The argan oil market is projected to grow at a CAGR of 7.1% during the forecast period. As per the argan oil market research report, the global market for argan oil is projected to grow swiftly by US$676.51 million by 2024. According to analysts, increasing beauty consciousness as well as growing awareness will drive the market growth during the forecast period. The argan oil market research report offers a comprehensive analysis of the global argan oil market and its application, region, and category segments. The high cost along with concerns regarding effects on health are the elements that could influence the argan oil market advancement throughout the forecast period. The argan oil market share research report by expert analysts is developed to assist organizations in the argan oil market.
The global argan oil market has been segmented based on application, region, and category. On the basis of application, the market for argan oil is segmented based on food (dairy & frozen desserts, sweet & savory snacks, bakery & confectionery, and others), cosmetics & personal care, pharmaceuticals & nutraceuticals, and others. Additionally, the market on the basis of category, is segmented into organic and conventional.
Major elements such as lack of awareness could obstruct the argan oil market growth. However, according to the argan oil market research report, rising popularity of flavored food items along with the awareness about the medicinal properties of argan oil will propel growth throughout the forecast period. The argan oil market is set to register growth at a high CAGR owing to these key factors. The exploration of application, region, and category segments along with regional markets has been given in the global argan oil market research report. The research analysts studying the argan oil market have put out market forecasts in the argan oil market research report in order to support argan oil market-based companies. The argan oil market research report provides an extensive understanding of the argan oil market based on the information and forecasts till 2024.
North America, Europe, Asia Pacific and the rest of the world regional market for argan oil are predominantly covered in the global argan oil market research report. Country-level argan oil markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level argan oil markets are covered in the report. In Asia-Pacific (APAC) region, the country-level argan oil markets covered are Japan, India, China, and others. The argan oil market research report also explores the regional market for argan oil present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The argan oil market research report also covers regional markets from the rest of the world alongside argan oil markets of Africa and the Middle East.
Applications of argan oil in pharmaceuticals and personal care industries are presumed to drive the argan oil market growth worldwide. The global argan oil market could be challenged by the lack of high demand in some parts of the world, nevertheless, organizations in the argan oil market will carry the growth rate forward. The argan oil market research report presents company profiles of major companies active in the argan oil market globally. Furthermore, the global argan oil market report offers an all-inclusive analysis of the market collected from the argan oil market’s primary and secondary sources covering both decision makers and thought leaders. The argan oil market research report highlights such key areas assisting businesses operating in the argan oil market to build better growth strategies.
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