Argan Oil Market Research Report- Forecast till 2027

Argan Oil Market Size, Share Industry Research Report: Information by Category (Organic and Conventional), by Application (Food (Bakery & Confectionery, Dairy & Frozen Desserts, Sweet & Savory Snacks and Others), Pharmaceuticals & Nutraceuticals, Cosmetics & Personal care and Others) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2027

ID: MRFR/CR/2487-HCR | February 2021 | Region: Global | 110 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce

4.1.4 End Users

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Rivalry

5 Market Dynamics of Global Argan Oil Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

6. Global Argan Oil Market, by Category

6.1 Introduction

6.2 Organic

6.2.1 Market Estimates & Forecast, 2020–2027

6.2.2 Market Estimates & Forecast, by Region, 2020–2027

6.3 Conventional

6.3.1 Market Estimates & Forecast, 2020–2027

6.3.2 Market Estimates & Forecast, by Region, 2020–2027

7. Global Argan Oil Market, by Application

7.1 Introduction

7.2 Food

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.2.3 Bakery & confectionary

7.2.3.1 Market Estimates & Forecast, 2020–2027

7.2.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.2.4 Dairy & Frozen Dessert

7.2.4.1 Market Estimates & Forecast, 2020–2027

7.2.4.2 Market Estimates & Forecast, by Region, 2020–2027

7.2.5 Sweet & Savory Snacks

7.2.5.1 Market Estimates & Forecast, 2020–2027

7.2.5.2 Market Estimates & Forecast, by Region, 2020–2027

7.2.6 Others

7.2.6.1 Market Estimates & Forecast, 2020–2027

7.2.6.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Pharmaceuticals & Nutraceuticals

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.4 Cosmetics & Personal Care

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast, by Region, 2020–2027

7.5 Others

7.5.1 Market Estimates & Forecast, 2020–2027

7.5.2 Market Estimates & Forecast, by Region, 2020–2027

8. Global Argan Oil Market, by Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Category, 2020–2027

8.2.3 Market Estimates & Forecast, by Application, 2020–2027

8.2.4 US

8.2.4.1 Market Estimates & Forecast, 2020–2027

8.2.4.2 Market Estimates & Forecast, by Category, 2020–2027

8.2.4.3 Market Estimates & Forecast, by Application, 2020–2027

8.2.5 Canada

8.2.5.1 Market Estimates & Forecast, 2020–2027

8.2.5.2 Market Estimates & Forecast, by Category, 2020–2027

8.2.5.3 Market Estimates & Forecast, by Application, 2020–2027

8.2.6 Mexico

8.2.6.1 Market Estimates & Forecast, 2020–2027

8.2.6.2 Market Estimates & Forecast, by Category, 2020–2027

8.2.6.3 Market Estimates & Forecast, by Application, 2020–2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Category, 2020–2027

