Global Argan Oil Market Size & Outlook, 2019-2030
Global argan oil market, 2018-2030 (US$M)
Related Markets
Global argan oil market highlights
- The global argan oil market generated a revenue of USD 233.0 million in 2019 and is expected to reach USD 712.5 million by 2030.
- The market is expected to grow at a CAGR (2020 - 2030) of 10.7% by 2030.
- In terms of segment, natural accounted for a revenue of USD 139.6 million in 2019.
- Organic is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2019.
- Country-wise, Morocco is expected to register the highest CAGR from 2020 to 2030.
Global data book summary
| Market revenue in 2019 | USD 233.0 million |
| Market revenue in 2030 | USD 712.5 million |
| Growth rate | 10.7% (CAGR from 2019 to 2030) |
| Largest segment | Natural |
| Fastest growing segment | Organic |
| Historical data covered | 2018 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural, Organic |
Other key industry trends
- In terms of revenue, the North America accounted for 34.0% of the global argan oil market in 2019.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Morocco is the fastest growing regional market and is projected to reach USD 97.0 million by 2030.
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Argan Oil Market Scope
Argan Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global argan oil market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to argan oil market will help companies and investors design strategic landscapes.
Natural was the largest segment with a revenue share of 59.91% in 2019. Horizon Databook has segmented the Global argan oil market based on natural, organic covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Argan Oil Type Outlook (Revenue, USD Million, 2018-2030)
- Natural
- Organic
- Global Argan Oil Form Outlook (Revenue, USD Million, 2018-2030)
- Absolute
- Blend
- Concentrate
- Global Argan Oil Application Outlook (Revenue, USD Million, 2018-2030)
- Personal Care and Cosmetics
- Medical
- Aromatherapy
- Food
- Global Argan Oil Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- B2B
- B2C
- supermarket/hypermarket
- specialty retailer
- online
- others
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Our clientele includes a mix of argan oil market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global argan oil market , including forecasts for subscribers. This global databook contains high-level insights into Global argan oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global argan oil market size, by region, 2018-2030 (US$M)
Top 10 countries: Argan oil market size, 2019 (US$M)
Global argan oil market share, by type, 2019 & 2030 (%, US$M)
Argan oil market: Opportunity assessment by country
Global argan oil market, by region, 2019 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 71.4 | 79.2 | 84.6 | 94.1 | 105.0 | 117.4 | 131.4 | 147.5 | 166.0 | 186.8 | 210.4 | 238.1 | 269.7 | 11.8% |
| Europe | 68.9 | 75.1 | 78.8 | 86.5 | 95.1 | 104.6 | 115.4 | 127.7 | 141.5 | 157.6 | 174.9 | 195.3 | 218.4 | 10.2% |
| Asia Pacific | 30.9 | 34.0 | 35.9 | 39.7 | 43.9 | 48.7 | 54.1 | 60.3 | 67.2 | 75.2 | 84.3 | 94.7 | 106.6 | 11.0% |
| Latin America | 2.5 | 2.6 | 2.7 | 3.0 | 3.3 | 3.6 | 3.9 | 4.3 | 4.7 | 5.2 | 7.0 | 7.8 | 8.7 | 11.4% |
| MEA | 39.0 | 42.1 | 43.9 | 47.7 | 52.2 | 57.0 | 62.4 | 68.2 | 74.8 | 82.2 | 90.2 | 98.9 | 109.3 | 9.1% |
| Overall | 212.7 | 233.0 | 245.8 | 270.9 | 299.5 | 331.3 | 367.1 | 408.0 | 454.2 | 507.0 | 566.8 | 634.7 | 712.6 | 10.7% |
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