How Big Is the Argan Oil Market | Industry Trends & Forecast 2025

Q: What is the projected size of the argan oil market by 2031?

The argan oil market is expected to exceed USD 897 million by 2031.

Q: Which regions dominate the argan oil market?

North America and Europe hold a major share, but demand is rising rapidly in Asia-Pacific due to growing adoption of organic beauty and wellness products.

Q: Who are the key players in the argan oil market?

Major players include Olvea Group, Arganisme Cosmetics, Zineglob, Puritan’s Pride, and Biopur.

Q: What are the key drivers of argan oil market?

Growth is driven by trends such as clean beauty, rising disposable income, vegan product demand, and nutraceutical use.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA5041

Publication Date: Jul 2025

What is the Argan Oil Market size?

According to 6Wresearch internal database and industry insights, the Global Argan Oil Market was valued at USD 427 million in 2024 and is forecast to surpass USD 897 million by 2031, expanding at a CAGR of 15.7% over the forecast period.

The market growth is being driven by rising consumer preference for organic personal care products, increasing use of argan oil in hair and skin applications, and a growing trend of natural remedies in wellness regimes.

Growth Factors of the Argan Oil Market

Rising demand for anti-aging and skin-nourishing cosmetic products
Expansion of the organic and clean-label beauty movement
Increasing application of argan oil in the culinary sector as a health-enhancing edible oil
Surge in global awareness regarding the therapeutic benefits of argan oil
Innovations in argan oil-based nutraceutical and cosmeceutical products
Growing e-commerce penetration allowing direct-to-consumer global reach for niche natural oil brands

Argan Oil Market Trends

The argan oil market is undergoing a transformation with manufacturers investing in cold-press extraction technology to retain maximum nutrients. There is a notable shift toward multipurpose oils that can be used for hair, face, body, and food. Furthermore, brands are producing an increasing array of products, such as argan oil shampoos, serums, capsules, spreads, and so on. Additionally, product meticulousness through ethical sourcing, environmentally-friendly packaging, and Fair-Trade certifications are all developing into unique selling propositions for product differentiation.

Emerging Developments in the Argan Oil Market

The argan oil market is witnessing significant growth driven by rising demand for natural and organic beauty products, especially in skincare and haircare. New developments include its expanding use in nutraceuticals and gourmet food due to its health benefits, along with advancements in cold-press extraction and sustainable sourcing practices. Brands are also focusing on eco-friendly packaging and ethical collaborations with Moroccan cooperatives, while launching diverse product formats targeting both mainstream and niche consumer segments.