Global Jojoba Oil Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Jojoba is a perennial shrub native to northern Mexico and the southwestern United States. The seed of the jojoba plant contains 45 to 55 percent oil or liquid wax, which has chemical properties similar to sperm whale body fat. This oil is best suited for use in cosmetics, waxes, and high-pressure lubricants.

Data Bridge Market Research analyses that the jojoba oil market was valued at USD 135 million in 2021 and is expected to reach the value of USD 353.84 million by 2029, at a CAGR of 12.80% during the forecast period of 2022 to 2029.

Market Definition

Jojoba oil is a type of vegetable oil derived from the crushed beans of the jojoba shrub, simmondsia chinensis. It is a polyunsaturated liquid wax with a similar composition to sebum, the natural oil produced by the skin.

Report Scope and Market Segmentation

Jojoba Oil Market Dynamics

Drivers

• Long shelf life as well as growing demand from personal care industry

Jojoba oil has a long shelf life because it does not oxidise or become rancid and does not degrade when subjected to high temperatures and pressure because of this property, it is used in a variety of skin care products, including moisturisers, facial cleansers, scar and stretch mark minimizers, and anti-acne gels, as well as hair care products, including conditioners, de-tangling creams, and hair regrowth serums.

• The growing application in supplement and pharmaceutical industries

In addition, jojoba oil contains a variety of vitamins and minerals, including vitamin E and B complex, silicon, chromium, copper, iodine, and zinc. As a result, it is used as a diet supplement and as a key ingredient in several pharmaceutical products for the treatment of sores, cuts, bruises, and burns, as well as athlete's foot and warts. Furthermore, because jojoba seeds can be cultivated after five years, leading companies are investing in R&D activities to develop innovative and cost-effective technologies to ensure a consistent supply of oil resources.

Opportunity

Increased disposable income and standard of living are the major factors driving the growth of the jojoba oil market; increased demand for personal care products drives the market rapidly. The variety of jojoba oil applications in personal care products is expanding rapidly, which is likely to create new opportunities for jojoba shrub oil market manufacturers during the forecast period.

Restraints

However, the market's growth is expected to be hampered by a limited supply of raw materials and stringent quality standards. The jojoba oil market is concerned about product quality, particularly in Asia-Pacific.

This jojoba oil market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the jojoba oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Jojoba Oil Market

The virus has had a significant impact on jojoba oil manufacturing industry, causing production and factory operations to be halted. It all started in China, which is the global hub for the supply of raw materials to companies, and then spread to the entire supply chain for manufacturing companies. Furthermore, the United Nations Conference on Trade and Development (UNCTAD) predicts that global jojoba oil market will fall as a result of a drop in manufacturing company operations due to factory shutdown. As a result, the COVID-19 outbreak is expected to slow global investment in the jojoba oil manufacturing sector. This scenario has reduced demand for jojoba oil, particularly in 2020.

Global Jojoba Oil Market Scope

The jojoba oil market is segmented on the basis of grade and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Grade

• Winterised Jojoba and Lite
• Bleached Jojoba
• Others

Application

• Cosmetics
• Pharmaceutical
• Industrial
• Others

Jojoba Oil Market Regional Analysis/Insights

The jojoba oil market is analysed and market size insights and trends are provided by country, of source, application, form and product as referenced above.

The countries covered in the jojoba oil market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Turkey, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Japan, Thailand, Indonesia, New Zealand, Vietnam, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, South Africa, Kuwait, Qatar, Oman, Saudi Arabia, U.A.E., and rest of the Middle East and Africa, Brazil, Argentina & rest of South America.

North America had the highest volume share. North America is a major producer and consumer of jojoba oil. Rising demand from the cosmetics, personal care, and pharmaceutical industries is expected to drive product demand even further over the forecast period. The region is home to some of the world's most important cosmetic markets, including the United States, Canada, and Mexico. Because of the availability of raw materials, Mexico is one of the leading producers of jojoba oil. Favourable climatic conditions have been shown to positively contribute to the country's production. This has ensured a steady supply of raw materials for market participants. The majority of the oil produced is sold to cosmetics and personal care companies, followed by the pharmaceutical and chemical industries.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Jojoba Oil Market Share Analysis

The jojoba oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Jojoba Oil market.

Some of the major players operating in the jojoba oil market are:

• Desert Whale Jojoba Company (U.S)
• Ecooil (Argentina)
• Purcell Jojoba (U.S)
• Egyptian Natural Oil Co. (Egypt)
• The Jojoba Company Australia Inc. (Australia)
• Inca Oil SA (Germany)
• W. Ulrich GMBH (Germany)
• Earth Expo Company (India)
• SivkinDotik (Slovania)
• EI Baraka For Natural Oils (Egypt)
• L'Oréal S.A (France)
• Estée Lauder Companies (U.S)
• Murad LLC (U.S)
• Deborah Group S.r.l (Italy)

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