Argan Oil Market Research Report- Forecast till 2030

Argan Oil Market Size, Share Industry Research Report: Information by Category (Organic and Conventional), by Application (Food (Bakery & Confectionery, Dairy & Frozen Desserts, Sweet & Savory Snacks and Others), Pharmaceuticals & Nutraceuticals, Cosmetics & Personal care and Others) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2030

ID: MRFR/CR/2487-HCR | 110 Pages | Author: Snehal Singh | February 2024         

Argan Oil Market Speak to Analyst Request a Free Sample

Argan Oil Market Overview

The argan oil market is expected to gain a market value of USD 427.05 million by 2030 at a CAGR of 20.38% over the forecast period of 2022-2030.


The kernels of the argan tree are used to make argan oil, an organic material. It contains significant amounts of omega-6 fatty acids, antioxidants, triterpenoids, linoleic acid, and vitamins A & E. The oil is offered commercially in concentrated, absolute, and blended forms for use in cooking and cosmetics. For several health benefits, such as treating acne, skin irritation, stretch marks, and aging signs and moisturizing the skin, it can be taken as a supplement tablets or applied topically. The oil is, therefore, present in a large selection of high-end personal care items, such as creams, serums, lotions, shampoos, soaps, and conditioners.


In the personal care and cosmetics industries, argan oil is an active ingredient. Due to its anti-aging qualities, the substance is becoming increasingly popular in various cosmetic formulas such as serums, lip tints, lip balms, and face oils. According to UNIDO, argan oil exports from Morocco have increased by more than 200% to more than 700 tons over the last five years, with a large portion going to companies that produce skin and hair care products, such as L'Oréal and Unilever. The demand for argan oil in cosmetic goods is expected to increase as consumers' preferences for natural and organic products grow. Rising demand from the food, cosmetics, and medical industries is expected to fuel market expansion. However, the high costs associated with research and development in underdeveloped countries are a significant growth limiting factor in the market.


COVID-19 Analysis


The COVID-19 pandemic negatively impacted the argan oil market as production was stopped due to governments' social distancing policies. The supply chain was severely affected at this time, which limited market expansion. Throughout the first two quarters of 2020, the market was in a state of stagnation. Massive reductions in global demand also caused a significant drop in revenue. But in the first quarter of 2021, the market resumed its typical growth trajectory. However, due to increased consumer awareness during the COVID-19 pandemic, there was an increase in demand for personal hygiene and home care products. The pandemic has increased consumer awareness of the importance of maintaining personal and household hygiene to lower infection risk.


Market Dynamics


Drivers- the rise of consciousness about beauty is increasing the demand for argan oil market. Argan oil is in high demand in confectionaries, frozen desserts, sweets, and snacks that help in adding flavor to these items thus enhancing growth. Nowadays, people mostly prefer to consume flavored items as per the present argan oil industry trend thus boosting up the market growth. Argan oil is used in most beauty products and has boosted up the argan oil market growth.


Opportunities- using argan oil in hair and skin makes it healthy as argan oil has many antioxidant properties and is rich in vitamin E, omega-6, omega-3 fatty acids, and triterpenoids thus increasing the opportunities for expansion of argan oil market size.  It helps in reducing inflammation, acne, avoids the appearance of stretch marks, and helps in moisturizing the skin which increases the global market value and argan oil market size.


Challenges- Adulterine the argan oil by local manufacturers becomes the major challenging factor thus hindering the growth of the market. Government certification and standardization of authorities often become a challenging factors. The use of traditional techniques for the extraction of argan oil market is less efficient and less productive which is the most productive factor.


Cumulative growth- the first category of argan oil named culinary oil is used for cooking and gives a sweet flavor to the food when cooked. It is marked that it provides certain health benefits like curing acne, skin irritation, and aging. All these factors add to the cumulative growth of the global market. The argan oil market growth attributes to rising product demand particularly in end-user industries such as food, personal care, and medications. Growth in popularity of argan oil products along with certain policies in those developing countries contributes towards the expansion of global market size.


Restraints- the use of argan oil in certain therapy processes along with the expansion of expenditure capacities of the consumers hinders the argan oil market growth.


Value Chain Analysis


The invention of new products and then exporting the product to dominant markets like Europe and North America has increased in the distribution channel of the manufacturer, trader, and distributor relationships. To make the products available at low prices manufacturers adapt themselves to adopt the business operations of import and export. To increase the product sale and raise the penetration into the argan oil market, a large number of competitors are selling through their retail stores and have engaged in with specialty retailers.


