The global Argan Oil market is anticipated to grow significantly at a CAGR of 6.9% over the forecast period (2021-2027). 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.
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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 – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- 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
Global 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
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
