A recent report published by Infinium Global Research on jojoba oil market provides an in-depth analysis of segments and sub-segments in the global as well as the regional jojoba oil market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional jojoba oil market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global jojoba oil market. According to the report, the global jojoba oil market is projected to grow at a CAGR of 7.5% over the forecast period of 2019-2025.
Jojoba oil produced from the jojoba plant, owing to its nutritional and moisturizing properties many of the cosmetic and personal care industries are focused around it. The regional presence of this plant is in southern California, southern Arizona, and northwestern Mexico. This oil can be used to treat cradle cap, to promote hair growth and also helps in delay aging. Owing to such properties the investors are largely focusing on the utilization of jojoba oil in various sectors.
Increasing demand for jojoba oil in the cosmetics and personal care sector is one of the major factors fuelling market growth. Beneficial ingredients in jojoba oil such as vitamin E, vitamin B complex, silicon, chromium, copper, and zinc has increased its importance in the cosmetic sector. Additionally, jojoba oil contains a high percentage of iodine i.e. around 82 percent that gives jojoba oil its power to heal. Furthermore, the rising demand for jojoba oil in hair care products all over the globe is another factor contributing to the growth of the market. Jojoba oil helps balance sebum production and can be used to eliminate oily scalp problems owing to such properties' use of jojoba oil is growing in the hair care sector. On the other hand, the high cost associated with jojoba oil and region-specific availability can hamper the growth of the market. However, huge demand in the cosmetics industry and a rise in application in herbal medicines will boost the growth of the market in the forecast period.
Based on the region, the jojoba oil market is segmented into North America, Europe, Asia-Pacific, and RoW. North America dominated the market in 2018 and is anticipated to grow with a high CAGR in the forecast period, followed by Europe. Growing demand from the cosmetics and personal care industry, increasing research activities for the development of organic personal care products and the presence of a large number of key manufacturers are likely to contribute to the growth of the region. The Asia-Pacific is a high potential market for the growth of the jojoba oil market.
The report on global jojoba oil market covers segments such as grade and application. On the basis of grade, the sub-markets include winterized jojoba and lite, and bleached jojoba. On the basis of application, the sub-markets include cosmetics and personal care, pharmaceutical, industrial, and other application.
The report provides profiles of the companies in the market such as Desert Whale Jojoba Company, Eco Oil Argentina SA, Purcell Jojoba International, Egyptian Natural Oil Co., The Jojoba Company, Inca Oil SA, W. Ulrich Gmbh, Earth Expo Company, EL Baraka for Natural Oils, Sivkin Butik, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of jojoba oil market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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