Dried Apricots Market Size, Share & Trends Analysis Report By Product, Form, Distribution Channel, Region And Segment Forecasts, 2019 - 2025

Posted June 18, 2020 by sitakant

The global dried apricots market size is expected to reach USD 985.5 million by 2025, according to a new report by Grand View Research, Inc

The global dried apricots market size is expected to reach USD 985.5 million by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 4.9% during the forecast period. Rising importance of dried apricots as dietary fiber enriched products with numerous health benefits is anticipated to drive the growth. These fruits boost cell growth, and maintain health of eyes and bones. These advantages are anticipated to drive the product adoption. Furthermore, application in beauty and cosmetic products for the treatment of dead skin cells is projected to further drive the growth.
The conventional product segment held the largest market share of more than 90% in terms of volume in 2018. Rising consumer preference for these products owing to their cost-effectiveness and easy availability at convenience and retail stores is anticipated to drive the growth. On the other hand, the organic product segment is expected to register a CAGR of 5.2% in terms of volume from 2019 to 2025. Rising importance of organic labeling in food and beverage industry to limit the use of harmful ingredients is expected to drive the organic apricots segment over the next eight years.

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The diced product segment is expected to witness significant growth over the forecast period on account of easy incorporation of these products as nuts in items including cookies, muffins, and snack bars among others. Furthermore, rising popularity of packaged snacks among working population owing to the convenience and ease of access is expected to expand the segment growth in the forthcoming years.
Online distribution channel is expected to expand at a CAGR of 6.0% from 2019 to 2025. Increasing use of e-commerce portals owing to the availability of value-added features including discounted prices, cash backs, and coupons is expected to remain a favorable factor for the growth of this segment over the next few years.
Some of the key players operating in this market are King Apricot, Chi Tree, BATA FOOD, KENKKO CORPORATION, NationalRaisin Company, Dag Food, Quirkeycots, Anatolia A.Ş., ZIBA FOODS, and Kayisicioglu Apricot. Product innovation is expected to remain a key strategy among the industry participants in near future. For instance, in May 2016, Del Monte launched a new Dried Apricots snack.

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Further key findings from the report suggest:
• Organic products is projected to witness a CAGR of 5.6% from 2019 to 2025
• Powder forms led the dried apricots market accounting for more than 70% of the global volume share in 2018
• Middle East and Africa is expected to generate a volume of more than 65 kilo tons by the end of 2025
Grand View Research has segmented the global dried apricots market on the basis of product, form, distribution channel, and region:
Dried Apricots Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 - 2025)
• Organic
• Conventional
Dried Apricots Form Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 - 2025)
• Powdered
• Whole dried
• Diced
Dried Apricots Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 - 2025)
• Online
• Offline
Dried Apricots Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 - 2025)
• North America
o U.S.
• Europe
o U.K.
o France
• Asia Pacific
o India
o China
• Central & South America
• Middle East & Africa
o Turkey
o Iran

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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Issued By sitakant
Country United States
Categories Business , Industry , Manufacturing
Tags U.S Dried Apricots Market Size , Worldwide Dried Apricots Market Size , Global Dried Apricots Market Size Trend & Forecast
Last Updated June 18, 2020