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Apricot Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2027

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Global Apricot Oil Market Introduction:

Apricot oil is an odorless thin oil derived from the kernel or seed of the Prunus Armeniaca. Also called apricot kernel oil as derived from kernels, i.e outer coat of apricot fruit. Now, apricot oil is used in various cosmetics and health supplements. It is majorly used in body massage and aromatherapy. Thus, market demand from growing massage centers and aromatherapy centers is higher.

Global Apricot Oil Market Segmentation:

The global apricot oil market is segmented on the basis of application, end-user, distribution channel, and region. Based on application, the global apricot oil market segmented as vitamins & supplements, massage oil, and cooking oils. Among which, massage oil segment is expected to contribute for major revenue share and expected to expand at a significant CAGR in the global apricot oil market over the forecast period, attributed to advantages of apricot oil by the topical application including moisturizing, nourishing, and lubricating properties. Vitamins & supplements segment is followed by body & massage oil segment in the global apricot oil market, attributed to the high demand of apricot oil in nutraceuticals. Based on end-user, the global apricot oil market is fragmented as industries, food services, and consumers. Among end-user market segments, industries segment contribute for relatively high-value share, whereas, consumers segment is expected to have a substantial growth rate in the apricot oil market, owing to increasing health consciousness of consumers across the globe. Industries segment is fragmented as pharmaceuticals, food and beverages, and cosmetics. Based on distribution channel, the global apricot oil market segmented as wholesalers, online retail, supermarkets/hypermarkets, and specialty stores. Among which, the wholesale segment is expected to contribute for major revenue share whereas retail segment is expected to expand at a significant CAGR in the global apricot oil market over the forecast period. Moreover, retail segment is sub-segmented into in-store and online.

Global Apricot Oil Market Regional Outlook:

Geographically, the global apricot oil market can be segmented into major regions which include North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. Among the regional market, North America accounts for the substantial revenue share in the global apricot oil market, owing to high health consciousness among consumers across the region. Europe is followed by North America in the global apricot oil market with significant value share. Asia-Pacific is expected to expand at a relatively high growth rate in the apricot oil market, attributed rapidly growing population, increasing demand for aromatherapy and healthy oil options. The Middle East and Africa is expected to contribute for relatively low revenue share in global apricot oil market whereas, the region is expected to register substantial CAGR over the forecast period. Overall, the outlook for the global apricot oil market will have a positive growth over the forecast period.

Global Apricot Oil Market Dynamics:

The global apricot oil market growth is driven by increasing demand for cosmetic, pharmaceutical, aromatherapy, and food industry. Macroeconomic factors such as increasing per capita income, changing lifestyle, growing economy, and rapid rate of urbanization are factors expected to fuel the growth of global apricot oil market. Moreover, growing supplement market also fueling the global apricot oil market growth. Some of the factors trending the global apricot oil market include mergers & acquisitions between the apricot oil suppliers and end-use industries and high investment in the food, cosmetics, and pharmaceutical industry. The market players operating in the apricot oil market have a significantly high opportunity in Asia-Pacific attributed to the significantly growing economy and population across the regions.

Global Apricot Oil Market Player:

Few key players in the global apricot oil market  includes Life-flo, Frontier Natural Products Co-op., Starwest Botanicals, Shea Moisture, Pre de Provence, Plantlife, Physicians Formula, Organix, NOW Foods, Natures Bounty, Nature's Alchemy, MyChelle, Lotus Touch, Larenim Ltd., Josie Maran cosmetics, Hobe Laboratories Inc., Fit & Fresh, Deep Steep, and Aura Cacia etc.

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
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


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