Press release
Global Argan Oil Market Research Report 2017: Industry Expected to Reach Roughly US$ 6000 Mn by 2022
Fact.MR
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The global argan oil market is estimated to exhibit a moderate CAGR during the forecast period 2017 to 2022, according to a newly published report by Fact.MR. Revenues from global sales of argan oil are projected to surpass US$ 6,000 Mn by 2022-end.
This section offers a detailed view of the global argan oil market, comprising the market introduction, along with the standard definition of product – argan oil. Market value as well as year-over-year expansion is offered to readers in this section. Y-o-Y growth enables readers to view broader aspects of growth patterns during the forecast period.
This section also details the drivers, restraints, opportunities and key trends influencing the market growth based on perspectives of macroeconomic, demand, and supply sides. Impact analysis of the weighted average model-based expansion drivers is included in the report for provision of better decision-making insights to clients.
To offer readers with latest information about advancements in the global argan oil market, updates about opportunities benefitting leading argan oil manufacturers are offered in the report. Continuous evolution of the food & beverage sector necessitates keeping record of upcoming and recent developments and trends which are fundamental for manufacturers of argan oil to formulate and adopt key business strategies. The detailed analysis pertaining to list of distributors, pricing analysis, raw material sourcing, cost structures, and supply chain are offered in this section.
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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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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Food & Beverages Marketresearch reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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