China Argan Oil Market Size & Outlook, 2019-2030
China argan oil market, 2018-2030 (US$M)
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China argan oil market highlights
- The China argan oil market generated a revenue of USD 10.3 million in 2019 and is expected to reach USD 32.7 million by 2030.
- The China market is expected to grow at a CAGR of 11.1% 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.
Argan oil market data book summary
| Market revenue in 2019 | USD 10.3 million |
| Market revenue in 2030 | USD 32.7 million |
| Growth rate | 11.1% (CAGR from 2019 to 2030) |
| Largest segment | Natural |
| Fastest growing segment | Organic |
| Historical data | 2018 - 2018 |
| Base year | 2019 |
| Forecast period | 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, China accounted for 4.4% of the global argan oil market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China argan oil market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 32.7 million by 2030.
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Argan Oil Market Scope
Argan Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 63.11% in 2019. Horizon Databook has segmented the China argan oil market based on natural, organic covering the revenue growth of each sub-segment from 2018 to 2030.
China is one of the emerging argan oil markets in Asia Pacific, dominated by its application in cosmetics and pharmaceutical products. Cosmetics market in China is the largest in the world, which accounted for over USD 26 billion in 2018.
Growing cosmetics culture in the country has attracted several international brands such as Estée Lauder, L’Oréal Paris, Lancômeto, Maybelline, and Avène to invest in the Chinese market. Seven out of top ten cosmetics players in China comprise international brands.
However, local brands such as Kans, Herborist, Pechoin, etc. also gives intense competition to international brands. Pharmaceutical sector in China consumes argan oil in significant quantities owing to its high demand for treating skin diseases such as acne, eczema, psoriasis, and skin inflation.
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Target buyers of China 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 country-level data and insights on the China argan oil market , including forecasts for subscribers. This country databook contains high-level insights into China argan oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China argan oil market size, by type, 2018-2030 (US$M)
China Argan Oil Market Outlook Share, 2019 & 2030 (US$M)
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