Argan Oil Market To Reach USD 499.90 Million By 2027
Market Summary
Increasing customer beauty awareness is fueling global demand development for argan oil. Argan oil is used for adding flavor in many baked foods, frozen sweets, and sweet & savory snacks, and in the current trend, customers are more inclined towards flavored food goods, which propels the growth of the argan oil industry. Market Size – USD 220.87 Million in 2019, Market Growth CAGR of 10.7%, Market Trends – High demand from developing nations. The global Argan Oil Market is forecast to reach USD 499.90 Million by 2027, according to a new report by Reports and Data. Argan oil is gaining prominence on the global market, as it includes lupeol, omega-3, and omega-6 fatty acids, antioxidant tocopherols, beta amyrin, butyrospermol, and triterpenoids, which play an essential role in enhancing skin and hair efficiency. It has enabled businesses, including aromatherapy, medicine, and makeup producers to incorporate argan oil into their final goods
Market Summary Our Approach Foremost industry leaders concentrate on enhancing product consistency in their personal care and beauty items to support good hair and skin. Such policies are projected to boost consumer demand in the cosmetics application market. In turn, market consumption is also seeing a boom owing to a change in customer preference to sustainable goods. Argan oil industry players are interested in R&D activities to develop the extraction system because this is a crucial phase in the development cycle. Scientists recently acquired argan oil utilizing supercritical fluid extraction, and no improvements in the product's consistency and physicochemical parameters have been established. The system is, therefore, already in its infancy and is yet to play a significant role in raising the manufacturing over the forecasted timeframe.
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Market Summary Our Approach Key participants include Zidrop Argan Oil, Purus International, Organica Group Limited, Argane Aouzac, Kamakhya Bottlers, ARGANisme, Malakbio, ARGANBULK, Zineglob, and Arganfarm, among others. For the purpose of this report, Reports and Data have segmented into the global Argan Oil Market on the basis of type, form, application, and region: Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027) • Conventional • Organic Form Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Million; 2017-2027) • Absolute • Concentrate • Blend
Market Summary Our Approach Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027) • Personal Care & Cosmetics • Medical • Aromatherapy • Food Processing • Cleaning and Home • Others Regional Outlook (Revenue, USD Million; 2019-2026, and Volume Metric Tons-2026) • North America • Europe • Asia Pacific • Middle East & Africa • Latin America Order Now: https://www.reportsanddata.com/checkout-form/3487
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