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Global Argan Oil Market
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Global Argan Oil Market 2024–2033

Market size, share and growth analysis by type, form, application and distribution channel, across all major regions and key countries, with forecasts for 2022–2030. The competitive landscape profiles 9+ companies.

  • Updated:
  • Report ID:21468
  • Author:Ayush Kadam
  • 220+ Pages
  • 9+ Companies
  • Base year 2021
  • Forecast 2022-2030
  • Global coverage
USD 344 Mn
Market size, 2022
USD 750 Mn
Forecast, 2030
10%
CAGR, 2022-2030
Europe
Largest region
Asia-Pacific
Fastest-growing region
OverviewTable of ContentsSegmentsCompany Listing

The global argan oil market was valued at USD 344 Mn in 2022 and is projected to reach USD 750 Mn by 2030, growing at a CAGR of 10%. Europe is the largest regional market and Asia-Pacific is growing fastest.

Reports Description

According to Custom Market Insights (CMI), The Global Argan Oil Market was estimated at USD 300 million in 2021 and is anticipated to reach around USD 750 million by 2030, growing at a CAGR of roughly 10% between 2022 and 2030.

Our research report offers a 360-degree view of the Argan Oil market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Argan Oil market.

Argan Oil Market Size 2022 to 2030

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  • Argan oil is a product made from the kernels of the argan tree. Linoleic acid, triterpenoids, antioxidants, omega-6 fatty acids, and vitamins A & E are all in large concentrations. The oil is commercially available in concentrated, absolute, and blended versions for cooking and cosmetics. It can be consumed orally or topically for various health advantages, including the treatment of stretch marks, aging symptoms, acne, and skin irritation. As a result, a wide variety of high-end personal care products, including creams, lotions, serums, shampoos, conditioners, and soaps, include oil.
  • In the cosmetics and personal care sectors, argan oil has emerged as one of the most popular items. This is explained by their cutting-edge qualities, which include significant antioxidant and anti-inflammatory content as well as other noteworthy advantages for skincare and haircare. Over the past few years, there has also been an increase in the usage of men's grooming products such as shower gels, hair & beard oils, skin lotions, and waxes enriched with argan and other essential oils.
  • The COVID-19 epidemic had a detrimental effect on the global argan oil market since production was halted as a result of social alienation policies adopted by governments. During this period, the supply chain was significantly compromised, which prevented the market from growing. The market was in a condition of stagnation for the first two quarters of 2020. Huge drops in revenue were also brought on by significant drops in global demand. However, the market resumed its regular growth trend in the first quarter of 2021. However, there was an increase in demand for personal hygiene and home care goods as a result of greater consumer awareness during the COVID-19 epidemic. Due to the pandemic, consumers are now more aware of the value of maintaining personal and household hygiene.

Report Scope

The global Argan Oil market research report offers an in-depth analysis of the global market size, which is further segmented into regional and country-level market size, and segmentation market growth. Also, it provides market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations. The scope of the study includes market sizing and forecast for segmentation by, type, form, distribution channel, application, and geography.

Feature of the Report Details
Market Size in 2021 USD 300 Million
Projected Market Size in 2030 USD 750 Million
Market Size in 2022 USD 344 Million
CAGR Growth Rate 10% CAGR
Base Year 2023
Forecast Period 2024-2033
Prominent Players OLVEA Morocco, Zineglo Saadia Organics, ARGANisme Cosmetics S.A.R.L, Essence Of Argan, Argan Diva, Biopur, Josie Maran Cosmetics, Nadifi Argan, Argan Liquid Gold, and Others
Key Segment By Type, Form, Application, Distribution Channel, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Market Dynamics

  • Argan oil is a key component in the personal care and cosmetics industries. The ingredient is increasingly common in various cosmetic formulae, including serums, lip balms, lip tints, and face oils, due to its anti-aging properties. L'Oréal, Lakmé, and Sephora are among the companies that have developed a range of cosmetics containing argan oil. As customer tastes for natural and organic products rise, there will likely be a rise in the demand for argan oil in cosmetic items.
  • It is projected that rising demand from the food, cosmetics, and medical industries will fuel the argan oil market expansion. There has been a restricted supply of the product because production is only permitted in the Moroccan region due to the local climate, but demand is growing quickly. Argan oil's growing appeal and the advantages it offers have encouraged global R&D efforts as well as the emergence of numerous businesses. Arganic Ltd., IZIL Beauty, and KENZA International Beauty are a few of the firms working on creating and distributing goods containing and made using argan oil. Over the course of the projection period, these variables are anticipated to fuel demand for argan oil.
  • All potentially harmful ingredients are completely absent from organic products. Over the past several years, demand for organic personal care products has surged as a result of growing consumer awareness of the many benefits these products have over their synthetic equivalents. Consumers are becoming more conscious of how they look, placing a premium on having youthful-looking, healthy skin. This trend is anticipated to increase consumer demand for natural cosmetics and personal care items, which will benefit the argan oil market.

