Global Argan Oil Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Natural and Organic

By Application;

Personal Care & Cosmetics, Medical, Aromatherapy, and Cleaning & Home

By Distribution Channel;

Supermarket/Hypermarket, Specialty Retailer, Online Stores, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn510233025 Published Date: May, 2025 Updated Date: June, 2025

Argan Oil Market Overview

Argan Oil Market (USD Million)

Argan Oil Market was valued at USD 198.25 million in the year 2024. The size of this market is expected to increase to USD 331.06 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.6%.


Global Argan Oil Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 7.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)7.6 %
Market Size (2024)USD 198.25 Million
Market Size (2031)USD 331.06 Million
Market ConcentrationMedium
Report Pages317
198.25
2024
331.06
2031

Major Players

  • Oriental Group
  • SARL AU
  • ARGANisme
  • Bio Agadir
  • Arganfarm
  • Malakbio
  • OLVEA
  • ZINEGLOB

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Argan Oil Market

Fragmented - Highly competitive market without dominant players


The argan oil market is witnessing notable growth due to increasing consumer inclination toward natural and organic personal care solutions. With more than 60% of buyers prioritizing clean-label ingredients, argan oil has secured a dominant position for its richness in essential nutrients such as antioxidants and fatty acids. Its adoption in daily care regimens is becoming widespread, especially in formulations targeting skin hydration and hair nourishment.

Nutritional Appeal Expanding Market Scope
The culinary and dietary use of argan oil has expanded by 35%, propelled by growing awareness of its cholesterol-lowering and antioxidant properties. It is increasingly included in nutraceutical blends and cooking oils, responding to consumer interest in functional ingredients that support cardiovascular health. This trend aligns with the surge in organic food consumption globally.

Pharmaceutical Uses Gaining Momentum
Argan oil is emerging as a phytotherapeutic agent, with pharmaceutical usage rising by 28%. Its inclusion in topical medications and natural healing solutions reflects its potency in treating inflammatory skin conditions and microbial infections. As clinical backing for its health benefits strengthens, its role in medicated skincare and wellness therapies is expanding.

Ethical Sourcing Enhancing Consumer Loyalty
There has been a 40% rise in demand for ethically sourced argan oil, driven by an increasing focus on sustainability and social impact. The traditional extraction method, primarily undertaken by local women’s cooperatives, enhances the oil's appeal as a socially responsible purchase. Brands highlighting traceability and clean sourcing are being rewarded with strong consumer engagement and market differentiation.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Argan Oil Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Beauty and cosmetics industry
        2. Natural and organic skincare trends
        3. Increasing consumer awareness and demand
      2. Restraints
        1. Limited geographic availability of argan trees restricting supply

        2. High production costs due to labor-intensive extraction processes

        3. Price sensitivity among consumers affecting market penetration

        4. Concerns over product authenticity and adulteration

      3. Opportunities
        1. Market expansion in emerging economies
        2. Increasing demand for natural and organic products
        3. Expansion into new application areas
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Argan Oil Market, By Type, 2021 - 2031 (USD Million)
      1. Natural
      2. Organic
    2. Argan Oil Market, By Application, 2021 - 2031 (USD Million)
      1. Personal Care & Cosmetics
      2. Medical
      3. Aromatherapy
      4. Cleaning & Home
    3. Argan Oil Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Supermarket/Hypermarket
      2. Specialty Retailer
      3. Online Store
      4. Others
    4. Argan Oil Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Oriental Group
      2. Sarl Au
      3. Arganisme
      4. Bio Agadir
      5. Arganfarm
      6. Malakbio
      7. Olvea
      8. Zineglob
  7. Analyst Views
  8. Future Outlook of the Market