Dried Apricots Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Dried Apricots Market is segmented by type (conventional and organic), by form (whole, diced and powdered), by distribution channel (supermarkets/hypermarkets, convenience stores, specialist retailers, and other channels) and by geography.

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: Europe
CAGR: 3.8 %

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Market Overview

The Global Dried Apricots Market is projected to register a CAGR of 3.8% over the forecast period.

  • Apricots have several health benefits including antioxidant properties and are proven to boost eye, skin and gut health, in addition to being high in potassium content. 
  • Dried apricots are traded internationally in large quantities. Turkey is the largest producer and exporter of apricots. The country produced 985,000 metric ton of apricots in the year 2017 and exported 94,999 metric ton of dried apricots worth USD 266.9 million in the year 2017.
  • There is increasing preference for organic dried apricots, especially among consumers in North America and Europe and the organic segment is projected to register a faster grtowth rate, compared to the conventional segment over the forecast period (2020-2025).

Scope of the Report

The scope of the report is restricted to dried apricots in a packaged form sold directly to consumers and does not include dried apricots used as ingredients in other food items. The dried apricots market is segmented by type into conventional and organic, by form into whole, diced and powdered, and by distribution channel into supermarkets/hypermarkets, convenience stores, specialist retailers and other channels. The market is also segmented by geography into North America, Europe, Asia-Pacific, South America, and Middle-East & Africa, to provide the key market trends in major countries in each region.

Type
Conventional
Organic
Form
Whole
Diced
Powdered
Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialist Retailers
Other Channels
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Turkey
Saudi Arabia
South Africa
Rest of Middle East and Africa

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Key Market Trends

Increasing Demand for Organic Dried Apricots

Apricots are one of the least produced stone fruits and hence is considered a niche product. The global demand for organic apricots is constantly increasing. Consumers globally are looking for sustainable consumption and are looking for pesticide residue-free produce, especially when it comes to directly consumed food products. Certified organic apricots follow a different value chain compared to conventional apricots and organic apricots are directly sourced by processors from farms. Dried organic apricots are also increasingly consumed off-season. While the trade of fresh apricots peaks during summer and slack during winter months because of the seasonality of production, dried apricots have consistent demand over the year. The largest market globally for organic dried apricots is the United States.

Dried Apricots Market Organic vs Conventional

Europe Leading the Global Market

Europe leads the global consumption of dried apricots. Apricots are produced extensively in Eastern Europe with production in the region standing at 245,000 metric ton in 2018. The international trade within Europe flows from Eastern Europe to Western Europe. The United Kingdom and France were the largest importers of dried apricots in Europe with imports worth USD 29.7 million and USD 28.3 million, respectively. Turkey dominated the export of dried apricots to these regions. Russia is the fastest-growing import market for dried apricots in the region with the country registering a CAGR of 3.4% over the period 2007 to 2018. 

Dried Apricots Market Size By Region

Competitive Landscape

The global dried apricots market is highly fragmented with multiple local players in the regions of production and processing. Manufacturers are increasingly looking at new channels for marketing the products and online channels present a good opportunity for new entrants to garner market shares. 

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

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Value Chain / Supply Chain Analysis

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Conventional

      2. 5.1.2 Organic

    2. 5.2 Form

      1. 5.2.1 Whole

      2. 5.2.2 Diced

      3. 5.2.3 Powdered

    3. 5.3 Distribution Channel

      1. 5.3.1 Supermarkets/Hypermarkets

      2. 5.3.2 Convenience Stores

      3. 5.3.3 Specialist Retailers

      4. 5.3.4 Other Channels

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Spain

        5. 5.4.2.5 Russia

        6. 5.4.2.6 Italy

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East and Africa

        1. 5.4.5.1 Turkey

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 South Africa

        4. 5.4.5.4 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Fruits of Turkey

      2. 6.1.2 ApricotKing

      3. 6.1.3 Sun-Maid Growers of California

      4. 6.1.4 Purcell Mountain Farms

      5. 6.1.5 Bergin Fruit and Nut Company

      6. 6.1.6 Traina Foods Inc.

      7. 6.1.7 Polychroniadis and Sia O.E.

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

**Subject to Availability

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Frequently Asked Questions

The Dried Apricots Market market is studied from 2016 - 2026.

The Dried Apricots Market is growing at a CAGR of 3.8% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Fruits of Turkey, ApricotKing, Sun-Maid Growers of California, Purcell Mountain Farms, Bergin Fruit and Nut Company are the major companies operating in Dried Apricots Market.

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