Segment Overview


By Type- globally the argan oil market is classified into category, application, and region. Baes on the category, the global market is split into organic and conventional. Based on application, the argan oil market is categorized into food, pharmaceuticals, nutraceuticals, cosmetics, and other beauty products. The food division part is further segmented into bakery and confectionary, dairy and frozen dessert, sweet and savory foods, and many more. From argan oil market analysis it was noted that the market is famous in developing regions of North America, Europe, Asia Pacific, and other rest regions of the world. The North American market is further split into the United States, Canada, and Mexico. The European market is further classified into the United Kingdom, France, Germany, Italy, Spain, and the rest of the European regions. Asia-Pacific includes the regions of China, India, Australia, Japan, New Zealand, and the rest of the European regions. From the argan oil market outlook, it is marked that such division helps in market growth.


By technology- in old times, it was marked that argan oil was being extracted from kernels but due to advancements of technology, advanced machines are being used which saves time and ensures quality production of argan oil. Due to technology, researchers researched well on argan oil and thus it was attributed to various advanced properties anti-inflammatory and many more. The advancement also led to the discovery of grooming products for men. Some of them include shower gels, hair products, and beard oil. Some of the cargo oil products also include skin creams and waxes.


Regional Analysis


From the argan oil market outlook, it was noted that North America is regarded as the most dominant region covering a large area of argan oil market share. People here are very much inclined towards using beauty products. Using argan oil in aromatherapy is used to improve the body, mind, and own personal spirit. An aromatherapy massage is mostly used by the people of this region. It helps in fighting body infections and maintains the balance of the body. They are prominently available in online shopping shops and other specialist shops. The Middle East and African regions are much more involved in commercial-scale production.


Competitive Landscape


The Argan oil market is specially segmented as there are numerous players present who engage in producing and transporting the argan oil to refineries for further processing. Some of the market players are Olvea Group of France, ARGANisme Cosmetics S.A.R.L of Morocco, Biopur Sarl of Morocco, Zineglob ltd of Morocco, Purus International of Morocco, Malak Bio of Morocco, L'OCCITANE Group Melvita of France, Nadifi Argan oil of Morocco, Argan Gold Liquid of United Kingdom, Frontier Natural Products Co-op ltd of United States, John Masters Organics Inc of United States, Vima Seuss of Morocco, Conai Corporation of United States and Zit Siddi Yassine Sarl of Morocco.Recent Development



  • In December 2021, L'Oréal Paris debuted NFTs for the launch of new argan oil and vitamin E-contained lipstick.

  • In July 2021, Lass Naturals introduced their new hair serum and anti-dandruff Shampoo enriched with broccoli seed oil, argan oil, baobab, and ratanjot.

  • In August 2017, Lakme Absolute announced the launch of the Argan Oil range of skincare and makeup products.


Report Overview


The report provides a comprehensive study about market penetration and provides in-depth information of emerging markets and provides a good analysis about the market development. It summarises the market diversification like launching of the new product, recent developments, and expenses. It provides a detailed analysis of the competitive landscape and the major shares covered by the developing regions. It provides a good assessment of future technologies and the strategies put forward by the key players.

Report Scope:

Report Attribute/Metric Details
  Market Size   USD 427.05 Million
  CAGR   20.38% (2022โ€“2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Category, Application and region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Olvea Group of France, ARGANisme Cosmetics S.A.R.L of Morocco, Biopur Sarl of Morocco, Zineglob ltd of Morocco, Purus International of Morocco, Malak Bio of Morocco, L'OCCITANE Group Melvita of France, Nadifi Argan oil of Morocco, Argan Gold Liquid of United Kingdom, Frontier Natural Products Co-op ltd of United States, John Masters Organics Inc of United States
  Key Market Opportunities   helps in reducing inflammation, acne, avoids the appearance of stretch marks
  Key Market Drivers   Rise of consciousness about beauty, High demand in confectionaries frozen desserts sweets and snacks




Frequently Asked Questions (FAQ) :

From 2022 to 2030, the Argan Oil Market can grow at a rate of 20.38%.

The Argan Oil Market is projected to touch USD 427.05 million in the years ahead.

The main factors responsible for the market growth are the rising beauty consciousness among consumers, and rising popularity of flavored food items.

Applications of Argon Oil are pharmaceuticals & nutraceuticals, cosmetics & personal care and food.

Europe is set to take the lead in the global industry.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major playersโ€™ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Request Free Sample

Why Choose Market Research Future?

  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Speak to Analyst
Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response
Invalid