Gulf Cooperation Council Argan Oil Market Size & Outlook
Gulf Cooperation Council argan oil market, 2018-2030 (US$M)
Related Markets
Gulf Cooperation Council argan oil market highlights
- The Gulf Cooperation Council argan oil market generated a revenue of USD 3.6 million in 2019 and is expected to reach USD 9.5 million by 2030.
- The Gulf Cooperation Council market is expected to grow at a CAGR of 9.2% 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 3.6 million |
| Market revenue in 2030 | USD 9.5 million |
| Growth rate | 9.2% (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, Gulf Cooperation Council accounted for 1.5% 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 Middle East & Africa, Morocco argan oil market is projected to lead the regional market in terms of revenue in 2030.
- Gulf Cooperation Council is the fastest growing regional market in Middle East & Africa and is projected to reach USD 9.5 million by 2030.
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Argan Oil Market Scope
Argan Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Gulf Cooperation Council 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 63.89% in 2019. Horizon Databook has segmented the Gulf Cooperation Council argan oil market based on natural, organic covering the revenue growth of each sub-segment from 2018 to 2030.
The Gulf Cooperation Council (GCC) is one of the major trade blocks in the world, having a combined GDP of over 3.46 trillion in 2018. The countries Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE have been the most dynamic part of the MEA region and are significant consumers of argan oil.
The demand for argan oil is high in personal care & cosmetics and pharmaceutical markets in GCC. In the recent years, halal cosmetics have witnessed significant adoption among the Muslim consumers owing to the increasing demand for trendy beauty products such as hair care, lip balms, skincare, foundation, moisturizers, anti-aging creams, and lotions.
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Target buyers of Gulf Cooperation Council 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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Horizon Databook provides a detailed overview of country-level data and insights on the Gulf Cooperation Council argan oil market , including forecasts for subscribers. This country databook contains high-level insights into Gulf Cooperation Council argan oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Gulf Cooperation Council argan oil market size, by type, 2018-2030 (US$M)
Gulf Cooperation Council Argan Oil Market Outlook Share, 2019 & 2030 (US$M)
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