Global Argan Oil Market to Reach USD 0.54 Billion by 2028, by SkyQuest

According to the latest research by SkyQuest Technology, the global Argan Oil market was valued at USD 0.31 Billion in 2021, and it is expected to reach USD 0.54 Billion by 2028, with a CAGR of 10.7% during the forecast period of 2022-2028. Manual or mechanical methods can be used to extract argan oil from the kernels of argan tree fruits. Moroccan argan trees are accessible. They may flourish and endure in the Mediterranean's semi-desert regions. The argan tree produces a nut with a distinctive oil because of its deep roots and small leaves, which withstand desert winds and water loss. Because of the nutritional, botanical, and ecological benefits of argan oil, it is widely used. Due to its numerous benefits for skin care and hair care products as well as its high quality antioxidants and anti-inflammatory qualities, argan oil is widely utilised in the cosmetic and personal care business.

Due to the rising use of bio-based cosmetics, personal care products, and aromatherapy, North America is another significant argan oil user. The expansion is explained by rising product demand from a variety of end-use industries, including the food, cosmetics, and medical sectors. Opportunities for new competitors to enter the market are likely to be greatly aided by the product's rising popularity and the favourable regulatory rules in nations like the U.K. and the U.S. Additionally, Europe has recently played a significant role in biopharmaceutical research. For instance, over the past ten years, pharmaceutical businesses in the area have produced biobased medications with effectiveness for a number of conditions, including diabetes, cancer, high blood pressure, and cardiovascular diseases. All potentially dangerous compounds are completely absent from organic products. Over the past several years, demand for organic personal care products has surged as a result of growing consumer awareness of the many benefits these products have over their synthetic equivalents. Consumers are becoming more conscious of how they look, placing a premium on having youthful-looking, healthy skin. This trend is anticipated to increase consumer demand for natural cosmetics and personal care items, which will benefit the argan oil market.

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Read market research report, "Global Argan Oil Market By Type (Organic, Conventional), Form (Absolute, Concentrate, Blends), Grade (Culinary Grade, Cosmetic Grade), and Region -Forecast and Analysis 2022-2028" by SkyQuest
The prominent market players are constantly adopting various innovative ideas and growth strategies to capture more market share. The key market players are Olvea Group (France), ARGANisme Cosmetics S.A.R.L (Morocco), Biopur Sarl (Morocco), Zineglob ltd (Morocco), Purus International (Morocco), Malak Bio (Morocco), L'OCCITANE Group Melvita (France), Nadifi Argan oil (Morocco), Argan Gold Liquid (UK), Frontier Natural Products Co-op ltd (US), John Masters Organics Inc (US), Vima Seuss (Morocco), Conai Corporation (US), Zit Siddi Yassine Sarl (Morocco).
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Argan Oil Market Revenue. The projections highlighted in the report have been determined utilizing demonstrated research approaches and suppositions.

Report Findings
• Drivers- The global argan oil market is being driven by rising consumer awareness of beauty issues and cosmetic companies' use of argan oil in numerous products. All potentially dangerous compounds are completely absent from organic products. Over the past several years, demand for organic personal care products has surged as a result of growing consumer awareness of the many benefits these products have over their synthetic equivalents.
• Restraint- The product's high cost will slow the rate of market expansion. The high costs associated with research and development in emerging countries also hinder the market's overall growth for argan oil. Throughout the forecast period, the argan oil market will also face additional challenges from rigorous governmental regulations and the usage of conventional methods for extraction.

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What does this Report Deliver?
• Market Estimation for 20+ Countries
• Argan Oil Market demand by Region, Sub-Region, and Country
• Customization on Segments, Regions, and Company Profiles
• 100+ tables, 150+ Figures
• Global, Regional and Country specific Argan Oil Market Trends
• Comprehensive Mapping of Argan Oil Industry Parameters
• Attractive Investment Proposition in the Global Argan Oil Industry
• Competitive Strategies Adopted by Argan Oil Market Key Players
• Drivers, Restraints, Opportunities, Challenges and the impact on the Argan Oil Market Size
• Market growth rate till 2028
• Regulatory scenario, regional dynamics, and Argan Oil market insights of leading countries in each region
• In-depth Market insights by Region and Country
• Market Segmentation Trend Analysis, Opportunities and Growth
• Porter's five force analysis to know the market's condition
• Pricing Analysis and Argan Oil Market Sales
• Parent market analysis
• Product portfolio benchmarking
SkyQuest has segmented the Global Argan Oil Market based on Type, Form, Grade and Region:
• Global Argan Oil Market by Type (Revenue, USD Billion, 2021 - 2028)
o Conventional
o Organic
• Global Argan Oil Market by Form (Revenue, USD Billion, 2021 - 2028)
o Absolute
o Concentrate
o Blends
• Global Argan Oil Market by Grade (Revenue, USD Billion, 2021 - 2028)
o Culinary Grade
o Cosmetic Grade
• Global Argan Oil Market by Region (Revenue, USD Billion, 2021 - 2028)
• North America
▪ U.S.
▪ Canada
• Europe
▪ Germany
▪ France
▪ UK
▪ Italy
▪ Spain
▪ Rest of Europe
• Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
• Central & South America
▪ Brazil
▪ Rest of CSA
• Middle East & Africa
▪ GCC Countries
▪ South Africa
▪ Rest of MEA
Key Players in the Global Argan Oil Market
• Olvea Group (France)
• ARGANisme Cosmetics S.A.R.L (Morocco)
• Biopur Sarl (Morocco)
• Zineglob ltd (Morocco)
• Purus International (Morocco)
• Malak Bio (Morocco)
• L'OCCITANE Group Melvita (France)
• Nadifi Argan oil (Morocco)
• Argan Gold Liquid (UK)
• Frontier Natural Products Co-op ltd (US)
• John Masters Organics Inc (US)
• Vima Seuss (Morocco)
• Conai Corporation (US)
• Zit Siddi Yassine Sarl (Morocco)
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This release was published on openPR.