Report cover image

Global Argan Oil Market Size, Trends, Growth Opportunity, By Type, By Form, By Distribution Channel, By Application, By Region and Forecast Till 2027.

Publisher QualiKet Research
Published Dec 01, 2022
SKU # QUA17624092

Description

Global Argan Oil Market Size, Trends, Growth Opportunity, By Type, By Form, By Distribution Channel, By Application, By Region and forecast till 2027.

Global Argan Oil Market

Global Argan Oil Market was valued at USD 312.13 billion in 2021 and expected to reach USD 546.15 billion by 2027 at a CAGR of 6.7% from 2022-2027.

The kernels of the argan tree are used to make argan oil, an organic material. It contains significant amounts of antioxidants, omega-6 fatty acids, triterpenoids, and linoleic acid in addition to vitamins A and E. The oil is offered commercially in concentrated, absolute, and blended forms for use in cooking and cosmetics. For a number of health benefits, such as treating acne, stretch marks, skin irritation, and ageing signs, as well as moisturising the skin, it can be applied topically or taken as a supplement tablet. The oil is therefore present in a large selection of high-end personal care items, such as creams, lotions, soaps, shampoos, and conditioners.

Market Drivers

The demand for argan oil in cosmetic goods is anticipated to increase as consumers' preferences for natural and organic products grow. Argan oil's growing appeal and the advantages it offers have encouraged global R&D efforts as well as the emergence of numerous businesses. The market for argan oil will be driven by the rising demand for it in frozen foods, desserts, confections, snacks, and sweets because it gives these foods flavour. The increasing use of argon oil in the manufacture of pharmaceutical and nutraceutical goods will increase the favourable prospects for the expansion of the argan oil market. The personal care and cosmetics sectors use argan oil as an active ingredient. Due to its anti-aging properties, the ingredient is becoming more and more popular in a wide range of cosmetic formulas, including serums, lip balms, lipsticks, face oils, and so on. Industry giants including L'Oréal, Lakmé, and Sephora have created cosmetic product lines based on argan oil. Demand for argan oil in beauty products is anticipated to increase due to the growing popularity of natural and organic ingredients.

The market is anticipated to grow as a result of widespread medicinal applications and the spike in popularity of argan-based beauty products. Due to its anti-inflammatory, antioxidant, anti-proliferative, aphrodisiac, and analgesic characteristics, argan oil is employed in a variety of medical procedures. Because of its antibacterial properties, the medication is used to cure skin wounds, cuts, and abrasions more quickly.

Market restraints

The product's high cost will slow the rate of market expansion. The high costs associated with research and development in emerging countries also hinder the market's overall growth for argan oil. Throughout the forecast period, the argan oil market will also face additional challenges from rigorous governmental regulations and the usage of conventional methods for extraction

Market Segmentation

The Global Argan Oil Market is segmented into Type, Form, Distribution Channel, Application. By Type such as Conventional, Organic. By Form such as Absolute, Blend, Concentrate. By Distribution Channel such as B2B, B2C (Supermarket/Hypermarket, Specialty Retailer, Online Stores, Others), By Application such as Personal Care & Cosmetics, Medical, Aromatherapy, Food, Cleaning and Home, Others.

Regional Analysis

The Global Argan Oil Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The rising use of biobased personal care, cosmetics, and aromatherapy products has made North America one of the major argan oil users. The only region in the world that engages in commercial-scale production is the Middle East and Africa. In Morocco, argan trees are primarily grown in the semi-arid and dry areas surrounding Essaouira and Agadir. Due to the inclusion of high-performance components including vitamin E, omega 6, beta-amyrin, omega 3, triterpenoids, butyrospermol, lupeol, and tocopherols in argan oil, the U.S. market for argan oil is expanding and becoming more significant. One of the biggest markets for argan oil worldwide is Europe. The organic personal care and cosmetics business in Asia Pacific is showing great promise. The biggest regional market is China, which is followed by Japan and India. Due to the existence of powerful local enterprises, India is one of the most preferred countries for making inexpensive pharmaceuticals.

Key Players

This report includes a list of several Key Players, namely OLVEA, ARGANisme, Zineglob, PURUS (Purus International), Malakbio, Argane Aouzac, Organica Group LTD, Arganfarm, Kamakhya Bottlers, Zidrop Argan Oil, and ARGANBULK.

