The North America jojoba oil market is expected to grow at a CAGR of around 8% during 2019-2024. Jojoba oil is a colorless, odorless natural plant oil that is extracted from the jojoba seeds. It comprises vitamin E and B complex along with silicon, chromium, copper, iodine and zinc. As it regulates oil production and offers nourishment to the skin, it finds extensive application in the cosmetic, pharmaceutical, and food and beverage industry.
North America currently represents one of the leading markets for jojoba oil owing to the replacement of synthetic and chemical additives in cosmetics, personal care products, and food and beverages with natural ingredients. In the personal care industry, jojoba oil acts as an essential ingredient in skin-care products, such as moisturizer, facial cleanser and anti-acne gel, and hair-care products which include hair conditioner and hair regrowth serum. Apart from this, the development of alternative bio-lubricant feedstock has fueled the market growth in the region. Moreover, a well-established pharmaceutical industry is employing jojoba oil as an appetite suppressant, antibiotics stabilizer, and a carrier for medicine formulae.
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IMARC Group’s latest report provides a deep insight into the North America jojoba oil market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America jojoba oil market in any manner.
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