United States Natural Morocco Argan Oil Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 9.2% from 2024 to 2030.
The US Natural Morocco Argan Oil Market has seen an unprecedented surge in demand over recent years, driven by its multifaceted benefits across various industries. Argan oil, often referred to as "liquid gold," is extracted from the nuts of the Argan tree, indigenous to Morocco. Its rising popularity in the United States stems from its reputation as a versatile, natural product with applications in cosmetics, personal care, food, and pharmaceuticals.
In the cosmetic and personal care industry, Argan oil is prized for its rich content of fatty acids and antioxidants, making it a common ingredient in products aimed at moisturizing, anti-aging, and skin nourishment. With its increasing use in shampoos, conditioners, lotions, and oils, the demand for high-quality, natural Moroccan Argan oil has grown substantially. The beauty industry, especially, is one of the primary drivers of the US Natural Morocco Argan Oil Market, where consumers are willing to pay a premium for products that offer authentic, organic ingredients.
In addition to cosmetics, the food industry has also embraced Argan oil for its rich, nutty flavor and health benefits. Argan oil is known for its high levels of vitamin E, which helps in improving heart health and promoting overall wellness. This has made it a sought-after product in the culinary market, where it is used as a salad dressing, cooking oil, or an ingredient in sauces. The demand from health-conscious consumers in the US has contributed significantly to the market's growth.
The pharmaceutical sector is also tapping into the potential of Argan oil. With its anti-inflammatory properties, Argan oil is increasingly used in treatments for skin conditions like eczema and psoriasis. The medical industry’s growing interest in natural remedies further propels the need for premium quality Argan oil sourced from Morocco.
As the market expands, key factors such as the sustainable sourcing of Argan oil and the certification of organic products are becoming essential for businesses aiming to tap into the US Natural Morocco Argan Oil Market. Companies are focusing on fair-trade practices, ensuring that the oil is ethically sourced, and supporting the local Moroccan communities that produce it. This commitment to quality and sustainability not only meets consumer demand but also enhances the global reputation of Moroccan Argan oil as a luxury, eco-conscious product.
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Oriental Group
ARGANisme
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Natural Morocco Argan Oil Market
Cosmetic Grade Argan Oil
Food Grade Argan Oil
Pharmaceutical Grade Argan Oil
Skin Care Products
Hair Care Products
Food Products
Medicinal Products
Online Retail
Supermarkets and Hypermarkets
Specialty Stores
Health and Beauty Stores
Glass Bottles
Plastic Bottles
Bulk Packaging
Individual Consumers
Beauty Salons and Spas
Healthcare Professionals
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Natural Morocco Argan Oil Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Natural Morocco Argan Oil Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Natural Morocco Argan Oil Market, By Type
6. US Natural Morocco Argan Oil Market, By Application
7. US Natural Morocco Argan Oil Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Natural Morocco Argan Oil Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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