Argan Oil Market Report andOpportunities by 2031
The Argan Oil Market is expected to register a CAGR of 11.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Argan Oil Market report offers a detailed analysis segmented by Product Type, Application, and Region. It features a regional overview highlighting significant markets and countries, ensuring a global perspective. Market evaluations are expressed in US dollars (US$), facilitating a comprehensive understanding of market dynamics, growth trends, and competitive landscapes across various segments. This insight equips stakeholders to identify opportunities and make informed decisions within the expanding argan oil market.
Purpose of the ReportThe report Argan Oil Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Argan Oil Market Segmentation
Category- Organic
- Conventional
- Food and Beverages
- Personal Care
- Aromatherapy
Strategic Insights
Argan Oil Market Growth Drivers- Increased demand from cosmetic industry: It is a popular ingredient used in the cosmetic and personal care products. Argan oil contains anti oxidants and anti-inflammatory characteristics that are some of the benefits that drive its demand in the market. Also there is a trend towards natural and organic products that is leading food and beverage, cosmetics, and the personal care product sector.
- Manufacturers are shifting to use more argan oil: Sustainable abundance of these products that has encouraged manufacturers to use it. Argan oils is used as a flavoring agent, which also drive the demand for argan oil from the food industry. Besides, argan is good medicine that effectively cures skin wounds, abrasions, and cuts. It is also a medicine that is used to treat high blood pressure and diabetese . As the cases of diabetese increses globally, it is expected to raise the argan oil market share over the coming decade.The argan oil market is being shaped up by many trends that drive the growth of the market and the demand for this product. One of the main trends is the sustainable nature of argan oil production.
- Rise in e-commerce: Growth in e-commerce results in a systematic change of how buyers find each kind of argan oil, starting from argan oil used for skincare, cosmetic purposes, to culinary, which consequently contributes to sales growth and brand recognition. Besides, this wondorous oil has been advertised by several social media influencers and beauty bloggers who talk about the benefits of argan oil, hence supporting the popularity of argan oil.
- Altering Consumerism: Consumers increasingly showing a preference for organic. The combination of both these trends and more indicates the bright future of argan oil market demand as driven by consumer preferences. Conventionally, argan oil sooner or later has some other organic tags attached to it, which is why the natural tag is used in almost unison with argan oil products.
- Demand for Ethical: The ethical tag also refers to the chemical-free nature of all processed argan oil and that can rely on most of the time on organic and green methods in product makeover. The market has been driven by the consumer’s preference for natural and organic products. The Argan oil market’s landscape is rattled with myriad opportunities that indicate that it’s growing and brimming with evolving and refreshing innovations.
- Product Differentiation: More recently, formulation innovations have also emerged in the argan oil market because of the additional applications that brands found on argan oil such as in several hair care, anti-aging treatments, dietary supplements, and many more. The rising consciousness of the oil on food products widens its market applications in culinary settings.
- Touching on the emerging markets: The fast-growing need for the product especially on the Asian and Latin American markets, where the consumers with every passing day continue raising awareness of the need for natural and organic products. On these two critical consumer group, the health drive is high and there’s also increased demand for cosmetology products and quality culinary products, all of which are associated with the consumption of argan oil. This could also be a direction for new product development, such as argan oil added to health supplements, snack foods or wellness goods, thanks to its new-found popularity in holistic health and nutrition.
- Sustainability: Sustainability is a particular area of interest and, for those businesses who stress socially responsible sourcing and sustainable practices, this is surely a competitive advantage in an ever more crowded marketplace. Relationships with Moroccan cooperatives give legitimacy to the brand and support to local economies.
- Strategic Marketing: e-commerce and social networking will boost exposure and access - especially to the young, who want the comfort and cred of a one-stop shop. Then, educational and marketing campaigns promoting the benefits of and polyvalence of argan oil can generate curiosity among consumers. With this, the opportunities for business are opened up in a market for argan oil that is yet to explode.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Argan Oil Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Argan Oil Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Key players in argan oil market - 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
Among some of the current and prominent trends in the market for argan oil are the growing concerns by customers on the sustainability and safety of the product since it may be internally taken for health reasons. This trend is leading to the increasing demand on organic and sustainably sourced argan oil in the market. The growing trend of skin products using natural argan oil is also another notable factor, as it further enhances the market growth. Argan oil is increasingly being utilised for culinary purposes and skin formulations.
