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

Global Jojoba Oil Market Overview
Jojoba oil refers to a type of liquid, extracted from the seeds of jojoba
plant. Arizona, California and Mexico are the three major producers of
jojoba all across the globe. Jojoba oil is enriched with high nutrient
properties and free fatty acid. These oils have significant use in
cosmetic industry, pharmaceutical industry, and personal care
products. Cosmetic companies such as L’Oreal, JE internationals and
others are investing heavily in the research and development activities
of the jojoba oil. Consumers worldwide prefer jojoba oil products over
other oil or wax products as jojoba oil offers high nutritious value and
less fatty acid than other oils.
Market Size and Forecast
The global jojoba oil market was accounted for USD 160.3
Million in 2016 and is anticipated to reach around USD 250
Million by the end of 2024. Further, the market is expected to
flourish at a CAGR of 5.8% over the forecast period. Jojoba oil is likely
to witness high demand owing to the increased demand from the
cosmetics industry. By application, cosmetics and personal care
products is showcased to achieve higher market value over the forecast
period owing to the rapid expansion of cosmetic industry across the
globe.
Copyright © Research Nester
www.researchnester.com