Argan Oil Market will hold bulk of the market share at around 80% through 2031

Spending on non-essential and premium products has seen a rise over the past decade. The cosmetics and skincare industry is the main driving factor for the sales of argon oil, with an expected market share of over 80% by 2031. In this industry, argan oil has a wide range of application in various products such as moisturizers, shampoo, tinctures, anti-ageing creams, and serums, to name a few. Rising demand for cosmetic products across the world is parallelly driving demand for argan oil across regions.

Key players in the market are continuously working on their sales and distribution networks to increase their global market share. Companies are hustling to expand through different sales channels such as online stores, retail specialty stores, direct sales, and many more, to strengthen their distribution and sales networks.

Fact.MR has recently published a detailed revised report on the global argan oil market. According to the published report, the market is expected to surpass a valuation of US$ 156 Mn in 2021, and is expected to expand at a healthy CAGR of around 7% over the 2021 to 2031 forecast period.

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Argan Oil – Scope of Report:

A latest publication by Fact.MR on the global Argan Oilevaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2022-2032.

Important indicators for the successful growth of the Argan Oilare presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for Synthetic Cannabinoids supplements, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Argan Oil, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Competitive Landscape

As the argan oil market is fragmented with a number of players, manufacturers are expanding their market reach through increasing exports. They are also striving to strengthen their distribution networks by offering products through various sales channels such as modern retail, online stores, and specialty stores. Inspired Beauty Brands has partnered with retail specialty stores Walmart, CVS Pharmacy, Target, Walgreens, Shoprite, and Kroger to increase its market share.

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Report benefits & key questions answered

• Post covid consumer spending on Argan Oil: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
• Argan Oil demand outlook: the market intelligence study reports highlights the factor propelling the demand for Argan Oil. As per the study, the demand for Argan Oil will grow through 2031.
• Argan Oil historical volume analysis:mFact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2021-2031.
• Argan Oil consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

Argan Oil Segmentations:

• Form
  • Absolute
  • Concentrate
  • Blends
• Grade
  • Culinary Grade
  • Cosmetic Grade
• Nature
  • Organic
  • Conventional
• Packaging Format
  • Bulk (B2B) Packaging
  • B2C Packaging Format
• Application
  • Cosmetic Products
  • Edible Products
• Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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