The globa Argan Oil Market Size is anticipated to reach USD 427.05 million by 2030, registering a CAGR of 20.38% during 2022-2030

Argan Oil Market Overview:

The demand for many premium beauty products infused with argan oil has increased significantly in recent years. Rapid shift in consumer preference from man-made chemical products to organic products is likely to increase the demand for argon oil. Argan oil has rapidly penetrated the personal care industry over the past decade; the emergence of skincare and cosmetic products containing argan oil is expected to shape the market growth opportunities over the next decade.

Argan oil is usually extracted from the fruit of the argan tree by mechanical or manual processes. Earlier, oil was obtained through an artisanal process; however, with advancements in technology, market players can ensure the production of high-quality oil in less time. Argan oil is gaining increasing popularity mainly in the cosmetic and personal care industries for its advanced properties; for example, high levels of anti-inflammatory, antioxidant effects, and other notable benefits for hair and skin care. Many men's grooming products, such as waxes, skin creams, hair and beard oils, and body washes, contain argan oil, along with some other types of essential oils.

Argan Oil market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Argan Oil market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.

The global Argan Oil market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.

Significant Argan Oil Market Dynamics and Growth Factors:

Argan oil is used as an active ingredient in the personal care and cosmetic industries. Due to its anti-aging properties, the product is gaining popularity in many cosmetic formulations such as serums, lip balms, lip glosses, face oils and more. Industry players such as L'Oreal, Lakmé and Sephora have developed argan oil-based cosmetic product lines. Growing preference for natural and organic products is expected to drive the demand for argan oil in cosmetics.

Market growth is expected to be driven by rising demand from food, cosmetics, and medical industries. However, the supply of the product is limited due to the climatic conditions in the Moroccan region that limit cultivation, but the demand is growing at a significant rate. The growing popularity of argan oil and its benefits has fueled R&D activities and spawned several startups across the globe. Organic Ltd., IZIL Beauty, and KENZA International Beauty are some of the start-up companies involved in the development and distribution of Argan Oil and Argan Oil-based products. These factors are expected to drive the argan oil market demand over the forecast period.

Industry News:

• In May 2022, One 'n Only will expand its selection of color removal products with the new Colorfix Hair Color Remover. It is produced with 100% argan oil and effectively removes semi-permanent hair color while nourishing and protecting hair from damage.
  
• In June 2021, The Creme of Nature Collection with Argan Oil of Morocco announced the fresh and contemporary packaging, and the company promotes it using the ShineDifferent. The ethnic brand offers care and styling items blended with Moroccan argan oil, which is certified organic. The product line does not use mineral oil, petroleum jelly or sulfates in its formulation.

Top Key Players include in the Argan Oil Market are
OLVEA Morocco, ARGANisme Cosmetics S.A.R.L, Zineglo, Saadia Organics, Essence Of Argan, Biopur, Argan Diva, Josie Maran Cosmetics, Argan Liquid Gold, NadifiArgan, SidiYassine, Marogonia, VimaSouss, Malak Bio, Amorre, BioAdorates, Zineglob, Mabioma and others.

The Argan Oil market research report is categorized based on type, applications and region.

On the Basis of Type:

• Cosmetic Argan Oil
• Culinary Argan Oil

On the Basis By Application:

• Therapeutics Argan Oil
• Aromatherapy Argan Oil
• Food & Beverages Argan Oil
• Cosmetics& Personal Care Argan Oil
• Medical
• Cleaning and Home
• Others

By Form type:

• Absolute
• Blend
• Concentrate

On the Basis of Region:

Geographically, the global Argan Oil market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Argan Oil region is dominating this market in the upcoming future.

Asia Pacific holds the largest market share in the global argan oil market. Europe is one of the major consumers of argan oil among all regions. The European market holds the largest market share in the personal care and cosmetics industry. Cosmetics are mainly manufactured in Europe through solvent extraction of nuts, which are mainly used in the preparation of moisturizers, shampoos and anti-wrinkle cosmetics. In addition, Europe has been mainly engaged in biopharmaceutical research. Pharmaceutical companies in Europe already produce bio-based medicines for a variety of diseases, such as cancer, hypertension, diabetes and cardiovascular disease.

North America is also one of the major consumers of argan oil owing to rising consumption of bio-based personal care, cosmetics, and aromatherapy products. Using argan oil in aromatherapy can improve the health of the body, mind and spirit. Aromatherapy massage helps bring balance to the body, reduces stress, and supports various bodily functions to fight infection. Hence, these benefits of aromatherapy products became popular in North America. Moreover, they are ubiquitously available in professional salons and online shopping malls, thereby increasing the demand for argan oil globally.

Further the regions are divided into countries as follows

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Argan Oil Market report scope

Report Attributes	Details
Growth Rate	CAGR of 20.38% during the forecast period.
By Type	Cosmetic Argan Oil, Culinary Argan Oil
By Application	Therapeutics Argan Oil, Aromatherapy Argan Oil, Food & Beverages Argan Oil, Cosmetics& Personal Care Argan Oil, Medical, Cleaning and Home, Others
By Companies	OLVEA Morocco, ARGANisme Cosmetics S.A.R.L, Zineglo, Saadia Organics, Essence Of Argan, Biopur, Argan Diva, Josie Maran Cosmetics, Argan Liquid Gold, NadifiArgan, SidiYassine, Marogonia, VimaSouss, Malak Bio, Amorre, BioAdorates, Zineglob, Mabioma and others.
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

 

The major key questions addressed through this innovative research report:

What are the major challenges in front of the global Argan Oil market?

Who are the key vendors of the global Argan Oil market?

What are the leading key industries of the global Argan Oil market?

Which factors are responsible for driving the global Argan Oil market?

What are the key outcomes of SWOT and Porter’s five analysis?

What are the major key strategies for enhancing global opportunities?

What are the different effective sales patterns?

What will be the global market size in the forecast period?

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