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Argan Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global argan oil market size reached US$ 276.9 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 541.1 Million by 2027, exhibiting a growth rate (CAGR) of 12% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Argan oil refers to an organic compound extracted from the kernels of the Argan tree. It is a rich source of vitamin A and E, antioxidants, triterpenoids and omega-6 fatty and linoleic acids. The oil is commercially produced in concentrated, absolute and blended variants, which are used in culinary and cosmetic applications. It can either be applied topically or ingested in the form of a supplement capsule to provide various health benefits, such as treating acne, skin irritation, stretch marks and signs of aging and moisturizing the skin. As a result, the oil is widely used as a key ingredient in various premium-quality personal care products, including lotions, creams, shampoos, soaps and conditioners.

The global argan oil market is primarily being driven by the increasing product utilization in the cosmetic and food and beverage industries. Argan oil is widely used in the manufacturing of various baked products and dairy and frozen desserts across the globe. Furthermore, the widespread adoption of argon oil in the production of pharmaceutical and nutraceutical products is also driving the market growth. Argan oil exhibits various anti-inflammatory, anti-proliferative, antioxidant and analgesic properties, due to which it is extensively being used to produce drugs and medicines for skin-related and other medical conditions. Additionally, various product innovations, such as the launch of organic argan oil packaged in recyclable containers, are acting as other growth-inducing factors. In line with this, it is harvested by using bio-based fertilizers, green manure, bone meal and compost manure for sustainable cultivation and sourcing of the oil. Other factors, including increasing utilization of argan oil in aromatherapy, along with rising expenditure capacities of the consumers, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global argan oil market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, form, application and distribution channel.

Breakup by Type:

  • Conventional
  • Organic
     

Breakup by Form:

  • Absolute
  • Blend
  • Concentrate
     

Breakup by Application:

  • Personal Care and Cosmetics
  • Medical
  • Aromatherapy
  • Food
  • Home Cleaning
  • Others
     

Breakup by Distribution Channel:

  • B2B
  • B2C
    • Supermarkets and Hypermarkets
    • Specialty Stores
    • Online Stores
    • Others
       

