Global Apricot Oil Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Apricot Oil Market Is Segmented by Application (Food and Beverages, Cosmetics, Pharmaceuticals, And Other Applications), by Distribution Channel (Convenience Store, Internet Sales, Hypermarket/Supermarket, Other Distribution Channels) And by Geography.

Market Snapshot

Global Apricot Oil Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: 4.8 %

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Market Overview

The global apricot oil market is projected to grow at a CAGR of 4.8% during the forecast period (2020 - 2025). The market is driven by robust demand for organic health-based products, with increased consumption among health-conscious consumers of high-quality essential oils, which is entailed in  various application areas. Apricot Kernel Oil is extensively used as a skin care product for revitalizing salve that soothes and prevents acne, inflammation, and dryness. It is also used under the eyes and is known to diminish the appearance of dark circles and puffiness. It has found popular use in culinary applications and is used both in sweet and savory dishes and drinks, including dried fruits, marmalade, preserves, fruit jellies, juices, and liqueurs. This oil has high levels of vitamin E and  K, and is packed with a number of powerful antioxidants that adds to the health benefits of this oil. Customers are increasingly becoming aware of the benefits if the product, thus driving the growth of the market in the forecast period.

Scope of the Report

 This report includes a complete analysis of the parent market, vital changes in market dynamics. The global apricot oil market segmented by application into food and beverages, cosmetics, pharmaceuticals and other applications and by distribution channel into convenience store, internet sales, supermarket and other distribution channels. The market is also segmented by geography into North America, Europe, Asia-Pacific, South America, Middle East & Africa. Current and projected size of the market along with recent industry developments and strategies of key players are included. 

Application
Food and Beverages
Cosmetics
Pharmaceuticals
Other Applications
Distribution Channel
Convenience store
Internet Sales
Hypermarket/Supermarket
Other Distribution Channels
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Rest of Asia Pacific
South America
Brazil
Argentina
Rest od South America
Middle East and Africa
United Arab Emirates
Saudi Arabia
Rest of Middle East and Africa

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Key Market Trends

Increased Demand for Turkish Apricot Oil Products

The fruits are extensively cultivated in Mediterranean and Central Asia; the largest producers of Apricots is Turkey. Apricot oil is that it contains vitamins E and A, both of which have been associated with healthier skin. Turkish apricot kernels is said to be one of  the finest and Turkish apricot oil is a brand in itself. The highest importers of Turkish apricot are United States, Germany and France. Various retail shops across the globe such as Turk Attar,  Batafood, the Organic Beauty Shop, Green-berry Organics and Olvita sell premium Turkish apricot oil products. The production of apricots in Turkey has increased significantly over the past few years, thus keeping the demand high and driving the market towards considerable growth in the forecast period. 

Global Apricot Oil Marke

Asia Pacific Dominates the Market

Asia-Pacific registers as the dominated region across the globe and in Asia-Pacific, China and India holds the largest share of apricot oil consumption. Though the production volume is high, consumption exceeds production, resulting in higher import volumes when compared to export volumes. Various Indian companies like Forrest Essentials, Herbal Bio Solutions and Khadi Natural sells various apricot oil products. It is believed that apricots  originated in China and has been used in traditional Chinese medicine for many years. This popularity of apricot oil in the region has lasted the test of time and is effective in driving the market the the coming years as well. 

Global Apricot Oil Market

Competitive Landscape

The global apricot oil market is fragmented, yet competitive and the major strategies adopted by the key players of the market studied includes product innovation, partnership, expansion, and mergers and acquisition. Greenwood Essential, Frontier Natural Products Co-op, NOW foods and Starwest Botanicals are some of the prominent players.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Food and Beverages

      2. 5.1.2 Cosmetics

      3. 5.1.3 Pharmaceuticals

      4. 5.1.4 Other Applications

    2. 5.2 Distribution Channel

      1. 5.2.1 Convenience store

      2. 5.2.2 Internet Sales

      3. 5.2.3 Hypermarket/Supermarket

      4. 5.2.4 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Rest of Asia Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest od South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 AMD Oil Sales LLC.

      2. 6.3.2 Plantlife Natural Body Care

      3. 6.3.3 NOW Foods

      4. 6.3.4 Frontier Natural Products Co-op

      5. 6.3.5 Vedame Herbals

      6. 6.3.6 Forest Essentials

      7. 6.3.7 Greenwood Essential

      8. 6.3.8 Khadi Natural

      9. 6.3.9 Starwest Botanicals

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Global Apricot Oil Market market is studied from 2016 - 2026.

The Global Apricot Oil Market is growing at a CAGR of 4.8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Greenwood Essencial, Forest Essentials, Now Foods, AMD Oil Sales LLC., Frontier Natural Products Co-op are the major companies operating in Global Apricot Oil Market.

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