Argan Oil Market Summary
As per MRFR analysis, the Argan Oil Market Size was estimated at 371.0 USD Million in 2024. The Argan Oil industry is projected to grow from USD 413.0 million in 2025 to USD 1220.0 million by 2035, exhibiting a compound annual growth rate (CAGR) of 11.5% during the forecast period 2025 - 2035. North America holds the largest share of the global Argan Oil Market at approximately 33%, driven by increasing consumer awareness of argan oil's health and beauty benefits, strong demand from the cosmetics and personal care sector, and a well-established natural products retail market. The United States is the leading country within North America, capturing approximately 27% of the global Argan Oil Market share, supported by high consumer spending on premium natural beauty products, a growing clean beauty movement, and the popularity of argan oil as a key ingredient in skincare and haircare formulations. Cosmetics and Beauty Care dominates the Argan Oil Market as the largest application segment, accounting for approximately 55% of the global market share in 2025, driven by widespread incorporation of argan oil into premium skincare, haircare, and cosmetic products due to its rich fatty acid and vitamin E content.
Key Market Trends & Highlights
The Argan Oil Market is experiencing robust growth driven by rising demand for organic products and innovative applications.
- North America remains the largest market for argan oil, driven by increasing consumer awareness of its health benefits.
- The Asia-Pacific region is the fastest-growing market, reflecting a surge in demand for natural and organic products.
- The cosmetic segment continues to dominate, while the food segment is witnessing rapid growth due to changing consumer preferences.
- Key market drivers include the rising popularity of argan oil in cosmetic applications and the increasing focus on sustainability and ethical sourcing.
Market Size & Forecast
| 2024 Market Size | 371.0 (USD Million) |
| 2035 Market Size | 1220.0 (USD Million) |
| CAGR (2025 - 2035) | 11.5% |
Major Players
Argan Oil Morocco (MA), Kahina Giving Beauty (US), Josie Maran Cosmetics (US), Heritage Store (US), Aura Cacia (US), The Ordinary (CA), Pura D'or (US), Acure Organics (US), Eden's Semilla (US)