The Fresh Figs Market is expected to strengthen its boundaries at an average CAGR of 5.0% during the forecast period. The market is anticipated to hold a revenue of USD 1.45 billion in 2023 while it is anticipated to cross a value of USD 2.38 billion by 2033.
The research report on the fresh figs market explains that the people demanding food items with high calcium and potassium are fuelling the demand for fresh figs. Furthermore, rich in oxidants nature, effective diet quality coupled with aid weight management is fuelling the demand for fresh figs. Apart from the health benefits, the medicinal application of figs includes their positive impact on relieving constipation. Fresh fig leaves are helpful in diabetes, and high cholesterol.
The skin conditions like eczema, psoriasis and vitiligo are cured by black mission figs. The anti-cancer properties that kill cancer cells, and antibacterial properties are helping people as a support to their treatment. Men with issues like erectile dysfunction, endurance, and sterility are consuming a big chunk of the fresh figs market. New appetizers in the form of fresh figs and cheese and black mission figs are being liked by consumers.
The fresh figs market outlook states that the figs nutrition has helped people with several health conditions. Therefore, the overall increased demand for organic and fresh fruits is flourishing the sales of fresh figs. Both, fresh figs and fig-based processed products are used by manufacturers for incorporation into various food products and beverages. Recently, the increasing availability of organic fresh figs has also been boosting their demand in developed countries.
New Changes in the Markets Include:
| Attributes | Details |
|---|---|
| Fresh Figs Market CAGR (2023 to 2033) | 5.0% |
| Fresh Figs Market Size (2023) | USD 1.45 billion |
| Fresh Figs Market Size (2033) | USD 2.38 billion |
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Short-term Growth (2023 to 2026): During this period, the growth rates of the global market are explained by FMI. Certain demographic and innovative elements of the market are dominant because of the subjective effects of macro- and industry-level variables. The market is expected to hold USD 1.45 billion in 2023 while it is anticipated to reach USD 1.68 billion by 2026
Mid-term Growth (2026 to 2029): Food service providers and the food processing sector use fresh figs primarily. The demand for fresh figs has increased in this area because of their use in a range of dairy products, salads, and desserts. From USD 1.68 in 2026, the market is expected to land at a value of USD 2.0 billion in 2029.
Long-term Growth (2029 to 2033): People who are concerned about their health are searching for inexpensive, nutrient-dense substitutes and found their way to fresh fruits and vegetables including figs, and as a result, their use as a natural sweetener in the production of foods has increased dramatically. These factors are attributing to market growth. Thus, the fresh figs market is anticipated to thrive at a steady CAGR of 5.0% between 2023 and 2033.
Demand for Health-based Food and Functional Food Products with Fresh Fig Ingredients has Increased
Nowadays, with changing lifestyles the prevalence of serious diseases has increased tremendously. This has led to the increased adoption of healthy diets and increased consumption of functional food with the recommended dietary allowance (RDA). The health benefits of consuming fresh figs have led to their increased inclusion in various food and beverages, in common households as well as in processing industries.
The demand for fresh figs from households is also increasing, as people are becoming aware of their associated health benefits. Also, surging health concerns have led to consumers opting for external supplements to obtain the required nutrients. This has increased the demand for functional and health-based food products such as protein bars, protein shakes, etc., which, in turn, has increased the demand for fresh figs from these industries.
Fluctuations in Weather Conditions Negatively Impact Fresh Figs Production, thus Increasing the Demand and Supply Gap
The climate is fluctuating across the globe, which has a paramount impact on agricultural output. The regional climate in Mediterranean countries is also fluctuating to a great extent. As fresh figs grow only once a year in a particular season, any adverse climatic conditions could negatively affect the cultivation of this fruit, and can also affect its quality. Also, fresh figs are prone to diseases, and thus, the effect of climate on the production of fresh figs is a key factor that affects supply.
Turkey, situated in the Mediterranean region, is one of the leading fig-producing countries in the world. Varying climatic conditions in this region are highly restraining production output and producing uncertainty in the fresh figs as well as the dried figs market. The production value of fresh figs in Turkey has been impacted by the fluctuating climate in the country, leading to a significant decline in the production of fresh figs.
However, many other regions have started growing fig trees, and this factor might help in reducing the overall demand-supply gap.
Principal Consultant
| Region | CAGR (2023 to 2033) |
|---|---|
| China | 4.1% |
| India | 27.5% |
| United Kingdom | 3.3% |
Organically Produced Fresh Figs Remain an Indeed Sought-after in the United States
| United States Market Value Share (2022) | 17% |
|---|
As per FMI’s analysis, the United States Fresh Figs market held a market value share of 17% in 2022. The growth is attributed to the higher demand for organic fruits along with the expansion of grocery delivery platforms. Also, organic fresh figs have a higher value in the global market as compared to conventional fresh figs.
But the producers of organic dried figs are more than those who produce organic fresh figs. This is the reason that fresh figs have a shorter shelf life, and there is a need to use preservative techniques for increasing the shelf life of fresh figs. This eliminates the organic property of the figs.
Organic fresh figs are also witnessing high demand due to the social media trends around organic products.
Increase in Chronic Patients dealing with Cancer and Heart Diseases is fuelling the Regional Growth
| India Market CAGR (2023 to 2033) | 27.5% |
|---|
Demand in India for the figs market is expected to rise at a CAGR of 27.5% over the forecast period. The rapid growth is attributed to the rise in diabetic and heart patients in the country.
Citizens looking for alternative medicine and practices like fruit-based medicines and yoga are contributing to the market. Furthermore, the expanding online grocery delivery businesses with faster deliveries and options like organic and farm-to-home fruits and vegetables fuel market growth.
| United Kingdom Market CAGR (2023 to 2033) | 3.3% |
|---|
The United Kingdom’s market thrives on a CAGR of 3.3% between 2023 and 2033. Fresh figs are mainly being used in food processing industries and by food service operators. The use of fresh figs in a variety of bakery products, dairy products, salads, and desserts has boosted their demand in this region.
As many European countries have a well-developed and uniform food service industry that caters to the demand of various consumers, Europe is likely to create lucrative opportunities for fresh fig market players in the upcoming years.
Fresh figs vendors are focusing on the organic content along with the integration of advanced agriculture. Furthermore, the companies are also producing application-specific figs that are focused on different food products such as pastries, cakes, and bread.
Market Developments
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| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.0% from 2023 to 2033 |
| Base Year of Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD billion and Volume in Units and F-CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and, Pricing Analysis |
| Key Segments Covered | By Nature, By Variety, By Sales Channel, By Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; The Middle East & Africa; Oceania |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | Hadley Fruit Orchards, Inc.; Roland Foods LLC; Meurens Natural S.A.; FruitLips; Jiaherb, Inc.; Athos Agricola S.A.; Earl's Organic Produce; Alara Agri; Isik Tarim A.S.; Valley Fig Growers, Inc.; Kirlioglu Figs; Yabanfood; National Raisin Company; Torres Tropical Fresh B.V |
| Customization & Pricing | Available upon Request |
The market is valued at USD 1.4 billion in 2023.
FruitLips, Jiaherb, Inc., and Athos Agricola S.A. are key market players.
The market is forecast to register a CAGR of 5.0% through 2033.
Rise in medicinal and healthcare usage to boost the growth.
China will expand at a CAGR of 4.1% through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nature 5.1. Organic 5.2. Conventional 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 6.1. Smyrna Figs 6.2. Black Figs 6.3. Sari Lop Figs 6.4. Mission Figs 6.5. Kadota Figs 6.6. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 7.1. Supermarket and Hypermarkets 7.2. Specialty Stores 7.3. Online Retail 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Hadley Fruit Orchards, Inc. 16.2. Roland Foods LLC 16.3. Meurens Natural S.A. 16.4. FruitLips 16.5. Jiaherb, Inc. 16.6. Athos Agricola S.A. 16.7. Earl's Organic Produce 16.8. Alara Agri 16.9. Isik Tarim A.S. 16.10. Valley Fig Growers, Inc. 16.11. Kirlioglu Figs 16.12. Yabanfood 16.13. National Raisin Company 16.14. Torres Tropical Fresh B.V. 17. Assumptions & Acronyms Used 18. Research Methodology
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Fresh Figs Market
