Dried Apricot Market Synopsis

The global Dried Apricot Market was valued at USD 667.01 Million in 2023 and is likely to reach USD 1136.50 Million by 2032, increasing at a CAGR of 6.1% from 2024 to 2032.

Dried apricots are dried forms of apricot natural product that have had the larger part of their water substance expelled amid the drying prepare. The procedure ordinarily involves cutting the natural product in half, evacuating the pit, at that point drying it within the sun or in a dehydrator.

• The resultant dried apricots have a chewy surface and a solid sweet-tart taste. Dried apricots are a well-known nibble and may be utilized in a extend of formulas, counting heated items, path blends, and savory nourishments. They are as often as possible praised for their tall fibre substance, cancer prevention agents, and diverse vitamins and minerals, counting vitamin A and potassium.
• Dried apricots are a well-known dried natural product gotten from the apricot tree. With beginnings dating back to antiquated times, apricots have been developed in Central Asia for centuries, and dried apricots were especially esteemed along the Silk Street for their long rack life, empowering them to be transported over endless separations.
• The drying handle shifts depending on the measure of the apricots. Little apricots are regularly dried Whole, whereas bigger assortments are dried in halves, with or without the part or stone.
• The sulphur dioxide substance can be decided by the colour, with lighter-coloured apricots having higher SO₂ substance. In different cuisines around the world, dried apricots are utilized in dishes such as qubani ka meetha in India and chamoy in Mexico. They are esteemed not as it were for their flavor but too for their nutritional substance, being wealthy in carotenoids (vitamin A) and potassium. Moreover, they are tall in fiber, making them valuable for calming clogging, in spite of the fact that over-the-top utilization may initiate the runs.
• Dried apricots ordinarily contain no included sugar and have a moo glycemic index. In Turkey, the greatest dampness substance permitted is 25%. By and large, dried apricots are a flexible and nutritious nourishment delighted in around the world for their taste, comfort, and wellbeing benefits.
• This statistic shows the export value of dried apricots worldwide in 2023, by leading country. In that year, Turkey was by far the leading exporter of dried apricots with an export value amounting to a total of over 393 million U.S. dollars worldwide.

Dried Apricot Market Trend Analysis

Rising Demand for Convenience Foods

• The dried apricot advertises benefits essentially from the rising request for comfort nourishments, as buyers progressively look for helpful and nutritious nibble choices to fit their active ways of life. Dried apricots offer a compelling arrangement as they require no refrigeration, have a longer rack life compared to new natural product, and are promptly versatile, making them perfect for on-the-go utilization. With frenzied plans getting to be the standard for numerous buyers, the comfort of being able to seize a pack of dried apricots as a fast and sound nibble offers to a wide statistic, counting understudies, experts, and active families.
• The flexibility of dried apricots amplifies past snacking; they are too utilized as helpful fixings in different nourishment items such as breakfast cereals, path blends, heated products, and servings of mixed greens. This versatility further enhances their request within the comfort nourishment segment, catering to differing shopper inclinations and culinary needs.
• As the request for helpful, nutritious, and versatile nibble alternatives proceeds to rise, dried apricots are well-positioned to meet these evolving consumer desires and play a critical part within the worldwide comfort nourishment showcase.

Opportunities

Expanding Into Developing Markets

• Growing into creating markets within the setting of the dried apricot advertise includes expanding deals and nearness of dried apricot items in locales that are encountering financial development and rising customer request. As economies in creating markets continue to develop, there's regularly an increment in expendable wage and changing buyer inclinations, displaying profitable openings for dried apricot makers and exporters.
• By growing into creating markets, dried apricot producers can tap into unused customer portions who may be looking for more advantageous nibble choices or fixings for their culinary needs. These markets offer potential for noteworthy development due to their huge populaces and expanding urbanization, which leads to more prominent request for helpful and nutritious nourishment items.
• The flexibility of dried apricots makes them well-suited for differing culinary conventions and inclinations found in creating markets. Whether expended as a standalone nibble or joined into conventional dishes, dried apricots can request to a wide run of tastes and inclinations.
• Growing into creating markets moreover makes a difference differentiate income streams for dried apricot producers, lessening reliance on develop markets that will have slower development rates. By setting up a nearness in these rising economies, companies can reinforce their worldwide impression and position themselves for long-term victory within the competitive dried apricot advertise. Growing into creating markets presents an opportunity for dried apricot producers to capitalize on developing shopper request, differentiate their customer base, and drive economical commerce development.

