Mexico Argan Oil Market Size & Outlook, 2019-2030
Mexico argan oil market, 2018-2030 (US$M)
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Mexico argan oil market highlights
- The Mexico argan oil market generated a revenue of USD 2.8 million in 2019 and is expected to reach USD 9.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11.4% 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 2.8 million |
| Market revenue in 2030 | USD 9.3 million |
| Growth rate | 11.4% (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, Mexico accounted for 1.2% 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 North America, U.S. argan oil market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 240.8 million by 2030.
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Argan Oil Market Scope
Argan Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 60.71% in 2019. Horizon Databook has segmented the Mexico argan oil market based on natural, organic covering the revenue growth of each sub-segment from 2018 to 2030.
Argania spinosa or argan plant has been observed in the wilds of Mexico but its fruits are not utilized for oil production. Mexico imports argan oil from Morocco. ConnOils, one of the global supplement manufacturers & distributors, is a wholesale supplier of argan oil in Mexico.
The company processes argon oil and oil powders in accordance with the Food and Drug Administration (FDA) specifications. In addition, the demand for argan oil is significantly driven by its cosmetics industry. Cosmetics & beauty market in Mexico is the most consistent, irrespective of the economic slowdown.
This can be attributed to the increasing popularity of cosmetic products among men. In addition, regular consumption of argan oil protects against endometrial cancer, lowers body cholesterol, and improves cardiovascular health, thus, finding significant applications in the Mexican pharmaceutical industry.
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Target buyers of Mexico 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 Mexico argan oil market , including forecasts for subscribers. This country databook contains high-level insights into Mexico argan oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico argan oil market size, by type, 2018-2030 (US$M)
Mexico Argan Oil Market Outlook Share, 2019 & 2030 (US$M)
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