Escalating Demand for Argan Oil Market Influences Market Growth during 2017-2022

Prominent applicability of Argan oil across the beauty circle is likely to receive an equally strong parallel support by the growing awareness about cardiac activity boosting properties of Argan oil. The latter factor is identified to serve critical in elevating Argan oil usage in food and beverages industry in the near future, translating into an estimated revenue of over US$ 1.5 Bn by the end of 2022 – alone from F&B sector.

Vitamin deficiency and low metabolism are also among the top concerns among consumers that are proven to be addressed effectively by Argan oil consumption, pushing the demand for Argan oil further. The global Argan oil market revenue is expected to approach the valuation of around US$ 6 Bn by 2022 end. As concluded by a recently presented research study on Argan oil market by Fact.MR, the market will perform at a moderate pace over the next five years, i.e. 2017-2022.

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This report provides in-depth view of the global Argan oil market, covering

Standard product definition Argan oil market introduction
Argan oil market sizing and forecast with Y-o-Y growth analysis
Macroeconomic factors, and demand-supply side drivers influencing
Argan oil market performance Detailed examination of prominent drivers, restraints, and recent market trends
Opportunity assessment Raw material sourcing, pricing, cost structure, and supply chain analysis
Local Argan Oil Producing Companies Gaining a Boost through Authoritative Financing

Financial support to Argan oil producing cooperatives has enabled several of them to implement the use of state-of-the-art machinery for various production steps – translating into improved product quality and quantity. In recent years, GIZ has sponsored equipment such as oil filters and pressed, roasting machines, and filling devices, in addition to providing financial aid for women’s professional training covering both business and technical aspects of a typical Argan oil production cooperative. Local companies are thus increasingly proposing and executing sophisticated marketing strategies to consistently push Argan oil sales, which offers an optimistic outlook to the Argan oil market scenario.

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Growing Applicability in Anti-aging Product Formulations Offering a New Set of Opportunities for Argan Oil Producers

High restorative qualities of Argan oil have been considered to be the primary factor pushing interests of cosmetic and anti-aging product manufacturers in Argan oil over the past decade. While Argan oil helps restore the elasticity, moisture, and nutrient content of facial as well as overall skin, it is most likely that the next few years will continue to witness surging traction for Argan oil in anti-aging products.

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The global revenue of Argan oil market is foreseen to reach a value in excess of US$ 6 Bn by 2022 end, as depicted in the newly released Argan oil market report. The report expects global Argan oil market to experience moderately paced expansion over the next five years, according to the assessment performed for the forecast period 2017-2022. The report is an exhaustive examination of the global Argan oil market during the said tenure and offers all-inclusive actionable insights on all the facets of Argan oil market at a global level.

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This release was published on openPR.