Market Segment Analysis:

Market Segmented based on Nature, by Form, by Distribution Channel and region.

By Form, Whole Dried Apricot Is Expected to Dominate the Market During the Forecast Period

There are many segments Whole Dried, Powdered, Diced

• Whole dried apricots are prevalent due to their flexibility in utilization. They can be devoured as standalone snacks, utilized as fixings in cooking and heating, or joined into different formulas such as servings of mixed greens, path blends, and pastries.
• Whole dried apricots hold their normal appearance, surface, and flavor, making them engaging to customers who incline toward negligibly handled nourishments. The intaglio natural product shape and dynamic colour of Whole dried apricots improve their visual offer and seen freshness. Whole dried apricots ordinarily contain the whole natural product, counting the skin, which is wealthy in dietary fiber and supplements such as vitamins A and C.
• Customers looking for nutritious nibble alternatives or fixings for their suppers may favor Whole dried apricots for their wellbeing benefits. Whole dried apricots have a longer rack life compared to new apricots, making them reasonable for capacity and dissemination over expanded periods.
• This expanded rack life improves their accessibility year-round, notwithstanding of apricot regularity. Whole dried apricots are helpful to handle and parcel, requiring negligible arrangement some time recently utilization or utilize in formulas. They are appropriate for on-the-go snacking and culinary applications, catering to active ways of life.

By Distribution Channel, Online Retailing held the largest share

By Distribution Channel, Store-Based Retailing, Online Retailing and Traditional Grocery Retailers.

• Online retailing offers unparalleled comfort, permitting buyers to buy dried apricots from the consolation of their homes or on-the-go utilizing smartphones or computers. This comfort calculate reverberates with advanced buyers who prioritize time-saving arrangements and favor the ease of online shopping.
• Online retailers frequently offer a wide assortment of dried apricot items, counting distinctive brands, bundling sizes, and natural alternatives. This broad item choice gives customers with more prominent choice and adaptability compared to store-based retailing or conventional basic supply retailers.
• Online retailing empowers customers to get to dried apricot items from anyplace with an online association, overcoming geological confinements and guaranteeing accessibility in locales where physical stores may be rare or removed. This availability extends the showcase reach of dried apricot providers and increments their potential client base. Online stages ordinarily give nitty gritty item data, client reviews, and appraisals, enabling customers to create informed obtaining choices. This straightforwardness cultivates believe and certainty within the quality and realness of dried apricot items, driving deals through online channels.

Market Regional Insights:

Middle East and Africa Region is Expected to Dominate the Market Over the Forecast Period

• Turkey is the biggest maker of dried apricots universally, with the Malatya Territory being the essential developing locale. Malatya's climate and soil conditions are especially well-suited for apricot development, driving to tall yields and superior-quality natural product.
• Turkey includes a long-standing convention of apricot development and drying, dating back centuries. The nation has idealized the craftsmanship of drying apricots, utilizing conventional strategies combined with present day innovation to create premium-quality dried apricots.
• Turkey's key area gives a calculated advantage for trading dried apricots to worldwide markets. Its nearness to key markets in Europe, the Center East, and Asia permits for productive transportation and distribution of dried apricot items. Turkey contains a well-established send out foundation and exchange connections, empowering it to supply dried apricots to a wide extend of nations around the world. Turkish dried apricots are famous for their taste, surface, and reliable quality, making them exceedingly looked for after in universal markets.

