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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Jackfruit Market Share by Application
The fresh consumption segment, based on application, accounts for a healthy share of the market for jackfruits. This can be attributed to the significant local consumption of jackfruit. Jackfruits can be prepared in the form of dish or salad, depending upon the preference of the consumer. Ripe jackfruit is sweet and has a distinct aroma, due to which jackfruits are added in curries, stews, stir fries, and baked foods. Meanwhile, the processed segment is expected to witness a steady growth in the forecast period. Processed food products made from jackfruit including ice creams, jellies, pickles, and sweets, among others, are growing in popularity. In addition, several beverages are made of jackfruit, such as squash, wine, and nectar.
Global Jackfruit Market Share by Distribution Channel
Based on distribution channel, the supermarkets and hypermarkets segment accounts for a significant share in market for jackfruits. This can be attributed to the greater convenience offered to buyers and their ability to directly analyse the degree of ripeness of the jackfruit. In addition, a variety jackfruit and related products are available across supermarkets and hypermarkets which are further improving the demand for the market. Meanwhile, the online segment is anticipated to be a fast-growing distribution channel in the market, driven by the rising purchasing power and availability of good deals on buying fruits and vegetables from the online portals.
Global Jackfruit Market Share by Region
At a regional level, the Asia Pacific accounts for a sizeable jackfruit market share. Regions in the Asia Pacific offer favourable climate conditions and agricultural land for cultivation which are empowering the market growth. Traditional significance of consuming jackfruit across the emerging economies such as India, is increasing the demand for jackfruits. Increasing sale of jackfruit through conventional vegetable stalls is further escalating sales. Meanwhile, the Latin America is expected to witness a steady growth in the forecast period, due to the increasing demand and cultivation of jackfruits across emerging economies such as Brazil.
Jackfruit Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of USD 322.31 million in 2023.
The market is estimated to grow at a CAGR of 3.40% in the forecast period of 2024-2032.
By 2032, the market value is expected to reach USD 435.47 million.
The increasing consumption of jackfruit as an alternative to meat products, growing awareness pertaining to health benefits of jackfruit, and rising disposable income are the major drivers of the market.
The key trends in the jackfruit market include the thriving e-commerce sector and increasing inclination towards veganism.
Ripe jackfruit can be eaten raw similar to any other fruit.
Cheena, golden pillow, tabouey, black gold, and cochin, among others, are the different types included in the market.
Fresh consumption and processed are the segments of the market based on application.
Supermarkets and hypermarkets, specialty stores, retail stores, and online, among others are the different distribution channels included in the market report.
Cabefruit Produce LLC, The Jackfruit Company, Mother Dairy Fruit & Vegetable Private Limited, Kiril Mischeff Limited, and Samroiyod Corporation Ltd., among others, are the key market players, according to the report.
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