Argan Oil market expected to reach $793.01 million by 2032, driven by consumer demand for natural products.

From GlobeNewswire: 2025-06-25 10:30:00

The global Argan Oil market was valued at USD 375.44 million in 2024 and is projected to reach USD 793.01 million by 2032, growing at a CAGR of 9.80%. Increasing consumer interest in natural and organic products is driving demand in personal care and culinary sectors worldwide.

The U.S. Argan Oil market, valued at USD 88.84 million in 2024, is expected to grow significantly due to rising consumer preference for natural beauty and wellness products. Organizations like the USDA and companies like Josie Maran are promoting awareness through sustainable practices and product innovation.

Cosmetic Grade Argan Oil dominated the market in 2024 with a 65.8% market share, favored for skincare, haircare, and anti-aging benefits. North America and Europe’s preference for natural beauty products fuels demand, while Culinary Grade remains niche. The versatile ingredient is key in top-selling lines by leading brands.

Personal Care and Cosmetics accounted for 57.0% of the Argan Oil market in 2024, driven by its use in skincare, haircare, and anti-aging products. Consumers increasingly opt for natural formulations, supported by regulation. Vegan and cruelty-free beauty trends further propel adoption, making Argan Oil a sought-after ingredient in clean beauty products.

North America led the Argan Oil market in 2024 with a 34% market share, driven by consumer awareness of natural and organic beauty products. FDA approvals and USDA certifications enhance trust in Argan Oil-based products. Brands like Josie Maran promote sustainability and attract premium purchases. E-commerce platforms and marketing campaigns targeting skin and hair benefits also contribute to regional growth.



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