8.3.3 Market Estimates & Forecast, by Application, 2020–2027

8.3.4 Germany

8.3.4.1 Market Estimates & Forecast, 2020–2027

8.3.4.2 Market Estimates & Forecast, by Category, 2020–2027

8.2.4.3 Market Estimates & Forecast, by Application, 2020–2027

8.3.5 France

8.3.5.1 Market Estimates & Forecast, 2020–2027

8.3.5.2 Market Estimates & Forecast, by Category, 2020–2027

8.3.5.3 Market Estimates & Forecast, by Application, 2020–2027

8.3.6 Italy

8.3.6.1 Market Estimates & Forecast, 2020–2027

8.3.6.2 Market Estimates & Forecast, by Category, 2020–2027

8.3.6.3 Market Estimates & Forecast, by Application, 2020–2027

8.3.7 Spain

8.3.7.1 Market Estimates & Forecast, 2020–2027

8.3.7.2 Market Estimates & Forecast, by Category, 2020–2027

8.3.7.3 Market Estimates & Forecast, by Application, 2020–2027

8.3.8 UK

8.3.8.1 Market Estimates & Forecast, 2020–2027

8.3.8.2 Market Estimates & Forecast, by Category, 2020–2027

8.3.8.3 Market Estimates & Forecast, by Application, 2020–2027

8.3.9 Rest of Europe

8.3.9.1 Market Estimates & Forecast, 2020–2027

8.3.9.2 Market Estimates & Forecast, by Category, 2020–2027

8.3.9.3 Market Estimates & Forecast, by Application, 2020–2027

8.4 Asia-Pacific

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, by Category, 2020–2027

8.4.3 Market Estimates & Forecast, by Application, 2020–2027

8.4.4 China

8.4.4.1 Market Estimates & Forecast, 2020–2027

8.4.4.2 Market Estimates & Forecast, by Category, 2020–2027

8.4.4.3 Market Estimates & Forecast, by Application, 2020–2027

8.4.5 India

8.4.5.1 Market Estimates & Forecast, 2020–2027

8.4.5.2 Market Estimates & Forecast, by Category, 2020–2027

8.4.5.3 Market Estimates & Forecast, by Application, 2020–2027

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2020–2027

8.4.6.2 Market Estimates & Forecast, by Category, 2020–2027

8.4.6.3 Market Estimates & Forecast, by Application, 2020–2027

8.4.7 Australia & New Zealand

8.4.7.1 Market Estimates & Forecast, 2020–2027

8.4.7.2 Market Estimates & Forecast, by Category, 2020–2027

8.4.7.3 Market Estimates & Forecast, by Application, 2020–2027

8.4.8 Rest of Asia-Pacific

8.4.8.1 Market Estimates & Forecast, 2020–2027

8.4.8.2 Market Estimates & Forecast, by Category, 2020–2027

8.4.8.3 Market Estimates & Forecast, by Application, 2020–2027

8.5 Rest of the World (RoW)

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, by Category, 2020–2027

8.5.3 Market Estimates & Forecast, by Application, 2020–2027

8.5.4 South America

8.5.4.1 Market Estimates & Forecast, 2020–2027

8.5.4.2 Market Estimates & Forecast, by Category, 2020–2027

8.5.4.3 Market Estimates & Forecast, by Application, 2020–2027

8.5.5 Middle East

8.5.5.1 Market Estimates & Forecast, 2020–2027

8.5.5.2 Market Estimates & Forecast, by Category, 2020–2027

8.5.5.3 Market Estimates & Forecast, by Application, 2020–2027

8.5.6 Africa

8.5.6.1 Market Estimates & Forecast, 2020–2027

8.5.6.2 Market Estimates & Forecast, by Category, 2020–2027

8.5.6.3 Market Estimates & Forecast, by Application, 2020–2027

9. Company Landscape

9.1 Introduction

9.2 Market Strategy

9.3 Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/ Investments)

