The global Apricot Kernel Market survey report endows with the basic information about industry, definition, classification, application, industry chain structure, industry overview and international market analysis. This industry analysis report explains market analysis based on regional, local as well as global level. The research studies of this market document helps to evaluate several important parameters that can be mentioned as investment in a rising market, success of a new product, and expansion of market share. It is a comprehensive and proficient Apricot Kernel Market report that focuses on primary and secondary market drivers, market share, leading segments and geographical analysis.
The wide ranging Apricot Kernel Market report offers meticulous investigation of current scenario of the global market, which considers numerous market dynamics. Analytical study of this market document helps in mapping growth strategies to increase sales and build brand image in the market. Few of the major topics covered here can be named as market definition, market segmentation, competitive analysis and research methodology. Taking up such market research report is all the time beneficial for any company, whether it is a small scale or large scale, for marketing of products or services. The large scale Apricot Kernel Market report looks for opportunities in the new geographical market.
Data Bridge Market Research analyses that the apricot kernel market which was growing at a value of 0.6 billion in 2021 and is expected to reach the value of USD 0.89 billion by 2029, at a CAGR of 5.00% during the forecast period of 2022-2029.
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Report Scope and Market Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2014 - 2019) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Type (Bitter, Sweet), Application (Edible, Medicinal, Others) 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) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
| Market Players Covered | KENKKO CORPORATION (U.K.), ApricotKing (U.S.), BATA FOOD (Turkey), NationalRaisin Company (U.S.), Anatolia A.S. (Turkey), ZIBA FOODS (U.S.), Kayisicioglu Apricot (Turkey), Traina Home Grown (U.S.), Sun-Maid Growers of California (U.S.), Red River Foods (U.S.), PURCELL MOUNTAIN FARMS (U.S.), B & R Farms (U.S.), Jutai Foods Group Limited (India), Golden Apricots (U.S.), Retaj Agro Farms (India), TAKKAIAH AND CO. (India) |
| Opportunities |
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Market Definition
Apricot kernel is the internal portion of the seed found in apricot fruit that is white when fresh and brown when dried. It is high in fatty acids, fibre, antioxidants, minerals, vitamins, and other nutrients. Apricot kernel has numerous health benefits, including improving skin health, digestive function, metabolism, vision enhancement, and lowering the risk of diabetes.
Apricot Kernel Market Dynamics
Drivers
- Growing application of apricot kernels in the food industry due to its numerous benefits
Consumer health concerns about the rising prevalence of lifestyle disorders such as obesity, diabetes, and gastroesophageal reflux disease (GERD), among others, are driving demand for apricot kernel. Aside from that, the growing baking industry has accelerated the use of apricot kernel in the preparation of a variety of baked goods such as apricot bread, amaretto cookies, apricot-almond finger biscuits, and so on. Furthermore, the growing popularity of vegan food trends is increasing demand for apricot kernel-based snacks, oatmeal, muffins, scones, salads, and so on.
- High prevalence of organic ingredients such as apricot in the personal care industry
A significant increase in the cosmetic and personal grooming sector is also driving apricot kernel adoption in skincare, haircare, and lip care products. The growing consumer preference for vegan and animal cruelty-free personal grooming products is driving up demand for apricot kernel-containing face masks, scrubs, creams, lotions, and so on. In the coming years, the increasing use of apricot kernel to produce essential oils for various applications in the cosmetics and personal grooming sectors will drive market growth.
Opportunity
Mergers and acquisitions between apricot oil suppliers and end-use industries, as well as high investment in the food, cosmetics, and pharmaceutical industries, are some of the factors driving the global apricot oil market. Due to the region's rapidly growing economy and population, market players in the apricot oil market have a significantly high opportunity in Asia-Pacific.
Restraints
On the other hand, fluctuating raw material costs, volatile inventory, and political instability in apricot-producing countries will most likely limit market growth in the coming years. Furthermore, the high cost of apricots will pose additional growth challenges during the forecast period.
This apricot kernel market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the apricot kernel market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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How Apricot Kernel Market Report Would Be Beneficial?
- Anyone who are directly or indirectly connected in value chain of Global Apricot Kernel Market industry and needs to have Know-How of market trends
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- Competition who would like to correlate and benchmark themselves with market position and standings in current scenario
Why choose Data Bridge Market Research?
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- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
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