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The global apricot kernel market grew at a CAGR of 5% during 2015-2020. 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. Looking forward, IMARC Group expects the global apricot kernel market to continue its moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global apricot kernel market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, application, distribution channel and end use industry.
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The competitive landscape of the industry has also been examined with some of the key players being Akda?lar Dried Food Company, Chengde Yaou Nuts & Seeds Co. Ltd., Farmeks, Izmir Organic, Kenkko Corporation, Preminux Gmbh and Zhangjiakou Yongchangyuan Kernel Food Co. Ltd.
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