Market Top Key Players:

The top key companies in the Dried Apricot Market are:

• Turgut Tarim (Turkey)
• Yupik (Canada)
• Bergin Fruit and Nut Company (United States)
• Malatya Apricot (Turkey)
• Sun-Maid Growers of California (United States)
• Anatolia A.S. (Turkey)
• BATA FOOD (Turkey)
• May Mass Group (Turkey)
• Raisin Champion International (Turkey)
• Nutraway (United States)
• Sunbeam Foods (Australia)
• Royal Nut Company (Australia)
• Olam International (Singapore)
• National Raisin Company (United States)
• KFP Trading (Turkey)
• Cakmak Agricultural Products (Turkey)
• Del Monte Foods (United States)
• Sun Valley Raisins (United States)
• Portakal Tarim (Turkey)
• Fourayes Farm (United Kingdom)
• Nuts.com (United States)
• Five Star Food Exports (South Africa)
• Ziba Foods (United States)
• Vink & Beri LLC (United States)
• Joots (India)
• Middle East Dried Fruits and Nuts (Jordan)
• Bella Viva Orchards (United States)
• APG Group (Turkey)
• Naturix (Turkey) and Other Major Players.

Key Industry Developments in the Market:

• In Sep 2023, Santa Clara Valley used to produce apricots. Today, these city-run orchards serve as relics of a bygone era
• In Jun 2023, Unprecedented apricot harvest in Tajikistan in 2023 – prices of dried fruits are collapsing, according to the participants of the fruit and vegetable market of Tajikistan, after two consecutive lean years for apricots, in 2023 an unprecedented apricot harvest was obtained in the country. The harvest is so high that there is literally not enough people to harvest it, according to East Fruit.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. DRIED APRICOT MARKET BY NATURE (2017-2030)
   1. DRIED APRICOT MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. ORGANIC
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. CONVENTIONAL
7. DRIED APRICOT MARKET BY FORM (2017-2030)
   1. DRIED APRICOT MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. WHOLE DRIED
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. POWDERED
   5. DICED
8. DRIED APRICOT MARKET BY DISTRIBUTION CHANNEL (2017-2030)
   1. DRIED APRICOT MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. ONLINE RETAILING
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. STORE-BASED RETAILING
   5. TRADITIONAL GROCERY RETAILERS
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Benchmarking
      2. DRIED APRICOT Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. TURGUT TARIM (TURKEY)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. YUPIK (CANADA)
   4. BERGIN FRUIT AND NUT COMPANY (UNITED STATES)
   5. MALATYA APRICOT (TURKEY)
   6. SUN-MAID GROWERS OF CALIFORNIA (UNITED STATES)
   7. ANATOLIA A.S. (TURKEY)
   8. BATA FOOD (TURKEY)
   9. MAY MASS GROUP (TURKEY)
   10. RAISIN CHAMPION INTERNATIONAL (TURKEY)
   11. NUTRAWAY (UNITED STATES)
   12. SUNBEAM FOODS (AUSTRALIA)
   13. ROYAL NUT COMPANY (AUSTRALIA)
   14. BATA FOOD (TURKEY)
   15. OLAM INTERNATIONAL (SINGAPORE)
   16. NATIONAL RAISIN COMPANY (UNITED STATES)
   17. KFP TRADING (TURKEY)
   18. CAKMAK AGRICULTURAL PRODUCTS (TURKEY)
   19. DEL MONTE FOODS (UNITED STATES)
   20. SUN VALLEY RAISINS (UNITED STATES)
   21. PORTAKAL TARIM (TURKEY)
   22. FOURAYES FARM (UNITED KINGDOM)
   23. NUTS.COM (UNITED STATES)
   24. FIVE STAR FOOD EXPORTS (SOUTH AFRICA)
   25. ZIBA FOODS (UNITED STATES)
   26. VINK & BERI LLC (UNITED STATES)
   27. JOOTS (INDIA)
   28. MIDDLE EAST DRIED FRUITS AND NUTS (JORDAN)
   29. BELLA VIVA ORCHARDS (UNITED STATES)
   30. APG GROUP (TURKEY)
   31. NATURIX (TURKEY)
10. GLOBAL DRIED APRICOT MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By NATURE
       4. Historic And Forecasted Market Size By FORM
       5. Historic And Forecasted Market Size By DISTRIBUTION CHANNEL
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies