Press release
Argan Oil Market Share Revenue and Growth Rate Worth $426.25 Billion By 2030 At CAGR of 20.2%
One of the main factors driving the industry expansion is the rising demand for frozen dessert goods around the world as a result of changing customer preferences and health consciousness. Dry fruits, a combination of tastes, and milk components make up the majority of the ingredients in frozen desserts.
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The industry is expanding due to the rising habit of using frozen desserts as a digestive aid after meals. The demand for the industry is rising as people's awareness of beauty grows. It is quite popular in confections, frozen desserts, candies, and snacks as it gives these products flavor, which promotes growth.
Another reason that could lead to a significant increase in demand for frozen desserts like ice cream and frozen yogurt globally is climate change. Customers think they eat ice cream to lower their body temperature in a hot region, which is what drives the argan oil market's expansion. According to the current trend in the industry, people nowadays like to consume flavored goods, which is helping the industry grow. The majority of cosmetic products contain argan oil, which has accelerated the industry's expansion.
Additionally, consumers' growing desire for better vitamins and supplements in everything from food and beverages to personal care products is anticipated to accelerate the growth of the industry sooner rather than later.
Argan Oil Market Report Highlights
• The blend form segment is anticipated to grow at a lucrative CAGR over the forecast period owing to increasing customer demand for blends used topically and rising argan oil blend usage in the cosmetics industry.
• Aromatherapy accounted for a significant share in 2021. Many benefits of this aromatherapy massage are well known. It supports the body and mental balance, harmony, and tranquility. It also boosts the immune system, supporting a variety of biological processes and thwarting infections.
• Asia-Pacific is expected to grow at a fastest CAGR over the projected period. Due to the existence of powerful indigenous corporations like Sun Pharma, and Lupin, India is one of the most preferred countries for making affordable pharmaceuticals.
• The global market has John Masters Organics Inc., L'OCCITANE Group, Malak Bio Inc., Olvea Group, Purus International, and Zineglob ltd.
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Polaris Market Research has segmented the argan oil market report based on type, form, application, distribution channel, and region:
Argan Oil, Type Outlook (Revenue - USD Billion, 2018 - 2030)
• Conventional
• Organic
Argan Oil, Form Outlook (Revenue - USD Billion, 2018 - 2030)
• Absolute
• Blend
• Concentrate
Argan Oil, Application Outlook (Revenue - USD Billion, 2018 - 2030)
• Personal Care & Cosmetics
• Medical
• Aromatherapy
• Food
• Cleaning and Home
• Others
Argan Oil, Distribution Channel Outlook (Revenue - USD Billion, 2018 - 2030)
• B2B
• B2C
• Supermarket/Hypermarket
• Specialty Retailer
• Online Stores
• Others
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Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.
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Report Summary
The Global Argan Oil Market is expected to grow due to rising awareness for skin care natural products, and increasing disposable income in the countries like India & China.
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