Global Argan Oil Market Size Study, by Category (Organic and Conventional), by Application (Food, Pharmaceuticals & Nutraceuticals, Cosmetics & Personal Care, and Others), by Form (Absolute, Blend), and Regional Forecasts 2022-2032

Description

The global argan oil market, valued at approximately USD 333.59 million in 2023, is set to witness a robust compound annual growth rate (CAGR) of 11.40%, reaching USD 881.41 million by 2032. Argan oil, derived from the kernels of the Argan tree endemic to Morocco, has gained worldwide acclaim for its remarkable nutritional, medicinal, and cosmetic properties. The oil's high antioxidant content, alongside essential fatty acids and vitamins, makes it indispensable across various sectors including cosmetics, pharmaceuticals, and food industries.

A significant driver of the market's growth is the escalating consumer preference for organic and natural products, particularly in the cosmetics and personal care industry. Argan oil's anti-aging and skin-nourishing properties have catalyzed its adoption in premium skincare formulations. Simultaneously, the growing trend toward functional foods and nutraceuticals has expanded its application in dietary supplements and health-enhancing products. However, challenges such as the limited supply of argan oil and its labor-intensive extraction process are anticipated to constrain the market's potential during the forecast period.

Technological advancements in extraction methods, coupled with innovations in product formulations, are poised to reshape the market landscape. The development of blended variants and enriched formulations is opening new avenues for argan oil applications. Furthermore, the increasing incorporation of argan oil in bakery and confectionery items, as well as dairy products, underscores its expanding utility in the food and beverages sector.

Regionally, North America holds a dominant position in the global argan oil market, driven by the rising demand for organic and natural skincare products. Europe closely follows, with robust growth attributed to stringent regulations promoting natural ingredients and increasing awareness of argan oil's benefits. Meanwhile, the Asia-Pacific region is anticipated to experience the fastest growth, supported by rapid urbanization, increasing disposable incomes, and the burgeoning popularity of luxury cosmetics. Emerging markets in Latin America and the Middle East & Africa also present lucrative opportunities, spurred by growing consumer awareness and investments in sustainable production practices.

Major market players included in this report are:

L'Oreal S.A.
Olvea Group
Josie Maran Cosmetics
ZineGlob
Arganfarm
Nadifi Argan Oil
Moroccanoil Inc.
Purus International
Essence of Argan
Organic Essence
Argan Magic
ArganaTree
Shea Terra Organics
BIOTANIC
Kae Cosmetique

The detailed segments and sub-segments of the market are explained below:

By Category:

Organic
Conventional

By Application:

Food
- Bakery & Confectionery
- Dairy & Frozen Desserts
- Sweet & Savory Snacks
- Others
Pharmaceuticals & Nutraceuticals
Cosmetics & Personal Care
Others

By Form:

Absolute
Blend

By Region: North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia-Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Comprehensive market forecasts segmented by category, application, form, and region for a decade.
Detailed regional insights capturing trends and growth opportunities.
Competitive landscape highlighting major players, innovations, and strategies.
Analysis of emerging trends and challenges shaping the global argan oil market.
Demand and supply-side evaluations providing actionable intelligence for stakeholders.

Chapter 1. Global Argan Oil Market Executive Summary

1.1. Global Argan Oil Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Category
  - 1.3.1.1. Organic
  - 1.3.1.2. Conventional
- 1.3.2. By Application
  - 1.3.2.1. Food
  - 1.3.2.1.1. Bakery & Confectionery
  - 1.3.2.1.2. Dairy & Frozen Desserts
  - 1.3.2.1.3. Sweet & Savory Snacks
  - 1.3.2.1.4. Others
  - 1.3.2.2. Pharmaceuticals & Nutraceuticals
  - 1.3.2.3. Cosmetics & Personal Care
  - 1.3.2.4. Others
- 1.3.3. By Form
  - 1.3.3.1. Absolute
  - 1.3.3.2. Blend
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Argan Oil Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Argan Oil Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand in Organic and Natural Products
- 3.1.2. Advancements in Extraction and Formulation Technologies
- 3.1.3. Growing Adoption in Cosmetics and Pharmaceuticals
3.2. Market Challenges
- 3.2.1. Limited Supply of Argan Oil
- 3.2.2. Labor-Intensive Extraction Process
3.3. Market Opportunities
- 3.3.1. Expansion in Emerging Markets
- 3.3.2. Innovations in Sustainable Production Practices
- 3.3.3. Government Initiatives Promoting Eco-friendly Packaging

