Market Research Report
Global Argan Oil Market 2018-2022
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||599693|
|Published||Content info||105 Pages
Delivery time: 1-2 business days
|Global Argan Oil Market 2018-2022|
|Published: January 8, 2018||Content info: 105 Pages||
Argan oil is extracted from the kernel of argan fruit. Argan trees are widespread in Morocco. The increasing demand for non-timber products has essentially driven the need to preserve local conservatives. Argan trees are among those trees that have gained significant traction. 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 increasing use of argan oil in cosmetics is because of its rich properties that help in nourishing hair and skin. It is used in culinary applications because of its omega fatty acid content that helps in regulating cholesterol. Argan oil used as a food ingredient helps in fighting vitamin deficiency, low metabolism, and heart problems. Increasing use of argan oil in pharmaceutical products has prompted its global demand. These applications have led the manufacturers to develop new formulations using argan oil. In 2017, cosmetics was leading application segment. Growing awareness about the properties of argan oil is creating demand from the cosmetics segment.
Technavio's analysts forecast the global argan oil market to grow at a CAGR of 20.03% during the period 2018-2022.
The report covers the present scenario and the growth prospects of the global argan oil market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of argan oil.
The market is divided into the following segments based on geography:
Technavio's report, 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.
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