Product Code: ETC13243890 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Argan Oil Market was valued at USD 5.6 Billion in 2024 and is expected to reach USD 10.4 Billion by 2031, growing at a compound annual growth rate of 5.98% during the forecast period (2025-2031).
The global Argan oil market is experiencing significant growth due to the rising demand for natural and organic beauty products. Argan oil, derived from the kernels of the Argan tree, is known for its numerous health and beauty benefits, including moisturizing properties and high levels of antioxidants. The market is driven by the growing consumer preference for chemical-free skincare products and the increasing awareness of the oil`s anti-aging and hair care benefits. The beauty and personal care industry is a key sector driving the demand for Argan oil, with applications in skincare, hair care, and cosmetics. The market is highly competitive, with key players focusing on product innovation, sustainable sourcing practices, and expanding distribution channels to capitalize on the growing demand for Argan oil across regions.
The Global Argan Oil Market is experiencing strong growth due to increasing consumer awareness about the benefits of argan oil in skincare, hair care, and food products. The rising popularity of natural and organic beauty products has driven demand for argan oil, known for its moisturizing and anti-aging properties. The market is also benefiting from the expanding use of argan oil in the pharmaceutical and food industries, thanks to its nutritional value and health benefits. Opportunities exist for market players to innovate and introduce new product formulations, such as argan oil-infused cosmetics and supplements, to cater to evolving consumer preferences. Additionally, strategic partnerships with retailers and online platforms can help companies expand their reach and capitalize on the growing demand for argan oil products globally.
The Global Argan Oil Market faces several challenges, including the limited geographical distribution of the argan tree, which is mainly found in Morocco, leading to supply constraints and potential environmental concerns due to overexploitation. Additionally, issues related to fraudulent labeling and adulteration of argan oil products pose a threat to the market`s integrity and consumer trust. The high production costs associated with the labor-intensive extraction process further hinder market growth, making argan oil products relatively expensive compared to other oils. Furthermore, the lack of standardized quality control measures and certifications in the industry contributes to market fragmentation and hampers consumer confidence. Overall, addressing these challenges through sustainable sourcing practices, regulatory frameworks, and industry collaboration will be crucial for the long-term success and sustainability of the Global Argan Oil Market.
The global Argan oil market is primarily driven by the increasing consumer awareness regarding the health benefits of Argan oil, such as its high levels of antioxidants, essential fatty acids, and anti-inflammatory properties. The growing demand for natural and organic skincare and haircare products is also a key driver, as Argan oil is widely used in cosmetics due to its nourishing and moisturizing properties. Moreover, the rising popularity of natural beauty products, coupled with the expanding availability of Argan oil-based products in retail outlets and online channels, is further fueling market growth. Additionally, the sustainable sourcing and production of Argan oil in Morocco, where the Argan tree is native, are contributing to the market`s expansion, as consumers are increasingly seeking environmentally friendly and ethically produced products.
Government policies related to the Global Argan Oil Market vary depending on the country of production. In Morocco, where the majority of argan oil is sourced, the government has implemented measures to protect the argan tree, such as designating the Arganeraie Biosphere Reserve. Additionally, the Moroccan government has established cooperatives to support local women in producing and selling argan oil, aiming to promote sustainable practices and economic development. In recent years, there have been efforts to regulate the argan oil market to prevent fraud and ensure authenticity, with the Moroccan government introducing quality control measures and certifications like the Protected Geographical Indication (PGI) for authentic Argan oil. Other countries producing argan oil also have their own regulations and policies in place to safeguard the industry and maintain quality standards.
The Global Argan Oil Market is expected to witness steady growth in the coming years, driven by increasing consumer awareness of the oil`s various health and beauty benefits. The rising demand for natural and organic skincare products, coupled with the growing popularity of argan oil in the cosmetic industry, will further fuel market expansion. Additionally, as consumers become more conscious of sustainable and ethically sourced products, the demand for authentic and high-quality argan oil is likely to rise. The market is also anticipated to benefit from the increasing use of argan oil in food and pharmaceutical applications due to its nutritional properties. Overall, the Global Argan Oil Market is poised for growth, with opportunities for market players to innovate and expand their product offerings to cater to evolving consumer preferences.