The market is expected to register a CAGR of 11.1% during 2023-2031
Growing consumer demand for natural and organic products acts as a driving force in the market dynamics of argan oil, with the majority share in the beauty and personal care business. Argan oil has gained a high reputation for its moisturizing and nourishing capabilities; hence, it is turning into a favorite product in skincare, haircare, and cosmetics that appeal to health-conscious consumers.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Argan Oil Market - By Category
1.3.2 Argan Oil Market - By Application
1.3.3 Argan Oil Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ARGAN OIL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. ARGAN OIL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ARGAN OIL MARKET - GLOBAL MARKET ANALYSIS
6.1. ARGAN OIL - GLOBAL MARKET OVERVIEW
6.2. ARGAN OIL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ARGAN OIL MARKET - REVENUE AND FORECASTS TO 2028 - CATEGORY
7.1. OVERVIEW
7.2. CATEGORY MARKET FORECASTS AND ANALYSIS
7.3. ORGANIC
7.3.1. Overview
7.3.2. organic Market Forecast and Analysis
7.4. CONVENTIONAL
7.4.1. Overview
7.4.2. conventional Market Forecast and Analysis
8. ARGAN OIL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGES
8.3.1. Overview
8.3.2. food and beverages Market Forecast and Analysis
8.4. PERSONAL CARE
8.4.1. Overview
8.4.2. personal care Market Forecast and Analysis
8.5. AROMATHERAPY
8.5.1. Overview
8.5.2. aromatherapy Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. others Market Forecast and Analysis
9. ARGAN OIL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Argan Oil Market Overview
9.1.2 North America Argan Oil Market Forecasts and Analysis
9.1.3 North America Argan Oil Market Forecasts and Analysis - By Category
9.1.4 North America Argan Oil Market Forecasts and Analysis - By Application
9.1.5 North America Argan Oil Market Forecasts and Analysis - By Countries
9.1.5.1 United States Argan Oil Market
9.1.5.1.1 United States Argan Oil Market by Category
9.1.5.1.2 United States Argan Oil Market by Application
9.1.5.2 Canada Argan Oil Market
9.1.5.2.1 Canada Argan Oil Market by Category
9.1.5.2.2 Canada Argan Oil Market by Application
9.1.5.3 Mexico Argan Oil Market
9.1.5.3.1 Mexico Argan Oil Market by Category
9.1.5.3.2 Mexico Argan Oil Market by Application
9.2. EUROPE
9.2.1 Europe Argan Oil Market Overview
9.2.2 Europe Argan Oil Market Forecasts and Analysis
9.2.3 Europe Argan Oil Market Forecasts and Analysis - By Category
9.2.4 Europe Argan Oil Market Forecasts and Analysis - By Application
9.2.5 Europe Argan Oil Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Argan Oil Market
9.2.5.1.1 Germany Argan Oil Market by Category
9.2.5.1.2 Germany Argan Oil Market by Application
9.2.5.2 France Argan Oil Market
9.2.5.2.1 France Argan Oil Market by Category
9.2.5.2.2 France Argan Oil Market by Application
9.2.5.3 Italy Argan Oil Market
9.2.5.3.1 Italy Argan Oil Market by Category
9.2.5.3.2 Italy Argan Oil Market by Application
9.2.5.4 United Kingdom Argan Oil Market
9.2.5.4.1 United Kingdom Argan Oil Market by Category
9.2.5.4.2 United Kingdom Argan Oil Market by Application
9.2.5.5 Russia Argan Oil Market
9.2.5.5.1 Russia Argan Oil Market by Category
9.2.5.5.2 Russia Argan Oil Market by Application
9.2.5.6 Rest of Europe Argan Oil Market
9.2.5.6.1 Rest of Europe Argan Oil Market by Category
9.2.5.6.2 Rest of Europe Argan Oil Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Argan Oil Market Overview
9.3.2 Asia-Pacific Argan Oil Market Forecasts and Analysis
9.3.3 Asia-Pacific Argan Oil Market Forecasts and Analysis - By Category
9.3.4 Asia-Pacific Argan Oil Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Argan Oil Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Argan Oil Market
9.3.5.1.1 Australia Argan Oil Market by Category
9.3.5.1.2 Australia Argan Oil Market by Application
9.3.5.2 China Argan Oil Market
9.3.5.2.1 China Argan Oil Market by Category
9.3.5.2.2 China Argan Oil Market by Application
9.3.5.3 India Argan Oil Market
9.3.5.3.1 India Argan Oil Market by Category
9.3.5.3.2 India Argan Oil Market by Application
9.3.5.4 Japan Argan Oil Market
9.3.5.4.1 Japan Argan Oil Market by Category
9.3.5.4.2 Japan Argan Oil Market by Application
9.3.5.5 South Korea Argan Oil Market
9.3.5.5.1 South Korea Argan Oil Market by Category
9.3.5.5.2 South Korea Argan Oil Market by Application
9.3.5.6 Rest of Asia-Pacific Argan Oil Market
9.3.5.6.1 Rest of Asia-Pacific Argan Oil Market by Category
9.3.5.6.2 Rest of Asia-Pacific Argan Oil Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Argan Oil Market Overview
9.4.2 Middle East and Africa Argan Oil Market Forecasts and Analysis
9.4.3 Middle East and Africa Argan Oil Market Forecasts and Analysis - By Category
9.4.4 Middle East and Africa Argan Oil Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Argan Oil Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Argan Oil Market
9.4.5.1.1 South Africa Argan Oil Market by Category
9.4.5.1.2 South Africa Argan Oil Market by Application
9.4.5.2 Saudi Arabia Argan Oil Market
9.4.5.2.1 Saudi Arabia Argan Oil Market by Category
9.4.5.2.2 Saudi Arabia Argan Oil Market by Application
9.4.5.3 U.A.E Argan Oil Market
9.4.5.3.1 U.A.E Argan Oil Market by Category
9.4.5.3.2 U.A.E Argan Oil Market by Application
9.4.5.4 Rest of Middle East and Africa Argan Oil Market
9.4.5.4.1 Rest of Middle East and Africa Argan Oil Market by Category
9.4.5.4.2 Rest of Middle East and Africa Argan Oil Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Argan Oil Market Overview
9.5.2 South and Central America Argan Oil Market Forecasts and Analysis
9.5.3 South and Central America Argan Oil Market Forecasts and Analysis - By Category
9.5.4 South and Central America Argan Oil Market Forecasts and Analysis - By Application
9.5.5 South and Central America Argan Oil Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Argan Oil Market
9.5.5.1.1 Brazil Argan Oil Market by Category
9.5.5.1.2 Brazil Argan Oil Market by Application
9.5.5.2 Argentina Argan Oil Market
9.5.5.2.1 Argentina Argan Oil Market by Category
9.5.5.2.2 Argentina Argan Oil Market by Application
9.5.5.3 Rest of South and Central America Argan Oil Market
9.5.5.3.1 Rest of South and Central America Argan Oil Market by Category
9.5.5.3.2 Rest of South and Central America Argan Oil Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ARGAN OIL MARKET, KEY COMPANY PROFILES
11.1. ARGANISME COSMETICS S.A.R.L
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BIOPUR SARL
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FRONTIER NATURAL PRODUCTS CO-OP INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. L'OCCITANE GROUP-MELVITA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MALAK BIO
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. OLVEA GROUP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PURUS INTERNATIONAL
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ZINEGLOB LTD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ARGANBULK
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ORGANICA GROUP LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ARGANisme Cosmetics S.A.R.L
2. Biopur Sarl
3. Frontier Natural Products Co-op Inc
4. L'OCCITANE Group-Melvita
5. Malak Bio
6. Olvea Group
7. Purus International
8. Zineglob Ltd
9. ARGANBULK
10. Organica Group Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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