Nigeria Argan Oil Market Size & Outlook, 2025-2033
Nigeria Argan Oil Market Insights
- Deep Market Insights analysis indicates that the Nigeria Argan Oil Market size, valued at USD 2.81 Million in 2024, is expected to expand to USD 5.92 Million by 2033.
- The Nigeria market is forecasted to expand at a CAGR of 8.67% spanning 2025–2033.
- Culinary held the leading position among Type segments in 2024, based on market size.
- Cosmetic is projected to post the fastest growth rate, sustaining its position as the most attractive Type segment during the forecast horizon.
Source: DMI Analysis Company Publications, Primary Interviews.
Other Key Findings
- Nigeria accounted for 0.82% of the global Argan Oil Market size in 2024.
- By 2033, United States is expected to remain the top global market in terms of size.
- Within Middle East and Africa, United Arab Emirates is forecasted to dominate the regional Argan Oil Market size by 2033.
- South Africa will be the fastest-growing market in Middle East and Africa, projected to achieve USD 16.72 Million by 2033.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2033 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 2.81 Million |
| Market Size In 2033 | USD 5.92 Million |
| Largest segment | Culinary |
| Units | Revenue in USD Million |
| CAGR | 8.67% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Segmnetation Covered
| Segments | Sub Segments |
|---|---|
| Type |
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| Application |
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Nigeria Argan Oil Market Type 2025-2033
Source: DMI Analysis Company Publications, Primary Interviews.
Nigeria Argan Oil Market Application 2025-2033
Source: DMI Analysis Company Publications, Primary Interviews.