Sellbyville, DE -- (SBWIRE) -- 04/28/2020 -- Jojoba oil market size is projected to register substantial gains from 2020 to 2026. Jojoba oil is known to be rich in eicosanoid acid, erucic acid, and oleic acid that exhibit their own antiseptic, anti-inflammatory as well as antioxidants properties, further raising its demand across the pharmaceutical applications. It is essentially a suitable coating or carrier used in the preparations for medicines.

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The U.S has been dominating the pharmaceutical trends in terms of development and consumption with prescription spending accounting for nearly USD 500 billion in 2019, Europe following closely behind. As per Pharmaceutical Research and Manufacturers, the U.S. holds over half of the world's research and development in pharmaceuticals which also includes significant spending over the uses of jojoba oil in medicine.

Company profiled in the Jojoba oil market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Kendo Holdings Inc.
2. Eve Taylor London
3. U.S. International Trading Corporation
4. KimchiKristy
5. Creative Nail Design. Inc.
6. Innocosma Organics
7. Logocos Naturkosmetik AG

Increasing awareness regarding personal healthcare with the increase in the disposable income at hand in the U.S. has proliferated jojoba oil market share in the region. As the product's highest producer in the world, North America will happen to be the major contributor to the business outlook in the coming years.

Jojoba Oil Market size is poised to witness a notable growth on account of its increasing applications across personal care and pharmaceutical industries. A native to the North America region, the plant thrives in harsh climate and produces a nut that is used to make oil with several healing properties. The wax produced from the nut can be used for personal care products and medicines.

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Key market players in jojoba oil market includes Jojoba company, Desert Whale Jojoba Company, Ecooil, Purcel Jojoba International and Inca Oil SA. The market is consolidated owing to limited number of manufacturers. Competition in Europe and North America jojoba oil market is likely to increase as companies are investing huge capital in research & development projects.

Several other companies are investing in emerging markets to gain competitive advantage and expand market presence. The cosmetic companies which use jojoba oil in their products includes Kendo Holdings Inc., Eve Taylor London, U.S. International Trading Corporation, KimchiKristy, Creative Nail Design. Inc., Innocosma Organics and Logocos Naturkosmetik AG.

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