Global Argania Spinosa Kernel Oil Market Size To Exceed USD 940.56 Million By 2033: Forecast Analysis Report

Global Argania Spinosa Kernel Oil Market Size To Exceed USD 940.56 Million By 2033          

According to a research report published by Spherical Insights & Consulting, The Global Argania Spinosa Kernel Oil Market Size is Expected to Grow from USD 330.36 Million in 2023 to USD 940.56 Million by 2033, at a CAGR of 11.03% during the forecast period 2023-2033. 

Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Argania Spinosa Kernel Oil Market Size, Share, and COVID-19 Impact Analysis, By Type (Conventional and Organic), By Form (Absolute and Blend), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

The global supply and demand for Argania Spinosa Kernel Oil, a natural oil made from the Moroccan argan tree, is referred to as the Argania Spinosa Kernel Oil market.  Personal care, industrial applications, and food and beverage (cosmetics, skincare) are all included in this market. Rich and amber in color, natural Argania Spinosa Kernel Oil is suitable for skin, hair, and even cooking.  This multipurpose oil, also referred to as miracle oil or liquid gold, is made from argan nuts, which are usually found growing in southwestern Morocco. Furthermore, the market is anticipated to grow due to rising demand from the personal care & cosmetics, medical, and culinary sectors.  This is because consumers are becoming more conscious of the significance of enhancing their overall appearance and lifestyle, and the personal care and cosmetics industry is growing. People are moving from synthetic to natural personal care products as a result of the increasing prevalence of skin and hair conditions like dermatitis, acne, dry and damaged hair, and skin aging issues worldwide. However, adulteration, restricted production because of geographic limitations and labor-intensive extraction, and high production costs are some of the issues facing the Argania Spinosa Kernel Oil market.

The conventional segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the type, the global argania spinosa kernel oil market is divided into conventional, organic. Among these, the conventional segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growing demand for argan-based cosmetics is the reason for this segment's high share. The kernels of the argan tree are used to make traditional Argania Spinosa Kernel Oil, which is a good source of essential fatty acids and other nutrients. Conventional Argania Spinosa Kernel Oil is typically refined into edible and cosmetic grades.

The absolute segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the form, the global argania spinosa kernel oil market is divided into absolute and blend. Among these, the absolute segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The rising demand for the product's absolute forms in cosmetics, aromatherapy, and medical applications is driving market growth.

North America is anticipated to hold the highest share of the global argania spinosa kernel oil market over the projected period.

North America is anticipated to hold the highest share of the global argania spinosa kernel oil market over the projected period. The increasing use of bio-based cosmetics, personal care items, and aromatherapy products was blamed for this.  It is used in aromatherapy to support mental, spiritual, and physical well-being. Aromatherapy massage helps many bodily functions fight off illnesses, balances the body, and lowers stress.  This is because aromatherapy products are now widely accessible in specialty shops and online shopping malls across North America.

Europe is estimated to grow at the fastest CAGR in the global argania spinosa kernel oil market during the forecast period. In 2018, the European Union's pharmaceutical market was making it the second-largest pharmaceutical market globally. The European market is dominated by the personal care and cosmetics industries.  The product, which is mostly processed in Europe by solvent extraction of kernels, is used mainly for shampoos, moisturizers, and anti-wrinkle cosmetics.

Company Profiling

Major vendors in the global argania spinosa kernel oil market are OLVEA, ARGANisme, Pure Argan Co., DSM, Malakbio, Lipidine, Argane Aouzac, Organica Group Ltd., and Arganfarm sarl. au., Zidrop Argania Spinosa Kernel Oil, and ARGANBULK and others. 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development 

• In February 2025, with the introduction of its first exquisite fragrance, L'Originale Eau de Parfum, Moroccanoil, the world leader in Argania Spinosa Kernel Oil-infused cosmetics, invites customers to travel to the Mediterranean.  Longtime brand devotees around the world eagerly await this evocative scent, which blends velvet woods, spicy amber, and sweet florals to create the perfect opulent getaway.  L'Originale is as exotic, untamed, and majestic as the windswept cliffs that served as its inspiration. It is a potent call to travel, explore the uncharted, and find the remarkable.

Market Segment

This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global argania spinosa kernel oil market based on the below-mentioned segments: 

Global Argania Spinosa Kernel Oil Market, By Type  

• Conventional
• Organic

Global Argania Spinosa Kernel Oil Market, By Form     

• Absolute
• Blend

Global Argania Spinosa Kernel Oil Market, By Regional 

• North America 
  • US
  • Canada
  • Mexico
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America 
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa 
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa