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Global Jojoba Oil Market (2017-2024)- Research Nester

Global jojoba oil market size,demand,growth & Industry Analysis Report 2017 to 2024

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<strong>Global</strong> <strong>Jojoba</strong> <strong>Oil</strong> <strong>Market</strong> Outlook: Industry<br />

Insights & Opportunity Evaluation, <strong>2017</strong>-<br />

<strong>2024</strong><br />

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Entering New Emerging <strong>Market</strong>s<br />

Launch & Viability of Product<br />

Competitive Analysis<br />

Industry Analysis<br />

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<strong>Global</strong> <strong>Jojoba</strong> <strong>Oil</strong> <strong>Market</strong> Overview<br />

<strong>Jojoba</strong> oil refers to a type of liquid, extracted from the seeds of jojoba<br />

plant. Arizona, California and Mexico are the three major producers of<br />

jojoba all across the globe. <strong>Jojoba</strong> oil is enriched with high nutrient<br />

properties and free fatty acid. These oils have significant use in<br />

cosmetic industry, pharmaceutical industry, and personal care<br />

products. Cosmetic companies such as L’Oreal, JE internationals and<br />

others are investing heavily in the research and development activities<br />

of the jojoba oil. Consumers worldwide prefer jojoba oil products over<br />

other oil or wax products as jojoba oil offers high nutritious value and<br />

less fatty acid than other oils.<br />

<strong>Market</strong> Size and Forecast<br />

The global jojoba oil market was accounted for USD 160.3<br />

Million in 2016 and is anticipated to reach around USD 250<br />

Million by the end of <strong>2024</strong>. Further, the market is expected to<br />

flourish at a CAGR of 5.8% over the forecast period. <strong>Jojoba</strong> oil is likely<br />

to witness high demand owing to the increased demand from the<br />

cosmetics industry. By application, cosmetics and personal care<br />

products is showcased to achieve higher market value over the forecast<br />

period owing to the rapid expansion of cosmetic industry across the<br />

globe.<br />

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In 2015, North America region accounted for the highest percentage<br />

share followed by Asia-Pacific. North America region held a dominant<br />

share of 39.7% in the jojoba oil market globally. Further, North<br />

America jojoba oil market was valued at USD 60.8 Million in 2016 and<br />

is expected to continue its dominance over the forecast period on the<br />

account of growing cosmetic and personal care industry in the region.<br />

U.S. and Mexico are likely to capture the largest market share by the<br />

end of <strong>2024</strong> in North America region.<br />

Asia-Pacific region is anticipated to witness stupendous growth at a<br />

CAGR of 7.6% during the forecast period i.e. <strong>2017</strong>-<strong>2024</strong>. Increasing<br />

inclination towards natural products in the Asia-Pacific countries is<br />

expected to garner the growth of global jojoba oil market. Further,<br />

rising concern of personal healthcare and increasing disposable<br />

income are anticipated to swell the demand for the jojoba oil during<br />

the forecast period.<br />

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<strong>Market</strong> Segmentation<br />

Our-in depth analysis of the global jojoba oil market includes the<br />

following segments:<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

By Application<br />

Pharmaceutical<br />

Cosmetic & Personal Care Products<br />

Industrial<br />

Others<br />

By Distribution Channel<br />

Hypermarkets/Supermarkets<br />

Convenience Store<br />

Online Store<br />

Others<br />

<br />

By Region<br />

The global jojoba oil market is further classified on the basis of region<br />

as follows:<br />

North America (U.S. & Canada) <strong>Market</strong> size, Y-O-Y growth &<br />

Opportunity Analysis<br />

Latin America (Brazil, Mexico, Rest of Latin America) <strong>Market</strong> size, Y-<br />

O-Y growth & Opportunity Analysis<br />

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Western and Eastern Europe (U.K., Germany, France, Italy, Spain,<br />

