Argan Oil Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Argan Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global argan oil market grew at a CAGR of around 11% during 2015-2020. Argan oil refers to an organic compound extracted from the kernels of the Argan tree. It is a rich source of vitamin A and E, antioxidants, triterpenoids and omega-6 fatty and linoleic acids. The oil is commercially produced in concentrated, absolute and blended variants, which are used in culinary and cosmetic applications. It can either be applied topically or ingested in the form of a supplement capsule to provide various health benefits, such as treating acne, skin irritation, stretch marks and signs of aging and moisturizing the skin. As a result, the oil is widely used as a key ingredient in various premium-quality personal care products, including lotions, creams, shampoos, soaps and conditioners.

The global argan oil market is primarily being driven by the increasing product utilization in the cosmetic and food and beverage industries. Argan oil is widely used in the manufacturing of various baked products and dairy and frozen desserts across the globe. Furthermore, the widespread adoption of argon oil in the production of pharmaceutical and nutraceutical products is also driving the market growth. Argan oil exhibits various anti-inflammatory, anti-proliferative, antioxidant and analgesic properties, due to which it is extensively being used to produce drugs and medicines for skin-related and other medical conditions. Additionally, various product innovations, such as the launch of organic argan oil packaged in recyclable containers, are acting as other growth-inducing factors. In line with this, it is harvested by using bio-based fertilizers, green manure, bone meal and compost manure for sustainable cultivation and sourcing of the oil. Other factors, including increasing utilization of argan oil in aromatherapy, along with rising expenditure capacities of the consumers, are anticipated to drive the market further. Looking forward, IMARC Group expects the global argan oil market to exhibit moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global argan oil market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, form, application and distribution channel.

Breakup by Type:

Conventional
Organic

Breakup by Form:

Absolute
Blend
Concentrate

Breakup by Application:

Personal Care and Cosmetics
Medical
Aromatherapy
Food
Home Cleaning
Others

Breakup by Distribution Channel:

B2B
B2C
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Arganbulk, Argane Aouzac, Arganfarm sarl. au., ARGANisme, Kamakhya Bottlers, Konouz Rayyan (PURUS International), Lipidine, Malakbio, OLVEA Morocco, Organica Group Ltd., Zidrop Argan Oil and Zineglob Ltd.

Key Questions Answered in This Report:

How has the global argan oil market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global argan oil market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the form?
What is the breakup of the market based on the application?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global argan oil market and who are the key players?
What is the degree of competition in the industry?