DUBLIN--(BUSINESS WIRE )--The "Dried Figs Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.
The dried figs market is projected to register a CAGR of 4.2% during the forecast period (2022-2027).
Rising Per Capita Consumption from High-income Economies
The global per capita consumption of dried figs modestly increased from 0.017 kg per year in 2016 to 0.019 per year by 2019. Although, a relatively higher per capita consumption has been observed in the high-income economies.
For instance, as per the facts revealed by the International Nut & Dry Fruit Council, dried figs account for 6% of the overall dried fruit consumption in high-income economies, whereas they account for merely 3% of the overall dried fruit consumption across the middle-income economies.
For instance, in 2016-18, the per capita consumption of dried figs settled at 0.203, 0.158, 0.196, 0.118, 0.399, and 0.277 kg per year in Iran, Germany, France, Canada, Switzerland, and Greece, respectively. This clearly unveils the potential opportunity for the high-income economies over the middle-income economies.
Iran is Expected to Dominate the Dried Figs Market
Iran is one of the largest consumers of dried figs, attributing nearly 17,352 metric ton of consumption during 2018-19. Moreover, as per the information revealed by the International Nuts & Dry Fruit Council, the per capita consumption of dried figs toggled during 2016-18. For instance, the per capita consumption of dried figs was registered at 0.248 kg per year in 2016-17, and it had significantly fallen by 18.1% to 0.203 kg per year by 2017-18.
Despite being a major consumer, the country is one of the largest producers of figs in the world. For instance, as per the statistics released by the Tropical and Subtropical Fruits Department of Agriculture Ministry, Iran produced nearly 80,000 metric ton of figs in 2018. Thus, the country's status as a mere producer, paralleled with the ongoing trade crisis pertaining to the COVID-19 outbreak, is likely to be treated as a potential opportunity to serve the domestic markets. This could potentially enhance the per capita consumption of dried figs over the coming years.
5.1 Geography (Production Analysis in Volume, Consumption Analysis by Volume and Value, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis)
6 MARKET OPPORTUNITIES AND FUTURE TRENDS
7 AN ASSESSMENT OF THE COVID-19 IMPACT ON THE MARKET
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900