Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Dried Apricots Market Size is Estimated to Grow from USD 872.65 Million in 2023 to USD 1503.12 Million by 2033, Growing at a CAGR of 5.59% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Dried Apricots Market Size, Share, and COVID-19 Impact Analysis, By Nature (Conventional and Organic), By Form (Powdered, Whole Dried, and Diced & Granular), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Dried apricots are apricots that have been dried to eliminate moisture and give them a longer shelf life. Consumers' growing health consciousness and demand for natural and nutrient-dense snacks are the main drivers of the market's expansion. Dried apricots are a popular option for people who are concerned about their health because they are high in fiber, vitamins, and antioxidants. In addition, apricots' flavor and nutrients are better preserved by drying technologies such as freeze-drying and infrared drying than by conventional techniques. Dried apricots may assist treat anemia since they are a good source of iron. If these fruits are consumed daily, hemoglobin production rises. Additionally, because they are a great source of vitamin C, dry apricots are used in skincare and cosmetic items. Dried apricots are widely used in Western European nations for DIY skin care products including face washes and scrubs. These items are applied as face masks to exfoliate dead skin cells. The launch of cutting-edge skincare products that feature dried apricots as a key component is expected to be positive for market expansion. However, profit margins can be greatly impacted by high production costs for drying apricots, including labor, energy, and equipment.
The conventional segment accounted for the largest market share of 50.56% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on nature, the dried apricots market is categorized into conventional and organic. Among these, the conventional segment accounted for the largest market share of 50.56% in 2023 and is expected to grow at a significant CAGR during the forecast period. Owing to the reason that conventional types are frequently more accessible and less expensive than their organic equivalents, consumers' desire for them is driving the segment's increase. The production and delivery networks of conventional dried apricots are well-established, guaranteeing a steady supply to satisfy consumer demand. Since they are frequently seen as a dependable and well-known choice, these apricots have a significant market presence.
The powdered segment is anticipated to hold the largest revenue share of the global dried apricots market through the projected period.
Based on the form, the dried apricots market is classified into powdered, whole dried, and diced & granular. Among these, the powdered segment is anticipated to hold the largest revenue share of the global dried apricots market through the projected period. The convenience and versatility of powdered dried apricots make them an attractive option for both food manufacturers and consumers. Their concentrated flavor and nutritional advantages make them popular ingredients in a wide range of items, such as beverages, baked goods, confections, and health bars. Compared to full-dried fruits, powdered dried apricots have a longer shelf life and are easier to store, which adds to their appeal.
The offline segment is estimated to hold the largest revenue share of the global dried apricots market and is expected to grow at a significant CAGR through the forecast period.
Based on the distribution channel, the dried apricots market is divided into online and offline. Among these, the offline segment is estimated to hold the largest revenue share of the global dried apricots market and is expected to grow at a significant CAGR through the forecast period. Traditional brick-and-mortar retailers, such as supermarkets, hypermarkets, and specialized shops, continue to be well-liked by consumers who would rather examine and choose their purchases in person. One of the main benefits of offline shopping is the ease of instant purchase, as well as the opportunity to select from a range of brands and packaging sizes.
Europe is expected to hold the largest share of the dried apricots market through the forecast period.
Europe is expected to hold the largest share of the dried apricots market through the forecast period. Apricots, which are valued for their nutritional content and culinary variety, are among the dried fruits that have a long history of consumption in Europe. A consistent supply of premium dried apricots is ensured by the region's ideal climate for apricot farming, especially in nations such as Spain and Italy. Demand for dried apricots is also being driven by consumers' increasing preference for natural and organic food items. The health advantages of dried apricots, including their high fiber, vitamin, and antioxidant content, are becoming more widely known to European consumers. The market's expansion is further supported by the growing number of consumers who are health-conscious and the trend of snacking on convenient, healthful foods.
Asia Pacific is predicted to grow at the fastest CAGR of the dried apricots market over the forecast period. The demand for dried apricots is rising significantly due to the region's long-standing custom of eating dried fruits as part of a balanced diet. owing to their rich culinary traditions, nations such as China, India, and Japan use dried apricots in a variety of snacks and cuisines, which propels market expansion. Customers are being encouraged to incorporate dried apricots into their diets due to growing knowledge of their many health advantages, including their high fiber, vitamin, and antioxidant content.
Competitive Analysis
Major key players in the dried apricots market include King Apricot, BATA FOOD, Kenko Corporation, NationalRaisin Company, Quirkey Cots, Anatolia, ZIBA FOODS, KAYISICIOGLU, Dag Dried Food Agricultural Products Co & Ltd, and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the dried apricots market based on the below-mentioned segments:
Global Dried Apricots Market, By Nature
Global Dried Apricots Market, By Form
Global Dried Apricots Market, By Distribution Channel
Global Dried Apricots Market, By Regional Analysis
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