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Published: Oct, 2019 | Pages:
67 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)
The Morocco argan oil market size is expected to reach USD 262.4 million by 2025 progressing at a remarkable CAGR of 20.7% over the forecast period as per a new report by Grand View Research, Inc. Morocco is expected to witness an increase in the consumption of argan oil owing to high demand from medical industry. Rising demand for Morocco argan oil in cosmetics sector is directly contributing to growing product exports to different regions. Furthermore, the market in Morocco is expected to develop on account of rising consumer preference for natural ingredients. Growing aging population in the U.S. is another major factor anticipated to drive the product consumption as it is used in anti-wrinkle creams. Other factors such as initiatives by medical research institutes to conduct argan oil-related studies are also projected to positively impact the overall demand over the forecast period. Constant technological advancements are contributing to enhancing the chemical and microbiological qualities of the product. Ascending demand for argan oil in medical and food industries is pressurizing the key producing areas of Morocco to boost their production levels and bridge the demand-supply gap. However, this gap is expected to increase over the forecast period, thereby creating a need for the government to adopt initiatives and drive the overall production. Manufacturers of personal care & cosmetic products are inclined toward increasing their argan oil consumption for advanced cosmetic solutions in order to ensure healthy skin and hair. Such initiatives are expected to drive the overall product demand in cosmetics application segment. The widening of product distribution channels has made these products easily accessible to consumers. Investments in R&D activities and technological advancements in the area of processing ingredients have been the key factors responsible for boosting the market growth in Morocco over the past few years. Further key findings from the report suggest: • Organic segment is projected to ascend at the fastest CAGR of 22.0% over the forecast period with increasing demand for organic products in various sectors • The government of Morocco adopted the auto-entrepreneur framework in 2014, which has proven to be beneficial for entrepreneurs by providing easier access to loans and several tax benefits • The German Agency for International Cooperation (GIZ) GmbH is creating awareness among women cooperatives and emphasizing the need to preserve argan forests, which is restraining the market growth • As argan oil is expensive, some vendors sell diluted argan oil by mixing it with other oils. This unfair practice of trade is likely to impact the product sales to a large extent, thereby affecting the entire market in Morocco.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Information Procurement
1.2.1 Purchased Database
1.2.2 GVR's Internal Database
1.2.3 Secondary Sources
1.2.4 Third Party Perspective
1.3 Primary Research
1.3.1 Primary Sources
1.4 Information Analysis
1.4.1 Data Analysis Models
Chapter 2 Executive Summary
2.1 Market Outlook
Chapter 3 Market Variables & Trends
3.1 Market Lineage Outlook
3.2 Penetration and Growth Prospect Mapping, 2014 - 2025
3.3 Value Chain
3.3.1 Raw Material Trends
3.3.2 List of Key End-Users
3.4 Technology Overview
3.5 Regulatory and Policy Landscape
3.6 Market Dynamics
3.6.1 Market Driver Analysis
3.6.1.1 Increasing preference for organic products
3.6.1.2 Benefits from government initiatives
3.6.2 Market Restraint
3.6.2.1 Unfair practices
3.6.3 Industry Challenges
3.7 Industry Analysis Tools
3.7.1 Porter's Analysis
3.7.1.1 Threat of New Entrants
3.7.1.2 Bargaining Power of Buyers
3.7.1.3 Competitive Rivalry
3.7.1.4 Bargaining Power of Suppliers
3.7.1.5 Threat of Substitutes
3.7.2 PESTEL Analysis
Chapter 4 Morocco Argan Oil Market: Type Estimates & Trend Analysis
4.1 Type movement analysis & market share, 2018 & 2025
4.2 Market Size & Forecasts and Trend Analysis, 2014 to 2025
4.2.1 Natural
4.2.1.1 Natural argan oil market estimates & forecasts, 2014 - 2025 (Tons) (USD Million)
4.2.2 Organic
4.2.2.1 Organic argan oil market estimates & forecasts, 2014 - 2025 (Tons) (USD Million)
Chapter 5 Morocco Argan Oil Market: Form Estimates & Trend Analysis
5.1 Form movement analysis & market share, 2018 & 2025
5.2 Market Size & Forecasts and Trend Analysis, 2014 to 2025
5.2.1 Absolute
5.2.1.1 Argan oil absolute market estimates & forecasts, 2014 - 2025 (Tons) (USD Million)
5.2.2 Blend
5.2.2.1 Argan oil blend market estimates & forecasts, 2014 - 2025 (Tons) (USD Million)
5.2.3 Concentrate
5.2.3.1 Argan oil concentrate market estimates & forecasts, 2014 - 2025 (Tons) (USD Million)
Chapter 6 Morocco Argan Oil Market: Application Estimates & Trend Analysis
6.1 Application movement analysis & market share, 2018 & 2025
6.2 Market Size & Forecasts and Trend Analysis, 2014 to 2025
6.2.1 Personal Care & Cosmetics
