Dried Figs Market Size (2024 - 2029)

Dried Figs Market Analysis

The Dried Figs Market size is expected to grow from USD 599.07 million in 2023 to USD 780 million by 2028, at a CAGR of 5.42% during the forecast period (2023-2028).

• Middle Eastern countries such as Turkey, Iran, and Afghanistan are among the top producers of dried figs. Turkey is the largest producer, accounting for about 70% of the world's dried fig production, followed by Iran, which accounts for around 15% of global production. The climate in these countries is well-suited for cultivating figs, and they have a long history of growing and exporting this fruit.
• Nearly 15-20% of the world's dry fig production is consumed by the producer countries, and the remaining portion of the domestic consumption of the producer countries is exported. Figs are produced in a limited number of countries worldwide due to their specific growing requirements. They thrive in warm, dry climates and require a specific type of wasp for pollination.
• Axcording to FAO, Turkey is the major producing country of figs, followed by Egypt, Iran, Morocco, Algeria, Iran, Syria, the USA, and Spain. In 2021, Turkey ranked first with approximately 300,000 tons of production and about 30% of World Wet fig production. The world's annual fig production was about 1,121,000 tons in 2021; dried fig production accounted for one-quarter of the fig production, with around 105.000 tons.
• According to the National Agricultural Statistics Service, the United States is both an importer and exporter of figs. While the country produces figs, over 80% of the figs produced in the United States go into processing industries due to the demand for dried figs. This is because dried figs have a longer shelf life and can be used in a variety of products, including baked goods, snacks, and breakfast cereals. As a result, the rising inclusion of figs in the processed industry will likely accelerate the demand for figs over the forecast period.

Dried Figs Industry Segmentation

Dried figs are the dehydrated form of the fig fruit of Ficus carica, a species of small tree in the flowering plant family Moraceae, native to the Mediterranean region, together with western and southern Asia. For the purpose of the study, only dry figs have been considered for analyzing the trends across various global demographics.

The dried figs market offers an analysis of production (volume), consumption (value and volume), import (value and volume), export (value and volume), and price trend. The market is segmented by geography (North America, Europe, Asia-Pacific, and the Middle East).

The market sizing has been done in value terms in USD for all the abovementioned segments.