In terms of revenue, the Global Jojoba Oil Market is expected to reach USD 207.5 Million by 2030, growing at a CAGR (Compound Annual Growth Rate) of 7.5% from 2023 to 2030.
A growing number of industrial goods, including lubricants, paints, and chemicals, are being developed using Jojoba Oil. In order to increase lubricant viscosity, it is generally utilised as an addition. Jojoba Oil and its derivatives are becoming more well-liked as an antifoaming ingredient in the production of detergents and surfactants due to their natural nature. Jojoba Oil also works well as a coolant in aviation engines and can stop ice from forming and settling on aircraft wings. Products containing Jojoba Oil aid in the prevention of female urinary tract infections and fungus development. Due to the product's anti-inflammatory and relaxing qualities, it is used to treat body rashes in new-borns. As a growth inhibitor for a number of bacterial agents, including the tubercle bacilli that cause tuberculosis, and as a stabiliser for penicillin products, the oil is also employed in a variety of therapeutic preparations.
In topical formulations like lotions and ointments, the substance is employed as an active pharmaceutical ingredient (API). Skin that is irritated, swollen, itchy, or inflamed can be treated with creams containing Jojoba Oil. Because of its anti-bacterial qualities, the substance is quite useful in treating psoriasis. Also, it is employed in the treatment of haemorrhoids, a condition brought on by straining during bowel movements, obesity, or pregnancy.
Key Highlights from the Report
· Based on End use, the Cosmetics and Personal Care segment dominates the Jojoba Oil market with the maximum market share and will continue to dominate in the forecast period.
· In terms of region, North America holds the significant market share within the Jojoba Oil market and will continue to dominate during the forecast period.
Market revenue growth is primarily being driven by rising consumer demand for cosmetics and personal care items made with natural ingredients. Skin inflammation and dry, flaky skin are symptoms of the skin condition psoriasis, which is brought on by an overactive immune system. Jojoba Oil relieves sunburn symptoms, prevents skin damage from the sun, and helps to lessen psoriasis flare-ups brought on by chronic inflammation and pain alleviation. This effort may be facilitated by the oil's vitamin E and other antioxidants, which would then contribute to the increase in market income. Jojoba Oil is helpful because it relaxes and soothes the skin while reducing inflammation and redness. Vitamin E and B-complex vitamins make this oil one of the best components for sensitive skin, which is projected to support market revenue development.
In addition, rising demand for Jojoba Oil as a lubricant, hard wax, fuel, and other products is anticipated to fuel global revenue growth. This oil comes together to create a superior lubricant that can withstand extreme temperatures and pressure. Additionally, this oil is used as a hard wax in polishing waxes for flooring, shoes, and furniture, as well as in the auto industry, protective coatings for fruits and vegetables, candles, insulating materials, and carbon paper. These additional uses are what contribute to the market's revenue growth.
The Global Jojoba Oil Market is Segmented as follows
- Cosmetics & Personal Care
- Other Applications
- Sales Channel
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of the Key Players of the Global Jojoba Oil Market is
Purcell Jojoba (U.S.), Inca Oil S (U.S.), Ecooi (India), ConnOils LLC (U.S.), Jojoba Naturals (U.S.), JD Jojoba Desert (U.S.), Hallsta (India), Nutrix International LLC (U.S.), US Organic Group Corp. (U.S.)
The Global Jojoba Oil Market Scope can be Tabulated as below
|Market Size Provided for Years||2017 - 2030|
|Historic Years||2017 - 2021|
|Forecast Years||2023 - 2030|
|Regions & Counties Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|