Jojoba Oil Market Size, Share & Trends Analysis Report By Type, By Application (Cosmetics & Personal Care, Pharmaceutical), By Sales Channel (B2B, B2C), By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the jojoba oil market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for jojoba oil market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of jojoba oil market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Jojoba Oil Market Categorization:

The jojoba oil market was categorized into four segments, namely type (Cold-pressed, Refined), application (Cosmetics & Personal Care, Pharmaceutical, Industrial), sales channel (B2B, B2C), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The jojoba oil market was segmented into type, application, sales channel, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The jojoba oil market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S.; Canada; Mexico; Germany; the UK.; France; Spain; Italy; China; India; Japan; South Korea; Thailand; Australia; Brazil; Argentina; Saudi Arabia; South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Jojoba oil market companies & financials:

The jojoba oil market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Purcell Jojoba manufactures and distributes jojoba-derived products worldwide. It consists of jojoba-based products, mainly curated for use in cosmetic formulations including body polishes, face masks, lip balms, shower gels, body creams, and lipsticks. The product portfolio includes jojoba oil, jojoba esters, jojoba meal, and jojoba beads. The company is integrated backwardly and has 1,200 acres of jojoba farm located in Bouse, Arizona, contributing to sustainable sourcing of jojoba seed for finished product development.

• Inca Oil SA develops and distributes jojoba products worldwide. The company caters its products to cosmetics, pharmaceutical, and lubricants industries. Its product portfolio includes different forms of jojoba oil with varied properties. In addition, the company markets jojoba flakes and beads, which are used in lipsticks, nail polishes, and other cosmetic pencil formulations. It is founded by Peruvian/Argentine jojoba farmers having experience in jojoba processing for nearly 30 years. Moreover, it has processing facilities in Peru and Panama in Central & South America.

• Ecooil engages in the manufacturing and distribution of jojoba oil globally. Jojoba oil is specifically developed for preparing cosmetics and personal care product formulations. The company offers deodorised, refined, and natural grades of jojoba oil that are certified organic by the EU, USDA, and Ecocert. The company is engaged in continuous R&D activities to improve the manufacturing process as well as the quality of jojoba oil. Moreover, the company focuses on animal alternatives for testing its manufactured products. As of 2019, it operated as a subsidiary of Laboratorio Elea Phoenix S.A.

• ConnOils LLC develops and distributes oils and oil powders worldwide. The company serves its products to food & beverage, personal care, animal nutrition, and nutraceutical industries. Its product portfolio includes a wide range of seed oils such as sunflower, flax, chia, and black cumin as well as plant extract oils such as wheat germ, coconut, lavender, green tea, and jojoba among others. In addition, the company offers private or white labeling services for custom manufacturing of products as per customer needs. The manufacturing facilities are FDA approved, and the ingredients are GFSI and DSHEA complaint as well as USDA, halal, and kosher certified

• Jojoba Naturals specializes in the manufacturing and distribution of jojoba oil and jojoba meal worldwide. The company caters its products to cosmetics, lubricants, and food industries. Jojoba oil sold by the company is triple filtered, unrefined, and highly pure. It is actively engaged in research & development activities focusing on new application areas of jojoba oil as well as for upgrading its quality and sustainability. In addition, the company offers consulting services to farmers for proper cultivation and harvesting of jojoba as well as aids organizations and governments interested in establishing their own jojoba farms or industries. The company has a processing facility in Montevideo and a distribution office in San Francisco.

• JD Jojoba Desert is a prominent player in jojoba oil market. It manufactures and distributes jojoba oil and associated products to cosmetics and healthcare industries worldwide. Its product portfolio includes four distinct types of jojoba oil including golden, colorless, organic golden, and organic colorless. Moreover, it distributes jojoba oil-based products under three major categories, namely pure, rich, and care. It is integrated across the value chain, engaged in cultivating jojoba seeds to manufacturing jojoba-based products. The production system is fully automated, thereby producing high purity and quality products.

• Hallstar provides specialty chemistry solutions to personal care & cosmetic industry worldwide. The company uses a patented cold-press process to derive jojoba oil and the sold it as an exotic ingredient under Biochemica brand. In addition, it engages in custom manufacturing to meet the specific demands of consumers. The company’s production facilities are expanded in the U.S., Brazil, France, Italy, and China.

• Nutrix International LLC specializes in contract manufacturing and private label product development. It offers services to nutraceuticals, cosmetics, and personal care industries. Its product portfolio includes oral care, skincare, oils, and other products. Oral care product line includes different types of toothpaste and mouthwash products, whereas, skincare product line includes body creams, skin creams, hand moisturizers, and face creams. Oils product line includes argan oil, jojoba oil, coconut oil, and virgin coconut oil. The company focuses on research & development activities and has an in-house R&D team along with a state-of-the-art formulation laboratory.

• US Organic Group Corp. manufactures and distributes organic products at global scale. The company’s product portfolio includes a variety of oils such as essential oils, carrier oils, baby oils, body oils, beard oils, as well as shea butter, beeswax, and antibug spray used as an insect repellent. In addition, it develops and markets hemp oil for pets including dogs and cats. Its state-of-art-facility is FDA approved as well as USDA & GMP certified.

• OPW Ingredients GmbH develops and distributes high quality natural products worldwide. The company provide its products to cosmetics, food, pharmaceutical, pet food, and animal nutrition industries. Its product portfolio includes specialty oils & fats, butter, waxes, castor oils & derivatives, esters, vegetable flours, and proteins. It markets jojoba oil under fats & oil products line for cosmetics, pharmaceutical, animal care, and other industrial applications.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Jojoba Oil Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Jojoba Oil Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.