Growing cosmetics industry across the globe is assumed to have positive impact on jojoba oil market over the forecast period. Jojoba oil & derivatives are mostly used in hair care products to enhance hair growth and it is also effective in treating dandruffs.

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Market Research & Consulting
Jojoba Oil & Derivatives Market Analysis, Size,
Share, Growth, Trends and Segment Forecasts
to 2022
Growing cosmetics industry across the globe is assumed to have positive impact
on jojoba oil market over the forecast period. Jojoba oil & derivatives are mostly
used in hair care products to enhance hair growth and it is also effective in
treating dandruffs. Jojoba oil has the potential to replace conventional oilseed
crops such as corn, olive, peanut, soybean and castor in food processing owing to
high nutrient content as compared to its counterparts. Other commercial
applications include pharmaceuticals, automotives and food products. Jojoba oil
derivatives include esters, alcohol, wax and proteins. Lipids were the largest
jojoba derivatives used in 2014. Regulatory guidelines from EPA and REACH are
expected to have positive influence on the overall market. Better biophysical
property when compared to other oilseeds is expected to boost market demand.
Jojoba oil has better viscosity index in comparison to convention petroleum oil.
This makes the oil work as better automotive lubricants for usage in high
temperature. Surging alternative biolubricant feedstock demand particularly in
mature markets of North America and Europe is expected to fuel jojoba oil &
derivatives market growth over the forecast period. Growing environmental
concerns among consumers and end-use industries is expected to further bolster
the market growth over the forecast period.

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Long-term jojoba oil production depends on the consistent supply of resources
and potentials to replace industrial oil with multiple applications at comparable
price. Production yield of the crop highly depends on the cultivation method. The
seeds become accessible only after a period of five years. This may emerge as a
major restraint for the market. However, companies have increased R&D
spending to develop new and affordable technologies to overcome
aforementioned challenges. This is expected to create ample opportunities for the
existing as well as new entrant market participants. Low maintenance
requirement for jojoba seed plantations is expected to create lucrative
opportunities for the market participants.
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