PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1638998
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1638998
The global dried apricots market was valued at USD 885.53 million in 2023 and is poised to expand at a significant compound annual growth rate (CAGR) of 5.7% from 2024 to 2032. This growth trajectory is predominantly driven by a surge in health-conscious consumer behavior, who are increasingly gravitating towards natural and nutrient-dense snacks. Rich in fiber, vitamins, and antioxidants, dried apricots are gaining significant popularity among individuals looking for healthy snack alternatives. Advances in drying technologies, such as freeze-drying and infrared drying, play a pivotal role in preserving the fruits' flavor and nutritional content better than traditional methods.
Increasing awareness of the numerous health benefits of dried apricots-such as their high iron content beneficial for treating anemia, as well as their rich vitamin C profile-is further accelerating their inclusion in various dietary regimens. Additionally, the growing trend of on-the-go snacking and the incorporation of dried apricots into diverse food products like baked goods, jams, and sauces is fueling their demand across different consumer segments. This rising demand aligns with the global move towards more sustainable and organic food options, particularly organic dried apricots, which are anticipated to grow at a faster pace compared to conventional varieties.
The conventional dried apricots segment, owing to their affordability and widespread availability, currently dominates the market with a substantial revenue share. However, the organic segment is expected to witness the fastest growth during the forecast period, driven by a shift towards cleaner, pesticide-free food products. Additionally, the versatility of dried apricots in various forms, such as whole dried, powdered, and diced/granular, further supports market expansion. The convenience of powdered dried apricots is especially favored by food manufacturers due to its application in a range of products from health bars to beverages.
The market is segmented based on product type, form, distribution channel, and regional outlook. Regionally, Europe holds the largest share, benefiting from a long-standing tradition of dried fruit consumption and robust retail infrastructure. North America and Asia Pacific are also key contributors to the market's growth, with the latter expected to experience the fastest growth due to the increasing adoption of dried apricots in everyday diets and the growing consumer preference for healthier snack alternatives.