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