Global Jojoba Oil Derivatives Market: Overview
Jojoba oil refers to an excellent beauty ingredient. Extracted from the seed of jojoba plant, this natural oil is regarded as the closest to sebum, the oil that is produced by human skin. It helps in healing the skin and safeguarding the skin from external toxins. It is also regarded as the very first defense barrier of the skin. As such, jojoba oil is considered as natural replacement for sebum. Benefits of the product are likely to bolster growth of the global jojoba oil derivatives market over the tenure of analysis, from 2020 to 2030.
When the skin is not able to produce sufficient sebum to safeguard the skin against various harsh elements of the nature, jojoba oil is considered an excellent skincare solution for the same. This oil comes with various essential vitamins such as Vitamin E, Vitamin B, and other minerals such as copper, zinc, and so on. In adulthood, human skin tends to produce less amount of sebum, which makes the skin dull and dry. Use of jojoba oil in such conditions can be immensely beneficial for the skin, which is likely to drive the demand for jojoba oil derivatives in the years to come.
In most of the cases, jojoba oil derivatives are utilized in the hair care products so as to induce growth of hair. It also effective treats dandruff, which is an extremely common hair problem. The oil also comes with the potential to substitute various traditional oilseed crops such as castor, soybean, peanut, olive, and corn in the food processing sector, thanks to its much higher content of nutrients in comparison with others. The product also finds wide use in various other applications, such as food items, automotive, and pharmaceuticals. Jojoba oil derivatives also come with protein, wax, alcohol, and esters. Multiple application of the product is estimated to open up plethora of avenues for the growth of the global jojoba oil derivatives market over the assessment period, from 2020 to 2030.
Product, application, and region are the three important parameters based on which the global jojoba oil derivatives market has been classified.
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Global Jojoba Oil Derivatives Market: Notable Developments
One of the relevant and important developments of the market that gives a quick view of the dynamics pertaining to global jojoba oil derivatives market is mentioned as below:
· In July 2019, US-based prominent chemical firm, Charkit Chemical Company acquired Custom Ingredients Inc. The latter is a developer of various high quality natural oils, specialty chemical blends, extracts, and polymers. This acquisition is expected to widen the reach of Charkit Chemical and strengthen its position in the production of natural oils and specialty chemical blends.
Some of the prominent organizations in the global jojoba oil derivatives market comprise the below-mentioned:
· Egyptian Natural Oil Co.
· Vantage Specialty Ingredients, Inc.
· LaRonna Jojoba Company
· Purcell Jojoba International
· Eco-oil Argentina S.a.
· Charkit Chemical Corporation
Global Jojoba Oil Derivatives Market: Key Trends
The global jojoba oil derivatives market is characterized by the presence of the following restraints, drivers, and opportunities.
Market Growth to Ride on the Back of Multiple Cosmetic Benefits of the Product
The flourishing business of the cosmetics industry worldwide is likely to have a positive impact on the global jojoba oil derivatives market. The product is extensively used in several cosmetic products as it is highly beneficial for both skin and hair, which is likely to augur well for the global jojoba oil derivatives market in the near future.
Various regulatory guidelines from REACH and EPA are anticipated to leave positive effect on the market. When compared to various other oilseeds, it comes with much better biophysical properties, which is likely to drive the demand for jojoba oil derivatives in the forthcoming years. In comparison with petroleum oil, this product comes with better viscosity index, which makes it’s a better lubricant for automotives in high temperatures.
Global Jojoba Oil Derivatives Market: Geographical Analysis
North America and Europe are likely to dominate the global jojoba oil derivatives market over the period of analysis, from 2020 to 2030. Technological innovation, presence of several cosmetic companies and increased product awareness is likely to work in favor of the market in the region.
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