The Argan Oil Market is expected to reach US$ 507.5 Mn. with a CAGR of 7.02% for the period 2021-2027, thanks to increasing beauty awareness among consumers.
Argan Oil Market Overview:Argan is a widespread Southwestern Moroccan tree that has long been regarded as an exceptional North African tree species. Increasing argan oil demand, together with supportive regulatory measures in countries such as the United Kingdom and the United States, are projected to play a significant role in providing incentives for new market entrants. For example, in 2020, the cosmetics industry will have the greatest increase in demand, as it is used in face creams and as an ingredient in lip gloss, shampoo, moisturisers, and soaps. To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. 2019 is considered a base year however 2020’s numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done good in lockdown also and specific strategic analysis of those companies is done in the report.
Argan Oil Market Dynamics:
Increasing beauty awareness among consumers:Increasing beauty awareness among consumers and the use of argan oil in several products by cosmetic manufacturers are enhancing the growth of the global argan oil market. Depending on the extraction process, argan oil is classified into two types, such as culinary argan oil and cosmetic argan oil. Culinary argan oil is used for cooking and has a deep nutty flavor, but cosmetic argan oil has no nutty flavor. There are noticeable applications of argan oil in food industries, pharmaceuticals & nutraceuticals, and personal care products as well. Same as the above several regional supply and demand side drivers are analyzed in the report.
Opportunities: Unique Health Benefits of Argan OilUsually identified as a means of cardio-protective properties, Argan oil is broadly used in treating several skin infection conditions. Also, recent research has found out that the application base of argan oil is associated with the basic cardio-protective uniqueness. Argan oil is also found to hold unique organoleptic qualities, supporting it to generate a multimillion-dollar international market in the edible oils sector. Escalating consumer awareness about including essential edible oils in their dietary routine is expected to create highly competitive opportunities for Argan oil producers and processors in the future.
Restraints: The quality of the crop and long processing hours hinder its industry growth prospects.With sales rising around the world, concerns remain about the pay and conditions of the mostly female workforce that produces the oil. Extraction yields from 30% to 50% of the oil in the seed, depending on the extraction method. It takes about 40 kilograms of dried argan fruit to produce only 1ltr of oil. Attempts to mechanize the cracking process have been failed, so workers still do it by hand, making it a time-consuming, labor-intensive process.
Argan Oil Market Segmentation:The Argan Oil market is segmented into Type, Form, Application, and Distribution Channel. Based on the Type segment: The Argan Oil market is further sub-segmented into Conventional and Organic. Among this, the Conventional type segment held the market share of xx% of the global market in 2020, this is mainly due to conventional harvesting being distinguished by the usage of irrigation power, organic fertilizers, and natural pesticides to help wide yielding varieties and to achieve increased oil content. A conventional type is used widely in the production of items for personal care and cosmetics, pharmaceuticals, aromatherapy, meats, and home cleaning. However, organic is one of the purest types of argan oil and is widely used as an aromatherapy component.
Argan Oil Market Regional Insights:Europe is expected to hold the largest market share of the argan oil market during the forecast period, because of increasing beauty awareness and health benefits of argan oil among consumers. Also, the existence of key market players are focusing on the launching of new technology and development in the R&D process are driving the market growth of argan oil in Europe. Taking into account the benefits of argan oil, in recent years many NGOs and multinational cosmetics firms have come in to prevent deforestation and encourage the planting of argan trees in the region. For example, L’Oréal with BASF SE has set up a sourcing program to foster the supply chain. Asia-Pacific is expected to grow at a CAGR of xx% during the forecast period. This is mainly because of enhancing standards of living and rising disposable income. The increasing demand for natural and chemical-free skin care products in the APAC supports market growth. Emerging economies like China and India are expected to grow by 2027, due to increasing awareness about the use of chemical-based products boosting consumers to take preventive measures, thereby supporting market growth in the Asia pacific. The objective of the report is to present a comprehensive analysis of the global Argan Oil to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Argan Oil dynamics, structure by analyzing the market segments and project the Argan Oil size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Argan Oil make the report investor’s guide.
