Global Dried Apricots Market Report and Forecast 2024-2032

Global Dried Apricots Market Outlook

The global dried apricots market size attained a value of USD 912.40 million in 2023. The market is further expected to grow at a CAGR of 3.8% between 2024 and 2032, to reach a value of USD 1272.33 million by 2032.

Key Trends in the Market

A traditional dried fruit, dried apricot refers to an apricot which has been preserved by a drying process. The colour of this fruit can vary from being vivid orange to dark orange. Dried apricots have a long shelf-life and possess a high fibre-to-volume ratio with nutritional components such as vitamin A, iron, potassium, and antioxidants. In around 100 grams of dried apricots there are approximately 241 calories, with a moisture content of around 20-25%.

• According to the dried apricots market report, dried apricot can help lower cholesterol, improve digestion, and fulfil the vitamin A need of consumers. As it offers health benefits, is low in calories, and high in flavour, the increasing health consciousness and inclination towards health and fitness are contributing towards the expansion of dried apricots market size.

• The growing research and development activities by the major market players aimed towards improving the quality of dried apricots, bringing innovation in packaging style, and enhancing the flavour, are the crucial dried apricots market trends. Growing focus on expanding sales via online sales is likely to aid the market in the coming years.

• As per the dried apricots market research, Asia Pacific is a key region of the market. The stable growth attained by the dried apricots market Australia is one of the major reasons for the exponential growth of the market in this region, attributed to the increasing apricot production in Australia, amidst an increasing demand for dried apricots.

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Market Analysis

Based on type, the market is segmented into conventional and organic. On the basis of form, the market is classified into whole, diced, and powdered. By distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, specialist retailers, and online, among others. The regional markets for dried apricots are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global dried apricots market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Bata Food

• Sun-Maid Growers of California

• Traina Home Grown

• Purcell Mountain Farms

• ApricotKing

• Bergin Fruit and Nut Company

• Sahra Apricots

• NationalRaisin Company

• Anatolia

• Ziba Foods

• Others

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Market Share by Type

The organic segment, based on type, accounts for a sizable portion of the dried apricots market share as organic dried apricots are considered to be healthier due to the lack of use of chemicals in the production process. Dried apricots market data suggests that to meet the increasing demand for organic dried apricots, more manufacturers are investing in the cultivation of organic apricots. In addition, the rapid transition towards consuming sustainable packaged foods, along with produce free from chemicals is offering lucrative growth opportunities for dried apricots market growth. Over the forecast period, the anticipated increase in demand for dried apricots as an alternative to unhealthy snacks, is expected to provide impetus to this segment.

Market Share by Distribution Channel

Based on distribution channel, the online segment accounts for a significant share in the dried apricots market as the increasing expansion of online shopping and grocery delivery platforms is fuelling the sale of dried apricots. According to the global dried apricots market report, rapid transition from traditional modes of shopping towards online purchasing, coupled with the increasing purchasing power of working population, is further aiding the segment’s growth. Dried apricots market analysis also suggests that the wide availability of dried apricot in various forms with convenient packaging are expected to attract a greater number of consumers in the forecast period. Furthermore, the increasing number of e-commerce players are expected to improve the reach of dried apricots among the potential consumers, leading to a bolstered growth of the online segment in the coming years.

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Competitive Landscape

Bata Food is a leading organic and conventional food ingredient producing company which has a vast product portfolio covering herbs and spices, oils and fats, paste and spreads, plant protein, edible nuts, and frozen fruits and vegetables, among others. This company was founded in 2009 and is currently headquartered in Istanbul, Turkey.

Sun-Maid Growers of California is a privately owned cooperative of raisin growers which is a prominent processor of raisin and dried fruits. It provides natural seedless raisins, midgets, raisin muffins, and cookie mixes, among other processed food products. The company was established in 1912 and is currently based out of California, United States.

Traina Home Grown is one of the largest producers of dried fruit products. The product portfolio of this company includes berries, citrus fruits, sun dried tomatoes, tree fruits, tropical fruits, and valley fruits and blends, among others. It also provides colours and flavours to snack packs, energy bars, and salad kits, etc. This company was founded in 1926 and is headquartered in California, United States.

Other market players include Purcell Mountain Farms, ApricotKing, Bergin Fruit and Nut Company, Sahra Apricots, NationalRaisin Company, Anatolia, and Ziba Foods, among others.

Key Highlights of the Report