10. Company Profiles

10.1 Olvea Group

10.1.1 Company Overview

10.1.2 Financial Updates

10.1.3 Product/Business Segment Overview

10.1.4 Strategy

10.1.5 Key Developments

10.1.6 SWOT Analysis

10.2 ARGANisme Cosmetics S.A.R.L

10.2.1 Company Overview

10.2.2 Financial Updates

10.2.3 Product/Business Segment Overview

10.2.4 Strategy

10.2.5 Key Developments

10.2.6 SWOT Analysis

10.3 Biopur Sarl

10.3.1 Company Overview

10.3.2 Financial Updates

10.3.3 Product/Business Segment Overview

10.3.4 Strategy

10.3.5 Key Developments

10.3.6 SWOT Analysis

10.4 Zineglob Ltd.

10.4.1 Company Overview

10.4.2 Financial Updates

10.4.3 Product/Business Segment Overview

10.4.4 Strategy

10.4.5 Key Developments

10.4.6 SWOT Analysis

10.5 Purus International

10.5.1 Company Overview

10.5.2 Financial Updates

10.5.3 Product/Business Segment Overview

10.5.4 Strategy

10.5.5 Key Developments

10.5.6 SWOT Analysis

10.6 Nadifi Argan Oil

10.6.1 Company Overview

10.6.2 Financial Updates

10.6.3 Product/Business Segment Overview

10.6.4 Strategy

10.6.5 Key Developments

10.6.6 SWOT Analysis

10.7 Malak Bio

10.7.1 Company Overview

10.7.2 Financial Updates

10.7.3 Product/Business Segment Overview

10.7.4 Strategy

10.7.5 Key Developments

10.7.6 SWOT Analysis

10.8 Argan Liquid Gold

10.8.1 Company Overview

10.8.2 Financial Updates

10.8.3 Product/Business Segment Overview

10.8.4 Strategy

10.8.5 Key Developments

10.8.6 SWOT Analysis

10.9 L'OCCITANE Group-Melvita

10.9.1 Company Overview

10.9.2 Financial Updates

10.9.3 Product/Business Segment Overview

10.9.4 Strategy

10.9.5 Key Developments

10.9.6 SWOT Analysis

10.10 Frontier Natural Products Co-op Inc.

10.10.1 Company Overview

10.10.2 Financial Updates

10.10.3 Product/Business Segment Overview

10.10.4 Strategy

10.10.5 Key Developments

10.10.6 SWOT Analysis

10.11 John Masters Organics Inc.

10.11.1 Company Overview

10.11.2 Financial Updates

10.11.3 Product/Business Segment Overview

10.11.4 Strategy

10.11.5 Key Developments

10.11.6 SWOT Analysis

10.12 Zit Sidi Yassine Sarl

10.12.1 Company Overview

10.12.2 Financial Updates

10.12.3 Product/Business Segment Overview

10.12.4 Strategy

10.12.5 Key Developments

10.12.6 SWOT Analysis

10.13 Vima Souss

10.13.1 Company Overview

10.13.2 Financial Updates

10.13.3 Product/Business Segment Overview

10.13.4 Strategy

10.13.5 Key Developments

10.13.6 SWOT Analysis

10.14 Conair Corporation

10.14.1 Company Overview

10.14.2 Financial Updates

10.14.3 Product/Business Segment Overview

10.14.4 Strategy

10.14.5 Key Developments

10.14.6 SWOT Analysis

10.15 Les Bios d’Agadir

10.15.1 Company Overview

10.15.2 Financial Updates

10.15.3 Product/Business Segment Overview

10.15.4 Strategy

10.15.5 Key Developments

10.15.6 SWOT Analysis

11. Conclusion

LIST OF TABLES

TABLE 1 Global Argan Oil Market, by Region, 2020–2027 (USD Million)

TABLE 2 Global Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 3 Global Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 4 North America: Argan Oil Market, by Country, 2020–2027 (USD Million)

TABLE 5 North America: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 6 North America: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 7 US: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 8 US: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 9 Canada: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 10 Canada: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 11 Mexico: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 12 Mexico: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 13 Europe: Argan Oil Market, by Country, 2020–2027 (USD Million)

TABLE 14 Europe: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 15 Europe: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 16 Germany: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 17 Germany: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 18 France: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 19 France: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 20 Italy: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 21 Italy: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 22 Spain: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 23 Spain: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 24 UK: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 25 UK: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 26 Rest of Europe: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 27 Rest of Europe: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 28 Asia-Pacific: Argan Oil Market, by Country, 2020–2027 (USD Million)

TABLE 29 Asia-Pacific: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 30 Asia-Pacific: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 31 China: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 32 China: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 33 India: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 34 India: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 35 Japan: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 36 Japan: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 37 Australia & New Zealand: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 38 Australia & New Zealand: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 39 Rest of Asia-Pacific: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 40 Rest of Asia-Pacific: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 41 Rest of the World (RoW): Argan Oil Market, by Country, 2020–2027 (USD Million)

TABLE 42 Rest of the World (RoW): Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 43 Rest of the World (RoW): Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 44 South America: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 45 South America: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 46 Middle East: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 47 Middle East: Argan Oil Market, by Application, 2020–2027 (USD Million)

TABLE 48 Africa: Argan Oil Market, by Category, 2020–2027 (USD Million)

