Market Segmentation
Organic personal care industry envelops a wide range of products including skincare, hair care, oral care, and cosmetics among others. A prime characteristic of this industry, which also acts as a major pull for consumers, is the natural appeal of the products. With limited or no use of synthetic ingredients in the formulation of organic personal care products, the original properties of the ingredients are retained, thus increasing their effectiveness. Organic products are absolutely free from any harmful chemicals. Rising consumer awareness regarding the various advantages associated with organic personal care products over their synthetic counterparts has resulted in an increased demand for the former over the last few years. Consumers are increasingly paying attention to their appearance, with particular importance given to youthful-looking and healthy skin. This trend is expected to boost the demand for organic personal care products and cosmetics including argan oil-based products.
Argan oil consists of essential vitamins and nutrients including lupeol, antioxidant tocopherols, butyrospermol, essential fatty acids, and triterpenoids. Thus, argan oil finds large-scale applications in cosmetics as the aforementioned ingredients strengthen the antiseptic & anti-inflammatory properties of the oil and increase its content of vitamin E & omega-3 and omega-6 fatty acids. Some of the important health benefits provided by argan oil on account of the presence of the aforementioned essential vitamins and nutrients have been listed below:
Improves digestion
Helps in lowering cholesterol levels:
Anti-inflammatory agent:
Cancer treatment:
Argan oil is considered beneficial in curing rheumatic and arthritis problems
The oil possesses tonic and aphrodisiac properties.
Triterpenoids, fatty acids, and antioxidants in argan oil help in treating skin acne, scars, unwanted warts, and dermatitis
Excessive presence of fatty acids in argan oil helps in enhancing the skin texture by removing wrinkles and age spots
Protection from noxious UV radiation is another benefit of argan oil.
Argan oil is a perfect solution for hair treatment. High vitamin E content of the oil helps in strengthening the hair.
Vitamin E content of the oil helps in strengthening the nails. Vitamin E in the oil also enhances the growth of finger and toenails
It enhances the overall look and feel of the skin
Argan trees are mainly grown in Morocco, North Africa. These trees are used for various purposes including food, shelter, agriculture, charcoal, wood, and livestock feed by the local population of the country. International manufacturers of personal care products and cosmetics are increasingly utilizing argan oil to develop enhanced product solutions for hair treatment and skin care. Increasing consumption of argan oil in cosmetics, food, and medical industries is projected to boost the overall demand for argan fruits. Morocco is expected to face difficulty to meet the growing demand due to limited number of argan trees in the country along with growing domestic product consumption.
According to Arganic, a UK-based manufacturer, 1 liter of argan oil is produced from around 30 kg argan fruit and 15 hours of labor work. This implies that steps need to be taken by countries to increase the production of argan oil in the coming years. Recently, countries including Algeria, Israel, and Mexico have contributed toward the cultivation of argan trees. Such initiatives are expected to increase the production of argan oil over the forecast period
This section will provide insights into the contents included in this argan oil market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance