Dried Apricots Market by Category (Organic and Conventional) and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026628 | Pages: 100 | Industry: Food and Beverages | Date: Oct 2022 | Type: Global

The market crossed US$ 829 million mark in 2022 and is expected to hit US$ 1,220 million by 2030, recording an approximate CAGR of 4.9% during the forecast period.

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Increasing Awareness Regarding Benefits of Consuming Apricots

Apricots are a rich source of iron, vitamin A, beta-carotene, and other carotenoids which help treat anaemia and promote eye health. The consumption of these fruits regularly increases the body's haemoglobin levels. According to the World Health Organization, in 2019, the global prevalence of anaemia was 29.9%. Thus, high prevalence of anaemia coupled with benefits of apricot consumption in increasing the haemoglobin level are among a few key factors driving the market growth. Moreover, apricots are rich in vitamin E and C which boost skin health. They help in reducing wrinkles, dark spots, and damage caused by sun. All these factors are expected to contribute to the market growth over the forecast period.

Within the report, the market is segmented into category, distribution channel, and geography. By category, the market is segmented into organic and conventional. In terms of distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Rising Demand for Organic Dried Apricots

Consumers are highly concerned about the food they consume. They are paying more attention to the product labels and ingredients. Organic food products are becoming increasingly popular, owing to their perceived health benefits. Organic food comes from organically certified farms that follow strict farming practices. Organic food is free of pesticides, chemical fertilizers, and genetically modified organisms (GMOs) that increase their appeal among consumers. Consumers are ready to pay high prices for organic products. The rising popularity of organic and all-natural products opens profitable growth opportunities for organic dried apricots, driving the market growth.

Flourishing E-commerce Sector

The e-commerce industry is booming with rising penetration of internet and smartphones. The preference for online shopping has increased in the recent years as consumers can purchase a variety of products just by sitting at home. Moreover, online retail channels provide heavy discounts and special deals that attract a large number of consumers. Also, availability of detailed product description, consumer reviews and ratings, and home delivery services are driving the popularity of e-commerce platforms among consumers. Owing to the booming e-commerce industry, manufacturers of dried apricots are also enhancing their preference on well-known e-commerce platforms such as Amazon.com and Walmart. This factor is favoring the growth of dried apricots market.

Recent strategic developments in dried apricots market

The dried apricots market has undergone several significant developments, and a few of these have been mentioned below:

  • In April 2022, Chuza, a Mexico-based company launched dried apricots spiced with chilli powder
  • In May 2022, Cefetra Group, a division of the BayWa Group, announced the acquisition of Heinrich Brüning, Germany’s prominent supplier and packer of dried fruit and nuts

The dried apricots market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Mariani Co., Sun-Maid Growers of California, Made In Nature, King Apricot, and We Got Nuts are among the prominent players operating in the market.

Target audience for the report:

  • Raw material suppliers
  • Government bodies, such as regulating authorities and policy makers
  • Famers and growers of dried apricots
  • Retailers, wholesalers, and distributors of dried apricots and other dried fruits
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Category:
    • Organic
    • Conventional
  • Distribution Channel:
    • Supermarkets and Hypermarkets
    • Convenience Stores
    • Online Retail
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled        
    • Mariani Co.
    • Sun-Maid Growers of California
    • Made In Nature
    • King Apricot
    • We Got Nuts

The List of Companies
- Mariani Co.
- Sun-Maid Growers of California
- Made In Nature
- King Apricot
- We Got Nuts

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