Argan Oil Market size was valued at US$ 342.71 Mn in 2022 and the total Argan Oil revenue is expected to grow at 9.8% from 2023 to 2029, reaching nearly US$ 659.40 Mn.
Argan Oil Market Overview:
The study is based on thorough research, qualitative and quantitative assessment by industry experts, and inputs from professionals in the field and supply chain players. The research examines parent market trends, macroeconomic data, and controlling variables in-depth, as well as market attractiveness by segment. The qualitative influence of key market variables on market segments and regions is also mapped out in the study.
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Argan Oil Market Scope:
This Argan Oil market review examines the latest developments, regulatory frameworks, trade analysis, business model, supply chain utilization, market dominance, the impact of residential and localized market participants, assessments possibilities in terms of evolving revenue spots, shifts in market regulations, tactical industry growth analysis, sales volume, categorical market growth, implementation niches and dominance, product releases, global coverage, and, product launches. Contact Stellar Market Research for an Analyst Brief to learn more about the Argan Oil market. Our staff will assist you in making an educated market decision to achieve market growth.
Argan Oil Market Segmentation :
At the end of the projected period, the Argan Oil Market is anticipated to be dominated by the Type Segment, specifically the Natural Argan Oil segment.Skin elasticity significantly improved in postmenopausal women who applied topical natural argan oil after 60 days. The fact that half of the participants took argan oil orally enhanced this effect even more. Despite being intriguing, the results are limited because there was no placebo control group.
By the end of the projected period, the organic segment should have a sizable increase in market share. One of the purest forms of oil, organic argan oil is frequently utilized in aromatherapy. Organic farmers that harvest argan oil use bio-based fertilizers like bone meal and green manure.
At the end of the projected period, Absolute Argan Oil Form is anticipated to lead the global Argan oil market by Form Segment. The concentrated form of argan oil that is obtained from plant kernels through solvent extraction techniques is known as the absolute form. This variety is made by first grinding the kernels, letting them hang in solvents, and finally vaporizing the solvents to extract the oil. Among many other uses, the absolute form is employed in aromatherapy, fragrance, and cosmetics.
The blended version has vegetables, essential oils, and argan oil. Blended forms are frequently used in cleaning, household product compositions, and cooking recipes. Locally produced goods are highly preferred by Moroccan consumers. It is anticipated that rising consumer demand for blends in this market will fuel the segment’s expansion.
At the end of the projected period, aromatherapy massage is expected to lead the argan oil market by Applications segment. This massage with aromatherapy is well known for its many benefits. It promotes balance, harmony, and physical and mental calm. It also fortifies the immune system, supporting a variety of biological processes and thwarting infections. Additionally, argan oil is sold commercially in cosmetic and culinary goods. When it comes to production techniques, culinary oil is a food-grade product that differs from cosmetic grade. The kernels are toasted to give them a nutty flavor and aroma before being used to make culinary oil.
1. Argan Oil Market Size and Forecast, by Type (2022-2029)
1.1. Natural
1.2. Organic
2. Argan Oil Market Size and Forecast, by Form (2022-2029)
2.1. Absolute
2.2. Concentrates
2. Blends
2.4. Others
Argan Oil Market Size and Forecast, by Application (2022-2029)
1. Therapeutics
2. Aromatherapy
Food & Beverages
4. Cosmetics& Personal Care
5. Medical
6. Cleaning and Home
7. Others
4. Argan Oil Market Size and Forecast, by distribution channel (2022-2029)
4.1. B2B
4.2. B2C
5. Argan Oil Market Size and Forecast, by Region (2022-2029)
5.1. North America
5.2. Europe
5. Asia Pacific
5.4. Middle East and Africa
5.5. South America
𝗚𝗲𝘁 𝘁𝗵𝗲 𝗣𝗗𝗙 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁
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Argan Oil Market Key Players:
To extend their presence in emerging nations and eventually broaden their client base, the key players in the market are embracing different growth tactics such as agreements and strategic alliances, as well as new product debuts. The following are some of the major participants in the Argan Oil market:
1. OLVEA Morocco
2. ARGANisme Cosmetics S.A.R.L
3. Zineglo
4. Saadia Organics
5. Essence Of Argan
6. Biopur
7. Argan Diva
8. Josie Maran Cosmetics
9. Argan Liquid Gold
10.NadifiArgan
11.SidiYassine
12.Marogonia
13.VimaSouss, Malak Bio
14.Amorre
15.BioAdorates
16.Zineglob
17.Mabioma
𝗚𝗲𝘁 𝘁𝗵𝗲 𝗣𝗗𝗙 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁
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Argan Oil Market Regional Analysis:
Individual market affecting elements and changes in market legislation that affect present and future marketing strategies are also discussed in the country-focused discussion of the Argan Oil market study. Some of the primary elements utilized to anticipate the market situation for particular nations are consumer volumes, processing facilities, and inventories, shipping analysis, price predictive modeling, price of raw materials, and upstream and downstream value chain analysis. While offering forecast analysis of the national data, the existence and affordability of global brands, as well as the obstacles they face due to significant or limited rivalry from local and domestic manufacturers, the influence of local tariffs, and shipping lanes are all taken into account.
COVID-19 Impact Analysis on Argan Oil Market:
The COVID-19 outbreak resulted in a severe and prolonged decline in production efficiency, while travel bans and factory closures kept people away from their businesses, Argan Oiling the Argan Oil market to slow in 2020. The new research features pandemic’s impact on the Argan Oil# market, as well as observations, research, estimations, and projections. The Stellar Argan Oil Market Research study contains an in-depth examination of customer behavior in the aftermath of the virus, as well as its influence on the Argan Oil market’s outlook, classification, trends, and economic constraints.
Key Questions Answered in the Argan Oil Market Report are:
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- What are the drivers motivating overall Argan Oil market advancement in the upcoming period?
- What revenue potential is estimated from the Argan Oil market’s transactions in the years ahead?
- What CAGR potential is forecasted for the Argan Oil market in the approaching period?
- Who are the significant contenders functioning in the Argan Oil market?
- Which region is Argan Oiling the global Argan Oil market share at the end of the forecast period?
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