The global jojoba oil market is expected to reach USD 254.2
million by 2024, according to a new report by Grand View Research, Inc. The
rising demand for organic personal care products along with formulation development
for specific consumer group is expected to create new market avenues for
cultivators and producers of jojoba oil.
Major cosmetic
manufacturers such as JE International, L'Oréal S.A, and Ole
Henriksen are undertaking extensive research & development for innovation
of jojoba oil-based formulations. The increasing penetration of jojoba oil in
cosmetic products including lipsticks, shampoos & conditioners, and skin
creams & moisturizers is expected to be a major factor in promoting growth.
The various abilities of the ingredient such as acting as an emollient and
moisturizer and prevention of aging skin have resulted in increased penetration
of jojoba oil in the overall cosmetic market.
Declining use of various harmful chemicals such as aluminum salts, phthalates,
and parabens coupled with dedicated efforts from several multinational
corporations for shifting towards sustainable products has contributed towards
the increase in consumption of organic personal care products. Cosmetics
containing natural ingredients such as aloe vera, tea extract, lime, jojoba
oil, and black sugar are expected to gain consumer importance over the next
seven years.
Full research report on jojoba oil market analysis:
http://www.grandviewresearch.com/industry-analysis/jojoba-oil-market
http://www.grandviewresearch.com/industry-analysis/jojoba-oil-market
Further key findings from the report suggest
·
Cosmetics will witness the fastest volume
growth at a CAGR of 5.5% from 2016 to 2024 as a result of rising awareness
about organic and natural products and preference towards such products in
cosmetics and personal care. Also, increasing consumer awareness regarding
grooming is expected to propel market growth further over the forecast period.
·
North America jojoba oil market was valued
at USD 58.1 million in 2015 and will show significant rise owing to increasing
penetration of the oil in various organic skin care products. The increasing
significance of natural ingredients including vegetable oils, herbs, and fruits
in various skin care products which possess anti-ageing properties is expected
to fuel demand. Growing importance of natural ingredients in providing hair
fall control, dandruff protection, and a shining effect is projected to have a
positive impact.
·
Asia Pacific will witness significant
revenue growth at a CAGR of 7.1% from 2016 to 2024 on account of rising demand
from Japan and other Southeast Asian countries. The growth of the male grooming
industry, particularly in emerging economies of the region, is expected to fuel
demand over the forecast period.
·
Key participants include Purcell Jojoba
International, Eco Oil Argentina SA, Egyptian Natural Oil Co, Inca Oil SA and
The Jojoba Company. Some of the major users of jojoba oil include Innocosma,
Skinfood Co. Ltd, Ole Henriksen, and Primavera Life.
View more reports
of this category by Grand View Research at: https://www.grandviewresearch.com/industry/personal-care-and-cosmetics
Grand View Research has segmented the global jojoba oil market on the
basis of application and region:
Application Outlook
(Volume, Tons; Revenue, USD Million, 2013 - 2024)
·
Cosmetics
·
Pharmaceutical
·
Industrial
·
Others
Regional Outlook
(Volume, Tons; Revenue, USD Million, 2013 - 2024)
·
North America
o U.S.
o Mexico
·
Europe
o Germany
·
Asia Pacific
o China
o Japan
·
Latin America
o Brazil
o Argentina
·
MEA
View Press Release of this research report by Grand View
Research: https://www.grandviewresearch.com/press-release/global-jojoba-oil-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
