The Global Jojoba Oil Market was $144.20 Mn in 2020, and it is expected to reach $325.10 Mn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 8.5% between 2020 to 2030. But due to the current COVID-19 pandemic there might be a slight difference in the growth rate in the present year. With the increased consumer expenditure to improve the lifestyle will increase the demand for personal care and cosmetic products like shampoo, moisturizer, conditioner. These are the main reason that will help to accelerate the growth of this market in the forecasted period.
Global Jojoba Oil Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Global Jojoba Oil Market has been segmented into grade and application. By Grade – Winterised Jojoba, Lite Jojoba (Bleached Jojoba). By Application – Cosmetics, Pharmaceutical, Industrial, Others.
By Region, North America Is Holding The Major Market Share
The Global Jojoba Oil Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this North America Global Jojoba Oil Market is holding the largest market share at present and is estimated to witness high compound annual growth rate in the upcoming forecasted period. this is mainly because of the increased demand from the cosmetics, pharmaceutical industries and personal care. These reasons will help to accelerate the growth of this market in this region. Besides this Mexico is also going to witness remarkable growth during the forecasted period.
Major Players in the Global Jojoba Oil Market
Some of the major players in the Global Jojoba Oil Market include Jojoba Naturals, JD Jojoba Desert, Ecooil, Gustav Heess Oleochemical Products GmbH, Inca Oil SA, Purcell Jojoba, Vantage Speciality Chemicals, Inc., Egyptian Natural Oil Co., The Jojoba Company, Desert Whale Jojoba Company, W. Ulrich GmbH, Earth Expo Company, El Baraka For Natural Oils, Sivkin Butik.
The Global Jojoba Oil Market Has Been Segmented Into:
Global Jojoba Oil Market, By grade
Global Jojoba Oil Market, By Application
Global Jojoba Oil Market, By Region
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