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Request Now !Argan oil is extracted from the kernels of argan tree fruits, either manually or through a mechanical process. Argan trees are available in Morocco. They can grow and survive in semi-desert areas of the Mediterranean. The deep roots and tiny leaves of the argan tree resist arid winds and water loss, leading to a nut with unique oil. Argan oil is widely used for its nutritional, botanical, and bio-ecological value. Argan oil is widely used in the cosmetic and personal care industry, owing to its various properties such as high quality of antioxidants, anti-inflammatory, and various benefits for skin care and hair care products.
The main factor that increases the market growth is increased use of the oil in cooking, which is expected to drive the demand for argan oil. It is widely used as a common ingredient in couscous and tajine. It is also used as an ingredient for many seasoning types and can be used in meat and fish.
Growth in consumer demand for blends in topical uses and increase in consumption of argan oil blends in the cosmetics sector are expected to drive the growth of the market. The blended form contains blend of argan oil with vegetables and essential oils. Normally, the blended form is used for food recipes, cleaning, and home product formulations.
Rise in use of argan oil in men’s grooming products, such as shower gels, hair & beard oil, skin creams, and waxes, that are infused with argan and other essential oils has also witnessed an increase in consumption.
Extensive uses in the medical sector and the surge in demand for argan-based beauty products are expected to boost the market. Argan oil is used in several medical applications, owing to its anti-inflammatory, antioxidant, anti-proliferative, aphrodisiac, and analgesic properties. The product is used to treat skin wounds, cuts, and abrasions at a faster rate due to its antibacterial property.
Organic is one of the purest forms of argan oil, which is used as an ingredient for aromatherapy. Harvesting organic argan oil is categorized by the use of bio based fertilizers, such as bone meal, green manure, and compost manure, to increase the crop yield. Argan oil is sold as a luxury product, and is gaining increasing interest among international cosmetics companies. However, high curative qualities of argan oil have been considered to be the main factor that drives the interests of cosmetic and anti-aging product manufacturers of argan oil.
However, high cost of products is a major factor that is estimated to hamper the growth of the global market.Â
Based on region, the global argan oil market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific has the largest market share in the global argan oil market. Europe is one of the main consumers of argan oil among all the regions. The Europe market has a largest market share in the personal care and cosmetics industry. Cosmetic products are largely manufactured in Europe by solvent extraction of kernels and are mainly used for the preparation of moisturizers, shampoos, and anti-wrinkle cosmetic products. In addition, Europe has been mainly involved in biopharmaceutical research. Pharmaceutical companies in Europe have manufactured bio-based medicines for several diseases such as cancer, high blood pressure, diabetes, and cardiovascular diseases.Â
North America is also one of the substantial consumers of argan oil, owing to the increased consumption of bio-based personal care, cosmetics, and aromatherapy products. The use of argan oil in aromatherapy improves health of the body, mind, and spirit. Aromatherapy massage helps to coordinate body balance, decreases stress, and supports various body functions to fight infections. Therefore, these benefits of aromatherapy products have become popular in North America. Furthermore, they are widely available in specialist saloons and online shopping centers, thereby increasing the demand for argan oil across the globe.
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Argan Oil Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Report Highlights
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Key Market Players | OLVEA Morocco, ARGANisme Cosmetics S.A.R.L, Zineglo, Saadia Organics, Essence Of Argan, Biopur, Argan Diva, Josie Maran Cosmetics, Argan Liquid Gold, NadifiArgan, SidiYassine, Marogonia, VimaSouss, Malak Bio, Amorre, BioAdorates, Zineglob, Mabioma |
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