Scope in Global Argan Oil Market: Trends, Price, Revenue, Share, Growth and Forecast Until 2022

The global market discussion on argan oil industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Argan Oil Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on argan oil market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.

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According to a new report by Fact.MR, the global argan oil market is projected to register a moderate CAGR during the forecast period (2017-2022). Revenues from the global market for argan oil are estimated to exceed US$ 6,000 Mn by 2022-end.

Manufacturers in the global argan oil market are focusing on improvements in production capacity and extraction of argan oil. Global leaders in the argan oil market are concentrating on adoption of strategies such as mass merchandizing, and global penetration, along with online availability of products, for increasing their product portfolio as well as market presence. A rise in awareness among consumer has been witnessed regarding argan oil benefits from its natural-based ingredients. In addition, demand for enhanced vitamins & nutrients in food and beverage products is expected to witness an upsurge. These factors are expected to drive demand for argan oil across the globe.

Cosmetic manufacturers are using argan oil for the provision of moisturizing as well as anti-aging effects in their beauty products. The argan oil plays a significant role in boosting energy of individuals affected with heart problems, vitamin deficiency, and low metabolism. Consumer preferences are increasingly shifting towards presence of herbal ingredients in medical, cosmetic, and food products. These factors will further boost growth of the global argan oil market during the forecast period.

Absolute Argan Oil to Remain Preferred in the Market

Absolute form of argan oil will continue to be preferred in the market. Revenues from absolute argan oil are expected to hold over one-third share of the market throughout the forecast period. Argan oil blends are expected to be the second largest adopted form of argan oil in the market. Sales of absolute argan oil and argan oil blends are estimated to register a parallel expansion, exhibiting similar CAGRs through 2022.

Food & beverages are expected to remain the largest application of argan oil, with sales estimated to account for nearly US$ 1,600 Mn revenues by 2022-end. Aromatherapy will continue to be the second most lucrative application of argan oil. Sales of argan oil for application in fragrances are expected to exhibit a sluggish growth through 2022.

Sales of argan oil through online distribution channel are expected to register the highest CAGR during 2017 to 2022. In contrast, argan oil sales through specialty stores are estimated to exhibit the lowest CAGR through 2022. However, specialty stores will remain the second largest distribution channel for argan oil, in terms of revenues. Modern trade will continue to be the dominant distribution channel for argan oil in the global market.

Competition Tracking

The report has projected that companies such as Plant Therapy Essential Oils, Green Fields Oil Factory, Lionel Hitchen Essential Oils, Aromaaz International, IL Health & Beauty Natural Oils Co. Inc., Greenleaf Extractions Pvt Ltd., Biolandes, The Lebermuth Company, doTerra, Synthite Industries Ltd., Bio Extracts (Pvt) Ltd., Aksuvital, Shaanxi Guanjie Technology Co., Natures Natural India, and Young Living Essential Oils LC will remain active in expansion of global argan oil market through 2022.

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Table of Content:

1. Global Argan Oil Market – Executive Summary

2. Global Argan Oil Market Overview
2.1. Introduction
2.1.1. Global Argan Oil Market Taxonomy
2.1.2. Global Argan Oil Market Definition
2.2. Global Argan Oil Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Argan Oil Market Y-o-Y Growth
2.3. Global Argan Oil Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region

3. Global Argan Oil Market Analysis and Forecast By Source Type
3.1. Global Argan Oil Market Size and Forecast By Source Type, 2012-2022
3.1.1. Natural Argan Oil Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Organic Argan Oil Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region

Continued….

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