India Argan Oil Market Size & Outlook, 2026-2033
- Specialty & Fine Chemicals
- Personal Care & Cosmetic Ingredients
- Argan Oil Market Outlook
- Personal Care & Cosmetic Ingredients
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India argan oil market highlights
- The India argan oil market generated a revenue of USD 1.4 million in 2025 and is expected to reach USD 3.3 million by 2033.
- The India market is expected to grow at a CAGR of 10.9% from 2026 to 2033.
- In terms of segment, conventional was the largest revenue generating type in 2025.
- Organic is the most lucrative type segment registering the fastest growth during the forecast period.
Argan oil market data book summary
| Market revenue in 2025 | USD 1.4 million |
| Market revenue in 2033 | USD 3.3 million |
| Growth rate | 10.9% (CAGR from 2026 to 2033) |
| Largest segment | Conventional |
| Fastest growing segment | Organic |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Conventional, Organic |
| Key market players worldwide | OLVEA, Argan, DSM Firmenich AG, Palladyne AI Corp Class A, Malai Biomaterials, Argano, Organica, Argan Oil Secrets |
Other key industry trends
- In terms of revenue, India accounted for 0.4% of the global argan oil market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China argan oil market is projected to lead the regional market in terms of revenue in 2033.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 10.1 million by 2033.
Pharmaceutical industry in India is the third-largest global producer of drugs by volume. According to the Indian Pharmaceutical Alliance, pharmaceutical sector in India generated annual revenue of 38 USD billion in 2018 and generated over 11 USD billion trade surplus to its economy.
The exponential growth of pharmaceutical sector is expected to provide positive opportunities for the growth of the argan oil market in the country as the product is significantly used for treating skin problems, cancer, and cardiovascular diseases.
According to the Indian Pharmaceutical Alliance, Vision 2030, Indian pharmaceutical industry is currently progressing at a CAGR of 7 to 8%, however, this rate is expected to elevate to 12% from 2024 to 2030. In India, middle class consumers are culturally accustomed to buying products in small quantities.
Key Regions:U.S., UK, Japan, Brazil, Gulf Cooperation Council
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Publish Date: Mar 24, 2026
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Argan Oil Market Scope
Argan Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| DSM Firmenich AG | View profile | 30,000 | Wurmisweg 576, Kaiseraugst, Switzerland, 4303 | www.dsm-firmenich.com/corporate/home.html |
| OLVEA | View profile | 251-500 | Saint-léonard, Bretagne, France, Europe | www.olvea.com |
| Argan | View profile | 30 | 21 Rue Beffroy, Neuilly-sur-Seine, France, 92200 | www.argan.fr |
| Palladyne AI Corp Class A | View profile | 70 | 650 South 500 West, Suite 150, Salt Lake City, UT, United States, 84101 | www.palladyneai.com |
| Malai Biomaterials | View profile | 1-10 | Alappuzha, Kerala, India, Asia | www.made-from-malai.com/ |
| Argano | View profile | 1001-5000 | Plano, Texas, United States, North America | argano.com/ |
| Organica | View profile | 1-10 | Cape Town, NA - South Africa, South Africa, Africa | www.organica.co.za/ |
| Argan Oil Secrets | View profile | - | Casablanca, Grand Casablanca, Morocco, Africa | www.arganoilsecrets.com |
India 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 Outlook will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 71.43% in 2025.
Horizon Databook has segmented the India argan oil market based on conventional, organic covering the revenue growth of each sub-segment from 2021 to 2033.
Pharmaceutical industry in India is the third-largest global producer of drugs by volume. According to the Indian Pharmaceutical Alliance, pharmaceutical sector in India generated annual revenue of 38 USD billion in 2018 and generated over 11 USD billion trade surplus to its economy.
The exponential growth of pharmaceutical sector is expected to provide positive opportunities for the growth of the argan oil market in the country as the product is significantly used for treating skin problems, cancer, and cardiovascular diseases.
According to the Indian Pharmaceutical Alliance, Vision 2030, Indian pharmaceutical industry is currently progressing at a CAGR of 7 to 8%, however, this rate is expected to elevate to 12% from 2024 to 2030. In India, middle class consumers are culturally accustomed to buying products in small quantities.
- India Argan Oil Market Type Outlook (Revenue, USD Million , 2021-2033)
- Conventional
- Organic
- India Argan Oil Market Form Outlook (Revenue, USD Million , 2021-2033)
- Absolute
- Blend
- Concentrate
- India Argan Oil Market Application Outlook (Revenue, USD Million , 2021-2033)
- Personal Care and Cosmetics
- Medical
- Aromatherapy
- Food
- Cleaning and Home
- Others
- India Argan Oil Market Distribution Channel Outlook (Revenue, USD Million , 2021-2033)
- B2B
- B2C
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Horizon Databook provides a detailed overview of country-level data and insights on the India Argan Oil Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Argan Oil Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
India Argan Oil Market, 2021-2033 (US$M)
India argan oil market statistics, by type, 2021-2033 (US$M)
