Apricot
Oil Market: Overview
Apricot
Oil which is also known as prunus armeniaca is extracted from the
seeds of apricot fruit with the help of cold press method. The base
oil is generally mixed with other essential oil to facilitate easy
application. The apricot oil is ordinarily used in cosmetics products
such as massage and aromatherapy oils, skin care lotions, soaps, and
creams etc. in addition to this, it is used as a carrier oil in
pharmaceutical products. The apricot oil is also used in dietary
supplements as it is an excellent source of essential fatty acids and
antioxidants.
Apricot
Oil Market: Drivers and Restraints
The
apricot
oil market is expected to gain significant demand during the
forecast period. The high growth of apricot oil is attributed to the
increase in demand for essential oils in various applications such as
cosmetics and skin care, spa, hair care products, and in food
products. Growing awareness regarding the health benefits of apricot
oil coupled with health consciousness among the consumers is likely
to bring high revenue growth to the global apricot oil market. The
growing demand for skin care products and various cosmetics, as well
as spa and relaxation applications, is expected to increase demand in
upcoming years. In addition to this factors, the growing disposable
income of the increasing middle-class population in developing
countries has nurtured the demand for apricot oil for cosmetics and
personal care products. The contents of amygdalin in the apricot oil
can get converted to cyanide in the body. This may lead to
respiratory failure. The amygdalin contents is removed from the
edible apricot oil. This limits the application of apricot oil for
edible applications. Thus it is anticipated to act as a restraint for
the apricot oil market.
On
the basis of application type, the apricot oil market can be
segmented into food, personal care, Spa, Medical, and others.
Personal care application is expected to remain as a dominant segment
over the forecast period owing to increasing demand for skin care and
hair care products.
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Apricot
Oil Market: Segmentation
On
the basis of Application,
- Food
- Personal care
- Spa
- Medical
- Others
Apricot
Oil Market: Region Wise Outlook
The
global Apricot Oil Market is segmented into the seven key regions:
North America, Latin America, Western Europe, and Eastern Europe,
Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa
(MEA). The North America region is the leading market in the global
Apricot Oil market. Factors such as high living standards, increased
health awareness, increasing disposable income, and on the move
lifestyle are expected to expand the growth of apricot oil market
over the forecast period. APEJ is likely to be the fastest growing
market owing to the increasing demand of apricot oil in personal care
industry.
Apricot
Oil Market: Key Players
- AMD Oil, LLC
- Dogaci – Cosmetic Products
- Xi’an Fengzu Biotechnology Co., Ltd
- Green Fields Oil Factory
- BATA FOOD
- Herbal Bio Solutions
- Gopiraj International Limited
- Proteco Oils
- Falcon
- Statfold Seed Developments Ltd.
- G. Industries
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