Global Argan Oil Market Size and Forecast

According to recent research by Custom Market Insights (CMI), the Global Argan Oil Market was valued at approximately USD 300 million in 2021. With a robust and steadily growing demand across multiple end-use industries, the market is expected to reach around USD 750 million by 2030. This reflects a Compound Annual Growth Rate (CAGR) of approximately 10% during the forecast period from 2022 to 2030.

This comprehensive market study provides an in-depth, 360-degree analysis of the key growth drivers and market restraints impacting the demand for argan oil throughout the projected timeline. Additionally, it highlights emerging opportunities, competitive dynamics, and the global landscape shaping the future of the argan oil industry.

Market Overview

Argan oil, a highly versatile and nutrient-rich product, is derived from the kernels of the argan tree fruit. Traditionally, extraction was performed manually—a labor-intensive and time-consuming method. However, with technological advancements, mechanical extraction has become more widespread, significantly reducing production time while improving the quality and consistency of the oil produced.

Depending on the extraction method and end use, argan oil is primarily categorized into two major types:

• Edible Argan Oil

• Cosmetic Argan Oil

After the extraction process, the oil typically exhibits a medium to pale yellow hue, the result of an advanced filtration process. Argan oil is widely researched due to its exceptional nutritional and therapeutic properties, and it finds extensive application across the food, pharmaceutical, and nutraceutical industries. The oil is often incorporated into products in concentrated form and subjected to various modifications depending on its intended use.

Growth Factors

The rising global demand for natural and organic products, especially within cosmetics, personal care, food & beverage, and medical sectors, is a key factor driving the growth of the argan oil market.

Argan oil has become increasingly popular due to its antioxidant, anti-inflammatory, and nutrient-rich profile—making it a favored ingredient in skin and haircare formulations. These characteristics are particularly appealing to health-conscious consumers seeking clean-label, chemical-free, and sustainably sourced personal care products.

The surge in demand for men’s grooming products—including beard oils, hair waxes, and shower gels—has further contributed to market expansion. Many of these products are infused with argan oil and other essential oils, capitalizing on consumer preferences for natural alternatives to synthetic formulations.

There has also been significant growth in consumer awareness about the benefits of organic products, especially when compared to their synthetic counterparts. This increased awareness has led to greater interest in products that promote healthy, youthful skin and overall well-being, thus propelling the demand for argan oil in both the cosmetics and personal care segments.

Segmental Overview

The global argan oil market is segmented based on type, form, application, and distribution channel.

By Application:

Among the different application segments, the medical segment is anticipated to witness substantial growth over the forecast period. Argan oil’s potent antibacterial, anti-inflammatory, analgesic, antioxidant, aphrodisiac, and anti-proliferative properties make it highly effective in the treatment of wounds, abrasions, and various skin conditions.

Medical applications also include support for diseases such as:

• Chickenpox

• Burns

• Eczema

• Psoriasis

• Diabetes

• Epilepsy

• Osteoarthritis

• Atherosclerosis

Furthermore, argan oil is widely used in aromatherapy, owing to its role in promoting mental balance, physical relaxation, and enhanced immune function. These benefits further expand its utility in therapeutic and wellness contexts.

The oil is available in food-grade (culinary) and cosmetic-grade variants. Culinary-grade argan oil is produced through a specific method tailored for consumption and should not be confused with cosmetic-grade oil, which is manufactured for topical application.

Regional Overview

The Asia Pacific region is emerging as a highly promising market for argan oil, particularly in the context of the organic personal care and cosmetics sector. Countries such as China, Japan, and India lead the regional demand, with China being the largest consumer.

India, in particular, has shown robust demand due to its strong pharmaceutical manufacturing capabilities and the presence of key domestic players like Aurobindo Pharma, Sun Pharma, and Lupin. These firms have the capacity to manufacture affordable, organic medicinal products, creating a conducive environment for the integration of argan oil into therapeutic solutions.

With growing interest in developing natural, plant-based treatments for conditions such as:

• Cancer

• Cardiovascular diseases

• Hormonal disorders

• Gastrointestinal issues

• Stress-related conditions

• Anti-aging therapies

the Asia Pacific region is expected to remain a strategic growth hub for argan oil manufacturers.

Competitive Landscape and Key Players

The global argan oil market features a relatively consolidated competitive landscape, dominated by a select number of companies operating at both global and regional levels. These players are actively involved in product innovation, strategic alliances, and portfolio diversification to strengthen their market position.

Some of the leading companies include:

• OLVEA Morocco

• Zineglo

• Saadia Organics

• ARGANisme Cosmetics S.A.R.L

• Essence Of Argan

• Argan Diva

• Biopur

• Josie Maran Cosmetics

• Nadifi Argan

• Argan Liquid Gold

These companies are primarily focusing on:

• Sourcing high-quality organic argan oil

• Developing new blends and formulations

• Forming partnerships with distributors

• Expanding their footprint across emerging markets

As demand continues to rise globally—particularly in the sectors of organic skincare, natural medicine, and health supplements—these key players are expected to play a pivotal role in shaping the future of the global argan oil industry.

https://www.custommarketinsights.com/report/argan-oil-market/