Argan Oil Market
Global Argan Oil Market Size, Share & Trends Analysis Report by Source (Conventional and Organic), By Application (Food, Medical, Personal Care & Cosmetics, and Others (Cleaning)), By Distribution Channel (B2B and B2C (Offline Channels and Online Channels) Forecast, 2021-2027 Update Available - Forecast 2024-2030
Argan oil is produced from kernel fruit of the Argan tree that is endemic in Morocco. The oil is used in traditional cuisine and also in traditional medicine to treat some skin and joint pain issues. The global argan oil market is projected to grow at a CAGR of 6.9% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the use of argan oil across various applications such as food, medical, personal care & cosmetics, and others owing to various benefits offered by the argan oil. Some of the key benefits argan oil possesses majorly include cardioprotective properties. In major age-related diseases such as cardiovascular diseases, ocular diseases, and neurodegenerative diseases particularly Alzheimer’s disease, a rupture of the RedOx equilibrium is observed. For the treatment of which, argan oil is used. Argan oil also possesses properties such as antiproliferative and antidiabetic, due to which is widely used as a medicinal ingredient.
Besides, the growing trend of the consumption and use of natural and organic products in food and personal care & cosmetic products is also likely to provide growth opportunities to the market growth during the forecast period. There is a variety of argan oil available in the market ranging from conventional argan oil, cold pressed edible oil, cold pressed cosmetic oil, and industrial cosmetic oil. Hence, the availability of a wide range of products is likely to provide growth opportunities to the global argan oil market during the forecast period.
Segmental Outlook
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. Whereas, based on the distribution channel, the market is segmented as B2B and B2C. The B2C segment further includes offline channels and online channels.
Cosmetics Segment to Hold a Substantial Share in the Global Argan Oil Market
Amongst the application segment of the global argan oil, the cosmetics segment is projected to hold the most lucrative share in the market. The segmental growth of the market is accredited to the constantly rising demand for premium beauty products across the globe. The major shift of the consumers towards the use of natural ingredients-based beauty products over artificial ingredient-based products is likely to drive the segmental growth of the market during the forecast period. Thus, this shift has enhanced the penetration of argan oil and its emergence in cosmetics and skin care products which have shaped market expansion. Hence, these are the key factors that propel the growth of the market over the forecast period.
Global Argan Oil Market, by Application 2020 (%)
Regional Outlook
The global argan oil market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Rest of the World region is projected to hold a significant market share. Latin America and the Middle East and Africa are the major economies primarily contributing to the growth of the Argan Oil market in the region. The regional growth of the market is accredited to the presence of major market players in the market. Countries such as Morocco, Israel, and others produce a large amount of argan oil and imports it to a majority of nearby countries. Hence, this is one of the key factors that drive the regional growth of the market during the forecast period. Further, the North American region is also estimated to witness a significant value for the market, attributing to the presence of various market players as well as a large consumer base across the region.
Global Argan Oil Market, by Region 2020 (%)
Market Players Outlook
The prominent players functioning in the global argan oil market include 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. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others in order to thrive in a competitive environment.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global argan oil market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Argan Oil Market by Source
