Argan Oil Market Size, Share, and Outlook, 2025 Report- By Type (Conventional, Organic), By Form (Absolute, Blend, Concentrate), By Application (Personal Care and Cosmetics, Medical, Aromatherapy, Food), 2018-2032

Argan Oil Market Outlook

Argan Oil Market Size is forecast to reach $917.2 Million in 2032 from $376.3 Million in 2025, at an optimistic growth rate of 13.4% from 2025 to 2032. The robust Argan Oil Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Argan Oil Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Type (Conventional, Organic), By Form (Absolute, Blend, Concentrate), By Application (Personal Care and Cosmetics, Medical, Aromatherapy, Food). Over 70 tables and charts showcase findings from our latest survey report on Argan Oil Markets.

Argan Oil Market Insights, 2025: Argan Oil market- key drivers and opportunities

The Argan oil market has seen consistent growth, driven by an increasing consumer awareness of natural beauty products and their benefits. Argan oil, extracted from the nuts of the Argania spinosa tree native to Morocco, has a longstanding reputation for its nutritional and cosmetic properties, which has played a significant role in its rising demand. One of the key drivers in this market is the shift toward organic and chemical-free personal care products. With an increasing number of consumers prioritizing sustainability and the health benefits of using natural ingredients, Argan oil fits perfectly into this trend. Rich in essential fatty acids, antioxidants, and Vitamin E, it provides numerous skin, hair, and anti-aging benefits, contributing to its popularity across global markets.

Further, the growth of the skincare and cosmetics industries is a crucial factor propelling the market. Major beauty and cosmetic companies have increasingly incorporated Argan oil into their product lines due to its moisturizing, anti-inflammatory, and reparative properties. This has led to higher consumption, especially in premium skincare and hair care segments. The rise of e-commerce platforms has also enabled consumers to access high-quality Argan oil from established and emerging brands, further fueling its market growth.

In addition, the increased consumer demand for plant-based oils in food and cooking applications has also given Argan oil a prominent place in the culinary industry. As a healthier alternative to other cooking oils, its use in gourmet foods and salad dressings has expanded, contributing to market expansion across diverse sectors.

There are significant opportunities within the Argan oil market, particularly as consumers continue to prioritize eco-friendly and ethical sourcing. The sustainable production of Argan oil, which is often sourced through women’s cooperatives in Morocco, offers a unique selling proposition. Companies that embrace transparency and ethical sourcing practices stand to gain a loyal customer base in an increasingly conscientious marketplace. Given the growing awareness of fair trade practices, brands that source their Argan oil responsibly can tap into this lucrative market segment.

Another opportunity lies in the expansion of Argan oil usage in the health and wellness sector. With the increasing trend toward holistic health and natural remedies, Argan oil is being explored for its potential therapeutic benefits. For example, it is believed to have anti-inflammatory properties that can assist with joint health and other conditions. This trend opens up opportunities for Argan oil producers to enter the dietary supplement and functional food markets.

Additionally, emerging markets in Asia, particularly China and India, present untapped opportunities for the Argan oil market. As the middle class grows and consumer demand for premium skincare and health products rises, these regions are expected to become key drivers of market expansion. Furthermore, the rise of local beauty brands in these markets offers a significant opportunity for collaboration and product innovation.

Five Trends that will define global Argan Oil Market in 2025 and Beyond

A closer look at the multi-million global market for Argan Oil Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Argan Oil Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Argan Oil Industry?

The Argan Oil Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Argan Oil Market Segment Insights

The Argan Oil Industry presents strong offers across categories. The analytical report offers forecasts of Argan Oil Industry performance across segments and countries. Key segments in the industry include- By Type (Conventional, Organic), By Form (Absolute, Blend, Concentrate), By Application (Personal Care and Cosmetics, Medical, Aromatherapy, Food). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Argan Oil Market size outlook is provided for 22 countries across these regions.

Argan Oil Industry Value Chain

The chapter identifies potential companies and their operations across the global Argan Oil Industry ecosystem. It assists decision-makers in evaluating global Argan Oil Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Argan Oil Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Argan Oil Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Argan Oil Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Argan Oil Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Argan Oil Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Argan Oil Market Insights- Executives are most excited about opportunities for the US Argan Oil Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Argan Oil Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Argan Oil Market.

Latin American Argan Oil Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Argan Oil Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Argan Oil Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Argan Oil Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Argan Oil Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include ARGANBULK Ltd, Argane Aouzac SARL, Arganfarm SARL, Arganisme Ltd, DSM, Lipidine LLC, Malakbio Ltd, OLVEA Group, Organica Group Ltd, Pure Argan Company Ltd, Zidrop Argan Oil Ltd.

Argan Oil Market Scope and Segmentation

By Type

Conventional

Organic

By Form

Absolute

Blend

Concentrate

By Application

Personal Care and Cosmetics

Medical

Aromatherapy

Food

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Argan Oil Market Research-

ARGANBULK Ltd

Argane Aouzac SARL

Arganfarm SARL

Arganisme Ltd

DSM

Lipidine LLC

Malakbio Ltd

OLVEA Group

Organica Group Ltd

Pure Argan Company Ltd

Zidrop Argan Oil Ltd

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
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