Global Argan Oil Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Natural and OrganicBy Application;
Personal Care & Cosmetics, Medical, Aromatherapy, and Cleaning & HomeBy Distribution Channel;
Supermarket/Hypermarket, Specialty Retailer, Online Stores, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)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 Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 7.6 % |
Market Size (2024) | USD 198.25 Million |
Market Size (2031) | USD 331.06 Million |
Market Concentration | Medium |
Report Pages | 317 |
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.
Argan Oil Market Recent Developments
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In July 2024, IBG Brand Incubator partnered with Family Dollar to launch the Crown Hair Society line, offering nine luxury haircare products at accessible prices, thereby enhancing the availability of salon-quality experiences for a broader consumer base.
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In February 2024, Josie Maran unveiled a brand refresh introducing sustainable packaging and new fragrances under “The Remix.” This initiative underscores her dedication to eco-friendly and high-quality beauty products, reflecting insights gained from her industry experience.
Argan Oil Segment Analysis
In this report, the Argan Oil Market has been segmented by Type, Application, Distribution Channel, and Geography.
Argan Oil Market, Segmentation by Type
The Argan Oil Market has been segmented by Type into Natural, and Organic.
Natural
Natural argan oil remains the most commonly used type across global markets. Representing around 65% of the overall share, this category is widely embraced in personal care and culinary applications due to its availability and affordability. The use of traditional extraction techniques and the broad acceptance of non-organic formulations sustain the demand for natural argan oil.
Organic
Organic argan oil is gaining momentum among eco-conscious consumers seeking chemical-free alternatives. Holding close to 35% of the market, this segment appeals to buyers prioritizing sustainability and certified purity. Its popularity is particularly strong in regions with stricter environmental and product standards, such as Europe and North America.
Argan Oil Market, Segmentation by Application
The Argan Oil Market has been segmented by Application into Personal Care & Cosmetics, Medical, Aromatherapy, and Cleaning & Home.
Personal Care & Cosmetics
The largest share of the argan oil market comes from personal care and cosmetic products. Accounting for over 60% of the demand, this segment thrives due to the oil’s hydrating, anti-aging, and nourishing properties. It is widely used in skincare routines, hair treatments, and beauty products across the world.
Medical
Medical usage of argan oil is steadily growing. Holding about 15% of the market, it is valued for its anti-inflammatory and healing abilities. The oil is often found in dermatological treatments, wound care, and arthritis relief products due to its therapeutic nature.
Aromatherapy
Argan oil is also a popular choice in aromatherapy, contributing nearly 12% to the market. Its use as a carrier oil enhances essential oil blends, offering relaxation and skin-softening benefits. This segment is expanding with the growing popularity of natural wellness solutions.
Cleaning & Home
In the cleaning and home care category, argan oil contributes close to 13% of market consumption. It is favored in non-toxic cleaning sprays, natural deodorizers, and organic air fresheners. The rising demand for eco-conscious household products is boosting growth in this segment.
Argan Oil Market, Segmentation by Distribution Channel
The Argan Oil Market has been segmented by Distribution Channel into Supermarket/Hypermarket, Specialty Retailer, Online Stores, and Others.
Supermarket/Hypermarket
Supermarkets and hypermarkets remain the leading distribution points for argan oil. Capturing more than 40% of the market, they offer customers convenience, physical inspection of products, and a wide brand selection. This format continues to appeal to buyers seeking assurance and instant product availability.
Specialty Retailer
Specialty retail outlets hold nearly 25% of the market, catering to consumers seeking premium skincare and organic wellness products. With trained staff and targeted offerings, these stores offer a curated shopping experience that aligns with specific lifestyle needs.
Online Stores
Online platforms represent close to 28% of global sales, driven by the convenience of e-commerce, competitive pricing, and access to product reviews. Digital-savvy consumers, particularly in urban areas, rely on online stores for quick access to trusted brands and exclusive deals.
Others
Other channels, such as salons, spas, and direct sales, make up around 7% of the market. These platforms provide tailored customer experiences, personal recommendations, and brand-exclusive promotions, especially in niche or professional environments.
Argan Oil Market, Segmentation by Geography
In this report, the Argan Oil Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Regions and Countries Analyzed in this Report
Argan Oil Market Share (%), by Geographical Region
North America
North America remains the largest market for argan oil worldwide. Representing about 32% of total consumption, this region benefits from high awareness of natural beauty products and a robust retail ecosystem. The U.S. continues to lead due to strong demand for organic personal care and wellness offerings.
Europe
Europe captures close to 28% of the global share, driven by its demand for sustainable and ethically sourced skincare products. Countries like France, Germany, and the UK remain key players, and the presence of organic certifications boosts consumer confidence and market traction.
