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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Jackfruit Market Size
The global jackfruit market reached a value of USD 322.31 million in 2023. The market is expected to further grow at a CAGR of 3.40% between 2024 and 2032, to reach a value of USD 435.47 million by 2032.
Key Trends in the Market
Jackfruit is a large fruit which is thick and yellow, the seeds and pods of which are consumed in various households and served in restaurants. The fruit has a distinct and sweet flavour and is mostly found in the Southeast Asia region and tropical areas. Jackfruit is highly nutritious and is a rich source of vitamin C.
- The increasing consumption of jackfruit as an alternative to meat products is driving the global jackfruit market price due to the similarity in texture as certain meat products. Additionally, the increasing inclination towards veganism is leading to a growing number of vegetarians.
- Increasing awareness pertaining to the health benefits offered by jackfruits, such as controlled cholesterol levels and blood pressure, reduced risk of cancer, and wound healing properties, among others, is propelling the market demand.
- Growing health consciousness, rising disposable income, rapid urbanisation, and increasing demand for jackfruit from restaurant chains and hotels, are some of the key jackfruit market trends.
Opportunities and Challenges
The increasing awareness pertaining to the medicinal benefits of jackfruit is likely to offer lucrative opportunities to the jackfruit market outlook. Jackfruit prevents cell damage, improves eye health, and reduces the risk of various chronic diseases. Over the forecast period, the increasing investments in the research and development activities in the pharmaceutical sector are expected to bolster the incorporation of jackfruit in pharmaceuticals in the coming years. Furthermore, the increasing geriatric population, and the greater risk of associated chronic diseases are likely to augment the market growth in the forecast period. However, the low shelf life of fresh jackfruit is expected to pose as a challenge in the jackfruit market growth.
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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