Apricot Oil Market By Type (Cold-Pressed Apricot Oil, Refined Apricot Oil, Organic Apricot Oil), By Application (Cosmetics & Personal Care, Food & Beverages, Pharmaceuticals), By End-User Industry (Cosmetics & Personal Care, Food & Beverages, Pharmaceuticals), and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Apricot Oil Market was valued at USD 5.2 billion in 2023 and will surpass USD 7.2 billion by 2030; growing at a CAGR of 4.8% during 2024 - 2030.

The apricot oil market has experienced significant growth in recent years, driven by its widespread use in cosmetics, personal care, food and beverages, and pharmaceuticals. Extracted from the kernels of apricots, apricot oil is highly valued for its rich nutritional profile, including vitamins A, C, and E, which offer benefits for skin health, hair care, and general well-being. The growing trend towards natural and organic products has further boosted demand, especially in regions with an increasing focus on sustainable and chemical-free ingredients. The market’s expansion is also fueled by innovations in oil extraction processes, including cold pressing, which helps preserve the oil’s beneficial properties.

Cold-Pressed Apricot Oil Segment Is Largest Owing To Growing Demand for Natural Skincare

The cold-pressed apricot oil segment is the largest in the apricot oil market, driven primarily by its popularity in the cosmetics and personal care industries. Cold-pressing is a method that retains the oil’s natural nutrients, antioxidants, and vitamins, making it highly desirable for skin care formulations. As consumers increasingly seek natural, chemical-free, and organic skincare products, cold-pressed apricot oil has gained traction for its gentle, yet effective, moisturizing and anti-aging properties. This segment’s dominance is supported by the growing use of apricot oil in anti-wrinkle, anti-inflammatory, and hydrating skincare products.

Cold-pressed apricot oil is particularly prized for its lightweight texture, making it suitable for sensitive skin. Furthermore, with the rise in awareness of the benefits of using organic and natural ingredients, it is expected that this segment will continue to capture the largest share of the market in the coming years. With the demand for eco-friendly and sustainable products also on the rise, cold-pressed apricot oil, which is generally seen as more eco-conscious compared to refined options, is increasingly favored by brands seeking to align with these values.

Cosmetics & Personal Care Application Is Fastest Growing Due To Rising Preference for Natural Ingredients

The cosmetics and personal care application is the fastest-growing segment in the apricot oil market, owing to the surging demand for organic and natural skincare products. Apricot oil, with its skin-soothing and moisturizing properties, has found wide use in facial oils, lotions, creams, and hair care products. It is also used in sunscreens, as it helps to prevent premature aging by maintaining the skin’s elasticity and preventing dryness. The clean beauty movement has further propelled this growth, as consumers are becoming increasingly aware of the benefits of plant-based ingredients, driving the demand for apricot oil-based products.

Additionally, apricot oil is frequently included in formulations designed for sensitive skin due to its gentle properties. With the shift in consumer preferences towards products that are free from harsh chemicals and synthetics, the cosmetics and personal care segment is poised for significant expansion. Major skincare brands are now incorporating apricot oil in their lines to meet this demand, making it a key player in the personal care space.

Cosmetics & Personal Care End-User Industry Is Largest Due To Rising Consumer Awareness and Preference for Natural Beauty Products

The cosmetics and personal care industry is the largest end-user of apricot oil, driven by growing consumer awareness of the benefits of natural and organic ingredients. Apricot oil’s versatility as a moisturizer, anti-inflammatory agent, and skin-nourishing product makes it a valuable ingredient in a variety of cosmetics, including anti-aging creams, serums, and lotions. As beauty trends move towards clean and green products, apricot oil has emerged as a key ingredient in the formulation of premium skincare and hair care products. Its increasing use in organic personal care formulations has contributed to the sector’s growth.

The demand for apricot oil in cosmetics is also fueled by its benefits in hair care, as it helps restore shine, improve texture, and reduce frizz. Furthermore, the growing trend of DIY beauty products has led to a surge in interest in apricot oil as a base for homemade skin and hair care remedies. With a strong consumer preference for sustainable and eco-conscious products, apricot oil is likely to continue being a preferred choice in the cosmetics and personal care industry.

Asia-Pacific Region Is Fastest Growing Due To Expanding Cosmetic Market and Consumer Preference for Natural Products

The Asia-Pacific region is the fastest-growing market for apricot oil, driven by rapid expansion in the cosmetics and personal care industry. Countries like India and China are seeing increasing demand for organic and natural products as consumers become more aware of the harmful effects of synthetic chemicals. The rising disposable income and changing consumer lifestyles have also contributed to a greater focus on personal grooming and wellness. In particular, China’s growing preference for skincare products formulated with natural oils, like apricot oil, has been a major driver of market growth.

Moreover, the increasing popularity of apricot oil in countries like Japan, where skincare is an important cultural aspect, further supports the region’s growth. The expanding beauty and wellness market in the Asia-Pacific region, along with the rising demand for high-quality natural ingredients, is expected to continue fueling the growth of apricot oil in the region for the foreseeable future.

Competitive Landscape and Leading Companies

The apricot oil market is highly competitive, with several key players working to expand their presence through product innovations and strategic partnerships. Leading companies such as NOW Foods, Flora, and Mountain Rose Herbs are known for their high-quality apricot oil offerings, which cater to a wide range of applications in the cosmetics, food, and pharmaceutical industries. These companies are also focusing on sustainability and organic certifications to attract the growing number of environmentally-conscious consumers.

Other companies, such as Edens Garden and Pranarôm International, have also made their mark in the market by providing premium apricot oil and emphasizing purity and ethical sourcing. The competitive landscape is shaped by both large multinational corporations and smaller, niche brands that cater to specific consumer needs. As demand for natural and organic ingredients continues to rise, companies are expected to invest more in research and development to create new apricot oil-based products that align with consumer preferences for clean and sustainable beauty products.

In summary, the apricot oil market is poised for continued growth, with the cold-pressed oil segment leading the way due to its popularity in skincare, the cosmetics and personal care applications seeing rapid expansion, and the Asia-Pacific region emerging as the fastest-growing market. Competitive dynamics in the market are focused on sustainability, organic certification, and meeting the growing consumer demand for natural, eco-friendly products.

Recent Developments:

• NOW Foods recently launched a new line of organic oils, including Apricot Oil, expanding its portfolio of natural skincare and wellness products.
• Austro Öl introduced a new range of cold-pressed Apricot Oil in eco-friendly packaging, emphasizing sustainability in the beauty and wellness industry.
• Flora received a certification for its organic apricot oil line, improving its market presence in the natural skincare sector.
• Pranarôm International has signed a partnership agreement to distribute apricot oil globally, enhancing its presence in Europe and North America.
• Mountain Rose Herbs launched a new product line featuring apricot oil combined with other essential oils aimed at enhancing its product offerings in the aromatherapy space.

List of Leading Companies:

• Aubrey Organics
• Austro Öl
• Biofinest
• Burt's Bees
• Eden's Essentials
• Edens Garden
• Essential Wholesale & Labs
• Flora
• Mountain Rose Herbs
• NOW Foods
• Plant Therapy
• Pranarôm International
• Radha Beauty
• Royal Beauty
• Saffire Blue

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