Argan Oil Industry Size, Share & Trends Report 2024-2032

• Posted by preeti mmr Aug 4 Filed in Other #Argan Oil Industry  #Argan Oil Industry Insights  #Argan Oil Industry News  #Argan Oil Industry Growth  102 views
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  Market Estimation & Definition

  Argan Oil Industry, size was valued at USD 413.17 Million in 2024 and the total Argan Oil revenue is expected to grow at a CAGR of 9.8% from 2025 to 2032, reaching nearly USD 872.88 Million.

  Market Overview

  Argan oil is a natural plant oil extracted from the kernels of the argan tree, which is native to Morocco. It's often referred to as "liquid gold" due to its rich golden color and numerous health and cosmetic benefits. Argan oil is renowned for its moisturizing and nourishing properties, making it a popular ingredient in skincare and haircare products. Rich in antioxidants, vitamins (such as vitamin E), and essential fatty acids, argan oil is known to hydrate and soften the skin, reduce inflammation, and protect against environmental damage. It's also used to improve the condition of hair, making it smoother, shinier, and more manageable. Annual production of argan oil is around 4000 T/oil. While numerous products (cooking oil, cosmetic oil, creams, soaps, etc.) are manufactured and marketed, only 10% of national production is exported. Most of the profits from the worldwide sale of argan oil transformed products do not reach the local community.

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  Market Dynamics

  Growing Demand for Natural and Organic Skincare to boost Argan Oil Market growth

  There has been a significant shift in consumer preferences towards natural and organic skincare products. Argan oil, with its rich antioxidant and moisturizing properties, has emerged as a favored ingredient in such formulations. Consumers are increasingly seeking alternatives to chemical-laden products, driving the demand for natural solutions like argan oil, which is expected to boost the Argan Oil Market growth. As consumers become more educated about the benefits of argan oil for skin and hair health, the demand for products containing this ingredient continues to rise. Argan oil is known for its hydrating, nourishing, and anti-inflammatory properties, making it suitable for a wide range of skincare and haircare applications. This increased awareness of its benefits fuels demand in the market.

  Market Growth Drivers & Opportunity

  Key drivers fueling the argan oil market include the growing consumer preference for natural and organic beauty products, rising awareness of the oil’s dermatological benefits, and increasing application across skincare, haircare, and therapeutic uses. The surge in demand for anti-aging and chemical-free solutions is amplifying the adoption of argan oil in cosmetic formulations. Opportunities lie in the expanding e-commerce sector, which is bridging the gap between Moroccan cooperatives and global consumers. Furthermore, the increasing use of argan oil in culinary and nutraceutical applications is unlocking new growth avenues.

   

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  Segmentation Analysis

  by Type

  Conventional
  Organic

  by Form

  Absolute
  Concentrates
  Blends
  Others

  by Application

  Personal Care and Cosmetics
  Medical
  Aromatherapy
  Food
  Others

   

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  Regional Insight

  North America dominated the market in 2024 and is expected to hold the largest Argan Oil Market share over the forecast period. Increased use of bio-based cosmetics, personal care products, and aromatherapy goods significantly boost the North America Argan Oil Market growth. It is used in aromatherapy healing to promote the health of the body, spirit, and mind. Aromatherapy massage balances the body, reduces stress, and helps various body functions battle illnesses. As a result, aromatherapy goods have become popular in North America and are widely available in specialty stores and online shopping malls. Hair care products are expected to be in high demand as a result of increased innovation in hair styling techniques and consumer awareness regarding attractive looks, particularly in developed economies, such as North America.

  Leading Argan Oil Manufacturers include:

  1. Zineglob - Agadir, Morocco
  2. Arganfarm - Marrakech, Morocco
  3. Arganisme - Agadir, Morocco
  4. Argan Diva - Casablanca, Morocco
  5. Argane Aouzac - Essaouira, Morocco
  6. Moroccan Argan Oil - Marrakech, Morocco
  7. Argan Liquid Gold - London, United Kingdom
  8. Kahina Giving Beauty - New York, USA
  9. Josie Maran Cosmetics - Los Angeles, USA
  10. SheaMoisture - Amityville, USA
  11. Acure Organics - Fort Lauderdale, USA
  12. Pura D'or - Los Angeles, USA
  13. ArtNaturals - Los Angeles, USA
  14. The Ordinary - Toronto, Canada
  15. John Masters Organics - New York, USA
  16. Avalon Organics - Petaluma, USA
  17. OGX Beauty - Los Angeles, USA
  18. Desert Essence - Hauppauge, USA
  19. Sky Organics - Tampa, USA
  20. InstaNatural - Orlando, USA

   

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