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Arganbulk, Argane Aouzac, Arganfarm sarl. au., ARGANisme, Kamakhya Bottlers, Konouz Rayyan (PURUS International), Lipidine, Malakbio, OLVEA Morocco, Organica Group Ltd., Zidrop Argan Oil and Zineglob Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Type, Form, Application, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Arganbulk, Argane Aouzac, Arganfarm sarl. au., ARGANisme, Kamakhya Bottlers, Konouz Rayyan (PURUS International), Lipidine, Malakbio, OLVEA Morocco, Organica Group Ltd., Zidrop Argan Oil and Zineglob Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1   Objectives of the Study
    2.2   Stakeholders
    2.3   Data Sources
        2.3.1   Primary Sources
        2.3.2   Secondary Sources
    2.4   Market Estimation
        2.4.1   Bottom-Up Approach
        2.4.2   Top-Down Approach
    2.5   Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1   Overview
    4.2   Key Industry Trends
5   Global Argan Oil Market
    5.1   Market Overview
    5.2   Market Performance
    5.3   Impact of COVID-19
    5.4   Market Forecast
6   Market Breakup by Type
    6.1   Conventional
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2   Organic
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Form
    7.1   Absolute
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2   Blend
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3   Concentrate
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Application
    8.1   Personal Care and Cosmetics
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2   Medical
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3   Aromatherapy
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4   Food
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5   Home Cleaning
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6   Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9   Market Breakup by Distribution Channel
    9.1   B2B
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2   B2C
        9.2.1   Market Trends
        9.2.2   Major Channels
           9.2.2.1   Supermarkets and Hypermarkets
           9.2.2.2   Specialty Stores
           9.2.2.3   Online Stores
           9.2.2.4   Others
        9.2.3   Market Forecast
10  Market Breakup by Region
    10.1   North America
        10.1.1   United States
            10.1.1.1 Market Trends
            10.1.1.2 Market Forecast
        10.1.2   Canada
            10.1.2.1 Market Trends
            10.1.2.2 Market Forecast
    10.2   Asia-Pacific
        10.2.1   China
            10.2.1.1 Market Trends
            10.2.1.2 Market Forecast
        10.2.2   Japan
            10.2.2.1 Market Trends
            10.2.2.2 Market Forecast
        10.2.3   India
            10.2.3.1 Market Trends
            10.2.3.2 Market Forecast
        10.2.4   South Korea
            10.2.4.1 Market Trends
            10.2.4.2 Market Forecast
        10.2.5   Australia
            10.2.5.1 Market Trends
            10.2.5.2 Market Forecast
        10.2.6   Indonesia
            10.2.6.1 Market Trends
            10.2.6.2 Market Forecast
        10.2.7   Others
            10.2.7.1 Market Trends
            10.2.7.2 Market Forecast
    10.3   Europe
        10.3.1   Germany
            10.3.1.1 Market Trends
            10.3.1.2 Market Forecast
        10.3.2   France
            10.3.2.1 Market Trends
            10.3.2.2 Market Forecast
        10.3.3   United Kingdom
            10.3.3.1 Market Trends
            10.3.3.2 Market Forecast
        10.3.4   Italy
            10.3.4.1 Market Trends
            10.3.4.2 Market Forecast
        10.3.5   Spain
            10.3.5.1 Market Trends
            10.3.5.2 Market Forecast
        10.3.6   Russia
            10.3.6.1 Market Trends
            10.3.6.2 Market Forecast
        10.3.7   Others
            10.3.7.1 Market Trends
            10.3.7.2 Market Forecast
    10.4   Latin America
        10.4.1   Brazil
            10.4.1.1 Market Trends
            10.4.1.2 Market Forecast
        10.4.2   Mexico
            10.4.2.1 Market Trends
            10.4.2.2 Market Forecast
        10.4.3   Others
            10.4.3.1 Market Trends
            10.4.3.2 Market Forecast
    10.5   Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1   Overview
    11.2   Strengths
    11.3   Weaknesses
    11.4   Opportunities
    11.5   Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1   Overview
    13.2   Bargaining Power of Buyers
    13.3   Bargaining Power of Suppliers
    13.4   Degree of Competition
    13.5   Threat of New Entrants
    13.6   Threat of Substitutes
14  Price Analysis
15  Competitive Landscape
    15.1   Market Structure
    15.2   Key Players
    15.3   Profiles of Key Players
        15.3.1   Arganbulk
            15.3.1.1 Company Overview
            15.3.1.2 Product Portfolio
        15.3.2   Argane Aouzac
            15.3.2.1 Company Overview
            15.3.2.2 Product Portfolio
        15.3.3   Arganfarm sarl. au.
            15.3.3.1 Company Overview
            15.3.3.2 Product Portfolio
        15.3.4   ARGANisme
            15.3.4.1 Company Overview
            15.3.4.2 Product Portfolio
        15.3.5   Kamakhya Bottlers
            15.3.5.1 Company Overview
            15.3.5.2 Product Portfolio
        15.3.6   Konouz Rayyan (PURUS International)
            15.3.6.1 Company Overview
            15.3.6.2 Product Portfolio
        15.3.7   Lipidine
            15.3.7.1 Company Overview
            15.3.7.2 Product Portfolio
        15.3.8   Malakbio
            15.3.8.1 Company Overview
            15.3.8.2 Product Portfolio
        15.3.9   OLVEA Morocco
            15.3.9.1 Company Overview
            15.3.9.2 Product Portfolio
        15.3.10   Organica Group Ltd.
            15.3.10.1 Company Overview
            15.3.10.2 Product Portfolio
        15.3.11   Zidrop Argan Oil
            15.3.11.1 Company Overview
            15.3.11.2 Product Portfolio
        15.3.12   Zineglob Ltd.
            15.3.12.1 Company Overview
            15.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Argan Oil Market: Major Drivers and Challenges
Figure 2: Global: Argan Oil Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Argan Oil Market: Breakup by Type (in %), 2021
Figure 5: Global: Argan Oil Market: Breakup by Form (in %), 2021
Figure 6: Global: Argan Oil Market: Breakup by Application (in %), 2021
Figure 7: Global: Argan Oil Market: Breakup by Distribution Channel (in %), 2021
Figure 8: Global: Argan Oil Market: Breakup by Region (in %), 2021
Figure 9: Global: Argan Oil (Conventional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Argan Oil (Conventional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Argan Oil (Organic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Argan Oil (Organic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Argan Oil (Absolute) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Argan Oil (Absolute) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Argan Oil (Blend) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Argan Oil (Blend) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Argan Oil (Concentrate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Argan Oil (Concentrate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Argan Oil (Personal Care and Cosmetics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Argan Oil (Personal Care and Cosmetics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Argan Oil (Medical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Argan Oil (Medical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Argan Oil (Aromatherapy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Argan Oil (Aromatherapy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Argan Oil (Food) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Argan Oil (Food) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Argan Oil (Home Cleaning) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Argan Oil (Home Cleaning) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Argan Oil (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Argan Oil (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Argan Oil (B2B) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Argan Oil (B2B) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Argan Oil (B2C) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Argan Oil (B2C) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: North America: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North America: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: United States: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: United States: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Canada: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Canada: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Asia-Pacific: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Asia-Pacific: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: China: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: China: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Japan: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Japan: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: India: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: India: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: South Korea: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: South Korea: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Australia: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Australia: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Indonesia: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Indonesia: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Europe: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Europe: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Germany: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Germany: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: France: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: France: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: United Kingdom: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: United Kingdom: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Italy: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Italy: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Spain: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Spain: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Russia: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Russia: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Latin America: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Latin America: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Brazil: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Brazil: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Mexico: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Mexico: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Middle East and Africa: Argan Oil Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Middle East and Africa: Argan Oil Market: Breakup by Country (in %), 2021
Figure 83: Middle East and Africa: Argan Oil Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Global: Argan Oil Industry: SWOT Analysis
Figure 85: Global: Argan Oil Industry: Value Chain Analysis
Figure 86: Global: Argan Oil Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Argan Oil Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Argan Oil Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Argan Oil Market Forecast: Breakup by Form (in Million US$), 2022-2027
Table 4: Global: Argan Oil Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Argan Oil Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 6: Global: Argan Oil Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Argan Oil Market: Competitive Structure
Table 8: Global: Argan Oil Market: Key Players


