Market Trends of Global Apricot Oil Industry
This section covers the major market trends shaping the Apricot Oil Market according to our research experts:
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.
