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The global jojoba oil market reached a volume of 18,211.4 Tons in 2022.
We expect the global jojoba oil market to exhibit a CAGR of 6.6% during 2023-2028.
The extensive usage of jojoba oil in producing various personal care products, such as moisturizers, anti-acne gels, hair conditioners, etc., as it is forfeited with several vitamins and minerals is primarily driving the global jojoba oil market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of jojoba oil.
Based on the application, the global jojoba oil market has been segregated into cosmetics, pharmaceutical, industrial, and others. Among these, the cosmetics segment holds the largest market share.
Based on the distribution channel, the global jojoba oil market can be bifurcated into supermarkets and hypermarkets, convenience stores, online stores, and others. Currently, supermarkets and hypermarkets exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global jojoba oil market include Purcell Jojoba International, Eco Oil Argentina SA, Egyptian Natural Oil Co, Inca Oil SA, The Jojoba Company, Desert Whale Jojoba Company, Inc., etc.
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