Latin America Argan Market Size, Share, Growth, Analysis 2022-2027
El nuevo estudio de Informes de Expertos titulado ‘El Mercado Latinoamericano de Aceite de Argán, Informe y Pronóstico 2022-2027′, ofrece un análisis profundo del mercado, evaluándolo por el tipo de producto, la forma, la aplicación, el canal de distribución y las regiones clave. El informe analiza los factores clave de éxito y las limitaciones, también rastrea las últimas tendencias en la industria y estudia su impacto en el mercado en general. Además, evalúa la dinámica del mercado, cubriendo los indicadores clave de demanda y precio, junto con el análisis del mercado basado en los modelos FODA y las Cinco Fuerzas de Porter.
The new report by Informes de Expertos titled, ‘Latin America Argan Oil Market 2022-2027’, gives an in-depth analysis of the market, assessing it based on type, shape, application, distribution channel and key regions. The report analyses key success factors and constraints, tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): X%
Argan oil is ideally suited for skin and hair care and is frequently used to create pharmaceuticals and medications for skin-related and other medical diseases due to its extensive anti-inflammatory, antiproliferative, antioxidant, and analgesic characteristics. It is primarily included in the compositions of men’s grooming products such as skin creams, and beard and hair oils, which has resulted in the expected growth of the regional market and increased consumption.
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Consumers’ growing health consciousness and the health advantages of argan oil are enabling the industry to expand. Other favorable factors influencing the sector include the rising use of cooking oil and its use in beauty and personal care products. In addition to its use in cooking and cosmetics, it has been utilized as a medication to treat diabetes and high blood pressure. Moreover, the burgeoning demand for natural products including argan oil in aromatherapy further support the growth of the target industry.
Industry Definition and Major Segments
The kernels of the argan tree’s fruit are used to make the vegetable oil known as “argan oil.” Due to its numerous advantages, this oil has now spread to worldwide markets. It is widely utilized for culinary, cosmetic, and medical applications and is a rich source of vitamins A and E, antioxidants, triterpenoids, omega-6 fatty acids, and linoleic acid.
Based on type, the market is segmented into:
By shape, the market is divided into:
Depending on the application, the industry is fragmented into:
- Cosmetics and Personal Care
- Medical Applications
By distribution channel, the market is classified as:
Key regions covered include:
There is an increased preference for skin care and personal care among Latin Americans nowadays. This increasing demand for high-end skincare and haircare products is one of the crucial factors attributing to the rise in the argan oil consumption in the region. The industry is further moving towards product diversification and the extension of the argan oil application area. This is attributed to the growing number of product launches from the end-users of the industry, including personal care & cosmetics and food & beverage etc. The rising product utilization will also boost the market in the production of baked goods, dairy products, and frozen desserts. Argan oil is also increasingly being used to create pharmaceutical and nutraceutical goods, thus assisting the market’s expansion.
Key Market Players
The major players in the market are:
- Argane Aouzac
- Organica Group Ltd.
- Kamakhya Bottlers
- Zidrop Argan Oil
This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.
Informes de Expertos the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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