Global Argan Oil Market 20182022 [Report Updated: 08012018] Prices from USD $3500
About Argan Oil
Argan oil is extracted from the kernel of argan fruit. Argan trees are widespread in Morocco. The increasing demand for nontimber products has essentially driven the need to preserve local conservatives. Argan trees are among those trees that have gained significant traction. The growing inclination of consumers toward biobased and botanical ingredients in various products ranging from food: cosmetics, and pharmaceuticals is driving the demand for argan oil. The increasing use of argan oil in cosmetics is because of its rich properties that help in nourishing hair and skin. It is used in culinary applications because of its omega fatty acid content that helps in regulating cholesterol. Argan oil used as a food ingredient helps in fighting vitamin deficiency, low metabolism, and heart problems. Increasing use of argan oil in pharmaceutical products has prompted its global demand. These applications have led the manufacturers to develop new formulations using argan oil. In 2017, cosmetics was leading application segment. Growing awareness about the properties of argan oil is creating demand from the cosmetics segment.
Technavio's analysts forecast the global argan oil market to grow at a CAGR of 20.03% during the period 20182022.
Covered in this report
The report covers the present scenario and the growth prospects of the global argan oil market for 20182022. To calculate the market size, the report considers the revenue generated from the sales of argan oil.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Argan Oil Market 20182022, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ARGANisme
Bios Agadir
Biopur
Nadifi Argan
ZineGlob SARL
Other prominent vendors
ARGATLAS
Kanta Enterprises
Mountain Dust
OLVEA
Market driver
Consumer preference toward natural products
For a full, detailed list, view our report
Market trend
Consumer preference toward natural products
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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Original Article: Global Argan Oil Market 20182022 [Report Updated: 08012018] Prices from USD $3500
