IMARC Group, a leading market research company, has recently released a report titled “Argan Oil Market Report by Type (Conventional, Organic), Form (Absolute, Blend, Concentrate), Application (Personal Care and Cosmetics, Medical, Aromatherapy, Food, Home Cleaning, and Others), Distribution Channel (B2B, B2C), and Region 2025-2033”. The study provides a detailed analysis of the industry, including the global argan oil market share, trends, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global argan oil market size reached USD 370.3 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 758.8 Million by 2033, exhibiting a growth rate (CAGR) of 8.3% during 2025-2033.
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Market Dynamics of the Argan Oil Market
Increasing Demand for Natural and Organic Products
Demand for argan oil is soaring. This rise is due to consumers preferring natural and organic products. As people become more aware of the harmful effects of synthetic ingredients in cosmetics and food, they seek pure and eco-friendly options. Argan oil, with its rich nutrients and health benefits, is popular in skincare, haircare, and cooking. Millennials and Generation Z drive this trend, valuing sustainability, and ethical sourcing. E-commerce platforms make it easier for consumers worldwide to find and buy argan oil products.
By 2025, the demand for organic, sustainably sourced argan oil will keep growing. Brands will need to innovate and expand their offerings to meet these consumer expectations.
Expanding Applications in the Beauty and Personal Care Industry
Argan oil is now a key ingredient in beauty and personal care products. Its moisturizing, anti-aging, and healing properties make it perfect for cosmetics. From face creams to shampoos, argan oil enhances skin and hair health. The “clean beauty” trend pushes brands to use high-quality, natural ingredients, boosting argan oil’s appeal. Social media and influencers also help promote these products. Beauty fans share their experiences, reaching a wider audience. As we approach 2025, the demand for argan oil will create new opportunities for producers and marketers. It’s becoming an essential ingredient in the industry.
Growth of the Culinary Sector
Argan oil’s culinary uses are becoming more popular. Traditionally, it is a staple in Moroccan cooking. Now, chefs and home cooks worldwide embrace its unique flavor and health benefits. Rich in essential fatty acids and antioxidants, argan oil serves as a versatile cooking oil. It also adds nutrition to salads, dips, and marinades. Interest in Mediterranean diets boosts demand for healthy fats and natural ingredients, including argan oil. The trend of gourmet cooking further drives its use in restaurants and food products. As we near 2025, the culinary world will likely appreciate argan oil even more. This growing appreciation will enhance its market presence, prompting producers to find innovative ways to market and distribute this versatile ingredient.
Argan Oil Market Trends
The argan oil market is set for significant growth. This is due to changing consumer preferences and industry dynamics. More people want natural and organic products. They are becoming aware of the ingredients in their skincare and food.
By 2025, sustainability and ethical sourcing will be crucial. Brands will focus on transparency and quality to meet this demand. Argan oil’s versatility in beauty and personal care makes it highly sought after. Its applications in various formulations showcase its effectiveness. The culinary sector is also driving growth. Interest in healthy eating and Mediterranean diets increases the use of argan oil in kitchens worldwide. These trends promise an innovative and sustainable future for the argan oil market. Brands are committed to meeting diverse consumer needs.
Argan Oil Market Report Segmentation:
By Type:
- Conventional
- Organic
Conventional argan oil represents the largest market segment due to its wider availability and lower cost compared to organic options.
By Form:
- Absolute
- Blend
- Concentrate
Absolute argan oil leads the market due to its high concentration and effectiveness in various applications.
By Application:
- Personal Care and Cosmetics
- Medical
- Aromatherapy
- Food
- Home Cleaning
- Others
Aromatherapy holds the largest market share, driven by its increasing popularity for relaxation and therapeutic benefits.
By Distribution Channel:
B2B
B2C
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
Others
B2B stores dominate distribution with their efficient bulk sales and supply chain management capabilities.
Regional Insights:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
North America leads the market, driven by strong demand for premium natural products.
Competitive Landscape with Key Players:
The competitive landscape of the argan oil market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
- Arganbulk
- Argane Aouzac
- Arganfarm sarl. au.
- ARGANisme
- Kamakhya Bottlers
- Konouz Rayyan (PURUS International)
- Lipidine
- Malakbio
- OLVEA Morocco
- Organica Group Ltd.
- Zidrop Argan Oil
- Zineglob Ltd.
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Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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