Argan Oil Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2031


Posted May 2, 2024 by mansi3210

The global Argan Oil market is anticipated to grow significantly at a CAGR of 6.9% over the forecast period.

 
The global Argan Oil market is anticipated to grow significantly at a CAGR of 6.9% over the forecast period. The global argan oil market is segmented on the basis of source, applications, and distribution channels. Based on the source, the market is segmented as conventional and organic. Based on the application, the market is segmented as food, medical, personal care & cosmetics, and others. The other segment includes cleaning. The cosmetic segment is likely to hold a substantial share in the global argan oil market during the forecast period. Whereas, based on the distribution channel, the market is segmented as B2B and B2C. The B2C segment further includes offline channels and online channels.

The key aspect that drives the cosmetic segment growth of the global argan oil market is the wide use of argan oil in cosmetic products especially in anti-aging and moisturizing products. Cosmetic grade argan oil can also be directly used for skin application areas as a lotion. The content in the cosmetic grade oil of volatile components is lower than that of edible argan oil and the shelf life is also shorter probably by up to 2 years, owing to the formation. Attributing to various nutritional benefits such as vitamin A, vitamin E, and essential fatty acids it is highly used in the cosmetic industry. Besides, argan oil is also utilized to nourish the skin prevent acne, eczema, healing scar tissues, dry skin, psoriasis, and many more skin disorders. Hence, such benefits and properties associated with the use of argan oil are likely to drive the growth of the market during the forecast period.

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Market Coverage

Market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- By Source, Application, and Distribution Channel
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- Argan Liquid Gold, ARGANisme Cosmetics S.A.R.L, Biopur Sarl, Frontier Natural Products Co-op Inc., John Masters Organics Inc., L'OCCITANE Group-Melvita, Morgan Cosmetics, LLC, Olvea Group, Organica Group Ltd., and Zineglob Ltd. among others
Argan Oil Market – Segmentation

By Source

Conventional
Organic
By Application

Food
Medical
Personal Care & Cosmetics
Others (Cleaning)
By Distribution Channel

B2B
B2C
Offline Channels
Online Channels
A full Report of Argan Oil Market is Available at: https://www.omrglobal.com/industry-reports/argan-oil-market

Regional Analysis

North America

United States
Canada
Europe

UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific

India
China
Japan
Rest oF APAC
Rest of The World

Latin America
Middle East & Africa
Company Profiles

Agadir International
Argan Liquid Gold
ARGANisme Cosmetics S.A.R.L
Beauty Quest Group
Biopur Sarl
Conair Corp.
Earthly Body
Frontier Natural Products Co-op Inc.
GIE TARGANINE ET AUTRE COOPERATIVES
Inspired Beauty Brands
John Masters Organics Inc.
L'OCCITANE Group-Melvita
Morgan Cosmetics, LLC
Olvea Group
Organica Group Ltd.
Purus International
Sivan SM
Zineglob Ltd.
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Categories Business , Food , Industry
Last Updated May 2, 2024