Argan Oil Market Will Generate Record Revenue by 2028
Argan oil is produced from kernel fruit of the Argan tree that is endemic in Morocco. The oil is used in traditional cuisine and also in traditional medicine to treat some skin and joint pain issues. The global argan oil market is projected to grow at a CAGR of 6.9% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the use of argan oil across various applications such as food, medical, personal care & cosmetics, and others owing to various benefits offered by the argan oil. Some of the key benefits argan oil possesses majorly include cardioprotective properties. In major age-related diseases such as cardiovascular diseases, ocular diseases, and neurodegenerative diseases particularly Alzheimer’s disease, a rupture of the RedOx equilibrium is observed. For the treatment of which, argan oil is used. Argan oil also possesses properties such as antiproliferative and antidiabetic, due to which is widely used as a medicinal ingredient.
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Besides, the growing trend of the consumption and use of natural and organic products in food and personal care & cosmetic products is also likely to provide growth opportunities to the market growth during the forecast period. There is a variety of argan oil available in the market ranging from conventional argan oil, cold pressed edible oil, cold pressed cosmetic oil, and industrial cosmetic oil. Hence, the availability of a wide range of products is likely to provide growth opportunities to the global argan oil market during the forecast period.
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· Market Coverage
· Market number available for – 2022-2028
· Base year- 2021
· Forecast period- 2022-2028
· Segment Covered- By Source, By Product Type, By Applications
· Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Argan Oil Market – Segmentation
By Source
- Conventional
- Organic
By Application
- Food
- Medical
- Personal Care & Cosmetics
- Others (Cleaning)
By Distribution Channel
- B2B
- B2C
o Offline Channels
o Online Channels
Global Argan Oil Market – Segmentation by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global argan oil market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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