In the global Argan oil market, Asia is emerging as a lucrative region due to the increasing popularity of natural and organic beauty products. North America remains a key market driven by a rising demand for plant-based skincare products and the presence of well-established beauty brands. Europe is a mature market for Argan oil, with consumers showing a preference for high-quality and ethically sourced products. The Middle East and Africa region, particularly Morocco, is the leading producer of Argan oil, contributing significantly to the global supply chain. Latin America is witnessing a growing trend towards natural beauty products, creating opportunities for Argan oil manufacturers to expand their presence in the region. Overall, the global Argan oil market is experiencing steady growth across these regions, driven by consumer awareness of the product`s benefits for skin and hair care.
Global Argan Oil Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Argan Oil Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Argan Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Global Argan Oil Market - Industry Life Cycle |
3.4 Global Argan Oil Market - Porter's Five Forces |
3.5 Global Argan Oil Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Argan Oil Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Argan Oil Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Global Argan Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Argan Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Argan Oil Market Trends |
6 Global Argan Oil Market, 2021 - 2031 |
6.1 Global Argan Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Argan Oil Market, Revenues & Volume, By Conventional, 2021 - 2031 |
6.1.3 Global Argan Oil Market, Revenues & Volume, By Organic, 2021 - 2031 |
6.2 Global Argan Oil Market, Revenues & Volume, By Form, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Argan Oil Market, Revenues & Volume, By Absolute, 2021 - 2031 |
6.2.3 Global Argan Oil Market, Revenues & Volume, By Blend, 2021 - 2031 |
6.3 Global Argan Oil Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Argan Oil Market, Revenues & Volume, By Medical, 2021 - 2031 |
6.3.3 Global Argan Oil Market, Revenues & Volume, By Food, 2021 - 2031 |
7 North America Argan Oil Market, Overview & Analysis |
7.1 North America Argan Oil Market Revenues & Volume, 2021 - 2031 |
7.2 North America Argan Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Argan Oil Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Argan Oil Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Argan Oil Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Argan Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Argan Oil Market, Revenues & Volume, By Form, 2021 - 2031 |
7.5 North America Argan Oil Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Argan Oil Market, Overview & Analysis |
8.1 Latin America (LATAM) Argan Oil Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Argan Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Argan Oil Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Argan Oil Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Argan Oil Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Argan Oil Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Argan Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Argan Oil Market, Revenues & Volume, By Form, 2021 - 2031 |
8.5 Latin America (LATAM) Argan Oil Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Argan Oil Market, Overview & Analysis |
9.1 Asia Argan Oil Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Argan Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Argan Oil Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Argan Oil Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Argan Oil Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Argan Oil Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Argan Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Argan Oil Market, Revenues & Volume, By Form, 2021 - 2031 |
9.5 Asia Argan Oil Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Argan Oil Market, Overview & Analysis |
10.1 Africa Argan Oil Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Argan Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Argan Oil Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Argan Oil Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Argan Oil Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Argan Oil Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Argan Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Argan Oil Market, Revenues & Volume, By Form, 2021 - 2031 |
10.5 Africa Argan Oil Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Argan Oil Market, Overview & Analysis |
11.1 Europe Argan Oil Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Argan Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Argan Oil Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Argan Oil Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Argan Oil Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Argan Oil Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Argan Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Argan Oil Market, Revenues & Volume, By Form, 2021 - 2031 |
11.5 Europe Argan Oil Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Argan Oil Market, Overview & Analysis |
12.1 Middle East Argan Oil Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Argan Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Argan Oil Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Argan Oil Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Argan Oil Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Argan Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Argan Oil Market, Revenues & Volume, By Form, 2021 - 2031 |
12.5 Middle East Argan Oil Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Argan Oil Market Key Performance Indicators |
14 Global Argan Oil Market - Export/Import By Countries Assessment |
15 Global Argan Oil Market - Opportunity Assessment |
15.1 Global Argan Oil Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Argan Oil Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Argan Oil Market Opportunity Assessment, By Form, 2021 & 2031F |
15.4 Global Argan Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Argan Oil Market - Competitive Landscape |
16.1 Global Argan Oil Market Revenue Share, By Companies, 2024 |
16.2 Global Argan Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |