Pro
Chemicals & Materials
Bio-lubricants Market End-use Industry, By Others
| Label | USD Million |
|---|---|
| 2018 | 184.19369025205012 USD Million |
| 2019 | 207.98745511749112 USD Million |
| 2020 | 234.8548499519999 USD Million |
| 2021 | 265.19291999999996 USD Million |
| 2022 | 299.45 USD Million |
| 2023 | 333.70708 USD Million |
| 2024 | 371.88316995200006 USD Million |
| 2025 | 414.4266045945089 USD Million |
| 2026 | 461.8370081601207 USD Million |
| 2027 | 514.6711618936386 USD Million |
| 2028 | 573.5495428142708 USD Million |
| 2029 | 639.1636105122234 USD Million |
| 2030 | 712.2839275548217 USD Million |
| 2031 | 793.7692088670934 USD Million |
| 2032 | 884.5764063614889 USD Million |
Data Source: Wantstats Repository
Market Dynamics
Argan Oil, a cooking oil that is derived from the kernels of the argan tree, is becoming increasingly popular in the United Arab Emirates (UAE). The rise in demand is not only attributed to its culinary and medicinal uses but also due to its natural beauty, skin and hair health properties. In the UAE, argan oil is used in both traditional and modern cuisine, and is believed to have many health benefits. Its demand is ever increasing as a result of its increasing market presence and popularity due to its affordability and availability. The UAE argan oil market is expected to grow substantially during the forecast period of 2018 to 2032. This growth can be attributed to numerous factors such as growing health awareness, increasing demand for natural and organic products, and changing lifestyles. The demand for argan oil in the UAE is also being fuelled by its strong presence in international and local markets, with different companies offering it in various formats. The implementation of new policies, regulations and initiatives, as well as the increasing investment in research and development activities, are also playing a vital role in the growth of the UAE argan oil market.
In addition, the availability of a variety of grades, including virgin, extra-virgin, and cold-pressed, in the UAE has been helping to bolster the demand for argan oil. Moreover, growing environmental concerns, coupled with the growing demand for sustainable and eco-friendly ingredients, is expected to significantly contribute to the growth of the UAE argan oil market in the coming years. Innovations in packaging, including glass, PET and HDPE bottles, are further augmenting the growth of the market. Apart from this, rising participation of international cosmetics and beauty care companies in the Middle East has played a major role in driving the demand for argan oil. Additionally, the increasing availability of quality argan oil products at competitive prices in certain supermarkets and online platforms has been inducing more consumers to opt for argan oil over other products. All in all, it is clear that the UAE argan oil market is set to experience rapid growth in the coming years due to the aforementioned factors. The UAE market is likely to be one of the leading contributors to the overall argan oil market, given its large population size, rising health awareness, and growing demand for natural and organic products.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
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Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.