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

January 2025 | 285 pages | ID: G9F69D919CCFEN
Bizwit Research & Consulting LLP

Abstracts

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'Orйal 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
• Kaй Cosmйtique

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.

Contents

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'Orйal 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'Orйal 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. Kaй Cosmйtique

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

12. LIST OF TABLES

TABLE 1. Global Argan Oil Market, Report Scope
TABLE 2. Global Argan Oil Market Estimates & Forecasts by Region 2022-2032 (USD Million/Billion)
TABLE 3. Global Argan Oil Market Estimates & Forecasts by Category 2022-2032 (USD Million/Billion)
TABLE 4. Global Argan Oil Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
TABLE 5. Global Argan Oil Market Estimates & Forecasts by Form 2022-2032 (USD Million/Billion)
TABLE 6. Global Argan Oil Market Estimates & Forecasts by Category 2022-2032 (USD Million/Billion)
TABLE 7. Global Argan Oil Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
TABLE 8. Global Argan Oil Market Estimates & Forecasts by Form 2022-2032 (USD Million/Billion)
TABLE 9. Global Argan Oil Market Estimates & Forecasts by Category 2022-2032 (USD Million/Billion)
TABLE 10. Global Argan Oil Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
TABLE 11. Global Argan Oil Market Estimates & Forecasts by Form 2022-2032 (USD Million/Billion)
TABLE 12. Global Argan Oil Market Estimates & Forecasts by Category 2022-2032 (USD Million/Billion)
TABLE 13. Global Argan Oil Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
TABLE 14. Global Argan Oil Market Estimates & Forecasts by Form 2022-2032 (USD Million/Billion)
TABLE 15. U.S. Argan Oil Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 16. U.S. Argan Oil Market Estimates & Forecasts by Category 2022-2032 (USD Million/Billion)
TABLE 17. U.S. Argan Oil Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
TABLE 18. Canada Argan Oil Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 19. Canada Argan Oil Market Estimates & Forecasts by Category 2022-2032 (USD Million/Billion)
TABLE 20. Canada Argan Oil Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
…..
This list is not complete; the final report does contain more than 100 tables. The list may be updated in the final deliverable.

12. LIST OF FIGURES

FIG 1. Global Argan Oil Market, Research Methodology
FIG 2. Global Argan Oil Market, Market Estimation Techniques
FIG 3. Global Market Size Estimates & Forecast Methods
FIG 4. Global Argan Oil Market, Key Trends 2023
FIG 5. Global Argan Oil Market, Growth Prospects 2022-2032
FIG 6. Global Argan Oil Market, Porter’s 5 Force Model
FIG 7. Global Argan Oil Market, PESTEL Analysis
FIG 8. Global Argan Oil Market, Value Chain Analysis
FIG 9. Global Argan Oil Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 10. Global Argan Oil Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 11. Global Argan Oil Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 12. Global Argan Oil Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 13. Global Argan Oil Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 14. Global Argan Oil Market, Regional Snapshot 2022 & 2032
FIG 15. North America Argan Oil Market 2022 & 2032 (USD Million/Billion)
FIG 16. Europe Argan Oil Market 2022 & 2032 (USD Million/Billion)
FIG 17. Asia-Pacific Argan Oil Market 2022 & 2032 (USD Million/Billion)
FIG 18. Latin America Argan Oil Market 2022 & 2032 (USD Million/Billion)
FIG 19. Middle East & Africa Argan Oil Market 2022 & 2032 (USD Million/Billion)
FIG 20. Global Argan Oil Market, Company Market Share Analysis (2023)
…..
This list is not complete; the final report does contain more than 50 figures. The list may be updated in the final deliverable.