Jojoba Oil Market Size Worth $270.81 Million By 2032 | CAGR: 7.5%

The global jojoba oil market size is expected to reach USD 270.81 million by 2032, according to a new study by Polaris Market Research. The report “Jojoba Oil Market Share, Size, Trends, Industry Analysis Report, By Type; By Application (Cosmetics & Personal Care, Pharmaceutical); By Sales Channel; By Grade; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Jojoba oil has gained significant attention in the market due to its versatility, eco-friendliness, and multi-functional properties, making it a demandable ingredient in various industries such as cosmetics, healthcare, and food. The global demand for natural and organic products is on the rise, supplying huge opportunities for jojoba oil to serve as a growth factor for the market. Its promising growth course is expected to stimulate further development and progress in the future.

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Apart from the aforementioned factors, the growing consumer preference for eco-friendly and sustainable products across various industries is also contributing to the growth of the jojoba oil market. The unique properties of jojoba oil, such as long shelf life, stability, and high oxidative stability, have made it a popular ingredient in the cosmetics and personal care industry, further fueling its growth potential.

Additionally, the expanding scope of application of jojoba oil in pharmaceuticals and industrial applications is expected to contribute to its growth in the future, showing a positive growth outlook for the market.

For instance, in April 2022, Jojoba Desert has collaborated with the Lycored to form JD Phyto-or 1 percent, which led to the natural skin repair, with enhanced skin elasticity, improved skin tone, reduces the appearance of wrinkles, protect the skin from reactive oxygen species and UV radiation damage,  and benefits of healthy hair.

Jojoba Oil Market Report Highlights

• Cosmetics & personal care segment accounted for largest market share due to growing benefits of jojoba oil, such as its ability to moisturize, alleviate inflammation, skin tightening and combat aging.
• The refined jojoba oil segment held a significant market revenue share due to its increasing demand for natural and organic products in the cosmetics, personal care, and pharmaceutical industries is expected to drive the growth of the refined jojoba oil segment in the forecast period.
• Winterized jojoba oil is a process having growing demand in cosmetics, personal care, and pharmaceuticals due to its stability at low temperatures and moisturizing properties. The process cuts waxy esters from the oil, making it ideal in skincare products such as lip balms and lotions.
• The B2B segment led the industry with a holding of significant revenue share and plays a significant role, also jojoba oil sold in bulk quantities to other businesses for further processing and use in their products.
• North America region dominated the market in 2022, accounting highest revenue owing to the expansion of the refined oil and cosmetics & personal care sector in such countries.
• The global key market players include Purcell Jojoba, Inca Oil, Ecooil, ConnOils, Jojoba Naturals, and Jojoba Desert.

Polaris Market Research has segmented the jojoba oil market report based on type, application, sales channel, grade, and region:

Jojoba Oil Market, Type Outlook (Volume - Tons, Revenue - USD Million, 2019 - 2032)

• Cold Pressed
• Refined

Jojoba Oil Market, Application Outlook (Volume – Tons, Revenue - USD Million, 2019 - 2032)

• Cosmetics & Personal Care
• Pharmaceutical
• Industrial
• Others

Jojoba Oil Market, Sales Channel Outlook (Volume – Tons, Revenue - USD Million, 2019 - 2032)

• B2B
• B2C

Jojoba Oil Market, Grade Outlook (Volume – Tons, Revenue - USD Million, 2019 - 2032)

• Winterized
• Lite Jojoba (Bleached Jojoba)

Jojoba Oil Market, Regional Outlook (Volume – Tons, Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada
• Mexico

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Thailand
• Australia
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Qatar