Argentina Argan Oil Market Outlook

argentina has become one of the most important countries in the latin american region when it comes to export of cosmetics and oils, particularly for the production of argan oil. the natural oils have become a valuable product for many parts of the world and argentina’s argan oil production is escalating. as per the latest report, the worldwide market for argan oil is expected to register an impressive cagr (compounded annual growth rate) of 25.14% over the period of 2018 through 2032 likewise, the country is anticipated to capture the yield of 6.17% in market share by 2032. the presence of quality oil coupled with easy access to global resources provides argentina an excellent market position to grow in the international market. to better understand the market outlook of argan oil, one must have an assessment of the driving factors which impact its export in the international market. some of the key drivers which are playing an important role in the increasing demand of argan oil cherish from the key advantages which it offers to the customers. foremost amongst them is the exceptionally high fatty acid and emollient content which provide maximum nourishment to the skin. apart from this, its many antioxidant properties also prove to be beneficial for smoothening and reducing wrinkles. moreover, it has been considered as one of the most healthy cooking oil, since it contains monounsaturated fatty acid, which is considered healthier compared to other cooking oils. in addition, the fact that the product requires less refining and is 100% natural, makes it more preferable amongst the health-conscious customers. this has resulted in a steep rise in the sale of argan oil, which has thus poised argentina to reap the benefits of a high growth industry. in the near future, argentina is expected to focus on the demand for argan oil in many sectors, such as tourism, spa and beauty care, and personal care. this will provide more impetus to the growth of argan oil industry and boost its exports in the long run. as a result, the production of argan oil is expected to continue its surge and the market outlook of the oil is expected to be positive in the coming years.