Jojoba Oil's Magic: Jojoba Oil Market Set to Soar Past USD 225.81 Million by 2030
SkyQuest Technology Consulting Pvt. Ltd.
4 min read
SkyQuest Technology Consulting Pvt. Ltd.
The global Jojoba Oil market size is expected to reach USD 225.81 million by 2030 and exhibit a CAGR of 7.7% in the forecast period (2023−2030), according to Skyquest's latest research report. The increasing demand from the cosmetic industry, growing awareness about natural and organic products, rising consumer preference for plant-based ingredients, expanding applications in hair and skin care products, and potential health benefits associated with jojoba oil fuel the market's growth.
Westford, USA, July 16, 2023 (GLOBE NEWSWIRE) -- According to SkyQuest's latest global research of the Jojoba Oil market, increasing demand for natural and sustainable ingredients in personal care products, the rising popularity of clean beauty and organic skincare, growing interest in plant-based alternatives to synthetic chemicals, expanding use of jojoba oil in natural hair care products, the emergence of new formulations and product innovations in the cosmetic industry, growing consumer awareness about the benefits of jojoba oil for skin and hair health, adoption of jojoba oil in the aromatherapy and spa industries, rising demand for eco-friendly packaging and labelling of jojoba oil products, exploration of new markets and geographic regions for jojoba oil production and consumption, and the integration of technology and digital marketing to enhance the visibility and accessibility of jojoba oil products are the trends that aid in the market's growth.
Browse in-depth TOC on "Jojoba Oil Market"
Pages – 236
Tables - 114
Figures - 77
Jojoba oil is a liquid wax ester derived from the seeds of the jojoba plant. It is a clear, colourless, and odorless oil that is similar in consistency to sebum, the natural oil produced by the skin. Jojoba oil is often used in skin care products because it is non-comedogenic, meaning it does not clog pores. It is also a good moisturizer and can help to protect the skin from damage.
Online Retail Demand to Grow Substantially in the Forecast Period
Online Retail dominated the global online market due to the increasing popularity of e-commerce and the convenience of online shopping, online retail channels are likely to play a significant role in the jojoba oil market. Online platforms offer a wide range of products, easy accessibility, and the ability to compare prices and read customer reviews. The convenience of doorstep delivery and the global reach of online retail can attract a large customer base and drive the dominance of this distribution channel.
Cosmetics and Personal Care is the Leading Application Segment
In terms of application, the cosmetics and personal care is the leading segment due to the increasing demand for for natural and organic ingredients. In addition, it offers versatile properties that make it suitable for a wide range of cosmetic applications. It is known for its moisturizing, emollient, and soothing properties, which can help improve the texture and appearance of skin and hair. Jojoba oil is used in formulations such as creams, lotions, serums, shampoos, conditioners, and makeup products like lip balms and foundations. Its ability to mimic the skin's natural oils also makes it compatible with different skin types, further driving its demand in cosmetic products.
North America is the leading Market Due to the Availability of Raw Materials
Region-wise, North America is one of the largest growing markets with a huge availability of raw materials. It has a well-developed cosmetics and personal care industry. The region is home to numerous renowned cosmetic brands and manufacturers that use jojoba oil as a key ingredient. The presence of established players in the cosmetic industry drives the demand for jojoba oil in this region.
A recent report thoroughly analyzes the major players operating within the Jojoba Oil market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Jojoba Oil.
In January 2023, Desert Essence, a leading jojoba oil brand, partnered with The Body Shop to launch a new line of jojoba oil-based products. This partnership is expected to help both companies expand their reach in the global jojoba oil market.
Key Questions Answered in Jojoba Oil Market Report
What specific growth drivers are projected to impact the market during the forecast period?
Can you list the top companies in the market and explain how they have achieved their positions of influence?
In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market's future growth?
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
