An Incisive, In-depth Analysis on the Fresh Figs Market
This study offers a comprehensive, 360 degree analysis on the Fresh Figs market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Fresh Figs market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The global fresh figs market revenue has been estimated to grow at a CAGR of 5.3% between 2018 and 2027. The increasing growth of the fresh figs market is attributed to the increasing applications of fresh figs in health-based foods and functional food products due to their nutritional composition. Both, fresh figs and the 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.
Top 4 Factors Shaping the Fresh Figs Market
Demand for Health-Based Food and Functional Food Products with Fresh Fig Ingredients has Increased
Nowadays, lifestyles are becoming tenser and 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, increasing 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 fresh figs from these industries.
Fluctuations in Weather Conditions Negatively Impact the Fresh Figs Production, thus Increasing the Demand-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 major 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 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, there are many other regions that have started growing fig trees, and this factor might help in reducing the overall demand-supply gap.
Organically Produced Fresh Figs Remain Most Sought-after; European and North American Markets Prove Lucrative
Organic food products are showing tremendous growth in the global market. The same growth pattern is being observed for fresh figs. The demand for organic fresh figs in North America and Europe is very high, and thus, the farmers of fresh figs in various countries, including Turkey, the U.S., and Greece, are growing figs organically, tapping into the current market trend for organic products.
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 due to the reason that fresh figs have a shorter shelf life, and there is the 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 witness high demand in the Middle East, especially in the United Arab Emirates, as the people in this region have become well aware of organic products.
Increasing Number of Foodservice Operators Bolster Fresh Fig Sales in the EU
Almost 65% of the variety of Black Figs and 50% of the dried figs from Turkey are exported to Europe. Out of all the fresh figs imported as well as produced in Europe, a major share is used by foodservice operators.
Fresh figs are mainly being used in food processing industries and by foodservice operators. The use of fresh figs in a variety of bakery products, dairy products, and in salads and desserts has boosted their demand in this region. As many European countries have a well-developed and uniform foodservice industry that caters to the demand various consumers, Europe is likely to create lucrative opportunities for fresh figs market players in the upcoming years.
Greece, Italy, and France remain the leading European countries to contribute to the increasing consumption of fresh figs and dried figs in the European region, and most of the fresh figs are imported in these countries from Turkey.
FMI has compiled a study on fresh figs in its publication titled 'Fresh Figs Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2027'. This report on the fresh figs market covers some of the vital facets that are key influencing factors on the demand and supply of fresh figs over the next several years.
An in-depth review of the growth drivers, potential challenges, unique trends, and opportunities in the fresh figs market to fully comprehend the overall landscape of the fresh figs market has been provided. The report on the fresh figs market also covers the analysis of key regions and countries of particular interest that are anticipated to become frontrunners or remain laggards over the forecast period.
Fresh Figs Market: Introduction
Fresh figs are the fruits of the fig tree that bears fruits once a year. Figs have originated from the Mediterranean region, but are now grown all over the world. But the value of fresh figs in all parts of the world is not the same.
The value of fresh figs that are grown in the Mediterranean region is higher than all the other figs in the world. Also, the quantity of fresh figs from the Mediterranean region is the highest in the world. Growers in this region have increased the production of organic fresh figs to cater to the demand from North American and European countries.
Out of the total land used for the production of fresh figs in Turkey, 20% of the land is being used for the production of organic fresh figs. Fresh figs are available in many varieties in different regions around the world. The varieties of Sari Lop, Smyrna, and Black Fig are the major varieties that are manufactured in Turkey and other countries in the Middle East, and these varieties are also produced in other regions such as California and Spain, but have a different name.
Mission Figs grown in California were obtained from Spain, and have been very popular. But they have been replaced by the Sari Lop variety in the North American region. Direct and indirect sales channels are used for the distribution of fresh figs, depending upon the type of consumer. Fresh figs are mainly used in the food processing industry.
Fresh Figs Market: Report Description
This report on the fresh figs market has been broken down into different chapters to enhance clarity and provide context. A brief executive summary at the beginning of the report consists of some of the key findings of the study on the fresh figs market, as well as market estimates and growth rates for important segments. The following chapter presents the definitions and scope of the study, as well as the coverage in terms of the way the fresh figs market is structured.
Subsequently, the chapter on market background presents the evolution of fresh figs, relevant economic indicators such as GDP and per capita consumption, including an assessment of the supply chain, policy developments and regulatory scenario, dynamics impacting the fresh figs market, as well as an explanation of the factors considered important to develop forecasts and estimates.
The report on the fresh figs market also includes a chapter on pricing analysis, highlighting price point variations between different regions and products, including pricing forecasts. The following chapters dive deep into the global fresh figs market, covering detailed information based on nature, variety, and sales channel.
The next set of chapters provide region-wise analysis and forecasts of the fresh figs market, covering vital aspects of the market in North America, Latin America, Europe, East Asia, the Rest of Asia Pacific, and the Middle East & Africa.
Fresh Figs Market: Competitive Analysis
A dashboard view of some of the key companies operating in the fresh figs market in terms of their offerings, regional presence, and other metrics is a precursor to detailed profiles of these participants, including financial information, strategy overview, SWOT analysis, and market share, as well as analyst commentary.
Some of the key players analyzed in the fresh figs market report include Hadley Fruit Orchards Inc., Roland Foods LLC, Meurens Naturals S.A., FruitLips, Jiaherb Inc., Athos Agricola S.A., Earl’s Organic Produce, Alara Agri, I?IK TARIM A.?., Valley Fig Growers Inc., Kirlioglu Figs, Yabanfood, National Raisin Company, Torres tropical fresh B.V., and Olympiana Figs.
Fresh Figs Market: Regional Analysis
To develop the market estimates for fresh figs, the overall production of fresh figs in different regions and countries is taken into account. The imports and exports of fresh figs by all the countries in the world are tracked. Also, various varieties of fresh figs produced in a specific region are also taken into account, and the consumption of those varieties in different regions is considered. The prices of fresh figs have been obtained from manufacturers, distributors, and wholesalers for bulk quantities at a country level.
Fresh Figs Market: Research Methodology
Our team of analysts reviews and interprets data from a variety of sources for the fresh figs market. Data attributed to 'FMI' is derived by using a combination of various approaches, which are then consolidated, interpreted, and extrapolated by FMI analysts. Data is sourced from government statistics, trade associations, company annual reports and investor presentations, press articles and directories, technical publications, and online databases, which are then cross-referenced with
FMI’s reports and internal repository of data to filter and validate the collected information. Intelligence gathered from desk research is supplemented by extensive interviews with selected key expert participants across the value chain in the fresh figs market. This is to obtain their perspective and insights of the issues impacting the fresh figs market.
Fresh Figs Market: Segmentation
Analysis by Nature
Analysis by Variety
Sari Lop Figs
Analysis by Sales Channel
Analysis by Region
Rest of Asia Pacific
Middle East and Africa