A report on the Global Argan Oil Market has been published by Contrive Datum Insights. The report provides clients with the latest trending insights into the Argan Oil market. It can be seen that the report includes market value and growth rate, size, production consumption and gross margin, pricing and other influencing factors. Along with this, in the report, you will get detailed information about every distributor, supplier, and retailer in the market. The competitive scenarios of all industry players are mentioned in detail in the report. The pandemic has caused market participants to strategically change their business plans.
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The demand for many premium beauty products infused with argan oil has increased significantly in recent years. Rapid shift in consumer preference from man-made chemical products to organic products is likely to increase the demand for argon oil.
Argan oil has rapidly penetrated the personal care industry over the past decade; the emergence of skincare and cosmetic products containing argan oil is expected to shape the market growth opportunities over the next decade.
Argan oil is usually extracted from the fruit of the argan tree by mechanical or manual processes. Earlier, oil was obtained through an artisanal process; however, with advancements in technology, market players can ensure the production of high-quality oil in less time.
Argan oil is gaining increasing popularity mainly in the cosmetic and personal care industries for its advanced properties; for example, high levels of anti-inflammatory, antioxidant effects, and other notable benefits for hair and skin care. Many men’s grooming products, such as waxes, skin creams, hair and beard oils, and body washes, contain argan oil, along with some other types of essential oils.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as Constantia Flexibles, Amcor (Bemis), Winpak, ProAmpac, Quantum Packaging, Tekni-Plex, Watershed Packaging, Placon, Oliver Healthcare Packaging, Platinum Package Group, Packing Factory MILK, Formika, Etimark AG, DERSCHLAG, Al Pack d.o.o., Aluflexpack. Geographically, this market has been segmented into regions such as North America, Latin America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Asia Pacific holds the largest market share in the global argan oil market. Europe is one of the major consumers of argan oil among all regions. The European market holds the largest market share in the personal care and cosmetics industry. Cosmetics are mainly manufactured in Europe through solvent extraction of nuts, which are mainly used in the preparation of moisturizers, shampoos and anti-wrinkle cosmetics. In addition, Europe has been mainly engaged in biopharmaceutical research. Pharmaceutical companies in Europe already produce bio-based medicines for a variety of diseases, such as cancer, hypertension, diabetes and cardiovascular disease.
North America is also one of the major consumers of argan oil owing to rising consumption of bio-based personal care, cosmetics, and aromatherapy products. Using argan oil in aromatherapy can improve the health of the body, mind and spirit. Aromatherapy massage helps bring balance to the body, reduces stress, and supports various bodily functions to fight infection. Hence, these benefits of aromatherapy products became popular in North America. Moreover, they are ubiquitously available in professional salons and online shopping malls, thereby increasing the demand for argan oil globally.
Argan Oil Market Segmentation:
By Type:
- Cosmetic Argan Oil
- Culinary Argan Oil
- Other
By Applications:
- Cosmetics
- Food
- Medical
- Other
Frequently Asked Questions (FAQ):
- What is the growth rate predicted for the Global Argan Oil Market?
- Who are the top performing companies in Argan Oil Market?
- Which region dominated the worldwide market for Argan Oil in 2022?
Related Sources:
- https://www.digitaljournal.com/pr/lead-carbon-battery-market-acquire-huge-growth-global-opportunities-and-trends-to-2030
- https://www.openpr.com/news/2864352/refrigerated-vehicles-market-future-trends-demand-2022
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