SkyQuest Technology Group has recently published a comprehensive Argan Oil Market report, offering a detailed analysis of the product landscape and industry scope while providing insights into the market outlook and future trends from 2025 to 2032. Growing demand from the food, health care, and cosmetics industries is anticipated to propel market expansion. Due to customers’ increasing understanding of the value of improving both their general appearance and manner of life, the personal care and cosmetics industry is rising.
Argan Oil Market size was valued at USD 177.4 billion in 2023 and is poised to grow from USD 206.85 billion in 2024 to USD 706.71 billion by 2032, growing at a CAGR of 16.6% during the forecast period (2025-2032).
The Loreal Annual Report estimates that the global market for cosmetics will reach more than 200 billion euros by 2031. Due to the development of numerous argan oil-infused products, including hair serums and gel creams, by big manufacturers like L’Oréal and Lakme, the organic skincare market is expanding in nations like the United Kingdom, France, and Germany. Men’s grooming products including hair oils, shower gels, beard oils, skin creams, and waxes that contain argan oil and other essential oils are becoming more and more popular, which is assisting the growth of the industry. It takes a lot of time and effort to collect and produce argan oil.
Get a Free Sample PDF of the Report – https://www.skyquestt.com/sample-request/argan-oil-market
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2032, Y-o-Y growth rate, and CAGR):
The Argan Oil Market can be segmented based on several factors, including product type, application, end-user, and distribution channel.
Global Argan Oil Market is segmented by Type, Form, Application, Distribution Channel and region.
Based on Type, the market is segmented into Conventional and Organic.
Based on Form, the market is segmented into Absolute and Blend.
Based on Application, the market is segmented into Personal Care & Cosmetics, Medical, Food and Aromatherapy.
Based on Distribution Channel, the market is segmented into B2B and B2C.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Argan Oil Market – Regional Analysis:
The only region in the world that engages in commercial-scale production is the Middle East and Africa. In Morocco, argan trees are primarily grown in the semi-arid and dry areas surrounding Essaouira and Agadir. Given the advantages of argan oil, numerous NGOs and international cosmetics businesses have intervened recently to stop deforestation and promote the planting of argan trees in the area. For instance, a sourcing programme has been established by L’Oréal and BASF SE to support the supply chain.
Among all the continents, Europe is one of the ones that uses the most argan oil. In the personal care and cosmetics sector, Europe holds the biggest argan oil market share. In Europe, cosmetic products are mostly produced through solvent extraction of kernels, which is used to create moisturisers, shampoos, and anti-wrinkle cosmetics. Furthermore, Europe has dominated biopharmaceutical research. Pharmaceutical firms in Europe have produced bio-based medications for a variety of illnesses, including diabetes, cancer, high blood pressure, and cardiovascular ailments.
Top Market Players in Argan Oil Market are:
OLVEA Morocco (Morocco)
ARGANisme Cosmetics S.A.R.L. (Morocco)
Essence of Argan (Canada)
Zineglob (Morocco)
Saadia Organics (Canada)
Argan Liquid Gold (UK)
Biopur (Morocco)
Nadifi Argan Oil (Morocco)
Arganfarm (Morocco)
Argan Export Company (Morocco)
Argan Oil Morocco (Morocco)
Argania (Morocco)
Argan Source (Morocco)
Arganic (UK)
Josie Maran Cosmetics (USA)
John Masters Organics (USA)
Melvita (France)
L’Oréal (France)
Groupe Rocher (France)
Purus International (USA)
Argan Oil Market Recent Developments:
In August 2022, the most recent PHYTORx series of Booster serums and Face Oils has been introduced by Lotus Professional, a company that closely works with Indian skin. One of the industries that changes the most quickly is skincare. The customer is actively involved in the rise of investment in homegrown products that contain active ingredients, ingredient-based skincare, and the beauty sector.
In August 2022, to address consumers’ changing personal care needs, Respected Roots, a pioneer in the premium, natural grooming sector, has introduced new oils for skin, hair, and beard. Rosehip oil, argan oil, sesame oil, tea tree oil, coconut oil, and jojoba oil are among the ingredients in the hair and scalp oil.
You may Also Like
https://issuu.com/skyquest-technology/docs/clinical_nutrition_market_revenue_forecast_what_s/s/84616575
https://issuu.com/skyquest-technology/docs/energy_drinks_market_powering_growth_with_a_proje/s/84235807
Forward-Looking Insights
The Argan Oil Market is set to experience sustained growth, fueled by technological advancements, broader global market access, and rising industry demand. With the industry addressing emerging challenges and capitalizing on new opportunities, it is expected to drive innovation and play a pivotal role in advancing global health and economic progress.
About Company:
SkyQuest Technology Consulting is a leading Strategy Consulting and Market Research firm, provides syndicated as well as customized research reports and growth consulting services, trusted by CXOs from Fortune 500 Companies, Start-ups, and MSMEs. The company comprises a team of expert research analysts and consultants, adding more than 1200 market research reports in our database each year. These reports offer in-depth analysis on 40+ industries & sub industries across 25 major countries worldwide, serving global clients across diverse industries. The company specializes in delivering customized intelligence, data-driven insights, and strategic advisory services that enable businesses to stay competitive and make informed decisions in rapidly evolving industries.
Contact Details:
SkyQuest Technology Consulting
1 Apache Way, Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: [email protected]
Visit Our Website: https://www.skyquestt.com/
