Apricot extract is a botanical ingredient obtained from the apricot (a fruit initially cultivated in China 3000 years ago). It is made up of carotenoids and polyphenols. Apricot extract is usually used for the nourishment and moisturization as it contains essential fatty acids and vitamin A. Apricot extract has the anti-inflammatory and antioxidant property which helps in improving the heart health and reduce the risk of infections. Apricot extract is an emollient that helps in soothing, smoothing and softening skin. Apricot extracts contain several nourishing nutrients, minerals, and vitamins. Among them, the chief nutrient is linoleic acid which has the strengthening and calming effect on the skin. It is available in the liquid and powder form in the market. Bound to the above factors, it is expected that the demand for the product would be high during the forecast period.
Growing Applications of Apricot Extract
Apricot extract has numerous applications in several fields. It helps to cure various health problems such as constipation, control blood pressure, improve bone health, and protect eyesight, cures dry, flaky and irritated skin and hair. Apricot extract is also used in various foods and beverages as a flavor ingredient. It adds flavor to various bakeries and confectioneries product including pastries, cakes, ice cream. Apricot extract is widely being used in cosmetics industries. In many cosmetic products such as soaps, face wash, and scrubs apricot extract is widely used. In addition, it is used in dietary supplements which would additionally enhance the demand of apricot extract in the near future. So, by these factors, it is expected that the demand for apricot extract would be high in the near future.
Global Apricot Extract: Market Segmentation
On the basis of source, the global apricot extract market has been segmented as-
On the basis of form, the global apricot extract market has been segmented as-
On the basis of packaging, the global apricot extract market has been segmented as-
- PET Bottles
- Glass Bottles
On the basis of end use, the global apricot extract market has been segmented as-
- Food Industries
- Cosmetic Industries
- Dietary Supplements
- Pharmaceutical Industry
On the basis of grade, the global apricot extract market has been segmented as-
- Food Grade
- Pharmaceutical Grade
On the basis of distribution channel, the global apricot extract market has been segmented as-
- Store Based Retailing
- Healthcare Stores
- Speciality Stores
- Online Based Retailing
Global Apricot Extract: Key Players
Some of the global topmost manufacturers and suppliers of apricot extract are Parchem Fine & Specialty Chemicals, Inc., Quality Products Lab Private Limited, HIYA INDIA BIOTECH PVT. LTD., Global Merchants, Green Heaven Pvt. Ltd., Wuxi Gorunjie Natural-Pharma Co., Ltd, Xi'an Tianrui Biotech Co., Ltd., Hunan NutraMax Inc. More Industrialists and manufacturers are showing a keen interest in the apricot extract as the demand for the product is growing in the food and cosmetic industry.
Opportunities for Market Participants:
Globally growing health and wellness consciousness is expected to boost the demand for the apricot extract market as apricot extract has several health benefits. In addition, increasing trend of grooming would have a significant impact on the apricot extract market. Since apricot extract is used in various cosmetic products including face wash, soaps, scrubs, and face cream. Also, globally growing number of bakeries and confectioneries is expected to give a lucrative growth to the apricot extract market as apricot extract is widely used as a flavor ingredient in the food and beverages. New players who are going to invest in the market should focus on the dietary supplements as the demand for dietary supplement is increasing globally due to the growing fitness trend. By considering the growing application and demand for the product, it is expected that the apricot extract market will grow positive during the upcoming years.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across 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.