Global Jojoba Oil Market (2017-2024)- Research Nester
Global jojoba oil market size,demand,growth & Industry Analysis Report 2017 to 2024
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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<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 />
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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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