The annual demand for dried figs per person throughout the world is projected to grow by a negligible amount, from 0.017 kilograms in 2016 to 0.019 kg in 2019.
Despite this, high-income economies have been shown to have a consumption rate that is much greater than the average per person.
The dried figs market is predicted to grow in response to rising consumer demand for healthy foods and the growing usage of dried figs in food items such as desserts, snacks and bars, bakery goods, confectioneries, cereals, and dairy products.
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Additionally, factors such as an increase in the number of supermarkets, hypermarkets, and retail outlets, together with a rise in urbanization and consumer health consciousness, are expected to fuel market expansion.
The average annual consumption of dried figs per person around the globe rose slightly from 0.017 kg in 2016 to 0.019 kg in 2019, according to the latest estimates.
Despite this, high-income economies have been shown to have a consumption rate that is much greater than the average per person.
For instance, according to the data that was uncovered by the International Nut & Dry Fruit Council, dried figs account for 6% of the overall consumption of dried fruit in high-income economies, but they only account for 3% of the overall consumption of dried fruit in economies with a middle-income level of income.
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Iran Is Expected to Dominate the Global Market for Dried Figs.
Iran is one of the major consumers of dried figs in the world, accounting for roughly 17,352 metric tons of consumption during the 2018-2019 year.
Furthermore, the information that was disclosed by the International Nuts & Dry Fruit Council indicated that the consumption of dried figs on a per capita basis fluctuated between the years 2016 and 2018.
For instance, the consumption of dried figs on a per capita basis was recorded at 0.248 kilograms per year in 2016–17, but by 2017–18, that number had dropped dramatically to 0.203 kg per year, representing a decrease of 18.1 percent.
The nation is one of the greatest producers of figs in the world, even though it is a significant consumer of fruit.
Dried figs demand
Dried figs have a high level of demand all over the globe and are a significant contributor to the economies of nations like Turkey and Iran.
Figs designated for export are those considered to be of the finest grade.
Because how figs are grown and dried has a substantial impact on whether or not they are suitable for export, some varieties of figs are not allowed to be sent overseas.
When compared to prices for other categories, the price of dried figs that are intended for export is more set in stone.
The value that is added to export fruit might also contribute to a rise in the price of the fruit.
The fact that a product is organic, for instance, is one of the aspects that determine whether or not it may be exported.
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Both the dried figs in bulk and the packaged varieties are sent overseas.
However, the majority of items are sent out of those nations in bulk form since there is no adequate export platform in the form of packaging for such goods.
If dried figs are packed for export, not only will the price of those figs be significantly greater, but the nation will also see a much larger profit from their sale.
However, if the export is done in large quantities, the amount of foreign currency required will be lower.
The quality of dried figs that are sent overseas might be classified as AAA, AA, A, or B.
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