Asia Pacific
Asia Pacific contributes around 20% to the overall market, spurred by growing disposable incomes, urban lifestyles, and natural beauty preferences. Nations like China, India, and Japan are becoming major consumers of argan oil, particularly in personal grooming and wellness segments.
Middle East & Africa
Middle East & Africa holds approximately 12% of global market share, driven in part by its role as the source region for argan oil. Countries like Morocco dominate in production, while the region also witnesses demand due to traditional uses and regional beauty trends.
Latin America
Latin America comprises around 8% of the global market, with growing interest in organic cosmetics in Brazil, Mexico, and Argentina. Improved local distribution and rising exposure to international beauty trends have helped increase the visibility of argan oil in this region.
Argan Oil Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Argan Oil Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Beauty and cosmetics industry
- Natural and organic skincare trends
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Increasing consumer awareness and demand - Increasing consumer awareness and demand is fueling strong growth in the global argan oil market, driven by rising interest in natural, organic, and multifunctional products. With its rich content of vitamin E, antioxidants, and essential fatty acids, argan oil is widely embraced for its skincare, haircare, and overall wellness benefits. As consumers seek chemical-free, plant-based alternatives, argan oil is becoming a staple in clean beauty and personal care formulations, especially in North America, Europe, and rapidly expanding Asian markets.
Beyond cosmetics, awareness is also growing around the health benefits of culinary-grade argan oil, boosting its demand in the functional foods and nutraceutical segments. Health-conscious consumers are turning to argan oil for its cholesterol-lowering and anti-inflammatory properties, incorporating it into wellness routines and dietary supplements. This growing preference for versatile, sustainable ingredients positions argan oil as a high-value product across multiple industries, reinforcing its long-term global market potential.
Restraints
- Limited geographic availability of argan trees restricting supply
- High production costs due to labor-intensive extraction processes
- Price sensitivity among consumers affecting market penetration
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Concerns over product authenticity and adulteration - Growing concerns over product authenticity and adulteration are restraining the growth of the argan oil market. As demand rises, instances of diluted, mislabelled, or synthetic argan oil entering the supply chain have become more frequent. Consumers often find it difficult to verify purity due to the lack of standardized certification and inconsistent labeling practices. This undermines trust and discourages repeat purchases, particularly among informed buyers seeking premium, unadulterated products.
Manufacturers face reputational risks and revenue losses as counterfeit products erode market credibility. The absence of strict quality controls across some production and distribution channels further complicates efforts to maintain brand integrity. To counter these issues, industry stakeholders are increasingly emphasizing traceability, third-party testing, and transparent sourcing—measures that will be essential to building consumer confidence and sustaining long-term market growth.
Opportunities
- Market expansion in emerging economies
- Increasing demand for natural and organic products
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Expansion into new application areas - Exploring new application areas is opening promising avenues for growth in the argan oil market. While traditionally known for its use in skincare and haircare, argan oil is increasingly being integrated into functional foods, nutraceuticals, and pharmaceutical formulations due to its rich composition of omega fatty acids, antioxidants, and anti-inflammatory properties. This diversification is helping manufacturers tap into health-conscious consumer segments looking for natural alternatives to support cardiovascular, metabolic, and immune health.
In the food industry, argan oil is gaining traction as a gourmet culinary oil and dietary supplement, particularly in premium health food categories. Its nutty flavor and nutritional profile make it suitable for use in salad dressings, energy bars, and organic food products. As awareness of clean-label and plant-based diets continues to grow, food producers are exploring argan oil as a novel ingredient to enhance both functionality and product appeal.
Argan Oil Market Competitive Landscape Analysis
Key players in Argan Oil Market include;
- Oriental Group
- Sarl Au
- Arganisme
- Bio Agadir
- Arganfarm
- Malakbio
- Olvea
- Zineglob
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
- Argan Oil Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Beauty and cosmetics industry
- Natural and organic skincare trends
- Increasing consumer awareness and demand
- Restraints
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Limited geographic availability of argan trees restricting supply
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High production costs due to labor-intensive extraction processes
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Price sensitivity among consumers affecting market penetration
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Concerns over product authenticity and adulteration
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- Opportunities
- Market expansion in emerging economies
- Increasing demand for natural and organic products
- Expansion into new application areas
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Argan Oil Market, By Type, 2021 - 2031 (USD Million)
- Natural
- Organic
- Argan Oil Market, By Application, 2021 - 2031 (USD Million)
- Personal Care & Cosmetics
- Medical
- Aromatherapy
- Cleaning & Home
- Argan Oil Market, By Distribution Channel, 2021 - 2031 (USD Million)
- Supermarket/Hypermarket
- Specialty Retailer
- Online Store
- Others
- Argan Oil Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Argan Oil Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Oriental Group
- Sarl Au
- Arganisme
- Bio Agadir
- Arganfarm
- Malakbio
- Olvea
- Zineglob
- Company Profiles
- Analyst Views
- Future Outlook of the Market