or bacterial microbes which are harmful for the skin and also offers nourishment to dry skin. As it is a rich source of various fatty acids, many manufacturers are using jojoba oil instead of animal fats for the production of skin creams and lotions.

Jojoba Oil Market Trends Jojoba oil extends the shelf-life of the end-products as it does not break down, become rancid or oxidise under high pressures and temperatures. On account of this, the manufacturers have started producing herbal products by using jojoba oil as one of the main ingredients. Moreover, an increase in disposable incomes across emerging nations, such as India and China, as well as a rapid rise in awareness among the consumers about the availability and benefits offered by natural and organic products are some of the other factors positively impacting the market growth.

Report Description and Highlights

157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

In Billion US$

Report Description

180 160 140 120 100 80 60 40 20 0

160.0 2019

170.6

175.9

181.2

186.5

165.3

2020

2021

2022

2023

2024

However, low yield of the crop and insufficient supply of jojoba oil act as primary obstacles for the growth of the market. Looking forward, the market is projected to reach a volume of 25,687 Tons by 2024.

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Report Description

For more information, click here: https://www.imarcgroup.com/prefeasibility-report-jojoba-oil-processing-plant Key Market Segmentation: Market Segmentation by Applications • • • •

Cosmetics Pharmaceutical Industrial Others

Jojoba oil currently finds myriad applications across the cosmetics, pharmaceuticals and industrial sectors. Amongst these, the cosmetics sector dominates the market, holding majority of the market share. This can be accredited to the lasting moisturising effect of jojoba oil due to which it is increasingly being used in the production of several skin care products such as exfoliators, moisturisers and lotions.

Market Segmentation by Distribution Channel

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Report Description • • • •

Supermarkets and Hypermarkets Convenience Stores Online Stores Others

Based on the distribution channel, the market has been segregated into supermarkets and hypermarkets, convenience stores, online stores and others.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Others

On a geographical front, Europe represents the largest market for jojoba oil. This can be attributed to the flourishing personal care and cosmetics industry in the region. Europe is followed by North America, Asia Pacific, Latin America and Others.

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Report Description Competitive Landscape:

The competitive landscape of the market has also been examined with some of the 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 Report North America Jojoba Oil Market Report: https://www.imarcgroup.com/north-america-jojoba-oil-market Castor Oil Market Report: https://www.imarcgroup.com/castor-oil-manufacturing-plant

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