Petroleum Jelly Market is Increase With a Healthy CAGR of 4.9% By 2023-2030
Petroleum Jelly Market Overview: The global petroleum jelly market share is experiencing steady growth, driven by its diverse applications in various industries. In 2023, the market size was estimated at USD 498.00 Million and is projected to reach USD 723.65 Million by 2030, expanding at a CAGR of 4.9%. Petroleum jelly, also known as petrolatum, is a semi-solid mixture of mineral oils and waxes derived from petroleum refining. It has been a household staple for over a century, valued for its versatility and affordability. Petroleum Jelly Market Drivers: Rising disposable income: Increasing disposable income, particularly in developing economies, is fueling consumer spending on personal care and healthcare products, leading to higher demand for petroleum jelly in these sectors. Growing awareness of its benefits: Petroleum jelly's diverse benefits, including skin protection, wound healing, and diaper rash prevention, are gaining wider recognition, boosting its popularity...