Global Apricot Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028

“Global Apricot Oil Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global apricot oil market report has been segmented on the basis of application, distribution channel, and region.

Global Apricot Oil Market: Overview

Apricot oil is an odorless oil derived from the seeds of Apricots. Apricot oil is majorly used in aromatherapy, body massage as it is extremely light, makes skin smooth and soft. It is used in various health supplements and cosmetics as it helps to nourish the skin, improve skin tone, and reduce the aging signs such as wrinkles, blemishes, and lines. It is an excellent ingredient for desserts and other recipes.

Global Apricot Oil Market: Dynamics

Increasing awareness about health benefits of apricot oil among health conscious consumers is expected to drive the global market in the next coming years. Additionally, growing demand for essential oils in various industries such as cosmetic, aromatherapy, pharmaceutical, and food is another factor expected to drive the global market in the next 10 years. Apricot oil is used as a dietary supplement due to presence of large amount of antioxidants and fatty acids. It is used for cooking owing to low cholesterol content, and is beneficial for cardiac health. Moreover, rapid urbanization, increasing disposable income, changing lifestyle, and increasing number of massage centres & aromatherapy centres are factors expected to fuel growth of the target market in the near future.

However, high production cost of apricot oil is a major factor that could restrain growth of the global market.

Global Apricot Oil Market: Segment Analysis

Among the application segments, the massage oil segment is expected to account for major share in terms of revenue in the near future, due to its topical application such as nourishing, moisturizing, lubricating and many more. The vitamins & supplements segment is expected to register moderate revenue growth in years to come, due to high demand of apricot oil in nutraceuticals.

Among the distribution channel, the online retail segment is expected to register lucrative growth in terms of revenue, due to growing trend of online shopping and availability of many discounts.

Global Apricot Oil Market: Region Analysis

The North America apricot oil market is expected to account for major share in terms of revenue in next coming years. Increasing health awareness among individuals, rising demand for apricot oil products, and growing its use for aromatherapy in countries such as the US are factors expected to proliferate growth of the target market in the region. In addition, presence of major players and high production of apricot oil in the US is a factor boosting growth of the global market in North America. The Europe market is expected to account for second-highest share in terms of revenue in the near future owing to rapidly growing cosmetic industry and increasing consumer preference for rich quality products. The Asia Pacific market is expected to grow at a faster rate in years to come. Rising demand for essential oils in different applications such as cosmetics, spa, hair care and food products is increasing demand for apricot oil, growing population and increasing disposable income are factors expected to fuel growth of the global market in Asia Pacific region.

Global Apricot Oil Market Segmentation:

Segmentation by Application:

• Vitamins & supplements
• Massage Oil
• Cooking Oils

Segmentation by Distribution Channel:

• Wholesalers
• Online Retail
• Supermarkets/Hypermarkets
• Specialty Stores

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa