Middle East & Africa Apricot Oil Market Size & Outlook
The apricot oil market in Middle East & Africa is expected to reach a projected revenue of US$ 178,247.8 million by 2030. A compound annual growth rate of 2.6% is expected of Middle East & Africa apricot oil market from 2024 to 2030.
Revenue, 2023 (US$M)
$148,867.3
Forecast, 2030 (US$M)
$178,247.8
CAGR, 2024 - 2030
2.6%
Report Coverage
Middle East & Africa
Middle East & Africa apricot oil market, 2018-2030 (US$M)
MEA apricot oil market highlights
- The MEA apricot oil market generated a revenue of USD 148,867.3 million in 2023.
- The market is expected to grow at a CAGR of 2.6% 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.
MEA data book summary
| Market revenue in 2023 | USD 148,867.3 million |
| Market revenue in 2030 | USD 178,247.8 million |
| Growth rate | 2.6% (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, MEA region accounted for 7.7% 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 |
|---|
Middle East & Africa apricot oil market
Related regional statistics
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