Global Argan Oil Market Overview
According to SPER Market Research, the Global Argan Oil Market is estimated to reach USD 0.89 billion by 2032 with a CAGR of 11.62%.
A substance called argan oil is created from the argan tree's kernels. There are high quantities of linoleic acid, triterpenoids, antioxidants, omega-6 fatty acids, and vitamins A and E. For use in cooking and cosmetics, the oil is marketed in concentrated, absolute, and mixed forms. It has several health benefits and may be used topically or taken orally for the treatment of stretch marks, ageing signs, acne, and skin irritation. As a result, oil may be found in a wide range of high-end personal care items, including creams, lotions, serums, shampoos, conditioners, and soaps. Argan oil has become one of the top products in the cosmetics and personal care industries. This can be attributed to its innovative properties, which also feature notable anti-inflammatory and antioxidant content in addition to additional noteworthy benefits for cosmetics and haircare.
Manual or mechanical methods can be used to extract argan oil from the kernels of argan tree fruits. Moroccan argan trees are accessible. They may flourish and endure in the Mediterranean's semi-desert regions. The argan tree produces a nut with a distinctive oil because of its deep roots and small leaves, which withstand desert winds and water loss. Because of the nutritional, botanical, and ecological benefits of argan oil, it is widely utilised. Due to its numerous advantages for skin care and hair care products as well as its high-quality antioxidants and anti-inflammatory qualities, argan oil is extensively utilised in the cosmetic and personal care business. Men's grooming solutions including shower gels, beard and hair oils, skin moisturizers, and waxes infused with argan and other essential oils have become more popular over the past few years.
Impact of COVID-19 on the Global Argan Oil Market
The COVID-19 pandemic has an impact on the world's food business since governments have closed pubs and restaurants to stop the virus's spread. Restaurant closures have had a significant impact on allied businesses such as food production, the manufacturing of liquor, wine, and beer, the transportation of food and beverages, fishing, and farming. Due to increased consumer awareness during the COVID-19 pandemic, it is anticipated that there would be an increase in the demand for personal hygiene and homecare goods. The pandemic has increased consumer awareness of the importance of maintaining personal and household hygiene in order to lower the risk of infection.
Personal care items are anticipated to see a rise in demand as a result. When production was stopped as a result of social alienation policies implemented by governments, the COVID-19 outbreak had a negative impact on the world market for argan oil. The supply chain was seriously damaged at this time, which stopped the market from expanding. The first two quarters of last year saw the market in a state of stagnation. Significant cutbacks in worldwide demand also contributed to major revenue declines. Nevertheless, in the first quarter of previous year, the market returned to its normal growth pattern. Yet, as a result of increased consumer awareness during the COVID-19 outbreak, there was an upsurge in demand for personal hygiene and home care products. Consumers are now more aware of the need of maintaining personal and home hygiene as a result of the outbreak.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Form, By Application
|
| Regions covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | ARGANBULK, Argane Aouzac, Arganfarm sarl. au., ARGANisme, DSM, Lipidine, Malakbio, OLVEA, Organica Group Ltd., Pure Argan Co., Zidrop Argan Oil
|
Target Audience:
- Anti-Oxidant Manufacturing Agents
- Anti-Proliferative Agent
- Analgesic Agents
- Pharmaceutical Industry
Global Argan Oil Market Segmentation:
1. By Type:
2. By Form:
3. By Application:
- Personal Care
- Medical
- Aromatherapy
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Argan Oil Market Size (FY’2019-FY’2032)
- Overview of Global Argan Oil Market
- Segmentation of Global Argan Oil Market By Type (Conventional, Organic)
- Segmentation of Global Argan Oil Market By Form (Absolute, Blend, Concentrate)
- Segmentation of Global Argan Oil Market By Application (Personal Care, Medical, Aromatherapy)
- Statistical Snap of Global Argan Oil Market
- Growth Analysis of Global Argan Oil Market
- Problems and Challenges in Global Argan Oil Market
- Competitive Landscape in the Global Argan Oil Market
- Impact of COVID-19 and Demonetization on Global Argan Oil Market
- Details on Recent Investment in Global Argan Oil Market
- Competitive Analysis of Global Argan Oil Market
- Global Argan Oil Market Key Players
- SWOT Analysis of Global Argan Oil Market
- Global Argan Oil Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Argan Oil Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Argan Oil Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Argan Oil Market
7. Global Argan Oil Market, By Type, 2019-2032 (USD Million)
7.1 Conventional
7.2 Organic
8. Global Argan Oil Market, By Form, 2019-2032 (USD Million)
8.1 Absolute
8.2 Blend
8.3 Concentrate
9. Global Argan Oil Market, By Application, 2019-2032 (USD Million)
9.1 Personal Care
9.2 Medical
9.3 Aromatherapy
10.Global Argan Oil Market, By Region, 2019-2032 (USD Million)
10.1 Global Argan Oil Market and Market Share by Region (2019-2025)
10.2 Global Argan Oil Market and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11.Company Profiles
11.1 Arganbulk
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 Argane Aouzac
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Arganfarm sark au
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 Aragnisme
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Lipidine
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Malakbin
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 Olvea
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 Organica Group Ltd
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 Pure Argan Co.
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
12.List of Abbreviations
13.Reference Links
14.Conclusion
15.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
