The global argan oil market to grow at a CAGR of 20.03% during the period 2018-2022.
Global Argan Oil Market 2018-2022, has been prepared based on an in-depth 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.
The growing inclination of consumers toward bio-based and botanical ingredients in various products ranging from food: cosmetics, and pharmaceuticals is driving the demand for argan oil.
The latest trend gaining momentum in the market is global penetration and merchandising. The growth of the global argan oil market is because of worldwide penetration. Though the high production capacity of argan oil is concentrated in Morocco; the consumption of Arm oil is spread globally. Increasing awareness and growing applications of argan oil are creating demand and increasing the global customer base.
The penetration of gm oil in the cosmetics market is high. The use of argan oil in food for seasoning is growing as customers are becoming health-conscious and aware of the cholesterol levels that would impact their health. Distribution channels are also creating awareness about the availability of product variants, thus driving the global mall oil market.
According to the report, one of the major drivers for this market is consumer preference toward natural products. The growing awareness about the benefits of gm, oil has commercialized its use in beauty products. An increasing preference of customers for botanical and herbal ingredients in cosmetics is likely to contribute to the growth of the global argan oil market.
Commercialization of argan in the food and cosmetics sectors is driven by the changing habits of individuals. Increasing occurrences of health problems due to consumption of synthetic food have prompted the demand for natural products, thereby driving the demand for arm oil in the food industry.
Other prominent vendors
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
Market segmentation analysis
PART 06: MARKET SIZING
Market sizing 2017
Market size and forecast 2017-2022
PART 07: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 08: MARKET SEGMENTATION BY APPLICATION
Cosmetics - Market size and forecast 2017-2022
Food - Market size and forecast 2017-2022
Pharmaceutical - Market size and forecast 2017-2022