Dried Apricots Market Overview:
Due to the nutritional composition of apricots with elements such as protein, vitamins, minerals and essential phytochemicals, the value of apricots as nut snacks is expected to drive market growth. Improved knowledge of nutrition and easy snacking choices with dried apricot are expected to drive the Dried Apricots market further.
Dried apricots are made with pectin and nutritious fibers that can reduce the amount of cholesterol. This is expected to well bode for the growth of the market. In addition, the health concerns around hypertension, gastroesophageal flux (GERD), and adult colon and prostate cancer are projected to increase demand for a drug in the near future.
Dried apricots are an abundant source of iron which makes anemia useful. The daily consumption of these fruits increases the production of hemoglobin. In reality, about 24.8percent of the world's population suffers from anemia, according to the World Health Statistics report. More than 47% of pre-school children also have a low level of hemoglobin.
Dried Apricots Market value and expected growth:
As a rich vitamin C source, dry apricots are used in cosmetics and skin treatments. Many in western Europe use dried apricots to perform home-made skincare, including scrubbing and facial wash. Such products are used to kill skin cells as facial masks. Excellent skin care products were expected to be launched with dried apricot as the main ingredient for market growth.
The world market is experiencing an increasing demand for foodstuffs which not only meet the basic nutrient requirements but also have a crucial role in disease prevention and cure. The food components that fulfill this requirement are primarily planted chemicals, including phenolic compounds, which are known to be very significant antioxidants.
Dry apricots can be considered functionally as foods in this sense since they are rich in certain biologically active plant chemicals and they have for ages been used as folk medicines. Some sources report that for centuries, dried apricots have been used as a home remedy by the people of the area of the Himalayas and China. Dry apricots are described as anthelmintic, antispasmodic, expectorant, antipyretic, ophthalmic, laxative, antiseptic, emetic, tones and vulnerable.
Market research involves studying market trends, growth patterns, and understanding the influence of variables like macro and microeconomic conditions, geopolitical and demographic conditions on the market value and market dynamics.
The research methodology used to calculate and forecast the Dried Apricots market began by collecting information on the market key player's sales using multiple sources via secondary research. In order to identify market segmentation, supplier offers have been considered.
Recent developments in Dried Apricots market:
Market Drivers and limitations:
The Dried Apricots market size is exponentially expanding owing to following:
Restraints of Dried Apricots market can be –
Opportunities of Dried Apricots market can be
Dried Apricots Market segmentation:
The largest segment was Conventional Goods, which accounted for more than 90% of the market volume in 2018. The sector is expected to drive growth over the forecast period through easy availability in supermarkets and convenience stores together with low prices for these items.
The most significant market share of the powdered product segment in 2018 was more than 60 percent in terms of sales. A wide range of food and drink products, as well as personal care products, should be made very simple to integrate powder formulations into the production of these products.
The fastest CAGR is expected to be 6.3 percent from 2019 to 2025 in the decreed category in terms of revenue. The use of these items in the food industry would drive growth because of their naturally sweet taste, oatmeal, salads, snack-bars, muffins, cookies, scones and other goods.
Dried Apricots Market Geographical Segmentation:
Regional Growth Analysis:
In 2018, the Middle East and Africa is one of the main markets. With a production of 16.5 kilo tons in the same year, Turkey had the largest regional share. Apart from consumption, the country is also the center of apricots production as it exports 80% of the world's total demand. In 2018, between 14% and 6% of dried apricots are imported from Turkey by the USA and Russia. In addition, the increased buying ability of city populations is expected to encourage buyer access in countries like Saudi Arabia, the UAE and Iran in the coming years.
Some of the Key Players in the market report are:
Markets are dynamic with major firms including King Apricot, Chi Tree, BATA FOOD, KENKKO CORPORATION, Dag Food, Quirkeycots, Anatolia A. S., ZIBA FOODS, and Kayisicioglu Apricot. The business offers the opportunity of exploring the world. Small vendors were purchased by corporations from different industries.
Key highlights of the research report:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
5.2.3 Whole Dried
5.2.5 Y-o-Y Growth Analysis, By Form
5.2.6 Market Attractiveness Analysis, By Form
5.2.7 Market Share Analysis, By Form
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Product
22.214.171.124 By Form
6.1.4 Market Attractiveness Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Product
184.108.40.206 By Form
6.1.5 Market Share Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Product
22.214.171.124 By Form
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 King Apricot
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Chi Tree
8.3 BATA FOOD
8.4 KENKKO CORPORATION
8.5 Dag Food
8.7 Anatolia a.S.
8.8 ZIBA Foods
8.9 Kayisicioglu Apricot
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures