The global Jojoba oil Market is estimated to reach USD 271.2 Million by 2028, according to a new report by Reports and Data. This can be mainly associated with the growth in cosmetic manufacturing, development of alternative bio-lubricant feedstock demand particularly in developed markets of Europe and North America, and the high nutritional value of jojoba oil.
Rising concern regarding the side effects of synthetic and chemical additives used in cosmetics and food and beverages is boosting demand for natural alternatives like jojoba oil in the market. However, long-term jojoba oil production diversifies on the regular supply of resources and capabilities to replace industrial oil with several applications at a relative price. The production yield of the crop profoundly varies on the farming process. Jojoba oil is a form of vegetable oil that can be obtained from simmondsia chinensis which is the crushed beans of the jojoba shrub. By composition, it is close to sebum and is a form of polyunsaturated liquid wax. Due to the reason, it can be easily absorbed by the skin, without any allergic reactions, and diminishing the growth of any fungal and bacterial microbes that can attack the skin. It regulates and re-balances oil production in oily skin and also provides nourishment to dry skin. Various skin-care brands have replaced animal fats and adopted the use of jojoba oil for manufacturing creams and skin lotions.
North America accounts for the largest share of 22.30% in 2020, encouraged by the development of the male grooming industry, especially in developing economies of the region, is anticipated to spur the market demand during the forecast period.
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Key participants include Eco Oil Argentina SA, El Baraka For Natural Oils, Desert Whale Jojoba Company, The Jojoba Company, Purcell Jojoba International, Egyptian Natural Oil Co., Inca Oil SA, W. Ulrich GMBH, Earth Expo Company, and Sivkin Butik, among others.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented global Jojoba Oil Market on the basis of Type, Application, Business mode and region:
Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)
Business Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)
Application Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)
Regional Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2018-2028)
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The post Jojoba oil Market to Reach USD 272.4 Million by 2028 appeared first on Market O Graphics.