Argan Oil Market size was valued at US$ 342.71 Mn in 2022 and the total Argan Oil revenue is expected to grow at 9.8% from 2023 to 2029, reaching nearly US$ 659.40 Mn.

Argan Oil Market Overview:

The global Argan Oil market has experienced notable growth and evolution in recent years, driven by factors such as increasing consumer demand for diverse and flavorful cuisines, as well as the growing awareness of the health benefits associated with Argan Oil consumption. Argan Oil, derived from the dried berries of the Piper nigrum plant, has long been a staple in kitchens worldwide, appreciated for its distinctive pungent flavor and aromatic qualities. The market's dynamism is also attributed to the spice's versatile applications, ranging from culinary uses to its incorporation in traditional medicine practices. As a result, the Argan Oil market has witnessed a surge in both production and consumption, with key players in the industry constantly innovating to meet the evolving preferences of consumers. Additionally, the global trade of Argan Oil has been on the rise, facilitated by the ease of transportation and the spice's integration into various international cuisines, contributing to the spice's enduring popularity on a global scale.

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Argan Oil Market Scope:

The Argan Oil market exhibits a broad scope and promising potential, propelled by diverse factors influencing its dynamics. The demand for Argan Oil continues to surge due to its integral role in enhancing the flavor profile of a wide array of dishes across various cuisines globally. Furthermore, the increasing awareness among consumers regarding the health benefits associated with Argan Oil, such as its antioxidant and anti-inflammatory properties, contributes to its expanding market scope. The versatility of Argan Oil in both culinary and medicinal applications positions it as a sought-after commodity in the food and healthcare industries. Moreover, the market scope is accentuated by the evolving trends in the food sector, where consumers are increasingly seeking natural and authentic flavors, thereby driving the demand for high-quality Argan Oil. As the spice continues to transcend geographical boundaries, the Argan Oil market's scope is set to grow, presenting opportunities for market players to explore innovative products and cater to the ever-changing preferences of consumers.

Argan Oil Market Segmentation:

At the end of the projected period, the Argan Oil Market is anticipated to be dominated by the Type Segment, specifically the Natural Argan Oil segment.Skin elasticity significantly improved in postmenopausal women who applied topical natural argan oil after 60 days. The fact that half of the participants took argan oil orally enhanced this effect even more. Despite being intriguing, the results are limited because there was no placebo control group.

By the end of the projected period, the organic segment should have a sizable increase in market share. One of the purest forms of oil, organic argan oil is frequently utilized in aromatherapy. Organic farmers that harvest argan oil use bio-based fertilizers like bone meal.

At the end of the projected period, Absolute Argan Oil Form is anticipated to lead the global Argan oil market by Form Segment. The concentrated form of argan oil that is obtained from plant kernels through solvent extraction techniques is known as the absolute form. This variety is made by first grinding the kernels, letting them hang in solvents, and finally vaporizing the solvents to extract the oil. Among many other uses, the absolute form is employed in aromatherapy, fragrance, and cosmetics.

The blended version has vegetables, essential oils, and argan oil. Blended forms are frequently used in cleaning, household product compositions, and cooking recipes. Locally produced goods are highly preferred by Moroccan consumers. It is anticipated that rising consumer demand for blends in this market will fuel the segment's expansion.

At the end of the projected period, aromatherapy massage is expected to lead the argan oil market by Applications segment. This massage with aromatherapy is well known for its many benefits. It promotes balance, harmony, and physical and mental calm. It also fortifies the immune system, supporting a variety of biological processes and thwarting infections. Additionally, argan oil is sold commercially in cosmetic and culinary goods. When it comes to production techniques, culinary oil is a food-grade product that differs from cosmetic grade. The kernels are toasted to give them a nutty flavor and aroma before being used to make culinary oil.

 

Argan Oil Market Size and Forecast, by Type (2022-2029)
1. Natural
2. Organic
Argan Oil Market Size and Forecast, by Form (2022-2029)
1. Absolute
2. Concentrates
3. Blends
4. Others
Argan Oil Market Size and Forecast, by Application (2022-2029)
3. Therapeutics
3. Aromatherapy
3. Food & Beverages
4. Cosmetics& Personal Care
5. Medical
6. Cleaning and Home
7. Others
Argan Oil Market Size and Forecast, by distribution channel (2022-2029)
1. B2B
2. B2C
Argan Oil Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America

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Argan Oil Market Key Players: The key players are

1. OLVEA Morocco
2. ARGANisme Cosmetics S.A.R.L
3. Zineglo
4. Saadia Organics
5. Essence Of Argan
6. Biopur
7. Argan Diva
8. Josie Maran Cosmetics
9. Argan Liquid Gold
10.NadifiArgan
11.SidiYassine
12.Marogonia
13.VimaSouss, Malak Bio
14.Amorre
15.BioAdorates
16.Zineglob
17.Mabioma

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Argan Oil Market Regional Analysis:

The Argan Oil market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Argan Oil market share and will continue to be a major shareholder in the global Argan Oil market.

COVID-19 Impact Analysis on Argan Oil Market: The COVID-19 impact on the Argan Oil market is also included in the report

Key Questions Answered in the Argan Oil Market Report are:

  • What will be the CAGR of the Argan Oil market during the forecast period?
  • Which segment emerged as the leading segment in the Argan Oil market?
  • Which are the prominent players in the Argan Oil market?

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