Apricot Oil

Global Apricot Oil Market to Reach US$2.6 Billion by 2030

The global market for Apricot Oil estimated at US$2.0 Billion in the year 2024, is expected to reach US$2.6 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2024-2030. Online Distribution Channel, one of the segments analyzed in the report, is expected to record a 5.5% CAGR and reach US$1.8 Billion by the end of the analysis period. Growth in the Offline Distribution Channel segment is estimated at 3.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$540.3 Million While China is Forecast to Grow at 8.8% CAGR

The Apricot Oil market in the U.S. is estimated at US$540.3 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$553.0 Million by the year 2030 trailing a CAGR of 8.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.9% and 3.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Global Apricot Oil Market – Key Trends & Drivers Summarized

Why Is Apricot Oil Gaining Popularity in the Personal Care and Cosmetics Industry?

Apricot oil, extracted from the kernels of apricots, has gained significant traction in the personal care and cosmetics industry due to its rich composition of essential fatty acids, vitamins, and antioxidants. As consumer preferences shift toward natural, plant-based skincare and beauty products, apricot oil has emerged as a key ingredient in facial serums, moisturizers, hair oils, and anti-aging formulations. The growing demand for clean beauty and chemical-free formulations has further contributed to its increasing adoption, as brands position apricot oil as a non-toxic alternative to synthetic emollients. Additionally, its lightweight texture and quick absorption make it a preferred ingredient in premium skincare, catering to consumers who seek hydration without greasiness. The influence of social media, dermatologists, and beauty influencers promoting botanical skincare has amplified consumer awareness of apricot oil’s versatility, leading to its inclusion in multifunctional beauty products. Furthermore, with the expansion of men’s grooming, apricot oil is finding applications in beard oils, shaving creams, and post-shave balms, further diversifying its market reach. As ethical sourcing and sustainability concerns grow, brands are emphasizing fair-trade apricot oil and eco-friendly packaging, aligning with the increasing consumer preference for responsibly sourced ingredients.

How Are Technological Innovations Improving Apricot Oil Extraction and Quality?

The development of advanced extraction technologies has significantly improved the quality, purity, and commercial viability of apricot oil for various applications. Traditional extraction methods, such as solvent-based processing, are being replaced by more sustainable approaches like cold pressing and supercritical CO2 extraction, which enhance oil purity while preserving essential nutrients. These advanced techniques not only yield a higher-quality product but also cater to the rising demand for unrefined and organic oils in the cosmetics and pharmaceutical industries. Additionally, microencapsulation technology is being utilized to improve the stability and shelf life of apricot oil in cosmetic and nutraceutical formulations. The implementation of high-performance liquid chromatography (HPLC) and gas chromatography-mass spectrometry (GC-MS) has further enhanced quality control measures, ensuring product consistency and authenticity in premium markets. Moreover, manufacturers are integrating AI-driven predictive analytics into their supply chains, optimizing the sourcing and processing of apricot kernels for maximum efficiency and minimal waste. As sustainability becomes a focal point, innovations in water-efficient extraction processes and biodegradable byproduct management are further refining apricot oil production, making it more appealing to environmentally conscious brands and consumers.

What Market Trends Are Fueling the Expansion of Apricot Oil Applications?

The expanding consumer demand for multifunctional and natural ingredients is driving the growth of apricot oil across various industries, including personal care, pharmaceuticals, and functional foods. The clean beauty movement, which emphasizes transparency and ingredient purity, has played a pivotal role in the widespread adoption of apricot oil in skincare, haircare, and aromatherapy products. The rise of holistic wellness and Ayurveda-based skincare has also contributed to the growing appeal of apricot oil, as brands incorporate it into herbal remedies and massage therapy formulations. In the pharmaceutical sector, apricot oil is being increasingly used in topical formulations for wound healing, eczema relief, and anti-inflammatory treatments. The nutraceutical industry is also witnessing a surge in apricot oil usage in dietary supplements, driven by consumer interest in plant-based omega fatty acids and vitamin-rich edible oils. Additionally, the growing demand for functional foods has led to apricot oil’s inclusion in gourmet health-conscious cooking oils and organic food formulations. Meanwhile, e-commerce and direct-to-consumer (DTC) platforms have played a crucial role in increasing accessibility to high-quality apricot oil, allowing niche and luxury brands to reach a global audience. As personalization trends continue to influence consumer behavior, customized skincare and wellness products incorporating apricot oil are gaining traction, further shaping market dynamics.

What Are the Key Growth Drivers Fueling the Apricot Oil Market Expansion?

The growth in the apricot oil market is driven by several factors, including advancements in extraction technology, the rising demand for clean-label beauty and wellness products, and the increasing penetration of sustainable and organic formulations. The expansion of AI-powered supply chain management and precision agriculture techniques has optimized apricot kernel harvesting and oil extraction, ensuring consistency in production. Additionally, the rise of consumer awareness regarding ethical sourcing and sustainable farming practices has prompted companies to invest in organic certification and fair-trade apricot oil production. The proliferation of e-commerce and digital marketing has accelerated product accessibility, driving demand from niche consumers seeking premium, cold-pressed botanical oils. The integration of apricot oil in hybrid skincare and multi-functional wellness products is also expanding its market scope, catering to the growing preference for all-in-one solutions. Furthermore, regulatory approvals supporting the use of plant-based oils in pharmaceuticals and functional foods are opening new market opportunities, encouraging innovation in nutraceuticals and medicinal skincare. As consumer interest in plant-derived alternatives continues to rise, the apricot oil market is poised for sustained expansion, driven by technology, evolving industry standards, and increasing global demand for high-quality natural ingredients.

SCOPE OF STUDY:

The report analyzes the Apricot Oil market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Distribution Channel (Online Distribution Channel, Offline Distribution Channel); Application (Food & Beverage Application, Pharmaceutical Application, Cosmetics Application, Healthcare Application, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 32 Featured) -

• AOS Products Pvt. Ltd.
• Aromaaz International
• AromaLand Inc.
• Avi Naturals
• Berjé Inc.
• Botanic Universe
• Bulk Apothecary
• Fillmore Container, Inc.
• Health & Beauty Natural Oils Co., Inc.
• Jedwards International, Inc.
• Kazima Perfumers
• Moksha Lifestyle Products
• New Directions Aromatics Inc.
• O&3
• PURA D`OR
• Sivaroma Naturals Pvt. Ltd.
• The Midwest Sea Salt Company Inc.
• VedaOils
• Welch Holme & Clark Co. Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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