The global jojoba oil market was worth 14,945 Tons in 2018, growing at a CAGR of 13.1% during 2011-2018. Jojoba oil is a type of vegetable oil obtained from the crushed beans of the jojoba shrub, scientifically known as Simmondsia chinensis. It is a polyunsaturated liquid wax and is close to sebum in composition, the natural oil produced by the skin. As a result of this, it is easily absorbed by the skin, rarely causing any allergic reactions, and discourages the growth of various bacterial and fungal microbes that attack the skin. It also provides nourishment to dry skin and regulates and re-balances oil production in oily skin. On account of this, jojoba oil is extensively used by skin care brands as a replacement for animal fats in the production of body creams and lotions.
Jojoba oil has a long shelf life as it does not oxidize or become rancid and does not break down under high temperature and pressure. Owing to this property, it serves as an essential ingredient in various skin care products, such as moisturizers, facial cleansers, scar and stretch mark minimizers, and anti-acne gels; and hair care products, such as hair conditioners, de-tangling creams and hair regrowth serums. Apart from this, jojoba oil consists of several vitamins and minerals, such as vitamin E and B complex, silicon, chromium, copper, iodine, and zinc. As a result, it used as a diet supplement and a core ingredient in several pharmaceuticals products for treating sores, cuts, bruises and burns, athlete’s foot and warts. Moreover, as jojoba seeds can be cultivated after five years, the leading companies are investing in research and development (R&D) activities to develop innovative and affordable technologies to ensure a consistent supply of oil resources. Looking forward, IMARC Group expects the market to reach a volume of 25,687 Tons by 2024.
Breakup by Application:
Based on the application, cosmetics represents the largest application segment. As jojoba oil has a lasting moisturizing effect, it is increasingly being used in several cosmetics products such as exfoliators, moisturizers and body lotions.
Breakup by Distribution Channel:
At present, jojoba oil is available through all major distribution channels owing to its high demand among consumers. The report provides a detailed analysis of the sales channels mentioned above.
On the geographical front, Europe enjoys the leading position in the market. This can be attributed to the flourishing personal care and cosmetics industry in the region.
The competitive landscape of the market has been examined in the report, covering the detailed profiles of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
Key Questions Answered in This Report:
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