Dried Apricots Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.80 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Dried Apricots Market Analysis
The Global Dried Apricots Market is projected to register a CAGR of 3.8% over the forecast period.
- Apricots have several health benefits including antioxidant propertiesand are proven to boost eye, skin and gut health, in addition to being high in potassium content.
- Dried apricots are traded internationally in large quantities. Turkey is the largest producer and exporter of apricots. The country produced 985,000 metric ton of apricots in the year 2017 and exported 94,999 metric ton of dried apricots worth USD 266.9 million in the year 2017.
- There is increasing preference for organic dried apricots, especially among consumers in North America and Europe and the organic segment is projected to register a faster grtowth rate, compared to the conventional segment over the forecast period (2020-2025).
Dried Apricots Market Trends
This section covers the major market trends shaping the Dried Apricots Market according to our research experts:
Increasing Demand for Organic Dried Apricots
Apricots are one of the least produced stone fruits and hence is considered a niche product. The global demand for organic apricots is constantly increasing. Consumers globally are looking for sustainable consumption and are looking for pesticide residue-free produce, especially when it comes to directly consumed food products. Certified organic apricots follow a different value chain compared to conventional apricots and organic apricots are directly sourced by processors from farms. Dried organic apricots are also increasingly consumed off-season. While the trade of fresh apricots peaks during summer and slack during winter months because of the seasonality of production, dried apricots have consistent demand over the year. The largest market globally for organic dried apricots is the United States.
Europe Leading the Global Market
Europe leads the global consumption of dried apricots. Apricots are produced extensively in Eastern Europe with production in the region standing at 245,000 metric ton in 2018. The international trade within Europe flows from Eastern Europe to Western Europe. The United Kingdom and France were the largest importers of dried apricots in Europe with imports worth USD 29.7 million and USD 28.3 million, respectively. Turkey dominated the export of dried apricots to these regions. Russia is the fastest-growing import market for dried apricots in the region with the country registering a CAGR of 3.4% over the period 2007 to 2018.
Dried Apricots Industry Overview
The global dried apricots market is highly fragmented with multiple local players in the regions of production and processing. Manufacturers are increasingly looking at new channels for marketing the products and online channels present a good opportunity for new entrants to garner market shares.
Dried Apricots Market Leaders
-
Fruits of Turkey
-
ApricotKing
-
Sun-Maid Growers of California
-
Purcell Mountain Farms
-
Bergin Fruit and Nut Company
*Disclaimer: Major Players sorted in no particular order
Dried Apricots Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
- 3.1 Market Overview
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
- 4.3 Value Chain / Supply Chain Analysis
-
4.4 Porter's Five Force Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 Type
- 5.1.1 Conventional
- 5.1.2 Organic
-
5.2 Form
- 5.2.1 Whole
- 5.2.2 Diced
- 5.2.3 Powdered
-
5.3 Distribution Channel
- 5.3.1 Supermarkets/Hypermarkets
- 5.3.2 Convenience Stores
- 5.3.3 Specialist Retailers
- 5.3.4 Other Channels
-
5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.1.4 Rest of North America
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Spain
- 5.4.2.5 Russia
- 5.4.2.6 Italy
- 5.4.2.7 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle East and Africa
- 5.4.5.1 Turkey
- 5.4.5.2 Saudi Arabia
- 5.4.5.3 South Africa
- 5.4.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
-
6.1 Company Profiles
- 6.1.1 Fruits of Turkey
- 6.1.2 ApricotKing
- 6.1.3 Sun-Maid Growers of California
- 6.1.4 Purcell Mountain Farms
- 6.1.5 Bergin Fruit and Nut Company
- 6.1.6 Traina Foods Inc.
- 6.1.7 Polychroniadis and Sia O.E.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Dried Apricots Industry Segmentation
The scope of the report is restricted to dried apricots in a packaged form sold directly to consumers and does not include dried apricots used as ingredients in other food items. The dried apricots market is segmented by type into conventional and organic, by form into whole, diced and powdered, and by distribution channel into supermarkets/hypermarkets, convenience stores, specialist retailers and other channels. The market is also segmented by geography into North America, Europe, Asia-Pacific, South America, and Middle-East & Africa, to provide the key market trends in major countries in each region.
| Type | Conventional | |
| Organic | ||
| Form | Whole | |
| Diced | ||
| Powdered | ||
| Distribution Channel | Supermarkets/Hypermarkets | |
| Convenience Stores | ||
| Specialist Retailers | ||
| Other Channels | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Spain | ||
| Russia | ||
| Italy | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East and Africa | Turkey |
| Saudi Arabia | ||
| South Africa | ||
| Rest of Middle East and Africa |
Dried Apricots Market Research FAQs
What is the current Dried Apricots Market size?
The Dried Apricots Market is projected to register a CAGR of 3.80% during the forecast period (2024-2029)
Who are the key players in Dried Apricots Market?
Fruits of Turkey, ApricotKing, Sun-Maid Growers of California, Purcell Mountain Farms and Bergin Fruit and Nut Company are the major companies operating in the Dried Apricots Market.
Which is the fastest growing region in Dried Apricots Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Dried Apricots Market?
In 2024, the Europe accounts for the largest market share in Dried Apricots Market.
What years does this Dried Apricots Market cover?
The report covers the Dried Apricots Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Dried Apricots Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Dried Apricots Industry Report
Statistics for the 2024 Dried Apricots market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Dried Apricots analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
