Jojoba Oil Market Size, Share, And Growth Report 2032

Jojoba Oil Market Size

According to a report from Zion Market Research, the global Jojoba Oil Market was valued at USD 146.62 Million in 2023 and is projected to hit USD 283.46 Million by 2032, with a compound annual growth rate (CAGR) of 7.6% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Jojoba Oil Market industry over the next decade.

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Global Jojoba Oil Market: Overview

Jojoba oil is derived from plant seeds of the jojoba plant. The plant can easily be grown in the southwestern part of the U.S.  Since 1970, manufacturers have started using jojoba oil in cosmetics. Today, jojoba oil can be found in nail, skin, and hair products. The oil contains vitamin B, vitamin C, zinc, and copper.  It is predominantly used for dandruff remedies. Apart from this, it can also be prominently used in hair loss treatment. Jojoba oil is also having strong demand from the skin treatment market.     

Global Jojoba Oil Market: Growth Factors

Aging causes wrinkles. Wrinkles are an ordinary part of the aging process. As people get older, their skin gets drier, thinner, less elastic, and less able to protect itself from damage. This leads to, creases, wrinkles, and lines on the skin. Cosmetic creams are prominently used to reduce wrinkles.

According to data published by the National Institutes of Health, the world’s older population continues to grow at an unprecedented rate. In 2015, 8.5% of people worldwide (617 million) are aged 65 and over. As jojoba oil is predominantly used in anti-aging skincare products, higher demand for cosmetics is anticipated to surge demand for jojoba oil.

In addition to this, the demand for jojoba oil in natural and organic cosmetics is surging rapidly. The prolonged use of chemical-based cosmetic ingredients causes a negative impact on human skin. As jojoba oil is used as a basic raw material in cosmetics, the shift towards natural and organic cosmetics is anticipated to fuel demand for jojoba oil.

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Global Jojoba Oil Market: Segmentation

Based on segments global jojoba oil market is bifurcated into type, application, and sales channel. 

On the basis of type global jojoba oil is split as refined, cold-pressed. As cold-pressed oil is more chemical-free than refined oil; the segment is estimated to hold a major share in forthcoming years.

Based on application, the jojoba oil market is further bifurcated into categories such as pharmaceutical, cosmetics & personal care, industrial, and others. The demand from the cosmetic and personal care industry is anticipated to hold a prominent share of the global jojoba oil market.

Also, due to the harmful effects of chemical-based cosmetics demand for organic and natural oil is gaining traction in coming years, which is anticipated to surge demand for jojoba oil. On the basis of sales channels, the jojoba oil market is divided into categories such as B2B and B2C. The B2B market is expected to hold a major share owing to its prominent application as a raw material in end-user industries.

Jojoba Oil Market: Report Scope

Global Jojoba Oil Market: Regional Analysis

On the basis of region, the global jojoba oil market can be split into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. As the U.S. is one of the producers and plantation countries of jojoba oil; it is strongly consumed in the North American region. Moreover, an increase in the aging population along with high consumer spending power is anticipated to fuel the demand from the region.

Apart from the U.S., Mexico is a prominent country that grows jojoba trees.  The supporting climatic conditions in the region are favoring plant growth. Also, personal care industries and cosmetic industries within the region are strongly demanding jojoba oil as a prominent raw material.

Global Jojoba Oil Market: Competitive Players

Prominent players in the jojoba oil market are 

• Gustav Heess Oleochemical Products
• PurCell Jojoba
• Jojoba Naturals
• Inca Oil SA
• JD Jojoba Desert
• Vantage Specialty Chemicals.Inc.
• Ecooil
• Sivkin Butik
• El Baraka For Natural Oils
• Earth Expo Company
• Desert Whale Jojoba Company
• W. Ulrich GMBH
• Egyptian Natural Oil Co.
• and Others. 

The global jojoba oil market is segmented as follows:

By Type

• Refined
• Cold-Pressed

By Application

• Pharmaceutical
• Cosmetics & Personal Care
• Industrial
• And Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa