Argan Oil Market Analysis & Forecast 2024-2030

Argan Oil Market Report by Product Type (Cosmetic Argan Oil, Culinary Argan Oil) by Application /End User (Cosmetics, Food, Medical) by Industry Analysis, Volume, Share, Growth, Challenges, Trends, and Forecast 2024-2030, Regional Outlook ( North America, Europe, Asia-Pacific, Middle-East, Africa)

Report Code: PSMR- 1119          Category: Food & Beverages          Region :  Global         Report Format :                  

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     Table of Contents

    Global Argan Oil Market is expected to reach USD 7362.4 million by 2030 with CAGR of 22.4% between 2024 and 2030

    Argan Oil also known as Oil of Morocco or ‘Liquid Gold’. Argan Oil remains one of the rarest oils in the world due to the small and very specific growing areas. Argan oil is an organic product extracted from the kernels of the argan tree, which grows in South Western Morocco. Its properties make it particularly beneficial for the hair and skin, which makes it a popular cosmetic choice for many celebrities.  

    Argan Oil is extremely rich in beneficial nutrients including fatty acids and vitamin E as well as vital antioxidants, phenols, carotenes and squalene. It has astonishing moisturising and conditioning properties that assist in keeping hair and skin feeling nourished and hydrated. Argan oil has huge demands from cosmetics, food, and medical industry. The cosmetics segment accounted for the largest market share in 2023. R&D investments and technological advancements in the area of processing argan oil have been the key factors responsible for driving industry growth over the past few years.  

    Argan Oil Market

    Argon oil used in skin moisturizer, hair conditioner, sleek and shine styling, anti-aging, dry skin conditions, acne, protection and healing, pregnancy, foot, hand and nail treatment, lip moisturizer. Some of the most important health benefits of argan oil include its ability to speed wound healing, moisturize the skin, slow aging, lower cholesterol, treat cancer, improve hair health, optimize digestion, reduce inflammation, protect the liver, manage diabetes, strengthen the nails, and boost heart health. High-cost of argan oil is acting as a barrier in the growth of this market as its high cost limits its selection among purchasers. The widening of distribution channels has made these products readily available to the consumer.  

    Europe is the largest argan oil market both in terms of volume and revenue in 2016 followed by North America. Europe will remain dominant in the global market for argan oil, with sales projected to register the fastest expansion through 2023. North America is estimated to remain the second most lucrative market for argan oil. Growing disposable income, demand for branded luxury cosmetics, and preference for organic ingredients is anticipated to augment growth. Increasing application scope in medical and food industries is likely to drive demand over the forecast period.  

    Argan Oil Market : Product Type

    • Cosmetic Argan Oil
    • Culinary Argan Oil

    Argan Oil Market : Application

    • Cosmetics
    • Food
    • Medical

    Argan Oil Market : Company Analysis

    • OLVEA Morocco
    • Zineglobe
    • Biopur
    • Nadifi Argan
    • Argania
    • ARGANisme Cosmetics
    • Brenntag Specialities
    • Aura Cacia
    • Sidi Yassine
    • OLVEA Group
    • Argan Oils
    • Simply Agadir
    • Argan Export Company
    • Purus
    • Melvita
    • Babybliss Pro
    • John Masters

    Geographical analysis of Argan Oil Market:

    • North America
      • U.S.A
      • Canada
    • Europe
      • France
      • Germany
      • Spain
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South East Asia
    • Latin America
      • Brazil
    • Middle East and Africa

    Global Argan Oil Market Report delivers a comprehensive analysis of the following parameters:

    • Market Forecast for 2024-2030
    • Market growth drivers
    • Challenges and Opportunities
    • Emerging and Current market trends
    • Market player Capacity, Production, Revenue (Value)
    • Supply (Production), Consumption, Export, Import analysis
    • End user/application Analysis

    Report Coverage

    Parameters Details

    Base Year


    Historical Data


    Forecast Data


    Base Year Value (2023)

    USD 1788.75 million

    Forecast Value (2030)

    USD 7362.4 million

    CAGR (2022 to 2028)

    22.4 %

    Regional Scope

    North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW

    Frequently Asked Questions (FAQ)

    Argan Oil Market was valued at around USD 1788.75 million in 2023 & estimated to reach USD 7362.4 million by 2030.

    Argan Oil Market is likely to grow at compounded annual growth rate (CAGR) of 22.4% between 2024 to 2030.

    Yes, the report includes COVID 19 impact on the market.

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