Argan Oil Market Growth, Structure, Opportunity and Forecast By 2027

Argan Oil Market Growth, Structure, Opportunity and Forecast By 2027

Argan Oil Market Outlook

Argan oil is an organic compound extracted from the kernels of the argan tree and commercially produced in absolute, concentrated, and blended variants. It is largely used in culinary and cosmetic applications as it is a rich source of antioxidants, vitamin E and A, omega-6 fatty and linoleic acids, and triterpenoids.

The global argan oil market reached a value of US$ 276.9 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 541.1 Million by 2027, exhibiting a growth rate (CAGR) of 12% during 2022-2027.

It can be ingested in the form of a supplement capsule or applied topically. Argan oil provides various health benefits, including treating skin irritation, acne, signs of aging, and stretch marks.

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Argan Oil Market Trends:

The rising demand for argan oil across the cosmetics and food and beverage (F&B) industries is one of the prime factors driving the market growth. For instance, it is used as the main ingredient in the manufacturing of several premium personal care products, such as soaps, shampoos, lotions, conditioners, and creams. Furthermore, key players are launching organic oil packed in recyclable containers to meet the growing environmental consciousness among consumers. Apart from this, the increasing consumer expenditure power and the rising product demand across the pharmaceutical industry are creating a positive outlook for the market.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players:

  • Arganbulk
  • Argane Aouzac
  • Arganfarm sarl. au.
  • ARGANisme
  • Kamakhya Bottlers
  • Konouz Rayyan (PURUS International)
  • Lipidine
  • Malakbio
  • OLVEA Morocco
  • Organica Group Ltd.
  • Zidrop Argan Oil
  • Zineglob Ltd.

Key Market Segmentation:

The report has categorized the market based on 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)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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Key highlights of the report:                                                    

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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