About Jojoba Oil
Jojoba is an innovative oil-manufacturing industrial crop that has attracted much attention in recent years. Jojoba oil is known as liquid wax, is odorless and colorless with unique chemical and physical properties. Jojoba oil is prepared of fatty alcohols and long-chain fatty acids with no side branching. Jojoba oil has the potential for uses in diverse products as cosmetics, paint industry, pharmaceutical preparations, candle industry, food products, and foam control agents and this is projected the growth of the jojoba oil market in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Jojoba Oil market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Jojoba Oil Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage.The Players having a strong hold in the market are Vantage Specialty Chemicals, Purcell Jojoba, JD Jojoba Desert, and Ecooil. Analyst at AMA Research estimates that European and American Players will contribute the maximum growth to Global Jojoba Oil market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Vantage Specialty Chemicals (United States), Purcell Jojoba (United States), JD Jojoba Desert (Israel), Ecooil (Argentina), LaRonna Jojoba Company (United States), Jojoba Israel (Israel), Provital Group (Spain), Inca Oil SA (Peru), The Jojoba Company Australia (Australia) and Mosselman s.a. (Belgium) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Del Amo Chemical Company Inc. (United States) and Spectrum Chemical Manufacturing Corp. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Jojoba Oil market by Type (Unrefined and Refined), Application (Cosmetics & Personal care, Pharmaceutical, Industrial and Others) and Region.
On the basis of geography, the market of Jojoba Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Hypermarkets/Supermarkets will boost the Jojoba Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing demand for Jojoba Oil as Anti-Foaming Agent in the Pharmaceutical Industry
Market Growth Drivers:
Increasing Demand from the Cosmetic Industry Globally and Rising Disposable Income of people and Increasing Population in Developing Countries like India and China
Challenges:
Price volatility.
Restraints:
The Lack of Commercialization of Jojoba Oil is Likely to Restrain the Product Demand in the Coming Years
Opportunities:
Increasing Cosmetics and Personal Care Industry
In January 2019, Jojoba Desert has announced the opening of its first subsidiary based in the United States. Operating as Jojoba Desert, Inc., this new subsidiary offers unprecedented customer service and convenience to the North American and Canadian markets. In addition to business and sales offices, the subsidiary holds and manages inventory, as well as oversees logistics and delivery of the product for US-based customers.
Key Target Audience
Jojoba Oil Manufacturers, Healthcare Research Centres, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.