Global Argan Oil Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Natural and Organic.By Application;
Personal Care & Cosmetics, Medical, Aromatherapy, Food and Cleaning & Home.By Distribution Channel;
Supermarket/Hypermarket, Specialty Retailer, Online Stores and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Argan Oil Market (USD Million), 2021 - 2031
In the year 2024, the Global Argan Oil Market was valued at USD 198.25 million. The size of this market is expected to increase to USD 331.06 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.6%.
The global argan oil market has experienced remarkable growth in recent years, driven by increasing consumer awareness of its various benefits across multiple industries. Argan oil, derived from the kernels of the argan tree native to Morocco, has gained significant popularity in the beauty and cosmetics sector due to its rich nutrient profile and versatile applications. Its high content of antioxidants, essential fatty acids, and vitamin E has positioned it as a coveted ingredient in skincare, haircare, and personal care products worldwide.
Beyond the beauty industry, the culinary sector has also witnessed a surge in demand for argan oil, particularly in gourmet cuisine and health-conscious markets. With its distinctive nutty flavor and potential health benefits, including cardiovascular support and anti-inflammatory properties, argan oil has found its way into upscale kitchens and health food stores globally. This growing consumer interest in natural and organic products has fueled the expansion of the global argan oil market, with manufacturers and suppliers capitalizing on its diverse applications and market potential.
The sustainable production and fair trade practices associated with argan oil have contributed to its allure in the global market. The extraction process, traditionally performed by Berber women in Morocco, not only preserves the ecological balance of the argan forest but also supports the livelihoods of local communities. As consumers increasingly prioritize ethical and environmentally friendly products, the demand for sustainably sourced argan oil continues to grow, driving market expansion and encouraging the adoption of responsible sourcing practices throughout the supply chain.
Global Argan Oil Market Recent Developments
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In May 2021, the cosmetic and personal care industry saw a spike in demand for argan oil due to its natural hydrating properties, prompting companies to increase their sourcing from Morocco.
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In August 2023, sustainable harvesting practices were adopted by key suppliers, boosting production while addressing environmental concerns and supporting fair trade initiatives.
Segment Analysis
The global argan oil market exhibits diverse segmentation across various parameters, including type, application, distribution channel, and geography, reflecting the widespread use and demand for this versatile product. Segmented by type, the market bifurcates into natural and organic variants, catering to consumers' preferences for products free from synthetic additives and chemicals. This segmentation underscores the growing trend towards organic and natural formulations in both the beauty and culinary sectors, where purity and authenticity are paramount.
In terms of application, the argan oil market encompasses a wide range of industries, including personal care & cosmetics, medical, aromatherapy, food, and cleaning & home products. The versatility of argan oil as a key ingredient in skincare, haircare, and spa treatments positions it prominently within the personal care & cosmetics segment. Meanwhile, its potential therapeutic properties have led to its integration into medical formulations, aromatherapy blends, and dietary supplements, further expanding its market reach across diverse consumer segments.
The distribution channel segmentation highlights the various avenues through which consumers access argan oil products. These channels include supermarkets/hypermarkets, specialty retailers, online stores, and other retail outlets. With the growing prevalence of e-commerce and online shopping, the online stores segment has witnessed significant growth, offering consumers convenient access to a wide array of argan oil products from the comfort of their homes. Additionally, specialty retailers cater to niche markets seeking premium-quality argan oil products, while supermarkets/hypermarkets serve mainstream consumers looking for convenience and affordability.
Geographically, the global argan oil market spans regions such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, each presenting unique opportunities and challenges. While North America and Europe dominate in terms of consumption and market penetration, the Asia Pacific region exhibits immense growth potential, driven by increasing awareness of natural beauty products and rising disposable incomes. Meanwhile, the Middle East and Africa, as the native region of the argan tree, play a crucial role in production and export, with local communities benefiting from the sustainable harvesting and processing of argan oil. Latin America presents emerging opportunities for market expansion, propelled by growing consumer interest in exotic ingredients and wellness products.
Global Argan Oil Segment Analysis
In this report, the Global Argan Oil Market has been segmented by Type, Application, Distribution Channel and Geography.
Global Argan Oil Market, Segmentation by Type
The Global Argan Oil Market has been segmented by Type into Natural and Organic.
Natural argan oil, derived from the kernels of the argan tree through traditional extraction methods, retains its authentic properties and is sought after for its purity and potency. This type of argan oil appeals to consumers looking for a natural alternative in skincare, haircare, and culinary applications, where the focus is on harnessing the oil's inherent benefits without the interference of artificial substances.
On the other hand, organic argan oil is produced from kernels that have been sourced from organically grown argan trees, cultivated without the use of synthetic fertilizers, pesticides, or genetically modified organisms (GMOs). This type of argan oil aligns with the preferences of eco-conscious consumers who prioritize sustainability, environmental stewardship, and health. Organic certification ensures that the entire production process, from cultivation to extraction, adheres to strict organic standards, providing consumers with assurance regarding the purity and integrity of the final product.
The segmentation into natural and organic types reflects the evolving market dynamics shaped by shifting consumer preferences towards cleaner, more sustainable products. While natural argan oil caters to consumers seeking authenticity and traditional methods of production, organic argan oil meets the demand for environmentally friendly, ethically sourced products that promote both personal wellness and environmental conservation. As the global market for argan oil continues to expand, the availability of both natural and organic variants offers consumers a choice that aligns with their values and lifestyle preferences.
Global Argan Oil Market, Segmentation by Application
The Global Argan Oil Market has been segmented by Application into Personal Care & Cosmetics, Medical, Aromatherapy, Food and Cleaning & Home.
This segment represents one of the primary applications of argan oil, where it is extensively used in skincare, haircare, and cosmetic products. Argan oil's high concentration of antioxidants, essential fatty acids, and vitamins make it a prized ingredient in moisturizers, serums, shampoos, conditioners, and anti-aging formulations. Its hydrating, nourishing, and rejuvenating properties make it highly sought after by consumers looking for natural and effective solutions for their beauty needs.
Argan oil's potential therapeutic benefits have led to its utilization in medical applications. It is used in the formulation of pharmaceuticals, ointments, and treatments for various skin conditions such as eczema, psoriasis, and acne. Additionally, argan oil's anti-inflammatory and healing properties make it valuable in wound care and as a soothing agent for irritated skin.
In the realm of aromatherapy, argan oil serves as a carrier oil for essential oils, facilitating their absorption into the skin during massages and aromatherapy sessions. Its light texture, mild aroma, and nourishing properties make it an ideal base for blending with essential oils for relaxation, stress relief, and therapeutic purposes.
Argan oil is also gaining traction in the culinary industry, where it is used for its unique flavor profile and nutritional benefits. In gourmet cuisine, argan oil adds a distinct nutty taste to dishes and salads, enhancing their flavor and aroma. Additionally, argan oil is valued for its high content of unsaturated fatty acids and antioxidants, making it a healthy choice for cooking and as a drizzling oil.
Beyond personal care and culinary applications, argan oil is finding its way into cleaning and home products. Its emollient properties make it suitable for use in natural cleaning solutions, furniture polishes, and leather conditioners, offering a sustainable and eco-friendly alternative to conventional chemical-based products.
Global Argan Oil Market, Segmentation by Distribution Channel
The Global Argan Oil Market has been segmented by Distribution Channel into Supermarket/Hypermarket, Specialty Retailer, Online Stores and Others.
Supermarkets and hypermarkets represent traditional brick-and-mortar retail outlets where consumers can find a wide range of argan oil products alongside other groceries and household items. These large-scale retail chains offer convenience and accessibility, making argan oil readily available to mainstream consumers seeking everyday beauty and wellness products.
Specialty retailers focus on offering a curated selection of premium-quality argan oil products to discerning consumers who prioritize authenticity, purity, and efficacy. These boutique stores, health food shops, and beauty boutiques cater to niche markets seeking specialized formulations and natural ingredients. Specialty retailers often provide personalized service and expertise, catering to consumers with specific preferences and requirements.
The rise of e-commerce has transformed the distribution landscape, enabling consumers to purchase argan oil products conveniently from online stores. E-commerce platforms, including dedicated websites, marketplaces, and beauty retailers, offer a wide selection of argan oil products with the convenience of doorstep delivery. Online stores provide consumers with access to a diverse range of brands, formulations, and price points, catering to a global audience and facilitating easy comparison shopping.
The others category encompasses various alternative distribution channels, including pharmacies, drugstores, direct sales, beauty salons, and spas. These channels serve as additional points of access for consumers seeking argan oil products in specialized settings or through direct sales channels. Pharmacies and drugstores may offer argan oil-based skincare products alongside pharmaceuticals, while beauty salons and spas may incorporate argan oil treatments into their services, providing consumers with experiential opportunities to discover the benefits of argan oil firsthand.
The segmentation by distribution channel reflects the diverse retail landscape through which argan oil products are marketed and sold, accommodating the preferences and shopping habits of different consumer segments. Whether consumers prefer the convenience of supermarket shelves, the personalized service of specialty retailers, the accessibility of online shopping, or the experiential offerings of alternative channels, the global argan oil market offers multiple avenues for consumers to discover and purchase their desired products.
Global Argan Oil Market, Segmentation by Geography
In this report, the Global Argan Oil Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Argan Oil Market Share (%), by Geographical Region, 2024
In North America, argan oil enjoys popularity primarily within the personal care and cosmetics industry, driven by consumer demand for natural and organic beauty products. The region's affluent population and strong consumer awareness of skincare trends contribute to robust market growth. Additionally, the culinary sector in North America is increasingly embracing argan oil for its unique flavor profile and health benefits, further driving market expansion. Online retail channels play a significant role in distributing argan oil products across the region, offering consumers convenient access to a wide range of options.
Europe represents another significant market for argan oil, particularly in countries like France, Germany, and the United Kingdom. The region's sophisticated beauty industry places a premium on natural and organic ingredients, making argan oil a sought-after ingredient in skincare, haircare, and spa products. European consumers are increasingly inclined towards sustainable and ethical sourcing practices, driving demand for certified organic argan oil. Specialty retailers and online stores cater to the growing demand for premium-quality argan oil products, while supermarkets also stock a variety of options to meet mainstream consumer needs.
The Asia Pacific region presents immense growth potential for the argan oil market, fueled by increasing consumer awareness of its benefits and rising disposable incomes. In countries like Japan, South Korea, and China, argan oil is gaining popularity in the beauty and personal care sector, with consumers seeking natural alternatives for skincare and haircare. E-commerce platforms play a pivotal role in facilitating market penetration, offering a convenient avenue for consumers to explore and purchase argan oil products. Additionally, the culinary industry in the Asia Pacific is gradually incorporating argan oil into gourmet cuisine, further diversifying its applications.
The Middle East and Africa hold a significant position in the global argan oil market. Morocco, in particular, serves as a key production hub, with the argan oil industry providing economic opportunities for local communities. Argan oil holds cultural significance in the region and is traditionally used for culinary and cosmetic purposes. The Middle East and Africa also contribute to global argan oil exports, supplying raw materials and finished products to markets worldwide.
Latin America represents an emerging market for argan oil, with growing consumer interest in natural beauty products and wellness trends. Countries like Brazil, Argentina, and Mexico are witnessing increased demand for argan oil-based skincare and haircare products, driven by a desire for premium-quality formulations. Online retail channels and specialty beauty stores cater to the needs of Latin American consumers, offering a diverse selection of argan oil products tailored to local preferences and trends.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Argan Oil Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Beauty and cosmetics industry
- Natural and organic skincare trends
- Rising consumer awareness
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Health benefits - The health benefits of argan oil have garnered significant attention, contributing to its popularity and demand across various industries. Rich in antioxidants, argan oil helps combat free radicals, which can cause cellular damage and contribute to aging and disease. These antioxidants, including vitamin E and polyphenols, support skin health by neutralizing oxidative stress, reducing inflammation, and promoting collagen production, resulting in improved skin elasticity, hydration, and overall complexion. Moreover, argan oil's anti-inflammatory properties make it beneficial for soothing skin conditions such as eczema, psoriasis, and acne, providing relief from itching, redness, and irritation.
Beyond skincare, argan oil offers numerous health benefits when consumed internally. With its high content of unsaturated fatty acids, including oleic and linoleic acids, argan oil supports heart health by lowering LDL cholesterol levels and reducing the risk of cardiovascular disease. Additionally, argan oil's anti-inflammatory properties may help alleviate symptoms of arthritis and other inflammatory conditions. Its rich nutrient profile, including vitamin E and essential nutrients, also contributes to overall well-being by supporting immune function, improving digestion, and enhancing nutrient absorption.
Argan oil's versatility extends to its potential therapeutic applications. In aromatherapy, argan oil serves as a carrier oil for essential oils, facilitating their absorption into the skin during massages and inhalation therapies. Its mild, nutty aroma and lightweight texture make it an ideal base for blending with essential oils for relaxation, stress relief, and mood enhancement. Additionally, argan oil's moisturizing and nourishing properties make it suitable for scalp massages, promoting hair growth, and improving scalp health. Overall, the health benefits of argan oil underscore its value as a holistic ingredient with multifaceted applications in skincare, nutrition, and wellness.
Restraints
- Limited supply
- Fragile ecosystem
- Climate change impact
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Environmental degradation - Environmental degradation poses a significant challenge to the sustainability of the argan oil industry, particularly in the argan forest regions of Morocco where the argan tree is native. Deforestation, driven by agricultural expansion, urbanization, and illegal logging, threatens the fragile ecosystem of the argan forest, jeopardizing the natural habitat of the argan tree and endangering biodiversity. As the primary source of argan oil, the preservation of the argan forest is essential for maintaining the long-term viability of the argan oil industry and the livelihoods of local communities dependent on its resources.
Soil erosion, water scarcity, and desertification further exacerbate environmental degradation in argan-producing regions, posing challenges to sustainable land management and agricultural practices. Climate change exacerbates these environmental pressures, leading to unpredictable weather patterns, droughts, and heatwaves that impact the growth and health of the argan tree. The loss of vegetation cover and soil fertility not only diminishes the ecosystem services provided by the argan forest but also undermines its capacity to sequester carbon and mitigate climate change.
Addressing environmental degradation in argan-producing regions requires concerted efforts to promote sustainable land management practices, reforestation initiatives, and community-based conservation efforts. Sustainable harvesting techniques, such as pruning instead of clear-cutting, can help preserve the argan forest while ensuring the long-term productivity of argan tree groves. Additionally, supporting local cooperatives and implementing fair trade practices can empower communities to participate in conservation efforts while improving their socio-economic resilience. By safeguarding the natural habitat of the argan tree and mitigating environmental degradation, the argan oil industry can contribute to biodiversity conservation, climate resilience, and sustainable development in argan-producing regions.
Opportunities
- Market expansion in emerging economies
- Increasing demand for natural and organic products
- Product diversification
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Expansion into new application areas - Expansion into new application areas presents a promising opportunity for the global argan oil market, leveraging its versatile properties and increasing consumer demand for natural and sustainable products. While traditionally known for its use in skincare and culinary applications, argan oil is increasingly finding its way into various industries, including:
The haircare industry represents a significant opportunity for argan oil expansion. Argan oil's nourishing and moisturizing properties make it ideal for treating dry, damaged hair, reducing frizz, and promoting shine. Haircare products such as shampoos, conditioners, serums, and styling treatments infused with argan oil cater to consumers seeking natural solutions for healthy, lustrous hair.
The use of argan oil as a dietary supplement is gaining traction due to its high content of essential fatty acids, antioxidants, and vitamins. Argan oil capsules or liquid supplements offer potential health benefits, including cardiovascular support, anti-inflammatory effects, and skin health enhancement. Nutraceutical companies are exploring the incorporation of argan oil into their product lines to capitalize on its nutritional value and wellness benefits.
Argan oil's therapeutic properties make it a promising ingredient in pharmaceutical formulations for skincare and wound healing. Topical ointments, creams, and lotions containing argan oil may help alleviate symptoms of various skin conditions, including eczema, psoriasis, and acne. Pharmaceutical companies are exploring the development of argan oil-based treatments for dermatological disorders and wound care management.
Competitive Landscape Analysis
Key players in Global Argan Oil Market include;
- Oriental Group
- SARL AU
- ARGANisme
- Bio Agadir
- Arganfarm
- Malakbio
- OLVEA
- ZINEGLOB
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
- Global Argan Oil Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Beauty and cosmetics industry
- Natural and organic skincare trends
- Rising consumer awareness
- Health benefits
- Restraints
- Limited supply
- Fragile ecosystem
- Climate change impact
- Environmental degradation
- Opportunities
- Market expansion in emerging economies
- Increasing demand for natural and organic products
- Product diversification
- Expansion into new application areas
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Argan Oil Market, By Type, 2021 - 2031 (USD Million)
- Natural
- Organic
- Global Argan Oil Market, By Application, 2021 - 2031 (USD Million)
- Personal Care & Cosmetics
- Medical
- Aromatherapy
- Food
- Cleaning & Home
- Global Argan Oil Market, By Distribution Channel, 2021 - 2031 (USD Million)
- Supermarket/Hypermarket
- Specialty Retailer
- Online Store
- Others
- Global Argan Oil Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Argan Oil Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Oriental Group
- SARL AU
- ARGANisme
- Bio Agadir
- Arganfarm
- Malakbio
- OLVEA
- ZINEGLOB
- Company Profiles
- Analyst Views
- Future Outlook of the Market