5.1.1. Conventional
5.1.2. Organic
5.2. Global Argan Oil Market by Application
5.2.1. Food
5.2.2. Medical
5.2.3. Personal Care & Cosmetics
5.2.4. Others (Cleaning)
5.3. Global Argan Oil Market by Distribution Channel
5.3.1. B2B
5.3.2. B2C
5.3.2.1. Offline Channels
5.3.2.2. Online Channels
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Agadir International
7.2. Argan Liquid Gold
7.3. ARGANisme Cosmetics S.A.R.L
7.4. Beauty Quest Group
7.5. Biopur Sarl
7.6. Conair Corp.
7.7. Earthly Body
7.8. Frontier Natural Products Co-op Inc.
7.9. GIE TARGANINE ET AUTRE COOPERATIVES
7.10. Inspired Beauty Brands
7.11. John Masters Organics Inc.
7.12. L'OCCITANE Group-Melvita
7.13. Morgan Cosmetics, LLC
7.14. Olvea Group
7.15. Organica Group Ltd.
7.16. Purus International
7.17. Sivan SM
7.18. Zineglob Ltd.
1. GLOBAL ARGAN OIL MARKET RESEARCH AND ANALYSIS BY SOURCE, 2020-2027 ($ MILLION)
2. GLOBAL CONVENTIONAL ARGAN OIL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL ORGANIC ARGAN OIL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL ARGAN OIL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
5. GLOBAL ARGAN OIL FOR FOOD MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL ARGAN OIL FOR MEDICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL ARGAN OIL FOR PERSONAL CARE & COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL ARGAN OIL FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL ARGAN OIL MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2020-2027 ($ MILLION)
10. GLOBAL B2B MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL B2C MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL OFFLINE CHANNELS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL ONLINE CHANNELS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL ARGAN OIL MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN ARGAN OIL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
16. NORTH AMERICAN ARGAN OIL MARKET RESEARCH AND ANALYSIS BY SOURCE, 2020-2027 ($ MILLION)
17. NORTH AMERICAN ARGAN OIL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
18. NORTH AMERICAN ARGAN OIL MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2020-2027 ($ MILLION)
19. EUROPEAN ARGAN OIL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
20. EUROPEAN ARGAN OIL MARKET RESEARCH AND ANALYSIS BY SOURCE, 2020-2027 ($ MILLION)
21. EUROPEAN ARGAN OIL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
22. EUROPEAN ARGAN OIL MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC ARGAN OIL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC ARGAN OIL MARKET RESEARCH AND ANALYSIS BY SOURCE, 2020-2027 ($ MILLION)
25. ASIA-PACIFIC ARGAN OIL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
26. ASIA-PACIFIC ARGAN OIL MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2020-2027 ($ MILLION)
27. REST OF THE WORLD ARGAN OIL MARKET RESEARCH AND ANALYSIS BY SOURCE, 2020-2027 ($ MILLION)
28. REST OF THE WORLD ARGAN OIL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
29. REST OF THE WORLD ARGAN OIL MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2020-2027 ($ MILLION)
1. GLOBAL ARGAN OIL MARKET SHARE BY SOURCE, 2020 VS 2027 (%)
2. GLOBAL ARGAN OIL MARKET SHARE BY APPLICATION, 2020 VS 2027(%)
3. GLOBAL ARGAN OIL MARKET SHARE BY DISTRIBUTION CHANNEL, 2020 VS 2027(%)
4. GLOBAL ARGAN OIL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027(%)
5. US ARGAN OIL MARKET SIZE, 2020-2027 ($ MILLION)
6. CANADA ARGAN OIL MARKET SIZE, 2020-2027 ($ MILLION)
7. UK ARGAN OIL MARKET SIZE, 2020-2027 ($ MILLION)
8. FRANCE ARGAN OIL MARKET SIZE, 2020-2027 ($ MILLION)
9. GERMANY ARGAN OIL MARKET SIZE, 2020-2027 ($ MILLION)
10. ITALY ARGAN OIL MARKET SIZE, 2020-2027 ($ MILLION)
11. SPAIN ARGAN OIL MARKET SIZE, 2020-2027 ($ MILLION)
12. ROE ARGAN OIL MARKET SIZE, 2020-2027 ($ MILLION)
13. INDIA ARGAN OIL MARKET SIZE, 2020-2027 ($ MILLION)
14. CHINA ARGAN OIL MARKET SIZE, 2020-2027 ($ MILLION)
15. JAPAN ARGAN OIL MARKET SIZE, 2020-2027 ($ MILLION)
16. ASEAN ARGAN OIL MARKET SIZE, 2020-2027 ($ MILLION)
17. SOUTH KOREA ARGAN OIL MARKET SIZE, 2020-2027 ($ MILLION)
18. REST OF ASIA-PACIFIC ARGAN OIL MARKET SIZE, 2020-2027 ($ MILLION)
19. REST OF THE WORLD ARGAN OIL MARKET SIZE, 2020-2027 ($ MILLION)
