Argan oil is plant oil extracted from the seeds of the argan tree. Argan oil is categorized as two types, such as culinary argan oil and cosmetic argan oil. Depending upon the filtration, the color of argan oil may vary from medium yellow to pale yellow. Argan oil holds antioxidant properties and vitamin E, omega-6 & omega-3 fatty acids, and triterpenoids due to which, it is used to maintain healthy skin and hair. Argan oil reduces inflammation, acne, treats and prevents stretch marks, and moisturizes the skin. Researches are being conducted to understand all the medicinal properties of argan oil. It has a wide application in food industries, mainly in baked products, and dairy & frozen desserts. There are noticeable applications of argan oil in pharmaceuticals & nutraceuticals, and personal care products as well.
Argan Oil Market: Key Players
The research study includes profiles of leading companies operating in the global argan oil market. Key players profiled in the report include: OLVEA Morocco, ARGANisme Cosmetics S.A.R.L, Zineglo, Saadia Organics, Essence of Argan, Biopur, Argan Diva, Josie Maran Cosmetics, Argan Liquid Gold, and Nadifi Argan.
Drivers for the Global Argan Oil Market:
Increasing interest for characteristic based fixings, particularly in restorative and hair mind items is the primary driving factor for the growth of argan oil market. Additionally, increasing applications of argan oil is foreseen to fuel argan oil market. Further, health consciousness coupled with a fat-free lifestyle accelerates the demand for healthy vegetable oil including argan oil.
Opportunities for the Global Argan Oil Market:
Developing interest for improved supplements and vitamins among customers in items going from sustenance and refreshments to individual care items is expected to create lucrative opportunities for argan oil in near future. Technological advancements are also contributing meaningfully to the augmentation of both chemical and microbiological qualities, thus positively influencing the overall product demand.
Restrains for the Global Argan Oil Market:
High costs of argan oil when contrasted with other accessible oils are majorly hampering the growth of argan oil market.
Region Wise, Global Argan Oil Market Analysis:
Asia Pacific region held highest market share in argan oil market due to increase in cosmetic industry as well as pharmaceutical industry. Additional factors include: growing population, increasing economy and enhancement in restorative and sustenance industry. This is followed by North America and Middle East regions.
Global Argan Oil Market: Product analysis
Global Argan Oil Market: Application analysis
- Pharmaceuticals & Nutraceuticals
- Cosmetics & Personal care
Global Argan Oil Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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