Middle East & Africa Argan Oil Market Size & Outlook
Middle East & Africa argan oil market, 2018-2030 (US$M)
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MEA argan oil market highlights
- The MEA argan oil market generated a revenue of USD 42.1 million in 2019.
- The market is expected to grow at a CAGR of 9.1% 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.
- Country-wise, Gulf Cooperation Council is expected to register the highest CAGR from 2020 to 2030.
MEA data book summary
| Market revenue in 2019 | USD 42.1 million |
| Market revenue in 2030 | USD 109.3 million |
| Growth rate | 9.1% (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, MEA region accounted for 18.1% 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.
Key Regions: U.S. , UK , Japan , Brazil , Gulf Cooperation Council
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Argan Oil Market Scope
Argan Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 63.9% in 2019. Horizon Databook has segmented the Middle East & Africa argan oil market based on natural, organic covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa is the only region in the world i.e. involved in commercial-scale production of argan oil. Argan trees are mainly grown around the arid & semi-arid region of Essaouira and Agadir in Morocco. Considering the benefits of argan oil, in recent years several NGOs, multinational cosmetics companies has come in to prevent deforestation and encourage planting of argan trees in the region.
For instance, L’Oréal along with BASF SE has set up a sourcing program to foster the argan oil supply chain. Traditionally, the oil was used for cooking and prevention of several skin diseases such as skin inflation, acne, psoriasis, dry skin, eczema, and joint pain.
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Our clientele includes a mix of argan oil market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa argan oil market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa argan oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA argan oil market size, by country, 2018-2030 (US$M)
Middle East & Africa Argan Oil Market Outlook Share, 2019 & 2030 (US$M)
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