Market Taxonomy

By Type
  • Conventional
  • Organic.
By Form
  • Absolute
  • Blend
  • Concentrate
By Distribution Channel
  • B2B
  • B2C
Supermarket/Hypermarket

Specialty Retailer

Online Stores

Others

By Application
  • Personal Care & Cosmetics
  • Medical
  • Aromatherapy
  • Food
  • Cleaning and Home
  • Others.
By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Table of Contents

1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Argan Oil Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Argan Oil Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Argan Oil Market Share Analysis, By Type
5.3 Global Argan Oil Market Size and Forecast, By Type
5.3.1 Conventional
5.3.2 Organic.
6 Global Argan Oil Market, By Form
6.1 Y-o-Y Growth Comparison, By Form
6.2 Global Argan Oil Market Share Analysis, By Form
6.3 Global Argan Oil Market Size and Forecast, By Form
6.3.1 Absolute
6.3.2 Blend
6.3.3 Concentrate
7 Global Argan Oil Market, By Distribution Channel
7.1 Y-o-Y Growth Comparison, By Distribution Channel
7.2 Global Argan Oil Market Share Analysis, By Distribution Channel
7.3 Global Argan Oil Market Size and Forecast, By Distribution Channel
7.3.1 B2B
7.3.2 B2C
7.3.2.1 Supermarket/Hypermarket
7.3.2.2 Specialty Retailer
7.3.2.3 Online Stores
7.3.2.4 Others
8 Global Argan Oil Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Argan Oil Market Share Analysis, By Application
8.3 Global Argan Oil Market Size and Forecast, By Application
8.3.1 Personal Care & Cosmetics
8.3.2 Medical
8.3.3 Aromatherapy
8.3.4 Food
8.3.5 Cleaning and Home
8.3.6 Others.
9 Global Argan Oil Market, By Region
9.1 Global Argan Oil Market Share Analysis, By Region
9.2 Global Argan Oil Market Share Analysis, By Region
9.3 Global Argan Oil Market Size and Forecast, By Region
10 North America Argan Oil Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Argan Oil Market Share Analysis, By Form
10.3 North America Argan Oil Market Size and Forecast, By Distribution Channel
10.4 North America Argan Oil Market Size and Forecast, By Application
10.5 North America Argan Oil Market Size and Forecast, By Country
10.5.1 U.S.
10.5.2 Canada
10.5.3 Mexico
11 Europe Argan Oil Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Argan Oil Market Share Analysis, By Form
11.3 Europe Argan Oil Market Size and Forecast, By Distribution Channel
11.4 Europe Argan Oil Market Size and Forecast, By Application
11.5 Europe Argan Oil Market Size and Forecast, By Country
11.5.1 Germany
11.5.2 France
11.5.3 UK
11.5.4. Rest of Europe
12 Asia Pacific Argan Oil Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Argan Oil Market Share Analysis, By Form
12.3 Asia Pacific Argan Oil Market Size and Forecast, By Distribution Channel
12.4 Asia Pacific Argan Oil Market Size and Forecast, By Application
12.5 Asia Pacific Argan Oil Market Size and Forecast, By Country
12.5.1 China
12.5.2 Japan
12.5.3 India
12.5.4. Rest of Asia Pacific
13 Latin America Argan Oil Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Argan Oil Market Share Analysis, By Form
13.3 Latin America Argan Oil Market Size and Forecast, By Distribution Channel
13.4 Latin America Argan Oil Market Size and Forecast, By Application
13.5 Latin America Argan Oil Market Size and Forecast, Country
13.5.1. Brazil
13.5.2. Rest of Latin America
14 Middle East Argan Oil Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Argan Oil Market Share Analysis, By Form
14.3 Middle East Argan Oil Market Size and Forecast, By Distribution Channel
14.4 Middle East Argan Oil Market Size and Forecast, By Application
14.5 Middle East Argan Oil Market Size and Forecast, By Country
14.5.1. Saudi Arabia
14.5.2. UAE
14.5.3. Egypt
14.5.4. Kuwait
14.5.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 OLVEA
16.1.1 Overview
16.1.2 Products
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 ARGANisme
16.2.1 Overview
16.2.2 Products
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Zineglob
16.3.1 Overview
16.3.2 Products
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 PURUS (Purus International)
16.4.1 Overview
16.4.2 Products
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Malakbio
16.5.1 Overview
16.5.2 Products
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Argane Aouzac
16.6.1 Overview
16.6.2 Products
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Organica Group LTD
16.7.1 Overview
16.7.2 Products
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 Arganfarm
16.8.1 Overview
16.8.2 Products
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Kamakhya Bottlers
16.9.1 Overview
16.9.2 Products
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Zidrop Argan Oil
16.10.1 Overview
16.10.2 Products
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us