Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Morocco Argan Oil Market Size is Expected to Grow from USD 1.2 Billion in 2023 to USD 3.0 Billion by 2033, at a CAGR of 9.60% 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 Morocco Argan Oil Market Size, Share, and COVID-19 Impact Analysis, By Type (Natural, Organic), By Form (Absolute, Blend, Concentrate), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The Morocco argan oil market encompasses the production, distribution, and application of argan oil derived from the kernels of the argan tree (Argania spinosa), which is indigenous to Morocco. Renowned for its rich content of essential fatty acids, vitamin E, and antioxidants, argan oil is utilized across various industries, including cosmetics, personal care, culinary, and pharmaceuticals. Moreover, the Morocco argan oil market is driven by rising global demand for natural and organic personal care products, especially in skincare and haircare. Its rich antioxidant and moisturizing properties, along with increasing awareness of sustainable and fair-trade sourcing, significantly boost its popularity across the cosmetic, culinary, and pharmaceutical sectors. However, the Morocco argan oil market faces restraints such as high production costs, limited raw material supply, and labor-intensive extraction methods, which lead to premium pricing and restrict broader market accessibility.
The natural segment accounted for the largest share of the global morocco argan oil market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on type, the global morocco argan oil market is divided into natural, and organic. Among these, the natural segment accounted for the largest share of the global morocco argan oil market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This dominance is attributed to its widespread availability, established supply chains, and competitive pricing compared to organic variants. Natural argan oil is commonly used in various applications, including personal care and cosmetics, due to its beneficial properties and affordability.
The absolute segment accounted for a substantial share of the global Morocco argan oil market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of the form, the global morocco argan oil market is divided into absolute, blend, and concentrate. Among these, the absolute segment accounted for a substantial share of the global morocco argan oil market in 2023 and is anticipated to grow rapidly during the projected period. This form is highly valued in the cosmetics and personal care sectors for its purity and efficacy. It is predominantly used in premium products due to its unadulterated nature and high concentration of active compounds.
North America is projected to hold the largest share of the global Morocco argan oil market over the projected period.
North America is projected to hold the largest share of the global Morocco argan oil market over the projected period. The demand for natural beauty products and luxury skincare drives market growth, particularly in the U.S. and Canada. Increasing consumer preference for organic and sustainable ingredients in cosmetics and wellness products boosts the region's dominance.
Europe is expected to grow at the fastest CAGR of the global Morocco argan oil market during the projected period. Driven by strong demand for organic and natural skincare products, particularly in countries like France, Germany, and the UK, the region values high-quality, sustainably sourced argan oil for use in cosmetics, personal care, and luxury wellness products.
Company Profiling
Major vendors in the global Morocco argan oil market are Oriental Group, SARL AU, ARGANisme, ZINEGLOB, and Others.
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global morocco argan oil market based on the below-mentioned segments:
Global Morocco Argan Oil Market, By Type
Global Morocco Argan Oil Market, By Form
Global Morocco Argan Oil Market, By Regional
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