Dried Figs Market to Grow with a CAGR of 4.82% Globally through to 2028
Rise in the demand for dried figs from various end
user industries, increasing health awareness are factors driving the global
dried figs market in the forecast period 2024-2028.
According to TechSci Research report, “Global Dried
Figs Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Dried Figs Market stood at USD 595.6 million
in 2022 and is anticipated to grow with a CAGR of 4.82% in the forecast period,
2024-2028. The dried figs market is undergoing a transformation shaped by
various factors, including changing consumer preferences, sustainability
concerns, and technological innovations.
Consumers are increasingly opting for
organic products, driven by concerns about pesticides, environmental
sustainability, and health benefits. Organic dried figs, produced through
natural farming practices, are gaining popularity in response to this trend. The
market is witnessing a surge in creative product development, with fig-based
energy bars, snack mixes, and bakery products becoming popular choices. The
versatility of dried figs as an ingredient allows for endless culinary
experimentation.
Consumers are looking for functional foods with
specific health benefits. Dried figs, rich in dietary fiber, antioxidants, and
essential nutrients, are being marketed for digestive wellness, heart health,
and bone health. Sustainability is a growing focus, leading to the adoption of
recyclable, biodegradable, and compostable packaging materials. Innovations
that extend the shelf life of dried figs without artificial preservatives are
also emerging. Dried figs are finding their way into diverse culinary
traditions as chefs and home cooks experiment with figs in fusion recipes.
Their adaptability to sweet and savoury dishes makes them a versatile
ingredient.
The growth of e-commerce and
direct-to-consumer channels is transforming the market, allowing consumers to
purchase dried figs directly from producers and retailers. Online platforms
provide convenience and access to global options. Dried figs are being
incorporated into craft cocktails, syrups, and garnishes, offering a unique and
sophisticated flavor profile. In the culinary world, figs are paired with
various ingredients for sweet and savoury applications. Blockchain technology
is being adopted to provide consumers with transparency about the origin and
journey of dried figs. This enhances trust and enables producers to manage
their supply chains more effectively. While the common fig variety remains
popular, diversification of fig varieties is occurring, offering different
flavor profiles and textures to consumers.
Browse over 26 market data Figures
spread through 184 Pages and an in-depth TOC on "Dried Figs Market”
The rapidly expanding hospitality
industry around the world, combined with rising consumer demand for dried figs
for breakfast and snacks, will drive the global dried figs market forward over
the forecast period. Furthermore, high food innovation to retain food nutrients
and natural flavour is one of the major drivers fuelling the growth of the
global dried figs market during the forecast period.
The Global Dried Figs Market is segmented into type,
application, distribution channel, regional distribution, and company.
Based on type, The processed products segment is
expected to be the leading segment in the global dried figs market during the
forecast period. This is due to the increasing demand for processed dried figs
from various end user industries such as bakery and confectionery, and dairy
products. Processed dried figs are often sweeter, softer, and more convenient
to use than natural dried figs.
The bakery products segment is expected
to be the leading segment in the global dried figs market during the forecast
period. This is due to the increasing consumption of bakery products such as
cakes, cookies, and pastries that contain dried figs. Dried figs add sweetness,
flavor, and texture to bakery products.
Based on region, the North American market is
anticipated to hold the biggest revenue share due to increased use in the food
industry and rising acceptance of healthy living among residents of the area.
During the projection period of, the market in Europe is anticipated to account
for the second-highest revenue share, as a result of the region's expanding
demand for dried figs in dairy and baked goods.
Major companies operating in Global Dried Figs Market
are:
- Natura AS
- Izmir Organic
- Aurora Natural
- Burkaz
- güzelcan foods.
- Sea Spread Limited
- Valley Fig Growers
- Nutra Fig
- Turkish Dried Figs
- San Joaquin Figs- Inc
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“The
dried figs market is experiencing notable shifts driven by consumer preferences
and sustainability concerns. Organic dried figs are on the rise, catering to
health-conscious consumers seeking clean-label options. Innovative products
like fig-based energy bars and fusion cuisine incorporating figs are gaining
popularity. Sustainable packaging solutions and blockchain technology for
transparency are emerging trends. However, challenges such as climate change
impacts on production, price volatility, and complex supply chains require
attention. As the market diversifies, adapting to changing consumer demands and
addressing challenges will be crucial for sustained growth in the dried figs
industry.,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Dried Figs Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast, Segmented By Type (Processed products, Natural products), By
Application (Bakery Products, Confectionaries, Dairy Products, Others), By
Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty
Stores, Online, Others), By Region, By Competition, 2018-2028”, has evaluated the future growth
potential of Global Dried Figs Market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in
Global Dried Figs Market.
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