North America Region Dominated the Argan Oil Market in 2021

  • Due to the rising demand for biobased cosmetics, personal care products, and aromatherapy, the North American region dominated the global market for argan oil in 2021. There is a strong propensity for using beauty products in the region. Argan oil is used in aromatherapy to enhance the body, mind, and individual spirit. Most of the individuals in this area use aromatherapy massages. It keeps the body in equilibrium and aids in the fight against illnesses. They are widely offered in specialized stores and internet retailers.
  • Due to the inclusion of high-performance components, including vitamin E, beta-amyrin, omega 6, omega 3, Butyrospermum, triterpenoids, lupeol, and tocopherols in argan oil, the U.S. market for argan oil is expanding and becoming more significant.
  • The anti-inflammatory and antibacterial properties of the human body are strengthened by these components, which also speed up cell growth. The overall market expansion in the United States is anticipated to be aided by favorable regulatory conditions as well as technological innovation aimed at improving chemical and microbiological quality.

Competitive Landscape

Due to the huge number of firms operating in Morocco, the market is highly fragmented. In numerous cooperatives in Morocco, women work as producers and carriers of the goods, which are then processed further in refineries.

A network of connections between the manufacturer, trader, and distributor has developed as a result of exporting the goods to regions with rapid economic growth, such as Europe and North America. Manufacturers have embraced business operations of import and export to compete with middlemen's prices. A sizable number of firms are selling through their own online retail stores and have evolved into specialty merchants in order to maximize product sales and deepen their penetration into the consumer market.

  • 2022: With the introduction of the new Colorfix Hair Color Remover, One 'n Only expands its line of color removal solutions. It successfully eliminates semi-permanent hair color while nourishing and protecting strands from damage and is made with 100% argan oil.
  • 2021: The new anti-dandruff shampoo and hair serum from Lass Naturals are supplemented with argan oil, broccoli seed oil, baobab, and ratanjot.

List of the prominent players in the Global Argan Oil Market:

  • OLVEA Morocco
  • Zineglo Saadia Organics
  • ARGANisme Cosmetics S.A.R.L
  • Essence Of Argan
  • Argan Diva
  • Biopur
  • Josie Maran Cosmetics
  • Nadifi Argan
  • Argan Liquid Gold

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Global Argan Oil Market 2024–2033

Updated: August 2026 · Formats: PDF, Excel, PPT

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Frequently asked questions

Which region will dominate the global Argan Oil market?

"Asia Pacific" region will lead the global Argan Oil market during the forecast period 2022 to 2030.

Which are the driving factors of the Argan Oil market?

The key factors driving the market are rising demand in cosmetics and personal care industries & advantages of organic.

Who are the top players operating in the Argan Oil market?

The key players operating in the Argan Oil market are OLVEA Morocco, Zineglo Saadia Organics, ARGANisme Cosmetics S.A.R.L, Essence Of Argan, Argan Diva, Biopur, Josie Maran Cosmetics, Nadifi Argan, Argan Liquid Gold.

What will be the CAGR of global Argan Oil market?

The global Argan Oil market is expanding growth with a CAGR of approximately 10% during the forecast period (2022 to 2030).

What is the existing size of Argan Oil market?

The global Argan Oil market size was valued at USD 300 Million in 2021 and it is projected to reach around USD 750 Million by 2030.

Meet the team

Ayush Kadam

Ayush Kadam

Author · Sr. Research Analyst

Ayush Kadam is a Senior Market Research Analyst at Custom Market Insights, with over seven years of experience in syndicated and custom market research. He specializes in market sizing, competitive intelligence, industry trends, forecasting, and strategic insights, helping clients turn complex data into actionable business decisions.

Read more about Ayush Kadam

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