U.S. Argan Oil Market Size & Outlook, 2019-2030
U.S. argan oil market, 2018-2030 (US$M)
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U.S. argan oil market highlights
- The U.S. argan oil market generated a revenue of USD 70.4 million in 2019 and is expected to reach USD 240.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 11.8% 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 70.4 million |
| Market revenue in 2030 | USD 240.8 million |
| Growth rate | 11.8% (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, U.S. accounted for 30.2% 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 |
|---|
U.S. 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 58.52% in 2019. Horizon Databook has segmented the U.S. argan oil market based on natural, organic covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. argan oil market is developing and gaining importance on account of the presence of highperformance ingredients such as vitamin E, omega 6, beta-amyrin, omega 3, triterpenoids, butyrospermol, lupeol, and tocopherols in argan oil. These ingredients help accelerate cell growth and strengthen anti-inflammatory & antiseptic features of the human body.
In the U.S., favorable regulatory scenario along with technology innovation aiming for chemical and microbiology quality enhancement is expected to contribute to the overall market growth. For example, according to the Food and Drug Administration (FDA), the product can be used to restore hair growth, treat varicose, reduce cellulite, and for cell regeneration.
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Our clientele includes a mix of argan oil market companies, investment firms, advisory firms & academic institutions.
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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 U.S. argan oil market , including forecasts for subscribers. This country databook contains high-level insights into U.S. argan oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. argan oil market size, by type, 2018-2030 (US$M)
U.S. Argan Oil Market Outlook Share, 2019 & 2030 (US$M)
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