Market Overview:

The global apricot kernel market is expected to exhibit a CAGR of 4.83% during 2022-2027.

Apricot kernel refers to the internal portion of the seed present in the apricot fruit, which is white when fresh and turns brown upon drying. It acts as a good source of fatty acids, fibers, antioxidants, essentials minerals, vitamins, etc. Apricot kernel offers numerous benefits in boosting skin health, maintaining digestive functioning, improving metabolism, enhancing vision, reducing the risk of diabetes, etc. As a result, it is widely adopted across diverse sectors, such as food and beverages, cosmetics, pharmaceuticals, etc.

The growing consumer health concerns towards the increasing prevalence of several lifestyle disorders, such as obesity, diabetes, Gastroesophageal Reflux Disease (GERD), etc., are driving the demand for apricot kernel. Apart from this, the expanding baking industry has catalyzed the utilization of apricot kernel in preparing various baked items, such as apricot bread, amaretto cookies, apricot-almond finger biscuits, etc. Moreover, the increasing penetration of vegan food trends is further augmenting the demand for apricot kernel-based snacks, oatmeal, muffins, scones, salads, etc. Besides this, a significant growth in the cosmetic and personal grooming sector is also driving the adoption of apricot kernel in skincare, haircare, and lip care products. The growing consumer inclination towards vegan and animal cruelty-free personal grooming items is further bolstering the demand for apricot kernel containing face masks, scrubs, creams, lotions, etc. In the coming years, the rising utilization of apricot kernel for producing essential oils that find diverse applications in the cosmetics and personal grooming sector will continue to spur the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global apricot kernel market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application, distribution channel and end use industry.

Breakup by Type:

• Bitter
• Sweet
   

Breakup by Application:

• Edible
• Medicinal
• Others
   

Breakup by Distribution Channel:

• Hypermarkets and Supermarkets
• Convenience Stores
• Online Stores
• Others
   

Breakup by End Use Industry:

• Food Industry
• Cosmetic Industry
• Pharmaceutical
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Mexico
  • Brazil
  • Others
• Middle East and Africa
  • United Arab Emirates
  • Saudi Arabia
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Akdalar Dried Food Company, Chengde Yaou Nuts & Seeds Co. Ltd., Farmeks, Izmir Organic, Kenkko Corporation, Preminux Gmbh and Zhangjiakou Yongchangyuan Kernel Food Co. Ltd.

Report Coverage:

Key Questions Answered in This Report:

• How has the global apricot kernel market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global apricot kernel market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the distribution channel?
• What is the breakup of the market based on the end use industry?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the market?
• What is the structure of the global apricot kernel market and who are the key players?
• What is the degree of competition in the market?