The consumer preference for natural products is driving the global argan oil market. Changing preference for natural product is because of the high incidence of health problems due to consumption of synthetic food. Moreover, the harmful effects of harsh chemicals in cosmetics leading to dry skin, hair loss, and increasing skin disorders also encourages consumers to adopt natural products. This increases the demand for argan oil as well since it’s the natural-based product, used in the cosmetic and food industry, in turn, driving the global market.
Also, the high penetration and merchandising of argan oil globally create awareness among the health-conscious consumers about the positive impact of the product. The consumer preference towards natural products coupled with the global penetration and merchandising is driving the argan oil market growth at a CAGR of more than 20% during the forecast period.
Top argan oil companies covered in this market research report
The global argan oil market is highly concentrated. The market is in the initial stage of the growth phase and the competition is expected to become less intense by the end of the forecast period. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this argan oil industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a detailed analysis of several leading argan oil companies including:
Argan oil market segmentation based on application
Based on application, the cosmetics industry held the largest share of the global argan oil market in 2017. The market share of this segment will increase, and it will continue to dominate the market throughout the next five years.
Argan oil market segmentation based on region
EMEA accounted for the largest argan oil market share in 2017. This region will witness a decrease in its market share but will remain the market leader for the next five years.
Key highlights of the global argan oil market for the forecast years 2018-2022:
CAGR of the market during the forecast period 2018-2022
Detailed information on factors that will accelerate the growth of the argan oil market during the next five years
Precise estimation of the global argan oil market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the argan oil industry across the Americas, APAC, and EMEA
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details on factors that will challenge the growth of argan oil companies
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