Argan Oil Market Growth Opportunities & Forecasted Outlook by Fact MR The global sales of argan oil are expected to experience a significant Compound Annual Growth Rate (CAGR) of 9.6% from 2022 to 2032. Currently valued at US$ 320 million, the global argan oil market (Argan oljemarknad) is forecasted to reach US$ 800 million by the conclusion of 2032. This notable growth trajectory underscores the increasing demand for argan oil worldwide, driven by its diverse applications in cosmetics, food, and pharmaceuticals, as well as growing consumer awareness of its health and beauty benefits. Want Full Report? Enquire Here-https://www.factmr.com/report/86/argan-oil-market The argan oil market is characterized by its unique properties and diverse applications in various industries, including cosmetics, food, and pharmaceuticals. Derived from the kernels of the argan tree native to Morocco, argan oil is renowned for its rich composition of essential fatty acids, antioxidants, and vitamins. With its moisturizing, nourishing, and anti-inflammatory properties, argan oil has gained popularity as a key ingredient in skincare products, haircare formulations, and culinary delicacies. Moreover, the sustainable harvesting and production methods employed in the argan oil industry contribute to its appeal as a premium and environmentally conscious product.