Report Overview
Argan oil, derived from the kernels of the argan tree, is renowned for its cosmetic, culinary, and medicinal properties. In the market, it is positioned as a premium product due to its limited geographic availability and labor-intensive extraction process. The oil is rich in essential fatty acids, antioxidants, and vitamin E, making it a sought-after ingredient in skincare, haircare, and food products.
The current market size of argan oil in 2023 stands at approximately USD 200 million. Looking ahead, the market is projected to grow at a Compound Annual Growth Rate (CAGR) of 10.50% from 2024 to 2032. This growth can be attributed to increasing consumer awareness of natural and organic products, rising disposable incomes, and the expanding application of argan oil in various industries.
Several key growth drivers fuel the demand for argan oil. In the cosmetics industry, the shift towards clean beauty and natural ingredients drives the adoption of argan oil in skincare and haircare products. Additionally, the growing popularity of gourmet cooking and the rising demand for healthy oils contribute to the expansion of the culinary segment. Furthermore, the increasing focus on sustainable sourcing practices and fair trade principles enhances the market appeal of argan oil.
Analyzing market trends reveals a growing preference for clean label products, driving the demand for argan oil in the beauty and personal care sector. Brands are incorporating argan oil into their formulations to cater to environmentally conscious consumers seeking natural alternatives. Moreover, the rise of e-commerce platforms has facilitated the accessibility of argan oil products to a global audience, further boosting market growth.
Regionally, Morocco dominates the argan oil market as the primary producer and exporter of this valuable commodity. The country’s unique climate and geography provide the ideal conditions for cultivating the argan tree, giving Moroccan argan oil a reputation for superior quality. Other key markets include the United States, Europe, and Asia, where the demand for natural and organic products continues to rise.
Despite its promising outlook, the argan oil market faces challenges such as counterfeit products, which undermine consumer trust and brand reputation. Additionally, fluctuations in argan oil prices due to supply chain disruptions and climate-related factors pose risks to market stability. To mitigate these challenges, companies should focus on quality control measures, sustainable sourcing practices, and strategic partnerships to ensure the authenticity and reliability of their argan oil products.
This report provides a deep insight into the global Argan Oil market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Argan Oil Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Argan Oil market in any manner.
Global Argan Oil Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
ARGANisme
Bios Agadir
Biopur
Nadifi Argan
ZineGlob SARL
ARGATLAS
Kanta Enterprises
Mountain Dust
OLVEA
Market Segmentation (by Type)
Food Grade
Pharmaceutical Grade
Market Segmentation (by Application)
Cosmetics
Food
Pharmaceutical
Geographic Segmentation
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Argan Oil Market
• Overview of the regional outlook of the Argan Oil Market:
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
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Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Argan Oil Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market’s competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter’s five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
Chapter 12 is the main points and conclusions of the report.