Global Apricot Oil Market (2020 to 2025) - Growth, Trends and Forecast - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Apricot Oil Market - Growth, Trends and Forecast( 2020- 2025)" report has been added to ResearchAndMarkets.com's offering.

The global apricot oil market is projected to grow at a CAGR of 4.8% during the forecast period (2020 to 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.

Key Market Trends

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.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter's Five Force Analysis

4.4.1 Threat of New Entrants

4.4.2 Bargaining Power of Consumers

4.4.3 Bargaining Power of Suppliers

4.4.4 Threat of Substitute Products

4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 Application

5.1.1 Food and Beverages

5.1.2 Cosmetics

5.1.3 Pharmaceuticals

5.1.4 Other Applications

5.2 Distribution Channel

5.2.1 Convenience store

5.2.2 Internet Sales

5.2.3 Hypermarket/Supermarket

5.2.4 Other Distribution Channels

5.3 Geography

5.3.1 North America

5.3.1.1 United States

5.3.1.2 Canada

5.3.1.3 Mexico

5.3.1.4 Rest of North America

5.3.2 Europe

5.3.2.1 Germany

5.3.2.2 United Kingdom

5.3.2.3 France

5.3.2.4 Russia

5.3.2.5 Spain

5.3.2.6 Rest of Europe

5.3.3 Asia Pacific

5.3.3.1 India

5.3.3.2 China

5.3.3.3 Japan

5.3.3.4 Rest of Asia Pacific

5.3.4 South America

5.3.4.1 Brazil

5.3.4.2 Argentina

5.3.4.3 Rest od South America

5.3.5 Middle East and Africa

5.3.5.1 United Arab Emirates

5.3.5.2 Saudi Arabia

5.3.5.3 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Most Adopted Strategies

6.2 Market Share Analysis

6.3 Company Profiles

6.3.1 AMD Oil Sales LLC.

6.3.2 Plantlife Natural Body Care

6.3.3 NOW Foods

6.3.4 Frontier Natural Products Co-op

6.3.5 Vedame Herbals

6.3.6 Forest Essentials

6.3.7 Greenwood Essential

6.3.8 Khadi Natural

6.3.9 Starwest Botanicals

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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