TABLE 49 Africa: Argan Oil Market, by Application, 2020–2027 (USD Million)

LIST OF FIGURES

FIGURE 1 Global Argan Oil Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of Global Argan Oil Market

FIGURE 4 Value Chain of Global Argan Oil Market

FIGURE 5 Share of Global Argan Oil Market in 2019, by Country (%)

FIGURE 6 Global Argan Oil Market, by Region, 2020–2027

FIGURE 7 Global Argan Oil Market Size, by Category, 2019

FIGURE 8 Share of Global Argan Oil Market, by Category, 2020–2027 (%)

FIGURE 9 Global Argan Oil Market Size, by Application, 2019

FIGURE 10 Share of Global Argan Oil Market, by Application, 2020–2027 (%)

Argan Oil Market

Argan Oil Market Size is anticipated to reach USD 427.05 million by 2030, registering a CAGR of 20.38% during 2020-2030

Segmentation

By Category Organic Conventional
By Application Food Pharmaceuticals & Nutraceuticals Cosmetics & Personal Care Others

Key Players

  • Olvea Group of France
  • ARGANisme Cosmetics S.A.R.L of Morocco
  • Biopur Sarl of Morocco
  • Zineglob ltd of Morocco
  • Purus International of Morocco
  • Malak Bio of Morocco
  • L'OCCITANE Group Melvita of France
  • Nadifi Argan oil of Morocco
  • Argan Gold Liquid of United Kingdom
  • Frontier Natural Products Co-op ltd of United States
  • John Masters Organics Inc of United States
  • Vima Seuss of Morocco
  • Conai Corporation of United States and Zit Siddi Yassine Sarl of Morocco.

Drivers

  • Rise of consciousness about beauty
  • High demand in confectionaries frozen desserts sweets and snacks
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Argan Oil Market Overview:


Argan Oil Market is expected to attain a CAGR of 7.1% during the argan oil forecast period of 2019-2024. The argan oil market is also valued at USD 676.51 million by the end of 2024. Argan oil is that type of oil that is being extracted from argan trees which are especially found in dry and semi-arid regions of Morocco. Based on extraction, argan oil is being categorized into two types like culinary argan oil and cosmetic argan oil. After extraction, a filtration process is carried out where the color of argon oil varies from medium yellow to pale yellow. Researchers are carrying out researchers on argan oil to know about its most beneficial properties. It is widely used in food industries, pharmaceuticals, and nutraceuticals units. The oil produced is in concentrated form blended with various variants. It can either be taken in the form of a capsule or is mixed with some other form.


Covid 19 Analysis of Argan Oil Market


COVID 19 has a bad effect on the argan oil industry. Its long-term effects harm the market growth. COVID showed a change in consumer behavior and demand was marked. It hampered the purchasing factor and supply chain.


The government has made the people aware of COVID. He imposed countrywide shutdown and lockdown and also imposed some strict regulations against those violating rules.


Market Dynamics


Drivers- the rise of consciousness about beauty is increasing the demand for argan oil market. Argan oil is in high demand in confectionaries, frozen desserts, sweets, and snacks that help in adding flavor to these items thus enhancing growth. Nowadays, people mostly prefer to consume flavored items as per the present argan oil industry trend thus boosting up the market growth. Argan oil is used in most beauty products and has boosted up the argan oil market growth.


Opportunities- using argan oil in hair and skin makes it healthy as argan oil has many antioxidant properties and is rich in vitamin E, omega-6, omega-3 fatty acids, and triterpenoids thus increasing the opportunities for expansion of argan oil market size.  It helps in reducing inflammation, acne, avoids the appearance of stretch marks, and helps in moisturizing the skin which increases the global market value and argan oil market size.


Challenges- Adulterine the argan oil by local manufacturers becomes the major challenging factor thus hindering the growth of the market. Government certification and standardization of authorities often become a challenging factors. The use of traditional techniques for the extraction of argan oil market is less efficient and less productive which is the most productive factor.


