The global demand for Argan Oil Market is presumed to reach the market size of nearly USD 1209.48 MN by 2030 from USD 451.43 MN in 2022 with a CAGR of 13.11% under the study period of 2022 - 2030. Regarding volume, the market was calculated XX Tons in 2022 and forecast to touch XX Tons by 2030 with a CAGR of XX% during 2023-2030.
Argan oil is an organic substance extracted from kernels of the argan tree. It contains a lot of antioxidants, triterpenoids, linoleic acid, omega-6 fatty acids, and vitamins A and E. The oil is utilized in cooking and cosmetics and is offered in concentrate, absolute, and mixed forms. It can be directly applied to the skin or obtained as a supplement pill for treating stretch marks, acne, and skin rashes, moisturizing, and anti-ageing the skin. So, the oil can be found in various personal care items like creams, soaps, shampoos, conditioners, and lotions.
Argan oil offers many health benefits and is used in various end-use applications, which are likely to propel the market growth of argan oil. The growing consumer awareness and health consciousness, along with skin consciousness, are factors propelling the market growth of argan oil. Shifting consumer preferences and changing lifestyles are also driving factors for the argan oil market growth. Argan oil is also widely used for haircare, increasing its demand and fueling its market growth. The extensive use of argan oil in pharmaceuticals boosts its market growth. However, the high investment for R&D, strict regulation, and high cost of production may hamper argan oil market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of argan oil. The growth and trends of Argan Oil Industry provide a holistic approach to this study.
This section of the argan oil market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
By Form
By Application
This section covers the regional outlook, which accentuates current and future demand for the Argan Oil market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the argan oil market include OLVEA, ARGANisme, Pure Argan Co., DSM, Malakbio, Lipidine, Argane Aouzac, Organica Group Ltd., Arganfarm sarl. Au., Zidrop Argan Oil, Arganbulk. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.