Argan Oil Market Trends, and Competitive Outlook Forecast to 2022-27
The IMARC Group provides extensive analysis of the argan oil industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on argan oil market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.
Informed covered in the report:
- Historical market data from 2016-2021
- CAGR of the market during the forecast period 2022-2027
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the Keyword market size and its contribution to the parent market
- Upcoming market trends and changes in consumer behavior
- A thorough analysis of the market’s competitive landscape and detailed information on key players
- Comprehensive details of factors that will challenge the growth of smart meters market key players
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The global argan oil market size reached US$ 276.9 Million in 2021. 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. 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.
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. Looking forward, IMARC Group expects the argan oil market to reach US$ 541.1 Million by 2027, exhibiting a growth rate (CAGR) of 12% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Argane Aouzac
- Arganfarm sarl. au.
- Kamakhya Bottlers
- Konouz Rayyan (PURUS International)
- OLVEA Morocco
- Organica Group Ltd.
- Zidrop Argan Oil
- Zineglob Ltd.
- Personal Care and Cosmetics
- Home Cleaning
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- 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, 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.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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