Overview:
Argan oil is produced from argan tree having origins from Morocco. Although, argan oil finds profound applications in cosmetics, medical and food, it is used extensively in cosmetic products such as hair care, skin care and make-up products. Commercialization of argan oil across the globe is growing rapidly, attributed to its benefits in cosmetic products and as dietetic ingredient. Undergoing extensive research and development of argan oil is anticipated to increase its application in medical segment. Furthermore, argan oil has properties such as presence of fatty acids namely omega-3 and omega-6, triterpenoids, lupeol and other vitamins and nutrients offer opportunity to the oil to be used in different products. Owing to demand for improved vitamins and nutrients among consumers across the globe, demand for argan oil will stimulate in the near future. Also, improvements in extraction process of argan oil, increased production capacity and increasing awareness among consumers for argan oil ingredient offer sustainable growth to the argan oil market during the forecast period.
Since, argan oil is majorly produced in Morocco, Middle East and Africa dominated the argan oil consumption as compared to other regions. On the other hand, Asia Pacific is potential market for players to invest in. Growing consumer awareness and availability of argan oil products through online and franchise outlets supports the demand for argan oil in the region. Also, availability of products such as styling iron with argan oil coating, hair brushes with argan oil, different make-up products with argan oil have led towards development of better and efficient argan oil formulations, thus resulting in significant argan oil market growth.
The global argan oil market is segmented on the following bases:
Key Players Identified for Argan Oil Market Include but are Not Limited to:
Nadifi Argan, Argan Liquid Gold, Josie Maran Cosmetics, OLVEA, Argan Diva, Biopur, Essence Of Argan, Saadia Organics and Zineglob. There is limited production of argan oil and companies are further strengthening their supply chain to cater to the demand for argan oil across various industries worldwide.
This report offers:
