Project report for Agar oil

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Introduction

Argan tree grows well in high heat, and even in dry & poor soil. At present, there is company who is involved in harvesting argan tree plantation in india. 100% argan sees is being imported to india from Morocco. There is absolutly no competition in India.  It is a fresh and profitable Oppourtunity for new entrepreners. It has high market potential and export potential. Increase in demand in Breakfast and cosmetic industry fuel the growth of Argan oil manufacturing industry in India.

Argon oil is a plant oil produced from the kernels of the argon tree that is endemic to Morocco. In Morocco, argon oil is used to dip bread in at breakfast or to drizzle on couscous or pasta. It is also used for cosmetic purposes. Agarwood is a fragrant dark resinous wood used in incense, perfume, and small carvings. It is formed in the heartwood of aquilegia trees when they become infected with a type of mold. Prior to infection, the heartwood is odorless, relatively light and pale colored; however, as the infection progresses, the tree produces a dark aromatic resin, called aloes or agar as well as gaharu, jinko, oud, or oodh aguru in response to the attack, which results in a very dense, dark, resin-embedded heartwood. The resin-embedded wood is valued in Indian-North Eastern culture for its distinctive fragrance, and thus is used for incense and perfumes. Its name is believed to have first and foremost Sanskrit origin, formed from ‘Aguru’. The aromatic qualities of agarwood are influenced by the species, geographic location, its branch, trunk and root origin, length of time since infection, and methods of harvesting and processing. The retail segment is further sub-segmented as distribution channel which includes online stores, hypermarkets or supermarkets, specialized drug stores, and convenience stores. The plantation of agarwood has been introduced and re-introduced in countries such as Sri Lanka, Malaysia, etc. which will catalyze the revenue created from the global agarwood essential oil market. Techniques have also been implemented to improve stimulation of agarwood production for enhanced quality of the oil produced which will favor the market growth and expansion.

Market potential & Strategy

Agarwood oil market is segmented on the basis of application which includes cosmetics & personal care, incense, therapeutics, and others. Amongst these applications, therapeutics and cosmetics applications are anticipated to rise at a significant CAGR owing to the capabilities of agarwood oil for instance to alleviate many painful conditions. The agarwood oil is gaining widespread popularity on the backdrop of its manifold advantages offered by it. Some of the properties of myrtle essential oil which are primarily driving the myrtle essential oil market are its characteristics such as anti-rheumatic, anti-stress, antimicrobial, carminative, anti-asthmatic, antioxidant, analgesic, digestive, aphrodisiac, and the like. The Ayuvedic practitioners have long used agarwood oil for its ability to provide spiritual and emotional benefits. The anti-rheumatic, anti-inflammatory and analgesic properties of agarwood oil make it a useful natural and safe treatment for those looking for effective pain relief. Agarwood oil has gained a widespread acknowledgement on the backdrop of its aphrodisiac properties associated to its ability to deal with sexual problems. Agarwood essential oil has been investigated for its anticancer properties. Agarwood oil can influence the hormones that stimulate menstruation and regulate irregular periods. Despite reflecting multiple health benefits, the agarwood oil market is also witnessing a few restraints such as its rarity and huge cost owing to the depleting resources.

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