Asia Pacific Argan Oil Market Size & Outlook, 2019-2030
Asia Pacific argan oil market, 2018-2030 (US$M)
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Asia Pacific argan oil market highlights
- The Asia Pacific argan oil market generated a revenue of USD 34.0 million in 2019.
- The market is expected to grow at a CAGR of 11% from 2020 to 2030.
- In terms of segment, natural was the largest revenue generating type in 2019.
- Organic is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2020 to 2030.
Asia Pacific data book summary
| Market revenue in 2019 | USD 34.0 million |
| Market revenue in 2030 | USD 106.6 million |
| Growth rate | 11% (CAGR from 2019 to 2030) |
| Largest segment | Natural |
| Fastest growing segment | Organic |
| Historical data covered | 2018 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural, Organic |
| Key market players worldwide | OLVEA, Argan, DSM Firmenich AG, Palladyne AI Corp Class A, Malai Biomaterials, Argano, Organica, Argan Oil Secrets |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 14.6% of the global argan oil market in 2019.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 269.6 million by 2030.
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Argan Oil Market Scope
Argan Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific argan oil market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to argan oil market will help companies and investors design strategic landscapes.
Natural was the largest segment with a revenue share of 63.82% in 2019. Horizon Databook has segmented the Asia Pacific argan oil market based on natural, organic covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is emerging as a promising organic personal care & cosmetics products market across the world. In Asia Pacific, argan oil is majorly used for manufacturing pharmaceutical and personal care & cosmetics products but is also used as a dietary supplement additive owing to its health benefits.
Healthcare expenditures have risen dramatically in Asia-Pacific (APAC). In the past 15 years, several APAC countries, including Indonesia, Vietnam, Thailand, Singapore, Myanmar, and the Philippines, have seen growth in health spending exceed GDP growth [1].
According to the API Industry Outlook published in 2019, healthcare expenditure have risen significantly in the past 15 years. Factors such as government initiatives and patent expiration of prominent drugs have made Asia Pacific as the largest manufacturer and consumer of pharmaceuticals.
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Target buyers of Asia Pacific argan oil market databook
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Our clientele includes a mix of argan oil market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific argan oil market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific argan oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific argan oil market size, by country, 2018-2030 (US$M)
Asia Pacific Argan Oil Market Outlook Share, 2019 & 2030 (US$M)
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