Global Dried Apricots Market, By Product (Sulphured Dried Apricot, Natural Dried Apricot and Organic Dried Apricot), Form (Powdered, Whole Dried and Diced), End- Users (Business to Business, Cosmetics, Food and Beverage, Bakery, Confectionary and Business to Customer), Distribution Channel (Store Based Retailing, Modern Grocery Retailers, Convenience Store, Forecourt Retailers, Hypermarkets, Supermarkets, Traditional Grocery Retailers, Food Specialist, Independent Small Grocers, Other Grocery Retailers and Online), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Dried Apricots Market
Data Bridge Market Research analyses that the global dried apricots market to account USD 1,134.45 million by 2029 growing at a CAGR of 5.45% in the forecast period of 2022-2029. Increasing usage of apricots as nut cracks due to their nutritional advantages is the factor for the market growth.
Dried apricots are a dried form of apricot fruit that has been dried and dehydrated using specialised driers. They provide more nutrition, which is necessary for a healthy body and aids in the prevention of many diseases. Dried apricots are high in vitamin A, C, K, and B complex, as well as organic acids like citric acid and malic acid. Furthermore, dried apricots are a good source of potassium and carotenoids (vitamin A), as well as being high in fibre and used to relieve constipation. They have a long shelf life and are easily transportable. They are sometimes used to relieve constipation or induce diarrhoea due to their high fibre-to-volume ratio.
The growing vegan population and rising health consciousness are expected to drive the dried apricots Market over the forecast period. In addition, rising adoption of a healthy lifestyle and rising demand for food products to meet nutrient requirements are expected to boost the market in the coming years. Furthermore, rising disposable income and doctors' preference for dried apricots Market consumption as it aids in the prevention of many diseases are expected to fuel the market during the forecasted period.
Furthermore, the availability of convenient snacking options containing dried apricots is expected to drive market demand. Customers' disposable income has increased, allowing them to make discretionary purchases of high-priced dried fruit products. As a result, higher disposable capita earnings will accelerate the dried apricot market higher.
On other hand, fluctuating costs of raw materials, the volatility of its inventory, and the political instability in apricot-producing countries will most likely restrict market growth over the next few years. Furthermore, high cost associated to the dried apricot will further create growth challenges in the forecast period.
This dried apricots market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on dried apricots market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Dried Apricots Market Scope and Market Size
Dried apricots market is segmented of the basis of product, form, end- users, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the dried apricot market is segmented into sulphured dried apricot, natural dried apricot and organic dried apricot
- The form segment of the dries apricot market is divided into powdered, whole dried, and diced.
- The end users segment of the dries apricot market is divided into business to business, cosmetics, food and beverage, bakery, confectionary, and business to consumer.
- Based on distribution channel, the dried apricot market is segmented into store based retailing, modern grocery retailers, convenience store, forecourt retailers, hypermarkets, supermarkets, traditional grocery retailers, food specialist, independent small grocers, other grocery retailers, and online.
Dried Apricots Market Country Level Analysis
The dried apricots market is analyses and market size, volume information is provided by country product, form, end- users and distribution channel as referenced above.
The countries covered in the dried apricots market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Middle East and Africa dominates the global dried apricots market and will flourish its dominance due to the factor that these regions have the highest apricot manufacturer. Rising disposable income and changing lifestyle also contributes to its market growth in coming years.
The country section of the dried apricots market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Dried Apricots Market Share Analysis
The dried apricots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to dried apricots market.
Some of the major players operating in the dried apricots market are KENKKO CORPORATION, ApricotKing, BATA FOOD, NationalRaisin Company, Anatolia A.S., ZIBA FOODS, Kayisicioglu Apricot, Traina Home Grown, Sun-Maid Growers of California., Red River Foods., PURCELL MOUNTAIN FARMS, B & R Farms, Jutai Foods Group Limited, Golden Apricots, Gida Ticaret, Retaj Agro Farms and TAKKAIAH AND CO. among others.
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