Global Apricot Kernel Market-Size, Share, Forecast, & Industry Analysis 2029
- DataBridge Market004
- Aug 5, 2022
- 3 min read
The Global Apricot Kernel Market has a rate of CAGR of 5.00% in the forecast period 2022 to 2029
Global Apricot Kernel Market-Global Industry Trends & Forecast to 2029
· Data Bridge Market Research analyses that the apricot kernel market which was growing at a value of 0.6 billion in 2021 and is expected to reach the value of USD 0.89 billion by 2029, at a CAGR of 5.00% during the forecast period of 2022-2029.
· In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis, and consumer behavior.
· As a result of this, demand for apricot kernel has begun to rise in the region over the last two decades, depending on application usage and availability.
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COVID-19 Impact on Apricot Kernel Market
COVID-19, or Novel Coronavirus, has not only disrupted human movement, but also the production and trade of major market products. Production halts and lockdowns at the regional and national levels have had an impact on the global demand for apricot kernels. For the market to resurrect, production activities must resume at full force, which is possible after the fourth quarter of FY2020. Not only has siding demand been halted, but supply has also been halted in order to normalize market prices, which is expected to normalize overall production costs, post-market resurrection. Overall, the supply chain for apricot kernel powder has been disrupted and is expected to remain so until the end of the fourth fiscal quarter.
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Global Apricot Kernel Market Scope
The apricot kernel market is segmented on the basis of type, application, end-users, and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
· Bitter
· Sweet
Application
· Edible
· Medicinal
· Others
End-Users
· Business to Business
· Cosmetics
· Food and Beverage
· Bakery
· Confectionary
· Business to Customer
Competitive Landscape and Apricot Kernel Market Share Analysis
Some of the major players operating in the apricot kernel market are:
· KENKKO CORPORATION (U.K.)
· ApricotKing (U.S.)
· BATA FOOD (Turkey)
· NationalRaisin Company (U.S.)
· Anatolia A.Ş. (Turkey)
· ZIBA FOODS (U.S.)
· Kayisicioglu Apricot (Turkey)
· Traina Home Grown (U.S.)
· Sun-Maid Growers of California (U.S.)
· Red River Foods (U.S.)
· PURCELL MOUNTAIN FARMS (U.S.)
· B & R Farms (U.S.)
· Jutai Foods Group Limited (India)
· Golden Apricots (U.S.)
· Retaj Agro Farms (India)
· TAKKAIAH AND CO. (India)
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Apricot Kernel Market Regional Analysis/Insights
The apricot kernel market is analysed and market size insights and trends are provided by country, type, application, end-users and distribution channel as referenced above.
The countries covered in the apricot kernel market report are the U.S., Canada, and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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