SkyQuest Technology Group recently introduced Argan Oil Market study with in-depth overview, describing about the Product/Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. The Argan Oil Market has witnessed Excellent growth over the past decade and is expected to maintain its upward trajectory.
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).
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. People are switching from synthetic to natural personal care products as a result of the increasing occurrence of skin and hair disorders such acne, dermatitis, dry and damaged hair, and skin ageing problems.
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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.
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.
Type
Conventional, Organic
Form
Absolute, Blend
Application
Personal Care & Cosmetics, Medical, Food, Aromatherapy
Distribution Channel
B2B, B2C
Argan Oil Market – Regional Analysis:
– Argan Oil North America Market includes (Canada, Mexico, USA)
– Argan Oil Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
– Argan Oil Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
– Argan Oil South America Market includes (Brazil, Argentina)
– Argan Oil Oceania Market (Australia & New Zealand)
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)
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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.
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.
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