Argan oil is extracted from the kernels of argan trees endemic to Morocco. It is most commonly offered as pure oil, which may be used topically (directly to the skin) or consumed to give a variety of health advantages. It is available as a supplement medication to be taken orally. It is also often found in a variety of cosmetic items including shampoos, conditioners, and soaps. Argan oil has consistently been used to enhance the health of skin, hair, and nails, both topically and orally. It has a variety of therapeutic compounds and vitamins that work together to improve skin health.
Argan Oil Market size was valued at US$ 312.13Mn in 2021 and the total Argan Oilrevenue is expected to grow at 9.8% from 2022 to 2029, reaching nearly US$ 659.41 Mn.
Argan Oil Market overview:
The Argan Oil market’s competitive landscape comprises information about rivals. The topics covered include a firm overview, financials, revenue produced, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product launch, and application domination. The following information is only relevant to the organization’s focus on the Argan Oil market.
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Argan Oil Market scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research’s market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). To create percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. The percentage acceptance or usage of the given market Size in the relevant area or nation determines the country-wise segmentation of the main market and its sub-segments.
Segmentation:
By Type Segment, the Natural Argan Oil segment is expected to dominate the Argan Oil Market at the end of the forecast period.After 60 days, topical use of natural argan oil in postmenopausal women resulted in a considerable improvement in skin elasticity. This impact was increased further by the oral use of argan oil by half of the participants. While the results are intriguing, they are hampered by the lack of a placebo control group.
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Key Players: Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data. The following are the key players of the Argan Oil market-
- OLVEA Morocco
• ARGANisme Cosmetics S.A.R.L
• Zineglo
• Saadia Organics
• Essence Of Argan
• Biopur
• Argan Diva
• Josie Maran Cosmetics
• Argan Liquid Gold
• NadifiArgan
• SidiYassine
• Marogonia
• VimaSouss, Malak Bio
• Amorre
• BioAdorates
• Zineglob
• Mabioma
Regional Analysis:
Individual market influencing components and changes in market rules that affect current and future market trends are also investigated in the geographical component of the research. Some of the factors used to forecast market scenarios for various countries include downstream and upstream value chain analysis, technological trends, Porter’s five forces analysis, and case studies.
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COVID-19 Impact Analysis on Argan Oil Market: Furthermore, the research assesses the impact of COVID-19 on the Argan Oil market. The fundamental purpose of this research is to help users understand the market in terms of definition, segmentation, market potential, key trends, and difficulties that the industry confronts across major regions. The paper provides a microeconomic and macroeconomic analysis of the overall impact of COVID-19 on the Argan Oil Market. The report focuses on market share and size, clearly demonstrating the pandemic’s influence on the worldwide Argan Oil Market in the next years.
Key Questions Answered in the Argan Oil Market Report are:
- What will be the Argan Oil market’s CAGR throughout the projected period (2021-2027)?
- Which market category emerged as the market leader in the Argan Oil industry?
- Who are the key players in the Argan Oil market?
- What important trends in the Argan Oil industry are anticipated to develop throughout the forecast period?
- How big will the Argan Oil market be in 2027?
- In 2020, which business segment had the highest proportion of the Argan Oil market?
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