Dried Apricots Market Size, Share, Trends, Growth 2032

Dried Apricots Industry Prospective:

According to the report published by Zion Market Research, the global Dried Apricots Market size was valued at USD 690.98 Million in 2023 and is predicted to reach USD 1099.82 Million by the end of 2032. The market is expected to grow with a CAGR of 5.3% during the forecast period.

The report analyzes the global Dried Apricots Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Dried Apricots industry.

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Dried Apricots Market: Growth Factors

Apricot is a sweet-tasting fruit that is rich in nutrients and fiber along with the perfect quantity of carbohydrates. However, these get bruised easily and hence a better way to consume them is in the form of dry apricots, which have the same health benefits as fresh apricots. Dried apricots are gaining worldwide popularity, due to their diverse nutritional benefits and can even be used to fight anemia due to their rich iron content.

The dried apricots market is expected to show significant growth in the future, owing to the growing health consciousness. The busy lifestyle of people is restraining them from maintaining proper diet, which is driving the demand for dried apricots as they have several nutritional benefits. Increasing disposable income is also expected to drive the market as consumers feel free to spend more on healthy food options.

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However, the use of additives in these dried apricots may hinder the market. Promotional and health campaigns regarding the benefits of dried apricots are expected to provide additional growth opportunities to this market in the future.

The study includes the drivers and restraints of the dried apricots market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the dried apricots market on a global level.

In order to give the users a comprehensive view of the dried apricots market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

Dried Apricots Market: Segmentation

The study provides a decisive view of the dried apricots market by segmenting it based on form, nature, application, distribution channel, and region.

By form, the dried apricots market includes whole dried, granular, and powdered. The whole dried segment dominates the market currently, due to its easy availability and low price.

On the basis of nature, the dried apricots market includes organic and conventional. The conventional segment holds a major market share, owing to its easy preparation and cost-friendly nature. Organic dried apricots have seen a significant popularity rise in the last few years, due to increased health-consciousness of the global population, as consumers prefer more natural and healthy products.

By application, the dried apricots market can be segmented into food and beverages, personal care, pharmaceuticals, and cosmetics. Food and beverage industry has wide applications of dried apricots, due to their sweet taste and nutritional properties. The pharmaceutical sector is also expected to witness significant growth in the future, as the dried apricot consumption helps in the prevention of various diseases.

The global dried apricots market is classified on the basis of distribution channel into hypermarkets/supermarkets, B2B, e-commerce, specialty retail, and others. Supermarkets/hypermarkets dominate the market by being the most preferred by consumers due to their tangibility. Additionally, the rise in the demand for e-commerce in recent years has led to the growth of this channel. This segment is expected to grow further over the forecast time period.

Dried Apricots Market: Report Scope

Dried Apricots Market: Regional Insights

The regional segment includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is expected to show significant growth in the dried apricots market over the forecast time period, owing to the increasing disposable income of the regional population and flourishing food and beverage industry. Europe dominates the dried apricots market globally, due to the rising health-related problems in urban areas. Thus, regional consumers now prefer foods that have high nutritional properties.

Dried Apricots Market: Competitive Space

The global dried apricots market profiles key players such as

• King Apricot
• Purcell Mountain Farms
• Bergin Fruit 
• Nut
• B & R Farms
• Sun-Maid Growers of California
• JAB Dried Fruit Products
• Fruits of Turkey.

This report segments the global dried apricots market into:

By Form Analysis

• Powdered
• Whole Dried
• Granular

By Nature Analysis

• Organic
• Conventional

By Application Analysis

• Food and Beverages
• Personal Care
• Pharmaceuticals
• Cosmetics

By Distribution Channel Analysis

• Hypermarkets/Supermarkets
• B2B
• E-Commerce
• Specialty Retail
• Others

By Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa