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Fresh Figs Market Overview
Fresh Figs Market reached a market value of $2,950 million in 2020 and registered a CAGR of 6.1% during the forecast period of 2021-2026. Fresh Figs is a kind of fruit that is produced mostly during summer and are usually a part of the Moraceae family which is eaten raw. Figs contain potassium, magnesium, calcium, and vitamin B6 and are also high in fiber. Figs are available in different varieties of color such as black, white, or red. Fresh figs help to make the salads or desserts as low-calorie snacks and also help to preserve the snacks for a longer period of time. Fresh figs contain vitamin B-6 that helps to produce neurotransmitters that regulate mood and make brain cells activated to communicate. Fresh figs can be grown as an ornamental plant and are pollinated by the blastophaga psenes which is a female fig wasp. Recently, advances in packaging help to store and display figs easily which tends to expanding the demand for fresh figs in grocery stores that helps in increasing the profit margins in retailers. Figs are popular in restaurants as a variety of dishes are made with the help of fresh figs. Rising cases of serious diseases increase the number of health-conscious people accelerating the consumption of fresh figs. Moreover, increasing demand of consumers towards exotic food flavors and taste accelerating the innovation in various products among manufacturers which helps in adopting fresh figs in various products which is the major factor driving the growth of Fresh Figs Market. Furthermore, growth in the food and beverage industry becomes doubled and growing investment by the manufacturers to provide innovative products increases the demand for fresh figs and thus further enhances the overall market demand for Fresh Figs Market for the period 2021-2026.
Report Coverage
The report: “Fresh Figs Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Fresh Figs Market.
By Type: Organic, and Conventional.
By Variety: Black Figs, Symrna Figs, Mission Figs, Kadota Figs, and Others.
By Application: Bakery & Confectionery, Savoury Snack, Dairy, Beverage, and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa).
Key Takeaways
- In 2020, North America dominated the Fresh Figs Market owing to the demand for healthy snacks among health consciousness people climbing the adoption of fresh figs. Moreover, surging cases of serious diseases owing to consumption of unhealthy foods forced manufacturers to adopt fresh figs in various food products that help in enhancing the market growth of fresh figs.
- Soaring cases of serious diseases increase the number of health-conscious people accelerating the consumption of fresh figs and increasing demand of consumers towards exotic food flavors and taste accelerating the innovation in various products among manufacturers which helps in adopting fresh figs in various products
- The prominent manufacturers operating in the market will be provided a detailed analysis of Strength, Weakness, and Opportunities in the Fresh Figs Market report.
- Variation in weather conditions reduces the production of fresh figs which is set to create hurdles for the Fresh Figs Market.
Fresh Figs Market Segment Analysis – By Type
The Fresh Figs Market based on Type can be further distributed into Organic, and Conventional. The Organic segment is the major segment generating revenue in 2020. This is mainly owing to the adoption of health consciousness among users growing the consumption of healthy product that accelerate the use of fresh figs in a variety of food. Recently, manufacturers are using fresh figs owing to their low-calorie properties which accelerate the sales of fresh figs among consumers. The Conventional segment is estimated to register the fastest CAGR of 6.5% for the period 2021-2026. This is mainly owing to the fact that fresh figs are used in various applications such as bakery, snacks, etc. and thus the use of conventional fresh figs among manufacturers increases owing to its low cost and further propelling the growth of Fresh Figs Market.
Fresh Figs Market Segment Analysis – By Application
The Fresh Figs Market based on Application can be further segmented into Bakery & Confectionery, Savoury Snack, Dairy, Beverage, and Others. The Bakery & Confectionery segment registers for the highest Fresh Figs Market share in 2020. This is mainly owing to the fact that the consumption of bakery and confectionery products increased by 6.9% as a variety of flavors are available that attract consumers to consume the products. Recently, various types of cakes are produced among manufacturers so, the use of fresh figs accelerating owing to their sweet taste. The Savoury Snack segment is forecasted to register the fastest CAGR of 6.7% over 2021-2026. The consumption of snack foods increased by 26% in 2020 owing to changing lifestyles and eating habits. Recently, manufacturers are also focusing on providing a variety of flavors of snacks which increases the sales of fresh figs snacks and thus propelling the growth of the Fresh Figs Market.
Fresh Figs Market Segment Analysis – By Geography
North America dominated the Fresh Figs Market with a major share of 40% in 2020. This is owing to the demand for healthy snacks among health consciousness people increases the adoption of fresh figs. Moreover, the cases of serious diseases accelerating owing to consumption of unhealthy foods forced manufacturers to adopt fresh figs in various food products that help in enhancing the market growth of fresh figs. In 2018, about 31,200 fresh figs are produced in the U.S. which expanding the use of fresh figs in a variety of applications and further enhancing the sales of fresh figs among consumers.
However, Asia Pacific is projected to be the growing market during the forecast period 2021-2026 owing to the hectic lifestyle among users which is hiking the consumption of ready-to-eat products. In Asian countries, such as China, India, Japan, the demand for a new variety of tastes increase that forced manufacturers to adopt fresh figs for innovating various food products which further growing the adoption of the Fresh Figs Market.
Fresh Figs Market Drivers
Rising cases of serious diseases increase the number of health-conscious people that further accelerating the consumption of fresh figs
Rising cases of serious diseases increase the number of health-conscious people that further accelerating the consumption of fresh figs. In 2020, the sales of fresh figs increases by 52% year on year owing to its various health benefits. So, the use of fresh figs in a variety of applications such as bakery, snacks, beverages, and many more propelling. Moreover, awareness among people towards their health climbing that further increases the need for fresh figs which in turn propelling the growth of the Fresh Figs Market over the period 2021-2026.
Increasing demand of consumers towards exotic food flavors and taste accelerating the innovation in various products among manufacturers which helps in adopting fresh figs in various products
Increasing demand of consumers towards exotic food flavors and taste-enhancing the innovation in various products among manufacturers helps in adopting fresh figs in various products. Recently, manufacturers are focusing on developing a variety of products with the help of fresh figs which increases the sales by 15% in 2020 and thus boosting the growth of the Fresh Figs Market over the period 2021-2026.
Covid-19 Impact:
COVID-19 pandemic had greatly impacted the growth of the Fresh Figs Market. During pandemics, there were lockdowns that tends to shut many supermarkets and grocery stores which reduces the adoption of snacks and bakery products. Moreover, the disruption in the supply chain increases, which negatively impacts the growth of the Fresh Figs Market.
Fresh Figs Market Challenges
Rising variation in weather conditions reduces the production of fresh figs
The factors that are set to impede the growth of the Fresh Figs Market are the variation in weather conditions that reduces the production of fresh figs that further reduced the use of fresh figs in the food and beverage industry. Moreover, the consumption of fruits decreased by 15% owing to changing weather condition that tends to decrease the consumption of fresh figs. This factor reduces the innovation among manufacturers which is set to challenging the market of Fresh Figs.
Fresh Figs Market Landscape
Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Fresh Figs Market. Fresh Figs key 10 companies are
- Valley Fig Grovers
- Athos Agricola
- Alara Agri
- Kirlioglu Figs
- The Figgery
- Hadley Fruit Orchards Inc
- Roland Foods LLC
- Fruit Lips
- Meurens Naturals S.A
- Jiaherb Inc.
Development
In 2020, Figgery launched Fig Wine Vinegar that is made from 100% fresh figs. This innovation increases the sales among consumers owing to its various health benefits that growing the demand for fresh figs.
Relevant Reports:
Report Code: FBR 0096
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1. Fresh Figs Market Overview
1.1 Definitions and Scope
2. Fresh Figs Market Executive Summary
2.1 Market Size and Key Trends
2.2 Key trends by Type
2.3 Key trends by Variety
2.4 Key trends by Application
2.5 Key trends by Geography
3. Fresh Figs Market Landscape
3.1 Market Share Analysis- Key Companies
3.2 Product Benchmarking- Key Companies
3.3 Financial Analysis - Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Fresh Figs Market- Startup companies Scenario Premium Premium
4.1 Key startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Application Analysis
4.1.4 Venture Capital and Funding Scenario
5. Fresh Figs Market- Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of successful ventures
6. Fresh Figs Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat of Substitutes
7. Fresh Figs Market Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Fresh Figs Market– By Type (Market Size -$Million/$Billion)
8.1 Organic
8.2 Conventional
9. Fresh Figs Market– By Variety (Market Size -$Million/$Billion)
9.1 Black Figs
9.2 Symrna Figs
9.3 Mission Figs
9.4 Kadota Figs
9.5 Others
10. Fresh Figs Market– By Application (Market Size -$Million/$Billion)
10.1 Bakery & Confectionery
10.2 Savoury Snack
10.3 Dairy
10.4 Beverage
10.5 Others
11. Fresh Figs Market- By Geography (Market Size -$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 Italy
11.2.4 France
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 Australia
11.3.3 Japan
11.3.4 South KoreaText Box: 06
11.3.5 India
11.3.6 Rest of Asia-Pacific
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Others
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Fresh Figs Market Entropy
13. Fresh Figs Market- Industry / Segment Competition landscape Premium Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Key companies
13.1.2 Market Share by Region- Key companies
13.1.3 Market Share at Global Level- Key companies
13.1.4 Competition Matrix
13.1.5 Best Practices for Companies
14. Fresh Figs Market- Key Company List by Country Premium Premium
15. Fresh Figs Market Company Analysis
15.1 Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
LIST OF FIGURES
1.US Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)2.Canada Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
3.Mexico Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
4.Brazil Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
5.Argentina Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
6.Peru Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
7.Colombia Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
8.Chile Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
9.Rest of South America Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
10.UK Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
11.Germany Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
12.France Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
13.Italy Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
14.Spain Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
15.Rest of Europe Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
16.China Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
17.India Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
18.Japan Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
19.South Korea Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
20.South Africa Fresh Figs Profitability Analysis Market Revenue, 2019-2024 ($M)
21.North America Fresh Figs Profitability Analysis By Application
22.South America Fresh Figs Profitability Analysis By Application
23.Europe Fresh Figs Profitability Analysis By Application
24.APAC Fresh Figs Profitability Analysis By Application
25.MENA Fresh Figs Profitability Analysis By Application
26.Competition Landscape, Sales /Revenue, 2015-2018 ($Mn/$Bn)