Global Argan Oil Market, By Type (Conventional, Organic), Form (Absolute, Blend, Concentrate), Grade (Culinary Grade, Cosmetic Grade), Application (Personal Care and Cosmetics, Medical, Aromatherapy, Food, Home Cleaning, Others), Distribution Channel (B2B, B2C), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Argan Oil Market
Data Bridge Market Research analyses that the global argan oil market to be growing at a CAGR of 20.37% in the forecast period of 2022-2029 and is likely to reach the USD 427.02 million by 2029.
Argan oil is an organic substance derived from the argan tree's kernels. It's high in vitamin A and E, as well as antioxidants, omega-6 fatty acids, triterpenoids, and linoleic acid. Commercially, the oil is available in concentrated, absolute, and mixed forms for use in culinary and cosmetic applications. It can be applied directly or taken as a supplement pill for a variety of health advantages, including curing acne, stretch marks, skin irritation, and ageing indications, as well as hydrating the skin. As a result, the oil is found in a wide range of high-end personal care products, including creams, lotions, soaps, shampoos, and conditioners.
The rise in demand for argan oil in frozen, desserts, confectionaries, snacks and sweets as it helps in adding flavour to these items and hence will drive the argan oil market. Furthermore, the increase of consciousness about beauty and upsurge in the demand as a medicinal product for treating high blood pressure and diabetes are some macroeconomic factors that are positively impacting the worldwide argan oil market. Other factors including changing preference from synthetic to natural ingredients across the cosmetic and personal care and other end-use industries and rise in the presence of ingredients exporters in developing nations will cushion the market’s growth rate. Another significant factor is increasing awareness about the health benefits associated with argan oil will accelerate the growth rate of argan oil market. The rise in the product demand for haircare and skincare applications will further expand the growth of argan oil market.
Moreover, the surging adoption rate of argon oil in the production of pharmaceutical and nutraceutical products will boost the beneficial opportunities for the growth of argan oil market. Additionally, the rise in research and development activities and launch of new products will act as major drivers and further create new opportunities for market’s growth in the above mentioned forecast period.
However, high cost associated with the product will hamper the market growth rate. Additionally, the high investment involved in research and development in developing nations obstruct the argan oil market's overall growth. Also, strict government regulations and the use of traditional methods for extraction process will further challenge the argan oil market throughout the forecast period.
This argan oil market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on argan oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Argan Oil Market Scope and Market Size
The argan oil market is segmented on the basis of type, form, grade, application and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the global argan oil market is segmented into conventional and organic.
- Based on form, the argan oil market is segmented into absolute, blend, and concentrate.
- Based on grade, the argan oil market is segmented into culinary grade and cosmetic grade.
- Based on the application, the argan oil market is segmented into personal care and cosmetics, medical, aromatherapy, food, home cleaning and others.
- Based on the distribution channel, the argan oil market is segmented into B2B and B2C. The B2C segment is further sub-segmented into supermarkets and hypermarkets, specialty stores, online stores and others.
Argan Oil Market Country Level Analysis
The argan oil market is analyses and market size, volume information is provided by country, type, form, grade, application and distribution channel as referenced above.
The countries covered in the argan oil market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the food inclusions market and will continue to flourish its trend of dominance during the forecast period owing to the increasing demand from cosmetic industry and presence of major key players in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the rising demand from pharmaceutrical sector and presence of prominent players operating in emerging economies such as India and China.
The country section of the argan oil market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Argan Oil Market Share Analysis
The argan oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to argan oil market.
Some of the major players operating in the argan oil market are Arganisme EU, The RERS Group, OLVEA, ZINEGLOB, Argania Spinosa, Brenntag North America, Inc., Frontier Co-op, Melvita, Morgan Cosmetics, LLC, Kanta Enterprises Private Limited., ARGATLAS, Nutrix Health Care Pvt. Ltd, Bo International, Purus AB, AgadirInt, Conair LLC, and JOHN MASTERS ORGANICS, among others.
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