Morocco Argan Oil Market, Global Outlook and Forecast 2024-2030
The global Morocco Argan Oil market size was valued at US$ 567.8 million in 2024 and is projected to reach US$ 823.4 million by 2030, at a CAGR of 6.4% during the forecast period 2024-2030.
The United States Morocco Argan Oil market size was valued at US$ 156.7 million in 2024 and is projected to reach US$ 223.4 million by 2030, at a CAGR of 6.1% during the forecast period 2024-2030.
Morocco Argan Oil is a premium natural oil extracted from argan nuts, primarily used in cosmetic and culinary applications.
The global Morocco Argan Oil market is experiencing steady growth, driven by cosmetic and culinary demands. In 2023, total production reached 5,200 metric tons, with cosmetic applications accounting for 70% of demand. The culinary segment is growing at 7.5% annually. The market saw a 25% increase in demand for certified organic oil in 2023. Cosmetic grade dominates with a 65% market share, while culinary grade is growing at 8% annually. Europe leads with a 45% market share, while North America is the fastest-growing region at 7.2% CAGR. The industry is focusing on developing sustainable harvesting practices, with a 30% growth in community investment programs.
Report Overview
This report provides a deep insight into the global Morocco Argan Oil market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Morocco Argan Oil Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Morocco Argan Oil market in any manner.
Global Morocco Argan Oil Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Oriental Group
SARL AU
ARGANisme
ZINEGLOB
Argan Oil
Market Segmentation (by Type)
Absolute
Concentrate
Blend
Market Segmentation (by Application)
Personal Care & Cosmetics
Medical
Aromatherapy
Food
Home Cleaning
Geographic Segmentation
