Malaysia Argan Oil Market Outlook

malaysia’s argan oil market is expected to experience strong growth in the coming years. argan oil is an increasingly popular choice for skin care, hair care, and culinary applications. demand for this oil is expected to remain strong as the health and beauty industry continues to grow. this anticipated growth has driven the global market for argan oil to be valued at usd 92.46 million in 2021 and to continue to grow at a compounded annual growth rate of 6.2% during the forecast period of 2018 to 2032. this anticipated growth in malaysia’s argan oil market is due to a number of factors. first and foremost, the increasing awareness of the potential health benefits associated with argan oil has significantly boosted its popularity among health conscious consumers in recent years. its high levels of antioxidants, fatty acids, and vitamin e make it increasingly attractive for a multitude of cosmetic and culinary applications, and research is only beginning to reveal the many potential advantages of this oil beyond those already established. furthermore, as argan oil becomes increasingly accessible for purchase around the world, its popularity is expected to further grow. the relatively low cost of the oil makes it appealing to many who might not otherwise be able to purchase more expensive, luxury oils. similarly, the ease with which argan oil can be purchased online and in stores is a major factor driving its growth. finally, support from the malaysian government is a major factor driving the expected growth of the argan oil market in malaysia. the country’s ministry of primary industries has identified argan oil as one of its strategic exports and is taking measures to support the expansion of the industry. these measures include encouraging investment into production facilities and providing support to farmers engaging in the production of argan oil. overall, demand for argan oil in malaysia is expected to remain strong in the coming years, with continued growth potential driven by rising consumer awareness, increasing accessibility, and government support. this market outlook provides optimism that the expected growth of the argan oil market in malaysia will be sustainable and continue to attract the attention of consumers and investors alike.