Global Jackfruit Market Size To Worth USD 351.28 Million By 2033 | CAGR of 3.52%
Category: Food & BeveragesGlobal Jackfruit Market Size To Worth USD 351.28 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Jackfruit Market Size is Expected to Grow from USD 248.66 Million in 2023 to USD 351.28 Million By 2033, at a CAGR of 3.52% during the Forecast period 2023-2033.
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Browse key industry insights spread across 220 pages with 95 Market data tables and figures & charts from the report on the "Global Jackfruit Market Size, Share, and COVID-19 Impact Analysis, By Applications (Beverages, Fresh Consumption, Aroma, Confectionary, and Others), By Distribution Channel (Retail Stores, Supermarkets, Online Stores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/jackfruit-market
The global jackfruit market is a growing industry involving the production, distribution, and consumption of jackfruit, a tropical fruit native to Southeast Asia. Originating in the forests of the Western Ghats, India, the jackfruit is the largest edible fruit in the world, containing numerous nutrients. It is used in various food products, including jams, jellies, marmalades, and ice creams. Jackfruit tree parts, including latex, leaves, and barks, have also been used in traditional medicine. The jackfruit is the largest tree-borne fruit in the world, reaching up to 60 cm long and weighing up to 18 kg. Government initiatives, such as the Kerela government promoting the 'Kerala jackfruit' brand and a yearly 'jackfruit fest,’ drive the market growth. The market is expanding due to its adaptability in fresh, canned, frozen, and canned forms. Popular products include jackfruit "meat" items, ready-to-eat pieces, pulled jackfruit, burgers, and sausages. However, the seasonal availability of jackfruit limits market growth.
The fresh consumption segment held a substantial share in 2023 and is predicted to grow at a significant CAGR during the predicted period.
Based on the applications, the global jackfruit market is categorized as beverages, fresh consumption, aroma, confectionary, and others. Among these, the fresh consumption segment held a substantial share in 2023 and is predicted to grow at a significant CAGR during the predicted period. This is driven by its adaptability, versatility, sweet taste, nutritional value, and growing health awareness, boosting immunity, antioxidants, and digestion.
The supermarkets segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the distribution channel, the global jackfruit market is categorized as retail stores, supermarkets, online stores, and others. Among these, the supermarkets segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. This is attributed to the availability of diverse jackfruit varieties, food differentiation, hygiene, convenience, and various offers on jackfruits.
Asia Pacific is expected to hold the greatest share of the global jackfruit market over the forecast period.
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Asia Pacific is expected to hold the greatest share of the global jackfruit market over the forecast period. This is driven by rising demand in southern countries, widespread popularity, and a conducive climate for cultivation. The fruit can be eaten fresh or processed and is used in a variety of products, from snacks to meat alternatives. Nations such as India and Sri Lanka are exporters of jackfruit to areas beyond their own, thereby broadening its global presence. India, Bangladesh, Thailand, and Indonesia are among the leading producers.
North America is predicted to grow at the fastest CAGR throughout the estimated period. The jackfruit's growth in the US and Canada is driven by a favorable climate, increasing demand for products like pulled jackfruit and jackfruit burgers. The market is also driven by health benefits and its versatility in fresh, canned, or frozen forms. Jackfruit is used in various dishes, including snacks, desserts, and meat substitutes. Consumer awareness of health and sustainability, along with plant-based diets, is driving market expansion.
Major key players in the global jackfruit market are Island Valley Delights, Natureloc, The Jackfruit Company, Kiril Mischeff Limited, Anna Food Products, Frubites, Nutty Yogi, Samroiyad Corporation Ltd., Diet Fibre 365 Food Products Private Limited, Artocarpus Foods Pvt. Ltd., Cabello Fresh Produce LLC, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In November 2024, Performance Food Group Company launched its Beef & Jackfruit Burger under its FarmSmart brand. The blend of premium beef and jackfruit, supplied by The Jackfruit Company, offers a delicious way to enjoy meat while improving nutrition and reducing the environmental footprint. The burger is 40% less saturated fat and 40% lower cholesterol than a 100% beef burger, supporting the transition to lower carbon emissions and allowing chefs to avoid any compromise on taste. This innovative product supports the broader movement toward a lower-carbon-emissions food system.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global jackfruit market based on the below-mentioned segments:
Global Jackfruit Market, By Applications
- Beverages
- Fresh Consumption
- Aroma
- Confectionary
- Others
Global Jackfruit Market, By Distribution Channel
- Retail Stores
- Supermarkets
- Online Stores
- Others
Global Jackfruit Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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