Market Size of Dried Apricots Industry
| 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 |
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 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 |
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Dried Apricots Market Size Summary
The global dried apricots market is experiencing steady growth, driven by the increasing consumer awareness of the health benefits associated with apricots, such as their antioxidant properties and contributions to eye, skin, and gut health. Turkey stands as the leading producer and exporter of dried apricots, significantly influencing the international trade landscape. The market is witnessing a shift towards organic dried apricots, particularly in North America and Europe, where consumers are increasingly prioritizing sustainable and pesticide-free food options. This trend is expected to accelerate the growth of the organic segment, which follows a distinct value chain, directly sourcing from farms to meet the rising demand for certified organic products.
The demand for dried apricots remains consistent throughout the year, contrasting with the seasonal nature of fresh apricot production. Europe is a major consumer, with Eastern Europe being a significant production hub, and the trade flow predominantly moving from Eastern to Western Europe. The United States emerges as the largest market for organic dried apricots, reflecting the global shift towards organic consumption. The market is characterized by fragmentation, with numerous local players and opportunities for new entrants, particularly through online marketing channels. Companies like Fruits of Turkey, ApricotKing, and Sun-Maid Growers of California are notable participants in this competitive landscape.
Dried Apricots Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Value Chain / Supply Chain Analysis
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1.4 Porter's Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Conventional
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2.1.2 Organic
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2.2 Form
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2.2.1 Whole
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2.2.2 Diced
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2.2.3 Powdered
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2.3 Distribution Channel
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2.3.1 Supermarkets/Hypermarkets
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2.3.2 Convenience Stores
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2.3.3 Specialist Retailers
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2.3.4 Other Channels
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Spain
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2.4.2.5 Russia
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2.4.2.6 Italy
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2.4.2.7 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East and Africa
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2.4.5.1 Turkey
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2.4.5.2 Saudi Arabia
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2.4.5.3 South Africa
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2.4.5.4 Rest of Middle East and Africa
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Dried Apricots Market Size 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.
