Morocco holds a quasi monopoly on argan oil. It is extracted from the argan tree, an endemic spices that grow on the southwest of the country (the Mexican argan tree doesn’t produced oil). Rich in vitamin E and antioxidants, it is used in cooking and skincare products. Since the late 1990s, this oil has become increasingly popular among consumers in Europe, North America and Japan. Until recently, demand was met by oil obtained from 50 million Moroccan trees and the work of 2 million local employees. Considering that it takes 15 years before an argan tree produces any nuts and that it will yield no more than 2 liters of oil, it is difficult to obtain enough of it to satisfy global demand.