Apricot Kernel Market, overview and Market Insights - $0
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The Apricot Kernel Market which was growing at a value of 0.6 billion in 2021 and is expected to reach the value of USD 0.89 billion by 2029, at a CAGR of 5.00% during the forecast period of 2022-2029.• Global Apricot Kernel Market, By Type (Bitter, Sweet), Application (Edible, Medicinal, Others) End- Users (Business to Business, Cosmetics, Food and Beverage, Bakery, Confectionary, and Business to Customer), Distribution Channel (Store-Based Retailing, Modern Grocery Retailers, Convenience Store, Forecourt Retailers, Hypermarkets, Supermarkets, Traditional Grocery Retailers, Food Specialist, Independent Small Grocers, Other Grocery Retailers, and Online), – Industry Trends and Forecast to 2029.
• Data Bridge Market Research analyses that the apricot kernel market which was growing at a value of 0.6 billion in 2021 and is expected to reach the value of USD 0.89 billion by 2029, at a CAGR of 5.00% during the forecast period of 2022-2029.
• To bring about this report, primary and secondary research methodologies have been employed for a detailed study.
• Researchers and analysts have also estimated key milestones achieved by the Global Apricot Kernel Market and associated them with the current market trends to give the readers a holistic picture of the market.
• This market document performs a SWOT analysis of major key players of the global Apricot Kernel industry based on strengths, weaknesses, opportunities, and threats as well as the company’s internal & external environments. This Global Apricot Kernel Market research report evaluates the current as well as future performance of the market, and also brand-new trends in the market.
• The market report is an important element that gains demand from all corners of the globe
• It provides a product overview and highlights product and application segments of the global market including price, revenue, sales, sales growth rate, and market share by product. In this Global Apricot Kernel Market report, a section on the competitive landscape of the key players operating in the global market has also been covered.
• Moreover, this industry report lists and studies the leading competitors and also provides insights into the strategic industry analysis of the key factors influencing the market dynamics.
Apricot Kernel Market Dynamics
• Growing application of apricot kernels in the food industry due to its numerous benefits.
• High prevalence of organic ingredients such as apricot in the personal care industry
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Growing application of apricot kernels in the food industry due to its numerous benefits
Consumer health concerns about the rising prevalence of lifestyle disorders such as obesity, diabetes, and gastroesophageal reflux disease (GERD), among others, are driving demand for the apricot kernel. Aside from that, the growing baking industry has accelerated the use of apricot kernel in the preparation of a variety of baked goods such as apricot bread, amaretto cookies, apricot-almond finger biscuits, and so on. Furthermore, the growing popularity of vegan food trends is increasing demand for apricot kernel-based snacks, oatmeal, muffins, scones, salads, and so on.
High prevalence of organic ingredients such as apricot in the personal care industry
A significant increase in the cosmetic and personal grooming sector is also driving apricot kernel adoption in skincare, haircare, and lip care products. The growing consumer preference for vegan and animal cruelty-free personal grooming products is driving up demand for apricot kernel-containing face masks, scrubs, creams, lotions, and so on. In the coming years, the increasing use of apricot kernel to produce essential oils for various applications in the cosmetics and personal grooming sectors will drive market growth.
Opportunity for Apricot Kernel Market
Mergers and acquisitions between apricot oil suppliers and end-use industries, as well as high investment in the food, cosmetics, and pharmaceutical industries, are some of the factors driving the global apricot oil market. Due to the region's rapidly growing economy and population, market players in the apricot oil market have a significantly high opportunity in Asia-Pacific.
Distribution channel of Apricot Kernel Marketing
• Store-Based Retailing
• Modern Grocery Retailers
• Convenience Store
• Forecourt Retailers
• Hypermarkets
• Supermarkets
• Traditional Grocery Retailers
• Food Specialist
• Independent Small Grocers
• Other Grocery Retailers
• Online
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Competitive Landscape and Apricot Kernel Market Share Analysis
The apricot kernel market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the apricot kernel market.
Some of the major players operating in the apricot kernel market are:
• KENKKO CORPORATION (U.K.)
• ApricotKing (U.S.)
• BATA FOOD (Turkey)
• NationalRaisin Company (U.S.)
• Anatolia A.Ş. (Turkey)
• ZIBA FOODS (U.S.)
• Kayisicioglu Apricot (Turkey)
• Traina Home Grown (U.S.)
• Sun-Maid Growers of California (U.S.)
• Red River Foods (U.S.)
• PURCELL MOUNTAIN FARMS (U.S.)
• B & R Farms (U.S.)
• Jutai Foods Group Limited (India)
• Golden Apricots (U.S.)
• Retaj Agro Farms (India)
• TAKKAIAH AND CO. (India)
MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six Global Apricot Kernel Market
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