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Apricot Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2026

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Apricot Oil Market: Overview

Apricot Oil which is also known as prunus armeniaca is extracted from the seeds of apricot fruit with the help of cold press method. The base oil is generally mixed with other essential oil to facilitate easy application. The apricot oil is ordinarily used in cosmetics products such as massage and aromatherapy oils, skin care lotions, soaps, and creams etc. in addition to this, it is used as a carrier oil in pharmaceutical products. The apricot oil is also used in dietary supplements as it is an excellent source of essential fatty acids and antioxidants.

 Apricot Oil Market: Drivers and Restraints

The apricot oil market is expected to gain significant demand during the  forecast period. The high growth of apricot oil is attributed to the increase in demand for essential oils in various applications such as cosmetics and skin care, spa, hair care products, and in food products. Growing awareness regarding the health benefits of apricot oil coupled with health consciousness among the consumers is likely to bring high revenue growth to the global apricot oil market. The growing demand for skin care products and various cosmetics, as well as spa and relaxation applications, is expected to increase demand in upcoming years. In addition to this factors, the growing disposable income of the increasing middle-class population in developing countries has nurtured the demand for apricot oil for cosmetics and personal care products. The contents of amygdalin in the apricot oil can get converted to cyanide in the body. This may lead to respiratory failure. The amygdalin contents is removed from the edible apricot oil. This limits the application of apricot oil for edible applications. Thus it is anticipated to act as a restraint for the apricot oil market.

On the basis of application type, the apricot oil market can be segmented into food, personal care, Spa, Medical, and others. Personal care application is expected to remain as a dominant segment over the forecast period owing to increasing demand for skin care and hair care products.

Apricot Oil Market: Segmentation

On the basis of Application,

  • Food
  • Personal care
  • Spa
  • Medical
  • Others

Apricot Oil Market: Region Wise Outlook

The global Apricot Oil Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). The North America region is the leading market in the global Apricot Oil market. Factors such as high living standards, increased health awareness, increasing disposable income, and on the move lifestyle are expected to expand the growth of apricot oil market over the forecast period. APEJ is likely to be the fastest growing market owing to the increasing demand of apricot oil in personal care industry.

 Apricot Oil Market: Key Players

  • AMD Oil, LLC
  • Dogaci – Cosmetic Products
  • Xi’an Fengzu Biotechnology Co., Ltd
  • Green Fields Oil Factory
  • Herbal Bio Solutions
  • Gopiraj International Limited
  • Proteco Oils
  • Falcon
  • Statfold Seed Developments Ltd.
  • G. Industries

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
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