Apricot Oil Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Apricot Oil Market Analysis
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.
Apricot Oil Market Trends
This section covers the major market trends shaping the Apricot Oil Market according to our research experts:
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.
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.
Apricot Oil Industry Overview
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.
Apricot Oil Market Leaders
Greenwood Essencial
Forest Essentials
Now Foods
AMD Oil Sales LLC.
Frontier Natural Products Co-op
*Disclaimer: Major Players sorted in no particular order
Apricot Oil Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Application
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5.1.1 Food and Beverages
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5.1.2 Cosmetics
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5.1.3 Pharmaceuticals
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5.1.4 Other Applications
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5.2 Distribution Channel
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5.2.1 Convenience store
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5.2.2 Internet Sales
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5.2.3 Hypermarket/Supermarket
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5.2.4 Other Distribution Channels
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.1.4 Rest of North America
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5.3.2 Europe
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5.3.2.1 Germany
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5.3.2.2 United Kingdom
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5.3.2.3 France
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5.3.2.4 Russia
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5.3.2.5 Spain
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5.3.2.6 Rest of Europe
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5.3.3 Asia Pacific
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5.3.3.1 India
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5.3.3.2 China
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5.3.3.3 Japan
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5.3.3.4 Rest of Asia Pacific
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest od South America
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5.3.5 Middle East and Africa
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5.3.5.1 United Arab Emirates
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5.3.5.2 Saudi Arabia
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5.3.5.3 Rest of Middle East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 AMD Oil Sales LLC.
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6.3.2 Plantlife Natural Body Care
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6.3.3 NOW Foods
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6.3.4 Frontier Natural Products Co-op
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6.3.5 Vedame Herbals
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6.3.6 Forest Essentials
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6.3.7 Greenwood Essential
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6.3.8 Khadi Natural
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6.3.9 Starwest Botanicals
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Apricot Oil Industry Segmentation
This report includes a complete analysis of the parent market, vital changes in market dynamics. The global apricot oil market segmented by applicationinto 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 geographyinto 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 |
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Apricot Oil Market Research FAQs
What is the current Global Apricot Oil Market size?
The Global Apricot Oil Market is projected to register a CAGR of 4.80% during the forecast period (2024-2029)
Who are the key players in Global Apricot Oil Market?
Greenwood Essencial, Forest Essentials, Now Foods, AMD Oil Sales LLC. and Frontier Natural Products Co-op are the major companies operating in the Global Apricot Oil Market.
Which is the fastest growing region in Global Apricot Oil Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Apricot Oil Market?
In 2024, the Europe accounts for the largest market share in Global Apricot Oil Market.
What years does this Global Apricot Oil Market cover?
The report covers the Global Apricot Oil Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Apricot Oil Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Apricot Oil Industry Report
Statistics for the 2024 Apricot Oil market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Apricot Oil analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
