The
global
apricots market is expected to grow at a CAGR of 3.55% during the
forecast period. Based on the product, the global apricots market has been
segmented into conventional apricot and organic apricot.
The demand for apricot is expected to
increase globally during the forecast period owing to the rising awareness
among consumers about the health benefits of apricots, such as they are rich in
essential vitamins and minerals. The increasing application of apricot as an
ingredient in the production of various food and beverage products will also
drive the demand for conventional apricot. The increasing production of
apricots globally will also help in the growth of the segment during the
forecast period.
However, the adverse climatic
conditions in the major apricot producing regions can hamper the supply of
apricots and negatively influence the growth of the conventional apricot
segment. Further, the increasing applications of apricot in the production of various
food and beverage products are expected to positively impact the growth of the
conventional apricot segment of the global apricots market during the forecast
period.
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