According to IMARC Group latest report titled North America Jojoba Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, offers a comprehensive analysis of the industry, which comprises insights onNorth America jojoba oil market. The report also includes competitor and regional analysis, and contemporary advancements in the market. TheNorth America jojoba oil market is expected to exhibit a growth rate (CAGR) of 10.23% during 2023-2028.
What is Jojoba Oil?
Jojoba oil is a liquid wax derived from the seeds of the jojoba plant (Simmondsia chinensis) that is primarily composed of esters of fatty acids and fatty alcohols. The oil is characterized by its golden color, mild nutty aroma, non-greasy texture, and moisture- retaining properties. When applied to the skin, jojoba oil mimics the skin's sebum, forming a thin, non-occlusive layer that maintains the skin's barrier, and penetrates to deliver beneficial compounds to deeper layers. It is widely used as a cosmetic and skincare ingredient and finds extensive applications in the formulation of numerous products such as moisturizer, cleanser, shampoo, conditioner, and makeup remover.
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What are the growth prospects and trends in the North America jojoba oil industry?
The market in North America is primarily driven by the considerable rise in demand for skincare and haircare products with natural ingredients. This can be attributed to the increasing consumer awareness regarding the benefits of natural and organic products. In line with this, considerable growth in the cosmetics industry is providing an impetus to the market. Moreover, the growing popularity of wellness and natural remedies across the region is propelling the demand for jojoba oil as a holistic ingredient. Furthermore, continual product innovations leading to the development of numerous value-added variants including oils infused with additional botanical extracts, cold-pressed jojoba oil, and customized formulations for targeted issues. Some of the other factors contributing to the market include an enhanced focus on sustainable development, rising prevalence of numerous skin diseases, increasing adoption of aromatherapy, and inflating disposable income levels.
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North America Jojoba Oil Market Segmentation:
Our report has categorized the market based on region, application and distribution channel.
Key Regions Analyzed:
- United States
- Canada
- Mexico
Breakup by Application:
- Cosmetics
- Pharmaceutical
- Industrial
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porters Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
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