Global Morocco Argan Oil Market by Form (Concentrate, Absolute, Blend), by Type (Organic, Natural) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2018, the size of the Moroccan argan oil market was USD 70.3 million. This market is forecast to grow at a CAGR 20.7% during the forecast period. The market will be driven by growing consumer preference for natural ingredients in hair care and skincare products. It has antioxidant and cardiovascular protection properties, as well as triacylglycerol (cholesterol-lowering) effects.

Morocco oil is rich in ingredients like lupeol and omega-3 & 6 fatty acids, antioxidants tocopherols. It also contains beta amyrine, butyrospermol, triterpenoids, and antioxidants. This complex mix of ingredients has led to many manufacturers of cosmetics, medical, aromatherapy, and other products including Moroccan argan oil. This will, in turn, boost Morocco's argan oil market growth in the next few years.

In order to maintain healthy hair and skin, manufacturers of cosmetic products are likely to increase their use of argan oil in advanced cosmetics. These initiatives will drive demand for Morocco argan oils in the cosmetics industry segment. The global product demand is increasing due to a shift in consumer preference towards a healthier lifestyle. Healthy lifestyles that are low in fat and high in nutrients lead to increased demand for vegetable oils, including argan oil.

The organic personal care market includes a variety of products, including cosmetics, skincare, and oral care. The natural appeal of these products is a key characteristic that attracts customers. Organic personal care products are made with minimal or no synthetic ingredients, which increases their effectiveness.

Technological innovation has been a key factor in Morocco's production process. It has replaced the manual extraction process by machines. This has allowed for increased argan oil production in a shorter time. In the future, it is expected that modification of the biochemical components via various extraction processes will play an important part.

Type Insights

The market demand for organic argan oil is expected to rise due to its increasing use as an active ingredient in cosmetics and as a clean product. Organic argan oil can also be used for body massages to restore skin's moisture. A healthy and radiant skin is possible by ensuring that the skin has adequate moisture.

Morocco is the northernmost African country where the trees that produce oil and the seeds from them are found. These trees can be found in South Morocco between the Anti-Atlas Mountains and the High Atlas. These areas produce the finest argan oil and have many beneficial health and medicinal properties.

The main use of organic oil in cosmetics production is as a key ingredient. Flash distillation and solvent extraction are two of the many manufacturing processes that are used to produce organic argan oil from Morocco. These processes can be tedious and time-consuming.

Argan oil is now officially allowed to be used with a credential indicating its geographical origin. This protects products from a specific geographical origin or areas with particular abilities. These norms also apply to argan oil. Only products made from argan oil that is grown naturally in Morocco are allowed to be sold on the market.

Form Insights

Absolute is a concentrated product that is obtained from plant kernels using solvent extraction techniques. This form is made by pulverizing the kernels and then allowing them to be suspended in solvents. The solvents are then vaporized to extract the oil after a series of similar processes. Some solvents can remain in the oil. To prevent fatty acid oxidation, oil can be added with tocopherols and ascorbyl palmitate.

The product can also be extracted using traditional and mechanical methods. Absolutes are used in perfumery, aromatherapy and cosmetic products. Moroccan consumers are inclined to use traditional products. This segment is expected to grow due to rising consumer demand for argan-based cosmetics and increased consumption of blends in the topical application sector.

Distribution Channel Insights

Because of the presence of multinational brands like Avon, Oriflame Cosmetics and Bio Agadir, Morocco's local market is very competitive. Moroccan Argan oil products can be found in supermarkets and hypermarkets all over the country. Manufacturers are focusing on positioning themselves to take advantage of the changes in retailing in Morocco. Over the forecast period, this will also drive specialty retail sales for this oil and infused cosmetics.

Due to the increasing purchasing power and infrastructure development, specialty retailers are one of Morocco's fastest-growing distribution channels. According to the Moroccan Investment Development Agency, retail sector was responsible for over 13% of the country's labor force and accounted for 12% GDP between 2016 and 2017. This will attract franchises and foreign brands to Morocco.

Application Insights

The largest market segment for personal care and cosmetics was the cosmetics industry. It accounted to USD 27.6 millions in 2018. This segment's growth can be attributed largely to increasing consumer awareness about their skin and hair. Cosmetics can be used for hair care and skincare. Skincare includes moisturizers, antiaging products, skin-enhancing creams, and environmental defense products.

Morocco argan oil can be applied directly to the skin and helps reduce skin irritation, inflammation, wrinkles, and skin pustules. Because it has a moisturizing and softening effect on skin, it is widely used in cosmetic products. It is also known to prevent skin aging and has scar-healing capabilities. Morocco argan oil can be used to treat skin conditions. It is high in vitamins E and antioxidants.

Market Share Insights & Key Companies

Moroccan argan oil producers have used traditional and modern processes to produce the oil for various uses, including cosmetics, medicine, food, and food. A number of cooperatives exist in Morocco, where women work in production and transportation to refineries for further processing. Among the key manufacturers are Oriental Group, SARL AU and ARGANisme.

There are many distributors, wholesalers and traders of Morocco argan oil. Argan Oil Inc. and Argan Export Company are some of the market participants. Morocco's market players are highly integrated. Arganfarm works with emerging market players to offer them private labeling services. This helps them increase their market presence.

Morocco Argan Oil Market Report Scope

The Report Covers Certain Segments

This report provides a forecast of revenue growth at the country level as well as an analysis on industry trends in each sub-segment from 2014 to 2025. Grand View Research has divided the Morocco argan oil market by type, form, and distribution channel.

• Type Outlook (Volume and Tons; Revenue USD Million, 2014-2025)

  • Nature

  • Organic

• Form Outlook (Volume and Tons; Revenue USD Millions, 2014-2025)

  • Absolute

  • Concentrate

  • Mix

• Application Outlook (Volume and Tons; Revenue USD Millions, 2014-2025)

  • Personal Care & Cosmetics

  • Medical

  • Aromatherapy

  • Food

  • Cleaning & Home

• Distribution Channel Outlook (Volume and Tons; Revenue USD Million, 2014-2025)

  • Supermarket/Hypermarket

  • Retailer of specialty products

  • Online Stores

  • Other

These are the most frequently asked questions about this report

b. The size of the morocco argan oil industry was estimated at USD 84.1 Million in 2019, and is projected to rise to USD 101.1 Million in 2020.

b. The market for morocco argan oils is expected to grow at a compound annual rate of 20.7% between 2019 and 2025, reaching USD 155.1 million in 2025.

b. With a 39.4% share in 2019, Personal Care & Cosmetics dominated morocco's argan oil market. This is due to growing awareness of vegan cosmetics

b. b.

b. The market growth is driven by the fact that manufacturers of personal care and cosmetic products tend to increase argan oil consumption in advanced cosmetic solutions. This helps maintain healthy hair and skin.

Up Market Research published a new report titled “Morocco Argan Oil Market research report which is segmented by Form (Concentrate, Absolute, Blend), by Type (Organic, Natural), By Players/Companies ARGANisme, Bio Agadir, OLVEA and ZINEGLOB, SARL AU, Malakbio, Arganfarm, Oriental Group”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Morocco Argan Oil Market Report Segments:

The market is segmented by Form (Concentrate, Absolute, Blend), by Type (Organic, Natural).

Morocco Argan Oil Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Morocco Argan Oil Market

Overview of the regional outlook of the Morocco Argan Oil Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Morocco Argan Oil Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Morocco Argan Oil Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Concentrate

                2. Absolute

                3. Blend

                1. Organic

                2. Natural

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Morocco Argan Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Morocco Argan Oil Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.