Latin America Apricot Oil Market Size & Outlook, 2023-2030
The apricot oil market in Latin America is expected to reach a projected revenue of US$ 347,898.3 million by 2030. A compound annual growth rate of 5.2% is expected of Latin America apricot oil market from 2024 to 2030.
Revenue, 2023 (US$M)
$244,659.7
Forecast, 2030 (US$M)
$347,898.3
CAGR, 2024 - 2030
5.2%
Report Coverage
Latin America
Latin America apricot oil market, 2018-2030 (US$M)
Latin America apricot oil market highlights
- The Latin America apricot oil market generated a revenue of USD 244,659.7 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, food & beverage was the largest revenue generating application in 2023.
- Food & Beverage is the most lucrative application segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 244,659.7 million |
| Market revenue in 2030 | USD 347,898.3 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Food & beverage |
| Fastest growing segment | Food & Beverage |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food & Beverage |
Other key industry trends
- In terms of revenue, Latin America region accounted for 12.7% of the global apricot oil market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 917,316.8 million by 2030.
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Apricot Oil Market Scope
Apricot oil market segmentation & scope
Distribution Channel
Online
Offline
Countries
U.S.
Canada
UK
Germany
France
Italy
Spain
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
Apricot Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America apricot oil market
Related regional statistics
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