Cumulative growth- the first category of argan oil named culinary oil is used for cooking and gives a sweet flavor to the food when cooked. It is marked that it provides certain health benefits like curing acne, skin irritation, and aging. All these factors add to the cumulative growth of the global market. The argan oil market growth attributes to rising product demand particularly in end-user industries such as food, personal care, and medications. Growth in popularity of argan oil products along with certain policies in those developing countries contributes towards the expansion of global market size.


Restraints- the use of argan oil in certain therapy processes along with the expansion of expenditure capacities of the consumers hinders the argan oil market growth.


Value Chain Analysis


The invention of new products and then exporting the product to dominant markets like Europe and North America has increased in the distribution channel of the manufacturer, trader, and distributor relationships. To make the products available at low prices manufacturers adapt themselves to adopt the business operations of import and export. To increase the product sale and raise the penetration into the argan oil market, a large number of competitors are selling through their retail stores and have engaged in with specialty retailers.


Segment Overview


By Type- globally the argan oil market is classified into category, application, and region. Baes on the category, the global market is split into organic and conventional. Based on application, the argan oil market is categorized into food, pharmaceuticals, nutraceuticals, cosmetics, and other beauty products. The food division part is further segmented into bakery and confectionary, dairy and frozen dessert, sweet and savory foods, and many more. From argan oil market analysis it was noted that the market is famous in developing regions of North America, Europe, Asia Pacific, and other rest regions of the world. The North American market is further split into the United States, Canada, and Mexico. The European market is further classified into the United Kingdom, France, Germany, Italy, Spain, and the rest of the European regions. Asia-Pacific includes the regions of China, India, Australia, Japan, New Zealand, and the rest of the European regions. From the argan oil market outlook, it is marked that such division helps in market growth.


By technology- in old times, it was marked that argan oil was being extracted from kernels but due to advancements of technology, advanced machines are being used which saves time and ensures quality production of argan oil. Due to technology, researchers researched well on argan oil and thus it was attributed to various advanced properties anti-inflammatory and many more. The advancement also led to the discovery of grooming products for men. Some of them include shower gels, hair products, and beard oil. Some of the cargo oil products also include skin creams and waxes.


Regional Analysis


From the argan oil market outlook, it was noted that North America is regarded as the most dominant region covering a large area of argan oil market share. People here are very much inclined towards using beauty products. Using argan oil in aromatherapy is used to improve the body, mind, and own personal spirit. An aromatherapy massage is mostly used by the people of this region. It helps in fighting body infections and maintains the balance of the body. They are prominently available in online shopping shops and other specialist shops. The Middle East and African regions are much more involved in commercial-scale production.


Competitive Landscape


The Argan oil market is specially segmented as there are numerous players present who engage in producing and transporting the argan oil to refineries for further processing. Some of the market players are Olvea Group of France, ARGANisme Cosmetics S.A.R.L of Morocco, Biopur Sarl of Morocco, Zineglob ltd of Morocco, Purus International of Morocco, Malak Bio of Morocco, L'OCCITANE Group Melvita of France, Nadifi Argan oil of Morocco, Argan Gold Liquid of United Kingdom, Frontier Natural Products Co-op ltd of United States, John Masters Organics Inc of United States, Vima Seuss of Morocco, Conai Corporation of United States and Zit Siddi Yassine Sarl of Morocco.


Report Overview


The report provides a comprehensive study about market penetration and provides in-depth information of emerging markets and provides a good analysis about the market development. It summarises the market diversification like launching of the new product, recent developments, and expenses. It provides a detailed analysis of the competitive landscape and the major shares covered by the developing regions. It provides a good assessment of future technologies and the strategies put forward by the key players.



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Frequently Asked Questions (FAQ) :

From 2020 to 2027, the Argan Oil Market can grow at a rate of 7.1%.

The Argan Oil Market is projected to touch USD 676.51 million in the years ahead.

The main factors responsible for the market growth are the rising beauty consciousness among consumers, and rising popularity of flavored food items.

Applications of Argon Oil are pharmaceuticals & nutraceuticals, cosmetics & personal care and food.

Europe is set to take the lead in the global industry.