Egypt Argan Oil Market Outlook

egypt is one of the most promising markets in the world for argan oil. it is estimated that the market for argan oil is expected to grow rapidly in the near future due to the rising demand for personal care products. egypt is expected to be the next major consumer of argan oil products in middle eastern markets. in fact, the country has some of the most conducive conditions for the argan oil industry. the country has a favourable climate for cultivation of the plant and a competent infrastructure that facilitates its transportation to great distances. the argan oil market in egypt is highly competitive and the number of players has been multiplying in recent years. major producers are branching out into creating new products, sizes, packaging for different occasions and consumers. this will help in increasing the product penetration to a wider market as well as improving the public awareness on argan oil. the challenges faced by the industry include inadequate knowledge among local producers on the production process, shortage of skilled labor, and access to capital to finance production. despite these challenges, foreign entrepreneurs are increasingly investing in the argan oil industry in egypt due to its flourishing outlook. this steady development of the market is further reinforced by the government’s focus on the overall export of argan oil. a number of initiatives have been undertaken by the government to support the efforts of small traders and facilitate the development of argan oil in egypt. egypt is facing some environmental challenges that may hold back the development of the argan oil industry. these include excessive heat, limited water resources, and limited soil nutrients. nonetheless, the market for argan oil in egypt is expected to remain vibrant in the near future, as long as the overall economic conditions are favorable. considering these factors, the outlook of egypt’s argan oil market for the period from 2018 to 2032 is expected to be positive. the market is set to undergo a steady growth as a result of favorable government initiatives. with a wide range of products available in the market, the industry looks promising for investors and entrepreneurs.