Global Jojoba Oil Derivatives Market by Application (Personal Care & Cosmetics, Pharmaceuticals), by Product (Jojoba Esters, Jojoba Butter) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global jojoba oil derivatives market was valued at USD 28.39 Million in 2019. It is expected to grow at a compound annual rate (CAGR of 7.1%) between 2020 and 2027. The increasing use of jojoba oils derivatives in hair and skincare products, particularly esters and wax, is expected to drive demand from countries with strong cosmetics manufacturing bases such as the U.S. and France. Personal care and cosmetics industries prefer plant-sourced, renewable alternatives to mineral oils, paraffin waxes, and petrolatum. These natural products, which meet the requirements of the industry and satisfy a large customer base, have been identified to be Jojoba oil derivatives.

The favorable regulatory environment in North America and Europe, combined with growing demand for natural and organic cosmetic products, will likely drive market growth. These derivatives are produced using state-of-the art production techniques, harvesting and cutting-edge irrigation techniques. They meet strict international quality standards.

Due to the unprecedented spread of COVID-19 worldwide, there has been a marked drop in demand for active ingredients. Many plants have been closed and some are operating at reduced capacities. This could lead to a shortage in supply.

Product Insights

In 2019, Jojoba esters had a greater revenue share than 40.0% and they are expected to continue their lead in the future. These derivatives are free of trans isomers, and can be used as components in highly pigmented cosmetic products. They enable uniform pigmentation, surface wetting and pigment dispersion when applied to the skin. Jojoba esters can be used in cosmetic and personal care products to moisturise skin.

In 2019, jojoba butter was the second-largest segment. It contains approximately 80.0% jojoba oil. This product also includes vegetable oil and beeswax. These ingredients enhance the product's ability to nourish the skin and make it soft, supple, and silky. Because of its non-sticky nature and ability to quickly absorb skin, jojoba butter is used in many personal care and cosmetic products. You can combine the product with active ingredients and fragrances to create unique cosmetic combinations. The product's increasing popularity in pharmaceutical formulations that promote blood circulation and metabolism will drive product demand.

Application Insights

In 2019, the personal care and cosmetics segment was the most profitable, accounting for over 90.0% of the total revenue. It is expected to continue its lead in the future. Jojoba is an antioxidant and natural carrier of vitamin-E. Therefore, many of its derivatives are used in the formulations of skin care and hair products. Cosmetics Europe states that skincare is the most important segment of the European cosmetics and personal care market. This is followed closely by hair care products and toiletries. The forecast period will see a rise in product demand due to high demand for color cosmetics products such as eyeshadows, lipsticks and make-up products.

Jojoba oil derivatives can be used to treat skin conditions or as carriers for medications that must penetrate the skin. The use of jojoba oil derivatives in the treatment of delicate skin conditions and as a carrier for medicines that need to penetrate the skin is possible. There are no reported allergic reactions or side effects. The growing concern about the potential side effects of chemical additives in food and beverages, combined with the high nutritional content of Jojoba oil, will likely increase demand for jojoba oils derivatives in the food- and beverage industry.

To increase shelf life, the main use of Jojoba oil derivatives is candle making. These same derivatives can also be used in many other products such as detergents and disinfectants, surfactants and paints. It is expected that the COVID-19 pandemic, which saw widespread use of disinfectants in order to maintain hygiene and clean environments at commercial and residential places around the world, will have a positive effect on product demand for these products over the forecast period.

The market is expected to grow due to the increasing use of jojoba oils derivatives in antifoaming, emulsifiers and protective coatings formulations. The personal care sector, which is experiencing a significant increase in demand due to increased demand for essential products, will see the market grow the most.

Regional Insights

North America was the region with the highest revenue share, at over 30.0% in 2019, and it is expected to continue its lead during the forecast period. The market has seen significant growth due to North America's rapidly changing industries and constant R&D by manufacturers and formulators to include natural and organic ingredients. The U.S. ban on whale oil in 1971 has increased its penetration in personal care and cosmetics. Due to American consumers' preference for bio-based ingredients, product consumption is dominated by the U.S.

The European market is driven mainly by the mature cosmetics, pharmaceuticals and food and drink industries. France is still one of Europe's strongest export and production pillars in personal care and cosmetics. Its major focus on the development of a Bio-Economy, which encourages the use of natural and biobased components across all manufacturing industries, is expected to further boost the region's growth. The market will be boosted by significant R&D contributions to the optimization of production and diversification.

Market Share Insights & Key Companies

Manufacturers of jojoba oil derivatives tend to backward integration. They harvest seeds on their farms and extract oil. Then they produce derivatives. Due to the unpredictable availability of seeds and adverse climate conditions, raw material prices can fluctuate. The manufacturers who are integrated backward have a competitive advantage in terms of pricing and lower overall operational expenses.

The market's key manufacturers are also focused on increasing their geographic presence, technological optimization and new product development. Vantage Specialty Chemicals, for example, has expanded its product range and offers products that are specific to specific applications. There are many jojoba esters available from the company, including esters 15, 20, 30, 60 and 70 that can be used for different purposes. The following are some of the most prominent players in global jojoba derivatives market:

• Desert Whale Jojoba Co.

• Ecooil

• Inca Oil SA

• JD Jojoba Desert

• LaRonna Jojoba Company

• Nutrix International LLC

• Provital

• Purcell Jojoba

• The Jojoba Company Australia

• Hallstar

• Vantage Specialty Chemicals

Up Market Research published a new report titled “Jojoba Oil Derivatives Market research report which is segmented by Application (Personal Care & Cosmetics, Pharmaceuticals), by Product (Jojoba Esters, Jojoba Butter), By Players/Companies Ecooil, The Jojoba Company Australia, Inca Oil SA, Provital, Purcell Jojoba, Vantage Specialty Chemicals, Hallstar, Desert Whale Jojoba Co, LaRonna Jojoba Company, Nutrix International LLC, JD Jojoba Desert”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Jojoba Oil Derivatives Market Report Segments:

The market is segmented by Application (Personal Care & Cosmetics, Pharmaceuticals), by Product (Jojoba Esters, Jojoba Butter).

Jojoba Oil Derivatives Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Jojoba Oil Derivatives Market

Overview of the regional outlook of the Jojoba Oil Derivatives Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Jojoba Oil Derivatives Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Jojoba Oil Derivatives Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Personal Care & Cosmetics

                2. Pharmaceuticals

                1. Jojoba Esters

                2. Jojoba Butter

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Jojoba Oil Derivatives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Jojoba Oil Derivatives Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.