Morocco Argan Oil Market Size & Outlook, 2019-2030
Morocco argan oil market, 2018-2030 (US$M)
Related Markets
Morocco argan oil market highlights
- The Morocco argan oil market generated a revenue of USD 37.4 million in 2019 and is expected to reach USD 97.0 million by 2030.
- The Morocco market is expected to grow at a CAGR of 9% 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 37.4 million |
| Market revenue in 2030 | USD 97.0 million |
| Growth rate | 9% (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, Morocco accounted for 16.1% 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 |
|---|
Morocco 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 Morocco argan oil market based on natural, organic covering the revenue growth of each sub-segment from 2018 to 2030.
Morocco is the only commercial-scale argan oil-producing country in the world. Argan oilis grown exclusively in the arid region of southwest Morocco. Argan treesact as a natural barrier to deserts and prevent soil erosion.
These trees have been so beneficial to Morocco’s environment that the argan forest was declared a Biosphere Reserve by the United Nations Educational, Scientific and Cultural Organization (UNESCO) in 1998.
Moroccan argan oil is gaining popularity globally as it contains ingredients including lupeol, omega-3 & omega-6 fatty acids, antioxidant tocopherols, beta-amyrin, butyrospermol, and triterpenoids.
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Target buyers of Morocco 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 Morocco argan oil market , including forecasts for subscribers. This country databook contains high-level insights into Morocco argan oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Morocco argan oil market size, by type, 2018-2030 (US$M)
Morocco Argan Oil Market Outlook Share, 2019 & 2030 (US$M)
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