Market Overview
The increasing sale of argan oil is driven by rising awareness among the consumers about the beneficial properties of argan oil. High antioxidant content of the oil makes its application more significant in personal care products due to the anti-ageing property the oil imparts. Rise in consumption of healthy food products has supported the sale of argan oil in the global market. Increasing disposable income and economy development is also found to fuel up the market demand of unconventional oils such as argan oil. The consumption as well as production of argan oil is found to be high in Middle East and African region and is evaluated to increase at a positive growth rate in various countries of North America, Europe and Asia Pacific region.
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Competitive Landscape
The major key players in Argan Oil market are
- Groupe Olvea (France)
- Zineglob SARL (Morocco)
- Argan Liquid Gold (U.K.)
- Nadifi Argan Oil (Morocco)
- Sidi Yassine (Morocco)
- Vima Souss (Morocco)
- Malak Bio (Morocco)
Market Segmentation
Global Argan Oil Market Share has been a segmented based category, application, and region. Based on category, market has been classified into organic and conventional. The application segment in the global argan oil market has been divided into food, pharmaceuticals & nutraceuticals, and cosmetics & personal care. The food segment is further bifurcated into bakery & confectionery, dairy & frozen dessert, sweet & savory snacks, and others. The global argan oil industry has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American market has further been segmented into the US, Canada, and Mexico. The European market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The argan oil market in the rest of the world has been segmented into South America, the Middle East, and Africa.
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Regional Analysis
The Global Argan Oil Market Share is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Middle East and Africa (Rest of the World) holds a major market share followed by North America. High demands for healthy oils with widespread applications from the developed countries of these regions is contributing to the positive growth of argan oil market. Morocco, U.S., the Netherlands, China, U.K., and Japan are the major importers of argan oil.
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