Argan Oil Market Size, Demand, Revenue, Challenges, Growth Drivers, Emerging Trends, Opportunities and Forecast Outlook 2032

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Argan Oil Market Size, Demand, Revenue, Challenges, Growth Drivers, Emerging Trends, Opportunities and Forecast Outlook 2032: SPER Market Research


 Category : Consumer & Retail

 Published: Mar-2023
 Author: SPER Analyst


Global Argan Oil Market is projected to be worth USD 0.89 billion by 2032 and is anticipated to expand at a CAGR of 11.89%.

The kernels of the argan tree are used to make a product known as argan oil. Linoleic acid, triterpenoids, antioxidants, omega-6 fatty acids, and vitamins A and E are present in significant amounts. The oil is offered in concentrated, absolute, and blended versions for use in cooking and cosmetics. It offers a number of health advantages and may be applied topically or ingested to treat stretch marks, ageing symptoms, acne, and skin irritation. Oil may thus be discovered in a variety of high-end personal care products, including as creams, lotions, serums, shampoos, conditioners, and soaps. 

One of the most popular items in the cosmetics and personal care sectors is argan oil. Due to its deep roots and tiny leaves, which can endure desert winds and water loss, the argan tree produces a nut with a characteristic oil. Argan oil is frequently used because of its nutritional, botanical, and environmental advantages. Argan oil is widely used in the cosmetic and personal care industry due to its many benefits for skin care and hair care products as well as its high-grade antioxidants and anti-inflammatory properties. During the past several years, products for men's grooming, including as shower gels, beard and hair oils, skin moisturisers, and waxes enriched with argan and other essential oils, have gained popularity.

As countries have shut down bars and restaurants to hinder the virus's transmission, the COVID-19 pandemic has an effect on the global food industry. Restaurant closings have significantly impacted related industries including food production, wine, beer, and liquor production and manufacture, food and beverage transportation, fishing, and farming. It is projected that demand for personal hygiene and homecare products would rise as a result of greater consumer awareness during the COVID-19 pandemic. Consumer awareness of the value of maintaining personal and home cleanliness to reduce the risk of infection has grown as a result of the epidemic. 

At this point, the supply chain was severely harmed, preventing the market from growing. The market remained stagnant for the first two quarters of last year. Substantial reductions in demand around the globe also contributed to sharp drops in revenue. Nonetheless, the market resumed its typical growth trend in the first quarter of the prior year. Yet, there was an increase in demand for personal hygiene and home care goods as a result of greater consumer awareness during the COVID-19 epidemic. Due to the epidemic, consumers are now more aware of the need of maintaining personal and household hygiene.


Argan Oil Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ARGANBULK, Argane Aouzac, Arganfarm sarl. au., ARGANisme, DSM, Lipidine, Malakbio, OLVEA, Organica Group Ltd., Pure Argan Co., Zidrop Argan Oil

Global Argan Oil Market Segmentation:

By Type: Based on the Type, Global Argan Oil Market is segmented as; Conventional, Organic
By Form: Based on the Form, Global Argan Oil Market is segmented as; Absolute, Blend, Concentrate

By Application: Based on the Application, Global Argan Oil Market is segmented as; Personal Care, Medical, Aromatherapy

By Region: The majority of global income came from North America, which dominated the sector. The expanding appeal of bio-based cosmetics, personal care items, and aromatherapy products was suggested as the cause of this. It is employed in aromatherapy treatments to enhance emotional, mental, and spiritual growth. The body is balanced, tension is reduced, and many body processes are assisted in fighting off ailments by aromatherapy massage. As a result, aromatherapy products are easily available in specialist stores and internet shopping hubs throughout North America. Due to growing innovations in new hairstyle methods and consumer awareness of beautiful appearances, particularly in developed economies like United States, hair products are predicted to be in high demand.

For More Information about this Report @ https://www.sperresearch.com/report-store/argan-oil-market.aspx

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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