Hungary, Belgium, Netherlands & Luxembourg, Rest of Western<br />

Europe) <strong>Market</strong> size, Y-O-Y growth & Opportunity Analysis<br />

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand,<br />

South Korea and Rest of Asia Pacific) <strong>Market</strong> size, Y-O-Y growth &<br />

Opportunity Analysis.<br />

Middle East and Africa (China, India, Japan, Singapore, Australia,<br />

New Zealand, Rest of Asia) <strong>Market</strong> size, Y-O-Y growth & Opportunity<br />

Analysis<br />

Growth Drivers and Challenges<br />

Increasing awareness about the benefits of organic and natural<br />

products and rising preference for such products are anticipated to be<br />

the dynamic factor behind the growth of the jojoba oil market<br />

across the globe. In addition to this, major cosmetics companies are<br />

using jojoba oil as an ingredient in manufacturing shampoos,<br />

moisturizers, skin creams and others. Apart from this, rising trend<br />

towards manufacturing and supplying herbal medicines is also<br />

expected to intensify the growth of jojoba oil market.<br />

Rising disposable income and increasing population in the growing<br />

economies such as China, India and others is envisioned to bolster the<br />

growth of jojoba oil market over the forecast period. Increasing desire<br />

for living a healthy life is propelling the growth of the jojoba oil<br />

market. Further, the market is expected to escalate at a rapid pace<br />

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during the forecast period on the account of the rising cosmetics and<br />

personal care industry. Beside this, the increasing men grooming<br />

activities is expected to surge the demand for jojoba oil products over<br />

the next few years.<br />

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However, insufficient supply of jojoba oil is anticipated to restrain<br />

development of the global jojoba oil market. Additionally, lack of<br />

awareness in undeveloped nations and low yield of the crop is<br />

hampering the growth of the market.<br />

<br />

o<br />

o<br />

o<br />

o<br />

o<br />

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<br />

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<br />

Key Players<br />

Desert Whale <strong>Jojoba</strong> Company<br />

Company Overview<br />

Key Product Offerings<br />

Business Strategy<br />

SWOT Analysis<br />

Financials<br />

Eco <strong>Oil</strong><br />

Purcell <strong>Jojoba</strong> International<br />

Inca <strong>Oil</strong> SA<br />

The <strong>Jojoba</strong> Company<br />

Egyptian Natural <strong>Oil</strong> Co.<br />

Mosselman S.A<br />

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LaRonna <strong>Jojoba</strong> Company<br />

Del Amo Chemical Company Inc.<br />

Spectrum Chemicals & Laboratory Products<br />

Scope and Context<br />

Overview of the Parent <strong>Market</strong><br />

Analyst View<br />

Segmentation<br />

<br />

<br />

<br />

The global jojoba oil market is segmented as follows:<br />

By Application <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />

By Distribution Channel <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />

By Region <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />

<strong>Market</strong> Dynamics<br />

Supply & Demand Risk<br />

Competitive Landscape<br />

Porter’s Five Force Model<br />

Geographical Economic Activity<br />

Key Players (respective SWOT Analysis) and their Strategies and<br />

Product Portfolio<br />

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Recent Trends and Developments<br />

Industry Growth Drivers and Challenges<br />

Key Information for Players to establish themselves in current<br />

dynamic environment<br />

Related Reports:<br />

To know more about <strong>Global</strong> <strong>Jojoba</strong> <strong>Oil</strong> <strong>Market</strong>,<br />

please visit:<br />

http://www.researchnester.com/reports/jojoba-oil-market-global-demandanalysis-opportunity-outlook-<strong>2024</strong>/321<br />

http://www.researchnester.com/reports/food-thermometer-market-globaldemand-analysis-opportunity-outlook-<strong>2024</strong>/328<br />

http://www.researchnester.com/reports/baby-specialty-milk-formulamarket-global-demand-analysis-opportunity-outlook-<strong>2024</strong>/327<br />

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