(Food-Beverage-News.Com, February 15, 2018 ) In its recent report, Fact.MR offers a comprehensive perspective on the forecast and momentum for argan oil market across few targeted countries. There has been a rise in awareness among consumers regarding benefits of argan oil owing to its natural-based ingredients, particularly in hair care and cosmetic products. Consumer are also demanding for enhanced vitamins and nutrients in food & beverage products. Leading manufacturers in the global argan oil market are adopting strategies such as global penetration, and mass merchandizing, coupled with online product availability in order to increase their market presence and product portfolio. The report focuses on the provision of in-depth research and detailed insights about argan oil market for the forecast period 2017 to 2022.
The prime focus of Fact.MR’s report is to provide readers with an unbiased and accurate analysis of current market status of argan oil, along with future growth estimations. Argan oil manufacturers, suppliers, and distributors in the global market will benefit from the insights offered in this report. A detailed discussion guide has been formulated in this report, which can attract the interest of top trade magazines and journals related to argan oil.
To offer readers with latest information about advancements in the global argan oil market, updates about opportunities benefitting leading argan oil manufacturers are offered in the report. Continuous evolution of the food & beverage sector necessitates keeping record of upcoming and recent developments and trends which are fundamental for manufacturers of argan oil to formulate and adopt key business strategies. The detailed analysis pertaining to list of distributors, pricing analysis, raw material sourcing, cost structures, and supply chain are offered in this section.
By considering the global argan oil market, Fact.MR’s report provides segment-wise analysis and forecast. The argan oil market is categorized on the basis of source type, form type, application, distribution channel, and region. Segmentation analysis offered is comprehensive, along with the detailed country-wise forecast offered on all parameters.
14 Key Projections for the Global Argan Oil Market
1- By form type, absolute argan oil is estimated to remain preferred in the global market. Revenues from sales of absolute argan oil are anticipated to account for more than one-third market share throughout the forecast period.
2- Argan oil blends are projected to remain the second most lucrative form of argan oil. Sales of argan oil blends and absolute argan oil are expected to exhibit a parallel expansion at similar CAGRs through 2022.
3- Natural argan oil will remain sought-after in the market among consumers. Sales of natural argan oil are expected to hold nearly three-fourth revenue share of the market during the forecast period.
4- Demand for organic argan oil is expected to remain comparatively lower than that for natural argan oil during 2017 to 2022.
5- Argan oil are expected to witness the largest application in food & beverages, with sales expected to reach nearly US$ 1,600 Mn in revenues by 2022-end.
6- Aromatherapy will remain the second largest application of argan oil.
7- Argan oil sales for application in fragrances will continue to exhibit a sluggish expansion through 2022.
8- Europe will remain dominant in the global market for argan oil, with sales projected to register the fastest expansion through 2022.
9- North America is estimated to remain the second most lucrative market for argan oil.
10- The argan oil market in Middle East & Africa (MEA) will register a sluggish growth throughout the forecast period.
11- The market for argan oil in Asia-Pacific excluding Japan (APEJ) will continue to exhibit a moderate growth through 2022.
12- Argan oil sales in online distribution channel are expected to register the fastest expansion through 2022.
13- Argan oil sales in specialty stores are anticipated to reflect the lowest CAGR during 2017 to 2022. However, specialty stores are projected to remain the second most lucrative distribution channel for argan oil.
14- Modern trade is anticipated to remain dominant distribution channel in the global argan oil market.
Competition Tracking
The report has projected that companies such as Plant Therapy Essential Oils, Green Fields Oil Factory, Lionel Hitchen Essential Oils, Aromaaz International, IL Health & Beauty Natural Oils Co. Inc., Greenleaf Extractions Pvt Ltd., Biolandes, The Lebermuth Company, doTerra, Synthite Industries Ltd., Bio Extracts (Pvt) Ltd., Aksuvital, Shaanxi Guanjie Technology Co., Natures Natural India, and Young Living Essential Oils LC will remain active in expansion of global argan oil market through 2022.
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