Jojoba Oil Market Expected To Grow With USD 254.2 Million By 2024 : Grand View Research Inc.
San Francisco, 7 May 2019: The Report Jojoba Oil Market Analysis By Application (Cosmetics, Pharmaceutical, Industrial) And Segment Forecasts To 2024 The global Jojoba Oil Market is expected to reach USD 254.2 million by 2024, according to a new report by Grand View Research, Inc. The rising demand for organic personal care products along with formulation development for specific consumer group is expected to create new market avenues for cultivators and producers of jojoba oil. Major cosmetic manufacturers such as JE International, L'Oréal S.A, and Ole Henriksen are undertaking extensive research & development for innovation of jojoba oil-based formulations. The increasing penetration of jojoba oil in cosmetic products including lipsticks, shampoos & conditioners, and skin creams & moisturizers is expected to be a major factor in promoting growth. The various abilities of the ingredient such as acting as an emollient and moisturizer and prevention of aging sk