Argan Oil Market Scope: Inquire before buying
Argan Oil Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Argan Oil Market Key Players• OLVEA • ARGANisme • Zineglob • PURUS (Purus International) • Malakbio • Argane Aouzac • Organica Group LTD • Arganfarm • Kamakhya Bottlers • Zidrop Argan Oil • ARGANBULK • Biopur Sarl • L'OCCITANE Group-Melvita • Nadifi Argan Oil • Frontier Natural Products Co-op Inc. • John Masters Organics Inc • Zit Sidi Yassine Sarl • Vima Souss • Conair Corporation • Les Bios d’Agadir
Frequently Asked Questions:1. Which region has the largest share in Argan Oil Market? Ans: North America held the largest share in 2020. 2. What is the growth rate of the Argan Oil Market? Ans: The Argan Oil Market is growing at a CAGR of 7.02% during the forecasting period 2021-2027. 3. What segments are covered in Argan Oil market? Ans: Argan Oil Market is segmented into Type, Form, Application, and Distribution Channel, and Region. 4. Who are the key players in Argan Oil market? Ans: The important key players in the Argan Oil Market are – OLVEA, ARGANisme, Zineglob, PURUS (Purus International), Malakbio, Argane Aouzac, Organica Group LTD, Arganfarm, Kamakhya Bottlers, Zidrop Argan Oil, ARGANBULK, Biopur Sarl, L'OCCITANE Group-Melvita, Nadifi Argan Oil, Frontier Natural Products Co-op Inc., John Masters Organics Inc, Zit Sidi Yassine Sarl, Vima Souss, Conair Corporation, and Les Bios d’Agadir. 5. What is the study period of this market? Ans: The Argan Oil Market is studied from 2020 to 2027.
1. Global Argan Oil Market: Research Methodology 2. Global Argan Oil Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Argan Oil Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Argan Oil Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Argan Oil Market Segmentation 4.1. Global Argan Oil Market, by Type (2020-2027) • Conventional • Organic 4.2. Global Argan Oil Market, by Form (2020-2027) • Absolute • Blend • Concentrate 4.3. Global Argan Oil Market, by Distribution Channel (2020-2027) • B2B • B2C o Supermarket/Hypermarket o Specialty Retailer o Online Stores o Others 4.4. Global Argan Oil Market, by Application (2020-2027) • Personal Care & Cosmetics • Medical • Aromatherapy • Food • Cleaning and Home • Others 5. North America Argan Oil Market(2020-2027) 5.1. North America Argan Oil Market, by Type (2020-2027) • Conventional • Organic 5.2. North America Argan Oil Market, by Form (2020-2027) • Absolute • Blend • Concentrate 5.3. North America Argan Oil Market, by Distribution Channel (2020-2027) • B2B • B2C o Supermarket/Hypermarket o Specialty Retailer o Online Stores o Others 5.4. North America Argan Oil Market, by Application (2020-2027) • Personal Care & Cosmetics • Medical • Aromatherapy • Food • Cleaning and Home • Others 5.5. North America Argan Oil Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Argan Oil Market (2020-2027) 6.1. European Argan Oil Market, by Type (2020-2027) 6.2. European Argan Oil Market, by Form (2020-2027) 6.3. European Argan Oil Market, by Distribution Channel (2020-2027) 6.4. European Argan Oil Market, by Application (2020-2027) 6.5. European Argan Oil Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Argan Oil Market (2020-2027) 7.1. Asia Pacific Argan Oil Market, by Type (2020-2027) 7.2. Asia Pacific Argan Oil Market, by Form (2020-2027) 7.3. Asia Pacific Argan Oil Market, by Distribution Channel (2020-2027) 7.4. Asia Pacific Argan Oil Market, by Application (2020-2027) 7.5. Asia Pacific Argan Oil Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Argan Oil Market (2020-2027) 8.1. Middle East and Africa Argan Oil Market, by Type (2020-2027) 8.2. Middle East and Africa Argan Oil Market, by Form (2020-2027) 8.3. Middle East and Africa Argan Oil Market, by Distribution Channel (2020-2027) 8.4. Middle East and Africa Argan Oil Market, by Application (2020-2027) 8.5. Middle East and Africa Argan Oil Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Argan Oil Market (2020-2027) 9.1. South America Argan Oil Market, by Type (2020-2027) 9.2. South America Argan Oil Market, by Form (2020-2027) 9.3. South America Argan Oil Market, by Distribution Channel (2020-2027) 9.4. South America Argan Oil Market, by Application (2020-2027) 9.5. South America Argan Oil Market, by Country (2020-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. OLVEA 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. ARGANisme 10.3. Zineglob 10.4. PURUS (Purus International) 10.5. Malakbio 10.6. Argane Aouzac 10.7. Organica Group LTD 10.8. Arganfarm 10.9. Kamakhya Bottlers 10.10. Zidrop Argan Oil 10.11. ARGANBULK 10.12. Biopur Sarl 10.13. L'OCCITANE Group-Melvita 10.14. Nadifi Argan Oil 10.15. Frontier Natural Products Co-op Inc. 10.16. John Masters Organics Inc. 10.17. Zit Sidi Yassine Sarl 10.18. Vima Souss 10.19. Conair Corporation 10.20. Les Bios d’Agadir