Argan Oil Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Argan oil is made from seeds of the argan tree found in Morocco. It is majorly used in food and beverages and personal care. Depending upon the process of extraction and use it is graded into culinary argan oil and cosmetic argan oil. Culinary argan oil is used in cooking because of its deep nutty flavor whereas cosmetic argan oil is used for personal care to maintain healthy skin and hair. The market has seen impressive growth due to wide product applications in various end-use industries like cosmetics, foods and medical.

MARKET SCOPE

The "Global Argan Oil Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the argan oil market with detailed market segmentation by category, application, and geography. The report provides key statistics on the market status of the leading argan oil market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on category, the global argan oil market is segmented into organic and conventional.
  
•   Based on application, the global argan oil market is segmented into food and beverages, personal care, aromatherapy and others.
  

MARKET DYNAMICS
Drivers:

•   Surge in demand for argan-based personal care and grooming is fueling the market growth. argan oil contains antioxidants, vitamin e, omega fatty acids and triterpenoids which are known to be healthy for hair and skin. It helps in reduction of inflammation, acne, burnt and improves the texture of skin and hair.
  
•   Use of argan oil in aromatherapy and medical is boosting the market growth due to its anti-inflammatory and anti-oxidant properties.
  

Restraints:

•   High cost of product is hampering the growth of the market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The argan oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social and technological factors affecting the argan oil market in these regions.

IMPACT OF COVID-19 ON ARGAN OILMARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Argan Oil Market Report Analysis

Argan Oil Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• ARGANisme Cosmetics S.A.R.L
• Biopur Sarl
• Frontier Natural Products Co-op Inc
• L'OCCITANE Group-Melvita
• Malak Bio
• Olvea Group
• Purus International
• Zineglob Ltd
• ARGANBULK

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Category

• Organic
• Conventional

By Application

• Food and beverages
• Personal care
• Aromatherapy

MARKET PLAYERS

The report covers key developments in the argan oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from argan oil market are anticipated to lucrative growth opportunities in the future with the rising demand for argan oil in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the argan oil market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ARGANisme Cosmetics S.A.R.L
  
•   Biopur Sarl
  
•   Frontier Natural Products Co-op Inc.
  
•   L'OCCITANE Group-Melvita
  
•   Malak Bio
  
•   Olvea Group
  
•   Purus International
  
•   Zineglob Ltd
  
•   ARGANBULK
  
•   Organica Group Ltd
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Argan Oil Market Report Scope