San Francisco 2 May 2019 The
Report Jojoba Oil Market Analysis By Application (Cosmetics, Pharmaceutical, Industrial)
And Segment Forecasts To 2024
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.
Access Research Report of 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.
Browse 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
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Jojoba Oil Market@ 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.
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