Global Argan Oil Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Argan Oil Market 2021 (Includes Business Impact of COVID-19)
Global Argan Oil Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global argan oil market report has been segmented on the basis of source type, form type, application, and region.
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The global Argan Oil market size was valued at USD$326.62 million in 2020 and is projected to reach USD $775.95 million by 2030, and is anticipated to expand at a CAGR of 9.57% over the forecast period from 2020 to 2030.


Global Argan Oil Market: Overview


Argan trees grow and tenaciously survive in semi-desert areas of the Mediterranean. The deep roots and small leaves of the argan tree allow it to resist arid winds and water loss, resulting in a nut with a unique oil profile. Pure argan oil is a rare and precious oil that is harvested and extracted from the nut of the argan tree. Argan oil is primarily comprised of fatty acids and a variety of phenolic compounds. The majority of the fat content of argan oil comes from oleic and linoleic acid. Approximately 29“36% of the fatty acid content of argan oil comes from linoleic acid, or omega-6, making it a good source of this essential nutrient


Global Argan Oil Market: Dynamics


Flourishing cosmetic industry in developed countries and increasing demand for argan oil from cosmetic product manufacturers for innovative product offerings are major factors expected to drive growth of the global market. In addition, rising spending capacity, increasing consumer approach towards wellness, coupled with argan oil finding wide application in aromatherapy, owing to properties that aid in restoring elasticity, moisture, and nutrient content of the skin are some other factors expected to support growth of the global market to certain extent.

Moreover, increasing demand from pharmaceutical sector as an ingredient in various products is expected to further boost growth of the market to certain extent.

However, high cost of products is a major factor expected to hamper growth of the global market. Recent trend observed in the current market is rising consumer inclination towards natural products.

Increasing investment by major players for R&D activities and innovative offerings is expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period.


Global Aluminum Brazing Paste Market: Segment


Among the source segments, the natural argan oil segment is expected to dominate in the target market over the forecast period.

Among the form type segments, the blends argan oil segment is expected to dominate in the target market over the forecast period.

Among the application segments, the cosmetics argan oil segment is expected to dominate in the target market over the forecast period.


Global Argan Oil Market: Region


The market in North America is expected to dominate in the global market and is expected to continue its dominance over the forecast period. This can be attributed to increasing demand from cosmetic industry and presence of major players operating in the countries in this region.

The market in Asia Pacific is expected to contribute significant revenue share, owing to increasing demand for pharmaceutical sector and presence of prominent players operating in emerging economies such as China and India in this region.

The market in Latin America is expected to witness moderate growth over the forecast period

Global Argan Oil Market Segmentation:

Segmentation by source type:

  
Natural Argan Oil
  
Organic Argan Oil

Segmentation by form type:

  
Absolute Argan Oil
  
Concentrates Argan Oil
  
Blends Argan Oil

Segmentation by application:

  
Therapeutics Argan Oil
  
Aromatherapy Argan Oil
  
Food & Beverages Argan Oil
  
Cosmetics Argan Oil
  
Others


Key Market Players included in the report:


  
Argan Diva
  
Argan Liquid Gold
  
Argane Aouzac
  
Arganfarm
  
Argania Spinosa
  
ARGANisme Cosmetics S.A.R.L
  
ARGATLAS
  
Biopur
  
Bo International
  
Brenntag North America Inc.
  
Essence Of Argan
  
Frontier Co-op
  
Josie Maran Cosmetics
  
Kamakhya Bottlers
  
Kanta Enterprises Private Limited.
  
Malakbio
  
Melvita
  
Morgan Cosmetics LLC
  
NADIFIARGAN.COM
  
Nutrix Health Care Pvt. Ltd
  
OLVEA Morocco
  
Organica Group LTD
  
PURUS (Purus International)
  
Saadia Organics
  
Simply Argan Ltd
  
Zidrop Argan Oil
  
ZINEGLOB