Market Outlook
Apricot extract is a botanical ingredient obtained from the
apricot (a fruit initially cultivated in China 3000 years ago). It is made up
of carotenoids and polyphenols. Apricot extract is usually used for the
nourishment and moisturization as it contains essential fatty acids and vitamin
A. Apricot
extract has the anti-inflammatory and antioxidant property which helps
in improving the heart health and reduce the risk of infections. Apricot
extract is an emollient that helps in soothing, smoothing and softening skin.
Apricot extracts contain several nourishing nutrients, minerals, and vitamins.
Among them, the chief nutrient is linoleic acid which has the strengthening and
calming effect on the skin. It is available in the liquid and powder form in
the market. Bound to the above factors, it is expected that the demand for the
product would be high during the forecast period.
Growing Applications
of Apricot Extract
Apricot extract has numerous applications in several fields. It
helps to cure various health problems such as constipation, control blood
pressure, improve bone health, and protect eyesight, cures dry, flaky and
irritated skin and hair. Apricot extract is also used in various foods and
beverages as a flavor ingredient. It adds flavor to various bakeries and
confectioneries product including pastries, cakes, ice cream. Apricot extract
is widely being used in cosmetics industries. In many cosmetic products such as
soaps, face wash, and scrubs apricot extract is widely used. In addition, it is
used in dietary supplements which would additionally enhance the demand of
apricot extract in the near future. So, by these factors, it is expected that
the demand for apricot extract would be high in the near future.
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Global Apricot
Extract: Key Players
Some of the global topmost manufacturers and suppliers of
apricot extract are Parchem Fine & Specialty Chemicals,
Inc., Quality Products Lab Private Limited, HIYA INDIA BIOTECH PVT.
LTD., Global Merchants, Green Heaven Pvt. Ltd., Wuxi Gorunjie
Natural-Pharma Co., Ltd, Xi'an Tianrui Biotech Co., Ltd., Hunan NutraMax
Inc. More Industrialists and manufacturers are showing a keen interest in
the apricot extract as the demand for the product is growing in the food and
cosmetic industry.
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Opportunities for
Market Participants:
Globally growing health and wellness consciousness is expected
to boost the demand for the apricot extract market as apricot extract has
several health benefits. In addition, increasing trend of grooming would have a
significant impact on the apricot extract market. Since apricot extract is used
in various cosmetic products including face wash, soaps, scrubs, and face cream.
Also, globally growing number of bakeries and confectioneries is expected to
give a lucrative growth to the apricot extract market as apricot extract is
widely used as a flavor ingredient in the food and beverages. New players who
are going to invest in the market should focus on the dietary supplements as
the demand for dietary supplement is increasing globally due to the growing
fitness trend. By considering the growing application and demand for the
product, it is expected that the apricot extract market will grow positive
during the upcoming years.
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