Global Jojoba Oil Market Size to Exceed 287.8 Million by 2033: Market Statistics Report

Global Jojoba Oil Market Size to Exceed 287.8 Million by 2033 

According to a research report published by Spherical Insights & Consulting, The Global Jojoba Oil Market Size is Expected to Grow from USD 144.72 Million in 2023 to USD 287.8 Million by 2033, at a CAGR of 7.12% during the forecast period 2023-2033.   

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Jojoba Oil Market Size, Share, and COVID-19 Impact Analysis, By Type (Refined, Cold-Pressed), By Application (Pharmaceutical, Cosmetics & Personal Care, Industrial, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033             

The jojoba oil market is the worldwide industry engaged in the manufacturing, distribution, and sale of jojoba oil; a liquid wax ester obtained from the seeds of the jojoba plant (Simmondsia chinensis). Jojoba oil has extensive application in cosmetics, personal care, pharmaceuticals, and industrial applications because of its moisturizing, anti-inflammatory, and non-comedogenic characteristics. Moreover, the jojoba oil market is driven by growing demand for natural and organic personal care products, growing knowledge of skin and hair care, and the move away from synthetic and petroleum-derived ingredients. Its anti-inflammatory, moisturizing, and non-comedogenic features drive uses in cosmetics, pharmaceuticals, and industrial lubricants. Growing vegan and cruelty-free trends, increasing biotechnology innovations, and concerns regarding sustainability also drive market growth further. However, the jojoba oil Industry is also constrained by such restraints as higher production costs, restrictive cultivation areas, and a varying raw material supply that causes pressure on its price, accessibility, and size of growth altogether.

The refined segment accounted for the largest share of the global jojoba oil market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.              

On the basis of type, the global jojoba oil market is divided into refined and cold-pressed. Among these, the refined segment accounted for the largest share of the global jojoba oil market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is because of its broader use in cosmetics, pharmaceuticals, and industrial applications. Its longer shelf life, neutral smell, and higher purity make it more desirable for skincare, haircare, and medicinal preparations, which result in greater demand than cold-pressed jojoba oil.  

The cosmetics & personal care segment accounted for a substantial share of the global Jojoba Oil market in 2023 and is anticipated to grow at a rapid pace during the projected period.

On the basis of the application, the global jojoba oil market is divided into pharmaceutical, cosmetics & personal care, industrial, and others. Among these, the cosmetics & personal care segment accounted for a substantial share of the global jojoba oil market in 2023 and is anticipated to grow at a rapid pace during the projected period. This is compelled by its non-comedogenic, moisturizing, and anti-ageing nature. Utilized extensively in makeup, hair care, and skin care products, its usage is driven by increasing demand for organic, natural, and eco-friendly beauty treatments across the globe.   

North America is projected to hold the largest share of the global jojoba oil market over the projected period.

North America is projected to hold the largest share of the global jojoba oil market over the projected period. This is driven by a strong consumer appetite for natural makeup, good prominence of personal care brands, and sophisticated pharmaceutical usage. The United States and Mexico are at the forefront of consumption and production with good climatic conditions for farm cultivation and growth in awareness towards organic and sustainably produced cosmetics.

Europe is expected to grow at the fastest CAGR of the global jojoba oil market during the projected period. This is driven by growing demand for natural cosmetics, stringent regulations on synthetic ingredients, and growing consumer interest in organic hair and skincare products. Germany, France, and the UK are among the leading markets, with robust growth in pharmaceutical and sustainable beauty sectors further driving demand.

Company Profiling

Major vendors in the global jojoba oil market are Purcell Jojoba, Ecooil, Jojoba Naturals, OPW Ingredients GmbH, JD Jojoba Desert, Inca Oil SA, ConnOils LLC, Hallstar, US Organic Group Corp, Nutrix International LLC., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global jojoba oil market based on the below-mentioned segments:

Global Jojoba Oil Market, By Type

• Refined
• Cold-Pressed

Global Jojoba Oil Market, By Application

• Pharmaceutical
• Cosmetics & Personal Care
• Industrial
• Others

Global Jojoba Oil Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa