Argan Oil Market: By Type, By Form, By Application and Region Forecast 2019-2030

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Argan Oil Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Conventional, Organic), By Form (Absolute, Blend, Concentrate), By Application (Personal Care & Cosmetics, Medical, Aromatherapy, Food, Cleaning and Home & Others) and Region Forecast 2019-2030

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The argan oil market size was valued at US$ 348.7 million in 2023 and is projected to grow at 9.7% CAGR over the forecast years 2024 – 2030. Argan oil is an active component used in the personal care and cosmetics industries, because of its anti-aging properties, the material is getting more and more attention in a variety of cosmetic formulae, including face oils, lip tints, balms, and serums.

The key market driving factors of argon oil market are growing demand for natural and organic ingredients as consumers are mostly aware of the benefits of natural and organic ingredients in which argan oil is popular choice. Argan oil versatility is one more factors as it can be used for skin, hair and nails, new product innovations such as organic argan oil packaged recyclable containers are driving the growth.

Additionally, argan oil faces several restraints like adulteration using sunflower oil in the products, the high price of high quality argan oil can limit the market penetration and also the argan oil is labour intensive process which is also a challenging factor. Opportunities which are emerging in the argan oil market are growing demand in cosmetics preferring natural and organic products, more awareness about skin which brings demand in skincare and also using argan oil in food as flavouring in snacks, sweets etc. Furthermore, the key trends are increase in the demand of aromatherapy in coming forecast years, adoption of argan oil in pharmaceutical sector for anti- inflammatory, anti- oxidant and analgesic properties.

Key Developments

  • In July 2021, Lass Naturals introduced its latest hair serum and anti-dandruff shampoo , enhanced with ratanjot, baobab, broccoli seed oil, and argan oil.
  • In December 2021, L'Oréal Paris launched to a new line of vitamin E and argan oil-containing lipsticks to promote the paraben free products.

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Argan Oil Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

9.7%

Largest Market

Asia-Pacific

Fastest Growing Market

Asia-Pacific

Argan Oil Market Dynamics

Rising product demand from a range of end-use industries, such as the food and beverage, cosmetics, and medical sectors, accounts for the expansion. It has become one of the most well-liked products, especially in the personal care and cosmetics industries, their cutting-edge properties which include an excellent antioxidant and anti-inflammatory content along with other noteworthy benefits for skincare and haircare help to explain this. The cosmetics sector is expanding rapidly due to a number of causes, including changing lifestyle patterns, increased disposable incomes, and urbanisation. Argan oil market gains from this expansion as a vital component of skincare and haircare products. In order to adapt to the changing demands and tastes of their customers, beauty and personal care firms are introducing argan oil into their product formulas.

Argan Oil Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 348.7 million

Market CAGR

9.7%

By Type

  • Conventional
  • Organic

By Form

  • Absolute
  • Blend
  • Concentrate

By Application

  • Personal Care & Cosmetics
  • Medical
  • Aromatherapy
  • Food
  • Cleaning and Home
  • Others

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The argan oil market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

The global argan oil market size was valued at US$ 348.7 million in 2023 and is projected to grow at a CAGR of 9.7% from 2024-2030.

North America holds for the largest market share in argon oil market.

Increasing preference toward organic products, the rise in demand for argon line food items like desserts these will drive the argon oil market.

In personal care and cosmetics industries, the demand for argon oil as organic ingredient as become the key market trend in argon oil market.

The key market players in argon oil market are OLVEA, ARGANisme, Pure Argan Co., DSM, Malakbio, Lipidine

1.Executive Summary
2.Global Argan Oil Market Introduction 
2.1.Global Argan Oil Market  - Taxonomy
2.2.Global Argan Oil Market  - Definitions
2.2.1.Type 
2.2.2.Form
2.2.3.Application
2.2.4.Region
3.Global Argan Oil Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Argan Oil Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Argan Oil Market  By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Conventional
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Organic
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Argan Oil Market  By Form, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Absolute
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Blend
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Concentrate
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Argan Oil Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Personal Care & Cosmetics
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Medical
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Aromatherapy
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Food
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Cleaning and Home
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Others
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
8.Global Argan Oil Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Argan Oil Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Type  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Conventional
9.1.2.Organic
9.2.  Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Absolute
9.2.2.Blend
9.2.3.Concentrate
9.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Personal Care & Cosmetics
9.3.2.Medical
9.3.3.Aromatherapy
9.3.4.Food
9.3.5.Cleaning and Home
9.3.6.Others
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Argan Oil Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Conventional
10.1.2.Organic
10.2.  Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Absolute
10.2.2.Blend
10.2.3.Concentrate
10.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Personal Care & Cosmetics
10.3.2.Medical
10.3.3.Aromatherapy
10.3.4.Food
10.3.5.Cleaning and Home
10.3.6.Others
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Argan Oil Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Conventional
11.1.2.Organic
11.2.  Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Absolute
11.2.2.Blend
11.2.3.Concentrate
11.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Personal Care & Cosmetics
11.3.2.Medical
11.3.3.Aromatherapy
11.3.4.Food
11.3.5.Cleaning and Home
11.3.6.Others
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Argan Oil Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Conventional
12.1.2.Organic
12.2.  Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Absolute
12.2.2.Blend
12.2.3.Concentrate
12.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Personal Care & Cosmetics
12.3.2.Medical
12.3.3.Aromatherapy
12.3.4.Food
12.3.5.Cleaning and Home
12.3.6.Others
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Argan Oil Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Conventional
13.1.2.Organic
13.2.  Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Absolute
13.2.2.Blend
13.2.3.Concentrate
13.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Personal Care & Cosmetics
13.3.2.Medical
13.3.3.Aromatherapy
13.3.4.Food
13.3.5.Cleaning and Home
13.3.6.Others
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.OLVEA
14.2.2.ARGANisme
14.2.3.Pure Argan Co.
14.2.4.DSM
14.2.5.Malakbio
14.2.6.Lipidine
14.2.7.Argane Aouzac
14.2.8.Organica Group Ltd.
14.2.9.Arganfarm sarl. au.
14.2.10.Zidrop Argan Oil
14.2.11.ARGANBULK
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • OLVEA
  • ARGANisme
  • Pure Argan Co.
  • DSM
  • Malakbio
  • Lipidine
  • Argane Aouzac
  • Organica Group Ltd.
  • Arganfarm sarl. au.
  • Zidrop Argan Oil
  • ARGANBULK
  • OLVEA
  • ARGANisme
  • Pure Argan Co.
  • DSM
  • Malakbio
  • Lipidine
  • Argane Aouzac
  • Organica Group Ltd.
  • Arganfarm sarl. au.
  • Zidrop Argan Oil
  • ARGANBULK

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