The argan oil market has witnessed significant growth over recent years, driven by the increasing demand for natural and organic products across various industries including cosmetics, food, and pharmaceuticals. Argan oil, derived from the nuts of the argan tree (Argania spinosa), primarily grown in Morocco, is renowned for its high content of essential fatty acids, antioxidants, and vitamins. The versatility of argan oil makes it a popular choice for beauty and skincare products, culinary applications, and even medical uses, contributing to its rising popularity globally.
Market Size:
The global argan oil market was valued at approximately USD 2.08 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of around 15.2% from 2025 to 2030. This growth trajectory is fueled by the expanding consumer base that prioritizes natural health benefits and sustainable sourcing.
Share & Trends Analysis Report:
The market is segmented primarily by product type, processing method, application area, and end-use.
Moreover, consumer preferences are shifting towards eco-friendly and naturally sourced products, prompting leading companies in the argan oil market to innovate and diversify their product lines based on sustainability and health benefits.
In conclusion, the argan oil market is projected to continue its upward trajectory, driven by increasing demand for quality and naturally sourced products. Major players are likely to enhance their competitive edge by focusing on sustainable practices, innovative product offerings, and expanding their geographical footprints. The next few years promise to be transformative for the argan oil market, presenting vast opportunities for growth and innovation.
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Market Size:
The global argan oil market was valued at approximately USD 2.08 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of around 15.2% from 2025 to 2030. This growth trajectory is fueled by the expanding consumer base that prioritizes natural health benefits and sustainable sourcing.
Share & Trends Analysis Report:
The market is segmented primarily by product type, processing method, application area, and end-use.
By Product Type:
- Cosmetic Argan Oil: Represents the largest segment, driven by the beauty industrys increasing inclination towards organic ingredients.
- Food-grade Argan Oil: Gaining popularity in gourmet cooking and health foods, supporting not only culinary applications but also health and wellness trends.
- Medicinal Argan Oil: Although a smaller segment, it is noticing a notable rise due to the increasing use of natural remedy products.
By Key Players:
- OLVEA
- ARGANisme
- Bios Agadir
- ZineGlob
- ARGATLAS
- Issafarne
- MARPHI
By Process:
- Cold Pressing: Widely utilized for producing high-quality, unrefined argan oil, favored in cosmetics and food.
- Chemical Extraction: More cost-effective and suitable for large operations, though quality may be compromised.
By Application:
- Cosmetics: Major application sector, with trends leaning towards organic skincare, hair care, and the manufacturing of beauty supplements.
- Food: Increased awareness regarding health benefits and gourmet food markets driving this segment.
- Medical: Emerging segment focusing on the health benefits of argan oil, particularly in treatments relating to skin and hair health.
By End-Use:
- Commercial: Includes various industries such as beauty, food manufacturers, and pharmaceutical companies.
- Residential: Increasing consumer awareness of natural products is fueling demand within households.
By Region:
- North America: A dominant market due to high consumption of personal care products and organic goods.
- Europe: Significant growth driven by increased demand for natural cosmetics and health foods.
- Asia Pacific: Fastest growing region, attributed to rising disposable income and changing consumer preferences.
- Latin America and Middle East & Africa: Growing markets with an emphasis on natural products and sustainable sourcing practices.
Market News on Policy and Companies:
Policy changes aimed at promoting natural and organic farming in Morocco are positively impacting the argan oil industry. In recent years, local government initiatives have been launched to support women's cooperatives and the sustainable harvesting of argan trees. Companies like OLVEA and ARGATLAS are actively participating in these initiatives, ensuring ethical sourcing while expanding their market share.Moreover, consumer preferences are shifting towards eco-friendly and naturally sourced products, prompting leading companies in the argan oil market to innovate and diversify their product lines based on sustainability and health benefits.
Segment Forecasts (2025 - 2030):
The forecast for the argan oil market from 2025 to 2030 indicates robust growth across all segments. The cosmetic segment is expected to remain the largest contributor to revenue, with a CAGR of approximately 16.5% fueled by the organic beauty trend. The food-grade segment is likely to witness a CAGR of 13.0%, driven by rising consumer health consciousness and interest in superfoods. The medicinal segment will also show promising growth, projected at a CAGR of 12.0%, as more consumers embrace alternative health solutions.In conclusion, the argan oil market is projected to continue its upward trajectory, driven by increasing demand for quality and naturally sourced products. Major players are likely to enhance their competitive edge by focusing on sustainable practices, innovative product offerings, and expanding their geographical footprints. The next few years promise to be transformative for the argan oil market, presenting vast opportunities for growth and innovation.
This product will be delivered within 1-3 business days.
Table of Contents
Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Trading Analysis
Chapter 9 Historical and Forecast Argan Oil Market in North America (2020-2030)
Chapter 10 Historical and Forecast Argan Oil Market in South America (2020-2030)
Chapter 11 Historical and Forecast Argan Oil Market in Asia & Pacific (2020-2030)
Chapter 12 Historical and Forecast Argan Oil Market in Europe (2020-2030)
Chapter 13 Historical and Forecast Argan Oil Market in MEA (2020-2030)
Chapter 14 Summary For Global Argan Oil Market (2020-2025)
Chapter 15 Global Argan Oil Market Forecast (2025-2030)
Chapter 16 Analysis of Global Key Vendors
List of Tables and Figures
Companies Mentioned
- OLVEA
- ARGANisme
- Bios Agadir
- ZineGlob
- ARGATLAS
- Issafarne
- MARPHI