6.2.1.1 Market estimates & forecasts in personal care & cosmetics, 2014 - 2025 (Tons) (USD Million)
6.2.2 Medical
6.2.2.1 Market estimates & forecasts in medical, 2014 - 2025 (Tons) (USD Million)
6.2.3 Aromatherapy
6.2.3.1 Market estimates & forecasts in aromatherapy, 2014 - 2025 (Tons) (USD Million)
6.2.4 Food
6.2.4.1 Market estimates & forecasts in food, 2014 - 2025 (Tons) (USD Million)
6.2.5 Cleaning & Home
6.2.5.1 Market estimates & forecasts in cleaning & home products, 2014 - 2025 (Tons) (USD Million)
Chapter 7 Morocco Argan Oil Market: Distribution Channel Estimates & Trend Analysis
7.1 Distribution Channel movement analysis & market share, 2018 & 2025
7.2 Market Size & Forecasts and Trend Analysis, 2014 to 2025
7.2.1 Supermarket/Hypermarket
7.2.1.1 Market estimates & forecasts through supermarket/hypermarket, 2014 - 2025 (Tons) (USD Million)
7.2.2 Specialty Retailer
7.2.2.1 Market estimates & forecasts through specialty retailer, 2014 - 2025 (Tons) (USD Million)
7.2.3 Online Stores
7.2.3.1 Market estimates & forecasts through online stores, 2014 - 2025 (Tons) (USD Million)
7.2.4 Other Distribution Channels
7.2.4.1 Market estimates & forecasts through other distribution channels, 2014 - 2025 (Tons) (USD Million)
Chapter 8 Competitive Analysis
8.1 Manufacturer landscape
8.2 Competitive Environment
8.3 Company Market Positioning
8.4 Strategic Framework
Chapter 9 Company Profiles
9.1 ARGANisme
9.1.1 Company Overview
9.1.2 Product Benchmarking
9.2 Bio Agadir
9.2.1 Company Overview
9.2.2 Product Benchmarking
9.3 YOURGAN SARL
9.3.1 Company Overview
9.3.2 Product Benchmarking
9.4 Oriental GROUP SARL AU
9.4.1 Company Overview
9.4.2 Product Benchmarking
9.5 ZINEGLOB
9.5.1 Company Overview
9.5.2 Product Benchmarking
9.6 Arganfarm
9.6.1 Company Overview
9.6.2 Product Benchmarking
9.7 Malakbio
9.7.1 Company Overview
9.7.2 Product Benchmarking
9.8 OLVEA
9.8.1 Company Overview
9.8.2 Product Benchmarking
Chapter 10 Recommendation
10.1 National and International Scenario
10.2 Recommendation
List of Tables Table 1 List of key end users Table 2 Morocco Argan Oil market volume estimates & forecast by type, 2014 - 2025 (Tons) Table 3 Morocco Argan Oil market volume estimates & forecast by type, 2014 - 2025 (USD Million) Table 4 Natural argan oil market estimates & forecast, 2014 - 2025 (Tons) (USD Million) Table 5 Organic argan oil market estimates & forecast, 2014 - 2025 (Tons) (USD Million) Table 6 Morocco Argan Oil market volume estimates & forecast by form, 2014 - 2025 (Tons) Table 7 Morocco Argan Oil market volume estimates & forecast by form, 2014 - 2025 (USD Million) Table 8 Argan oil absolute market estimates & forecast, 2014 - 2025 (Tons) (USD Million) Table 9 Argan oil blend market estimates & forecast, 2014 - 2025 (Tons) (USD Million) Table 10 Argan oil concentrate market estimates & forecast, 2014 - 2025 (Tons) (USD Million) Table 11 Morocco Argan Oil market volume estimates & forecast by application, 2014 - 2025 (Tons) Table 12 Morocco Argan Oil market volume estimates & forecast by application, 2014 - 2025 (USD Million) Table 13 Argan oil market estimates & forecasts in personal care & cosmetics, 2014 - 2025 (Tons) (USD Million) Table 14 Argan oil market estimates & forecasts in medical, 2014 - 2025 (Tons) (USD Million) Table 15 Argan oil market estimates & forecasts in aromatherapy, 2014 - 2025 (Tons) (USD Million) Table 16 Argan oil market estimates & forecasts in food, 2014 - 2025 (Tons) (USD Million) Table 17 Argan oil market estimates & forecasts in cleaning & home products, 2014 - 2025 (Tons) (USD Million) Table 18 Morocco Argan Oil market volume estimates & forecast by distribution channel, 2014 - 2025 (Tons) Table 19 Morocco Argan Oil market volume estimates & forecast by distribution channel, 2014 - 2025 (USD Million) Table 20 Argan oil market estimates & forecasts through supermarket/hypermarket, 2014 - 2025 (Tons) (USD Million) Table 21 Argan oil market estimates & forecasts through specialty retailer, 2014 - 2025 (Tons) (USD Million) Table 22 Argan oil market estimates & forecasts through online stores, 2014 - 2025 (Tons) (USD Million) Table 23 Argan oil market estimates & forecasts through other distribution channels, 2014 - 2025 (Tons) (USD Million)
List of Figures Fig. 1 Morocco Argan Oil market segmentation Fig. 2 Information procurement Fig. 3 Primary research pattern Fig. 4 Primary research process Fig. 5 Primary research approaches Fig. 6 Penetration and Growth Prospect Mapping, 2014 - 2025 Fig. 7 Morocco Argan Oil - Value Chain Analysis Fig. 8 Market Dynamics Fig. 9 Porter's Analysis Fig. 10 PESTEL Analysis Fig. 11 Morocco Argan Oil market volume by Type, 2018 & 2025 (Tons) Fig. 12 Morocco Argan Oil market volume by Form, 2018 & 2025 (Tons) Fig. 13 Morocco Argan Oil market volume by Application, 2018 & 2025 (Tons) Fig. 14 Morocco Argan Oil market volume by Distribution Channel, 2018 & 2025 (Tons) Fig. 15 Competitive Environment Fig. 16 Company Market Positioning Fig. 17 Strategic Framework
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