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Key Questions Answered in This Report

The global argan oil market was valued at US$ 276.9 Million in 2021.

We expect the global argan oil market to exhibit a CAGR of 12% during 2022-2027.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of argan oil.

The rising demand for argan oil in the pharmaceutical sector for skin-related and other medical conditions, owing to its various anti-inflammatory, anti-proliferative, antioxidant and analgesic properties, is primarily driving the global argan oil market.

Based on the type, the global argan oil market has been divided into conventional and organic, where conventional currently exhibits a clear dominance in the market.

Based on the form, the global argan oil market can be categorized into absolute, blend, and concentrate. Currently, absolute accounts for the majority of the global market share.

Based on the application, the global argan oil market has been segregated into personal care and cosmetics, medical, aromatherapy, food, home cleaning, and others. Among these, aromatherapy currently holds the largest market share.

Based on the distribution channel, the global argan oil market can be bifurcated into B2B and B2C. Currently, B2B exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America, including the United States currently dominates the global market.

Some of the major players in the global argan oil market include Arganbulk, Argane Aouzac, Arganfarm sarl. au., ARGANisme, Kamakhya Bottlers, Konouz Rayyan (PURUS International), Lipidine, Malakbio, OLVEA Morocco, Organica Group Ltd., Zidrop Argan Oil, and Zineglob Ltd.

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