UAE Argan Oil Market Outlook (2018 to 2032)
Synopsis
The above chart is UAE Argan Oil Market Outlook (2018 to 2032)
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.