Argan oil market is expected to grow at 10.5% by 2031. Argan oil is produced from argan tree having origins from Morocco. Although, argan oil finds profound applications in cosmetics, medical and food, it is used extensively in cosmetic products such as hair care, skin care, and make-up products. Commercialization of argan oil across the globe is growing rapidly, attributed to its benefits in cosmetic products and as dietetic ingredient. Undergoing extensive research and development of argan oil is anticipated to increase its application in medical segment. Furthermore, argan oil has properties such as presence of fatty acids namely omega-3 and omega-6, triterpenoids, lupeol and other vitamins and nutrients offer opportunity to the oil to be used in different products. Owing to demand for improved vitamins and nutrients among consumers across the globe, demand for argan oil will stimulate in the near future. Also, improvements in extraction process of argan oil, increased production capacity and increasing awareness among consumers for argan oil ingredient offer sustainable growth to the argan oil market during the forecast period.

Since, argan oil is majorly produced in Morocco, Middle East and Africa dominated the argan oil consumption as compared to other regions. On the other hand, Asia Pacific is potential market for players to invest in. Growing consumer awareness and availability of argan oil products through online and franchise outlets supports the demand for argan oil in the region. Also, availability of products such as styling iron with argan oil coating, hair brushes with argan oil, different make-up products with argan oil have led towards development of better and efficient argan oil formulations, thus resulting in significant argan oil market growth.

Key Players Identified for Argan Oil Market Include but are Not Limited to:

Nadifi Argan, Argan Liquid Gold, Josie Maran Cosmetics, OLVEA, Argan Diva, Biopur, Essence Of Argan, Saadia Organics, Zineglob, Pure Argan Co., DSM, Malakbio, Lipidine, Argane Aouzac, Organica Group Ltd., Arganfarm sarl. au., Zidrop Argan Oil, and Other Notable Players.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Argan Oil market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Argan Oil market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Argan Oil market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Argan Oil market?
• Which is the largest regional market for Argan Oil market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Argan Oil market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Argan Oil market worldwide?