India Argan Oil Market Size & Outlook, 2019-2030
India argan oil market, 2018-2030 (US$M)
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India argan oil market highlights
- The India argan oil market generated a revenue of USD 3.5 million in 2019 and is expected to reach USD 11.0 million by 2030.
- The India 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.
Argan oil market data book summary
| Market revenue in 2019 | USD 3.5 million |
| Market revenue in 2030 | USD 11.0 million |
| Growth rate | 11% (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, India 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 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 |
|---|
India 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 62.86% in 2019. Horizon Databook has segmented the India argan oil market based on natural, organic covering the revenue growth of each sub-segment from 2018 to 2030.
Pharmaceutical industry in India is the third-largest global producer of drugs by volume. According to the Indian Pharmaceutical Alliance, pharmaceutical sector in India generated annual revenue of 38 USD billion in 2018 and generated over 11 USD billion trade surplus to its economy.
The exponential growth of pharmaceutical sector is expected to provide positive opportunities for the growth of the argan oil market in the country as the product is significantly used for treating skin problems, cancer, and cardiovascular diseases.
According to the Indian Pharmaceutical Alliance, Vision 2030, Indian pharmaceutical industry is currently progressing at a CAGR of 7 to 8%, however, this rate is expected to elevate to 12% from 2024 to 2030. In India, middle class consumers are culturally accustomed to buying products in small quantities.
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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 India argan oil market , including forecasts for subscribers. This country databook contains high-level insights into India argan oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India argan oil market size, by type, 2018-2030 (US$M)
India Argan Oil Market Outlook Share, 2019 & 2030 (US$M)
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