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 size reached 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:

ArganbulkArgane AouzacArganfarm sarl. au.ARGANismeKamakhya BottlersKonouz Rayyan (PURUS International)LipidineMalakbioOLVEA MoroccoOrganica Group Ltd.Zidrop Argan OilZineglob Ltd.

Key Market Segmentation:

The report has categorized the market based on type, form, application and distribution channel.

Breakup by Type:

ConventionalOrganic

Breakup by Form:

AbsoluteBlendConcentrate

Breakup by Application:

Personal Care and CosmeticsMedicalAromatherapyFoodHome CleaningOthers

Breakup by Distribution Channel:

B2BB2CSupermarkets and HypermarketsSpecialty StoresOnline StoresOthers

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 TrendsMarket Drivers and Success FactorsImpact of COVID-19Value Chain AnalysisComprehensive mapping of the competitive landscape

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