The Size of global Dried Apricots Market is anticipated grow from US$ 0.85 million in 2024 to US$ 110 billion by 2029 growing with a CAGR of 5.25% from 2024 to 2029.
Dried apricots are an abundant source of iron which makes anaemia useful. The daily consumption of these fruits increases the production of haemoglobin. In reality, about 24.8percent of the world's population suffers from anaemia, according to the World Health Statistics report. More than 47% of pre-school children also have a low level of haemoglobin. As a rich vitamin C source, dry apricots are used in cosmetics and skin treatments. Many in western Europe use dried apricots to perform homemade skincare, including scrubbing and facial wash. Such products are used to kill skin cells as facial masks. Excellent skincare 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 that 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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
5.25% |
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Segments Covered |
By Product, Form and Region. |
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Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
King Apricot, Chi Tree, BATA FOOD, KENKKO CORPORATION, Dag Food, Quirkeycots, Anatolia A. S., IBA FOODS, Kayisicioglu Apricot.
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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.
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.
Key Players In global Dried Apricots Market Are King Apricot, Chi Tree, BATA FOOD, KENKKO CORPORATION, Dag Food, Quirkeycots, Anatolia A. S., IBA FOODS, Kayisicioglu Apricot.
By Product
By Form
By Region
Frequently Asked Questions
Dried apricots are apricot fruits that have been dried to remove the majority of their moisture content, resulting in a preserved fruit with a longer shelf life. They are commonly consumed as a snack or used as an ingredient in various recipes.
Dried apricots are typically made by cutting fresh apricots in half, removing the pits, and then drying them using methods such as sun-drying, dehydrating, or drying in ovens or commercial drying facilities until they reach the desired moisture content.
Dried apricots are a nutrient-dense food rich in vitamins, minerals, fiber, and antioxidants. They are particularly high in vitamin A, potassium, and fiber, and are associated with various health benefits including improved digestion, eye health, and heart health.
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