Andhra Pradesh Journal

Press Release

Argan Oil Market Share Inside Analysis For 2016: 2023; Global Market Insights Inc.

January 24
09:54 2017

The global argan oil market share is fragmented with production bases concentrated in Morocco. The market is unregulated with the presence of many manufacturers & traders supplying different quality of oil at different rates.
Argan Oil Market Trends, Industry Analysis Report, Regional Analysis (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Competitive Landscape & Forecast, 2016 – 2023

Argan oil contains 200% more vitamin E (tocopherols) in comparision to olive oil, which acts as an anti oxidant and free radical scavenger. The manufacturers can derive up to 771 mg of tocopherols per kg of oil in comparison to 320 mg per kg of olive oil. It also increases the effectiness of sunscreen products and also helps in preventing & treating scars.

Global argan oil market size was estimated at over 3 kilo tons in 2015. Increase in natural products demand from regions such as North America and Europe has prompted morocco government to raise production to 10 kilo tons by 2020 with creating new chain of modern argan farms.

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Morocco argan oil production capacity is estimated at close to 4 kilo tons per annum. Increase in naturally derived ingredients demand for cosmetics & personal care products coupled with growing awareness of toxicity of fossil derived chemicals is likely to drive demand. They are widely preferred in cosmetic products and have found acceptance in Europe and U.S. argan oil market.

Morocco argan oil market exports count up to approximately 700 tons per year. Much of the oil is used I skin care & hair care products. Major personal care & cosmetic companies such a L’Oreal and Unilever source it to use in product portfolio. L’Oreal has introduced product under the brand name which is argan oil containing serum whereas, Unilever has introduced Dove hair care shampoos & conditioners containing the oil. L’Oreal procures argan oil in sufficient quantities from BASF, which buys from Morocco based Berber cooperatives.

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It is widely preferred in skin care products as it counters drying & elasticity loss of skin, delay wrinkles and makes skin suppler & toned. Anti-ageing product market containing organic & naturally derived ingredients for skin & hair care applications is likely to grow at a CAGR of over 7.5% from 2016 to 2023. It is expected to provide a lift for sale in hair care product segment which can make the personal care & cosmetic market exceed USD 100 billion over the forecast period. U.S. argan oil market price may see a surge over the forecast period.

To view or purchase this report titled, “Argan Oil Market Size, Industry Analysis Report, Regional Analysis (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Landscape & Forecast, 2016 – 2023” please click on the link below:

https://www.gminsights.com/industry-analysis/argan-oil-market

Increasing application scope in cooking is likely to drive demand over the forecast period. It is widely used as a common ingredient in couscous and taijines. It is also preferred to be used as an ingredient for many seasoning types and can be used in for meat and fish foods.

The global argan oil market share is fragmented with production bases concentrated in Morocco. The market is unregulated with the presence of many manufacturers & traders supplying different quality of oil at different rates. Argan oil producers are engaged in trading domestically and export large quantities of the product. Some of the producers have trade names while some trade unbranded and few have retails offices in North America or Europe.

Major companies include Sidi Yassine, Marogonia, Vima Souss, Malak Bio, Amorre, BioAdorates, Zineglob and Mabioma. Sidi Yassine also has retail branch in Switzerland whereas Marogonia manufacture the product for Olvea. Some brand names include Tiwarga, Natubelle, Argamine,  Argane Achifae. Mabioma is engaged int exporting the product.

Browse Related Report

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https://www.gminsights.com/industry-analysis/organic-personal-care-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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