Market Size & Share:
The Global Dried Apricots Market is expected to grow at a CAGR of 3.81% during the forecast period of 2023-2028. The market size was valued at USD 880 million in 2022 and is expected to reach USD 1097 million by 2028. The growing demand for healthy and natural food products, coupled with the increasing popularity of dried fruits, is expected to drive the growth of the market during the forecast period.
Market Price Analysis:
The price of dried apricots varies depending on the quality, size, and packaging. In general, organic dried apricots are more expensive than conventionally grown apricots. The average price of dried apricots ranges from USD 2.50 to USD 6.50 per pound.
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Market Trends:
The demand for organic and non-GMO dried apricots has been increasing due to the growing consumer awareness regarding the harmful effects of pesticides and chemicals. Consumers are also looking for new and innovative flavors and packaging options. In addition, the popularity of online retail channels has been increasing, providing easy access to a wide variety of dried apricot products.
Growth Drivers:
The growing demand for healthy and natural food products, coupled with the increasing popularity of dried fruits, is expected to drive the growth of the market. The rising health consciousness among consumers, coupled with the increasing number of health-related issues, has led to an increase in demand for dried fruits, including dried apricots. Additionally, the long shelf life of dried apricots makes them an ideal snack option for consumers.
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Industry Analysis:
The dried apricot industry is highly fragmented, with several small and large players operating in the market. Some of the major players in the industry include Bergin Fruit and Nut Company, Sun-Maid Growers of California, National Raisin Company, and Traina Foods Inc. The market is characterized by intense competition, with players competing on the basis of product quality, price, packaging, and innovation.
Regional Analysis:
The global dried apricots market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Europe is the largest market for dried apricots, followed by North America and Asia-Pacific. The growing demand for natural and healthy food products
Competitive Landscape:
The dried apricots market is highly competitive, with several players operating in the market. Some of the major players in the market include:
• Bergin Fruit and Nut Company
• Sun-Maid Growers of California
• National Raisin Company
• Traina Foods Inc.
• Dole Food Company Inc.
• Royal Nut Company
• Paradise Fruits Solutions
• Ziba Foods
• Viva Bella Orchards Inc.
• Alfoah
These companies are focusing on new product development, expansion, and partnerships to increase their market share and stay competitive in the market.
FAQs:
Q: What are the health benefits of dried apricots?
A: Dried apricots are a great source of fiber, potassium, iron, and vitamins A and C. They are also rich in antioxidants that help to protect the body from harmful free radicals.
Q: What is the market size of the global dried apricots market?
A: The market size of the global dried apricots market was valued at USD 880 million in 2022 and is expected to reach USD 1097 million by 2028.
Q: Which region has the largest market share for dried apricots?
A: Europe is the largest market for dried apricots, followed by North America and Asia-Pacific.
Q: What are the major players in the dried apricots market?
A: Some of the major players in the dried apricots market include Bergin Fruit and Nut Company, Sun-Maid Growers of California, National Raisin Company, and Traina Foods Inc.
Q: What is the expected CAGR of the global dried apricots market?
A: The global dried apricots market is expected to grow at a CAGR of 3.81% during the forecast period of 2023-2028.
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