Argan Oil Market To Reach $1.40 Billion by 2033

The report “Argan Oil Market By Product Type (Pure/Organic Argan Oil, Refined Argan Oil, Blended Argan Oil), By Gender (Women, Men, Unisex), By Application (Cosmetic & Personal Care, Food & Beverages, Pharmaceuticals) and By Distribution Channel (Online Retail, Supermarkets & Hypermarkets, Specialty Stores, Pharmacies & Drugstores)” is expected to reach USD 1.40 billion by 2033, registering a CAGR of 12.90% from 2026 to 2033, according to a new report by Transpire Insight.

The Global Argan Oil market has gained significant momentum due to rising market demand for natural, organic, personal care, and wellness products. Argan Oil is known to be used across various applications, making it a high-demand product. It is seen as an emerging market, with growing demand seen across developed as well as emerging economies, due to its antioxidant, anti-aging, as well as moisturizing effects. However, the recent recognition of clean label ingredients and chemical-free formulations has driven the market further in regions like North America and Europe, where premium products and organic products are in high demand. Simultaneously, Asia-Pacific markets are embracing the trend of online retail facilities, increasing disposal income levels, and interest in natural beauty products. Thus, online retailing has become an important factor in the progress of traditional retailing in stores such as supermarkets, specialty stores, and pharmacies.

The market expansion is further fueled by innovation in formulation, such as blended oils, as well as unisex, male grooming, and culinary markets. The demand for premium organic products endures, whereas refined argan oil meets cost-sensitive markets for personal care as well as culinary use. Investments in sustainability, quality, as well as certification, have enhanced brand credibility as well as product adoption. Looking ahead, the Argan Oil market is expected to grow steadily as consumers remain focused on health and wellness, natural remedies, and going green. The intersection of consumer lifestyle trends, e-commerce market penetration, and regional market growth creates an opportunity for both well-established and new players in the Argan Oil market space to gain a competitive edge in the overall market.

The Pure/Organic Argan Oil segment is projected to witness the highest CAGR in the Argan Oil during the forecast period.

According to Transpire Insight, Pure and organic argan oil is a leading product in this market, predominantly because it is a chemical-free, high-quality product composition, thereby making it a sought-after ingredient for luxury products. Consumers today require a natural-formula-based product that possesses anti-aging, moisturizing, and nourishing elements. Argan oil is widely being leveraged within high-end products, thereby effortlessly enhancing brand loyalty. Furthermore, sourcing this product from Morocco, being a sustainable practice, widens the scope of its applicability within the North American, European, and Asia-Pacific markets, enabling higher margin structures for selling this product.

The segment has an advantage due to inter-industry usage, including food-grade organic oils used in nutritional supplements and gourmet cooking. Moreover, with online retail penetration, high-end products have become accessible globally. The rising self-care industry also contributes to consistent usage. The cooperation with local cooperatives helps ensure fair trade, an advantage among socially driven individuals.

The Women segment is projected to witness the highest CAGR in the Argan Oil during the forecast period.

Women still constitute the largest category of end-users because of the rising concern for hair care, anti-aging, and skin health. Female customers are also seeking multi-functional products, such as hair serums, face oils, and body moisturizers with argan oil, which is one of the major factors that attract this market in cosmetic and personal care applications. Also, awareness has been increased through marketing campaigns, endorsements by influencers, and social media visibility, especially among urban centers in North America and Europe.

The female segment also fuels premium and organic product demand at an increasing rate, with a greater focus on sustainable, clean-label formulations. Their interest in wellness and natural beauty contributes to higher consumption frequency and brand loyalty among women. Growth in the segment is further undergirded by rising disposable incomes, urbanization, and expansion of e-commerce that enables access to niche and luxury argan oil products with convenience globally.

The Cosmetic & Personal Care segment is projected to witness the highest CAGR in the Argan Oil during the forecast period.

According to Transpire Insight, Cosmetics and personal care has continued to hold the position of the largest application, driven by the diverse benefits of argan oil in hair, skincare, and nail care. Increasing recognition of the importance of natural and cruelty-free options for cosmetics has allowed this application to penetrate widely, from both premium segments and mass products. This application continues to grow with improvements made to product formulas, such as serums, creams, and blends.

High demand in developed regions such as North America and Europe is backed by new trends in the Asia-Pacific region, mainly from wellness trends and natural beauty regimes. Cosmetics and personal care products generate the majority of revenue for the argan oil market, and this trend is set to continue owing to increasing consumer demand for organic, ethical, and sustainable product development.

The Online Retail segment is projected to witness the highest CAGR in the Argan Oil during the forecast period.

Online sales are fast becoming the leading growth platform for argan oil products because of access, product variation, and consumer convenience. Many e-commerce sites, regardless of brand name be it premium or niche have access to consumers worldwide, especially in countries that boast of high internet adoption rates such as North America, Europe, and Asia Pacific.

Consumers are increasingly preferring to purchase organic and specialty argan oil products online, as it is helpful in making informed purchase decisions. There is also minimized dependence on physical mediums, enabling new players to compete with global players in the market, thereby adding to the growth of the market in general.

The North America region is projected to witness the highest CAGR in the Argan Oil during the forecast period.

The Argan Oil market is dominated by the North American region, which can be attributed to the high awareness among consumers coupled with the increasing trend of choosing natural and organic products and the presence of the high internet penetration rate. The U.S. drives the Argan Oil market in North America, owing to the demand for premium product usage in skin care, hair treatment and cosmetics, backed by a strong online retail presence and marketing campaigns through influencers.

The region enjoys a developed framework of regulations, which guarantees product safety, certification, and product quality, hence instilling confidence among consumers. Finally, business growth is propelled by urbanization, increasing discretionary income, and lifestyles, particularly around product cleanliness with multi-functional features for beauty products. The region has strong product offerings from both international and local players, guaranteeing competition, thus ensuring North America remains the leading region.

Key Players

The top 15 players in the Argan Oil market include OLVEA, ARGANisme Cosmetics S.A.R.L, Malakbio, Argane Aouzac, Organica Group Ltd, ARGANBULK, Zidrop Argan Oil, Pure Argan Co, John Masters Organics Inc, Josie Maran Cosmetics Inc, L’Oréal (L’ORÉAL Deutschland GmbH), Biopur Sarl, Zineglob SARL, Brenntag Specialties Inc, and Frontier Natural Products Co?op Ltd.

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