Chapter 4. Global Argan Oil Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Argan Oil Market Size & Forecasts by Category 2022-2032

5.1. Segment Dashboard
5.2. Global Argan Oil Market: Category Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Organic
- 5.2.2. Conventional

Chapter 6. Global Argan Oil Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Argan Oil Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Food
  - 6.2.1.1. Bakery & Confectionery
  - 6.2.1.2. Dairy & Frozen Desserts
  - 6.2.1.3. Sweet & Savory Snacks
  - 6.2.1.4. Others
- 6.2.2. Pharmaceuticals & Nutraceuticals
- 6.2.3. Cosmetics & Personal Care
- 6.2.4. Others

Chapter 7. Global Argan Oil Market Size & Forecasts by Form 2022-2032

7.1. Segment Dashboard
7.2. Global Argan Oil Market: Form Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Absolute
- 7.2.2. Blend

Chapter 8. Global Argan Oil Market Size & Forecasts by Region 2022-2032

8.1. North America Argan Oil Market
- 8.1.1. U.S. Argan Oil Market
  - 8.1.1.1. Category Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.3. Form Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Argan Oil Market
  - 8.1.2.1. Category Breakdown Size & Forecasts, 2022-2032
  - 8.1.2.2. Application Breakdown Size & Forecasts, 2022-2032
  - 8.1.2.3. Form Breakdown Size & Forecasts, 2022-2032
8.2. Europe Argan Oil Market
- 8.2.1. UK Argan Oil Market
- 8.2.2. Germany Argan Oil Market
- 8.2.3. France Argan Oil Market
- 8.2.4. Spain Argan Oil Market
- 8.2.5. Italy Argan Oil Market
- 8.2.6. Rest of Europe Argan Oil Market
8.3. Asia-Pacific Argan Oil Market
- 8.3.1. China Argan Oil Market
  - 8.3.1.1. Category Breakdown Size & Forecasts, 2022-2032
  - 8.3.1.2. Application Breakdown Size & Forecasts, 2022-2032
  - 8.3.1.3. Form Breakdown Size & Forecasts, 2022-2032
- 8.3.2. India Argan Oil Market
- 8.3.3. Japan Argan Oil Market
- 8.3.4. Australia Argan Oil Market
- 8.3.5. South Korea Argan Oil Market
- 8.3.6. Rest of Asia-Pacific Argan Oil Market
8.4. Latin America Argan Oil Market
- 8.4.1. Brazil Argan Oil Market
- 8.4.2. Mexico Argan Oil Market
- 8.4.3. Rest of Latin America Argan Oil Market
8.5. Middle East & Africa Argan Oil Market
- 8.5.1. Saudi Arabia Argan Oil Market
- 8.5.2. South Africa Argan Oil Market
- 8.5.3. Rest of Middle East & Africa Argan Oil Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. L'Oreal S.A.
- 9.1.2. Olvea Group
- 9.1.3. Josie Maran Cosmetics
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. L'Oreal S.A.
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Olvea Group
- 9.3.3. Josie Maran Cosmetics
- 9.3.4. ZineGlob
- 9.3.5. Arganfarm
- 9.3.6. Nadifi Argan Oil
- 9.3.7. Moroccanoil Inc.
- 9.3.8. Purus International
- 9.3.9. Essence of Argan
- 9.3.10. Organic Essence
- 9.3.11. Argan Magic
- 9.3.12. ArganaTree
- 9.3.13. Shea Terra Organics
- 9.3.14. BIOTANIC
- 9.3.15. Kae Cosmetique

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes