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.

MIR 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.

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 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.

Argan Oil Market Key Vendors Are: ARGANisme, Bios Agadir, Biopur, Nadifi Argan, ZineGlob SARL.

Argan Oil Other prominent vendors Are : ARGATLAS, Kanta Enterprises, Mountain Dust, OLVEA.

Argan Oil Market Driver:

  • Consumer preference toward natural products
  • For a full, detailed list, view our report

 Argan Oil Market Trends:

  • Consumer preference toward natural products
  • For a full, detailed list, view our report

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 The Argan Oil Market is divided into the following segments based on Geography:

  • Americas
  • APAC
  • EMEA

This independent 105-Page report guarantees you will remain better informed than your competition. With approx 210 tables and figures examining the Argan Oil Market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

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Commenting on the report, an analyst from MIR team said: “The latest trend gaining momentum in the market is significant pipeline. There are multiple promising immunological agents in the pipeline, which boost the market growth after their approval. The approval of new therapeutic agents broadens the options available for the treatment and thus leads to the increase in demand for the therapeutic regimen. There are approximately 51 molecules under different clinical trial stages globally. Out of them, 22 molecules are in Phase II, four molecules are in Phase III, 16 molecules are in Phase I, and remaining are in Phase I/Il clinical trials. One of the most promising molecules under development from AbbVie is risankizumab (ABBY-066). Boehringer Ingelheim and AbbVie are jointly working on the molecule to get approval for new indications such as psoriasis, psoriatic arthritis, and Crohn’s disease. This combination is currently going through Phase III clinical trial for psoriasis and Phase II for psoriatic arthritis and Crohn’s disease.”

According to the report, one of the major drivers for this market is growing cases of infectious diseases. Infectious diseases such as hepatitis and acquired immunodeficiency syndrome (AIDS) are rampant globally. When the body’s immune system is unable to resist the invading pathogens or microbes, it gives way to infections. Infectious diseases such as hepatitis and AIDS can be treated by immunomodulators. Agents that help in boosting the immunity of the human body help in resisting pathogens. According to the CDC, there are more than a million AIDS-affected people in the US. With the rising incidences of infectious diseases, the demand for immunology products will increase in the coming years.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Highlights of The Argan Oil Market Report:

  • The key details related to Argan Oil Market like the product definition, cost, variety of applications, demand and supply statistics are covered in this report.
  • Competitive study of the major Argan Oil Market players will help all the market players in analyzing the latest trends and business strategies.
  • The study of emerging Argan Oil Market segments and the existing market segments will help the readers in planning the business strategies.
  • Figure Global Production Market Share of Argan Oil Market by Types and by Applications in 2017.

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