Morocco argan oil market exports count up to approximately 700 tons per year. Much of the oil is used I skin care & hair care products. Major personal care & cosmetic companies such a L’Oreal and Unilever source it to use in product portfolio. L’Oreal has introduced product under the brand name which is argan oil containing serum whereas, Unilever has introduced Dove hair care shampoos & conditioners containing the oil. L’Oreal procures argan oil in sufficient quantities from BASF, which buys from Morocco based Berber cooperatives.
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It contains essential fatty acids such as oleic acid (43-49.1%), linoleic acid (29.3-36%), stearic acid (4.3-7.2%) and palmitic acid (11.5-15%).They help in improving the structural benefit in membrane fluidity and epidermis barrier functions. This factor helps skin to store high levels of gamma tocopherols (vitamin E), which prove to be powerful antioxidants for neutralizing free radicals. It helps in protecting cell membranes from lipid oxidation which helps in slowing down ageing process.
Argan oil contains 200% more vitamin E (tocopherols) in comparision to olive oil, which acts as an anti oxidant and free radical scavenger. The manufacturers can derive up to 771 mg of tocopherols per kg of oil in comparison to 320 mg per kg of olive oil. It also increases the effectiness of sunscreen products and also helps in preventing & treating scars.
It contains ferulic acid which increases the antioxidant properties when exposed to sunlight and provides anti-septic and anti-inflammatory properties. It also contains phenols such as tyrosol, syringic acid, resorcinol, catechin, catechol and epicathechin.
Increasing application scope in cooking is likely to drive demand over the forecast period. It is widely used as a common ingredient in couscous and taijines. It is also preferred to be used as an ingredient for many seasoning types and can be used in for meat and fish foods.
The global argan oil market share is fragmented with production bases concentrated in Morocco. The market is unregulated with the presence of many manufacturers & traders supplying different quality of oil at different rates. Argan oil producers are engaged in trading domestically and export large quantities of the product. Some of the producers have trade names while some trade unbranded and few have retails offices in North America or Europe.
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At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the argan oil market. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
- Definition and scope of research
- Market dynamics, growth drivers and industry pitfalls
- Regulatory and political guidelines for the industry
- Demographics and statistical data
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Major companies include Sidi Yassine, Marogonia, Vima Souss, Malak Bio, Amorre, BioAdorates, Zineglob and Mabioma. Sidi Yassine also has retail branch in Switzerland whereas Marogonia manufacture the product for Olvea. Some brand names include Tiwarga, Natubelle, Argamine, Argane Achifae. Mabioma is engaged int exporting the product.
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