Jackfruit Market Size By Variety (Cheena, Golden Pillow, Tabouey, Black Gold, Cochin), By Application (Fresh Consumption, Beverages, Confectioneries), By Distribution Channel (Online Retail, Retail Stores, Supermarkets/Hypermarkets, Food & Drink Specialty Stores), By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Jackfruit Market Size By Variety (Cheena, Golden Pillow, Tabouey, Black Gold, Cochin), By Application (Fresh Consumption, Beverages, Confectioneries), By Distribution Channel (Online Retail, Retail Stores, Supermarkets/Hypermarkets, Food & Drink Specialty Stores), By Geographic Scope And Forecast
Global Jackfruit Market Size and Forecast
Jackfruit Market size was valued at USD 309.62 Million in 2024 and is projected to reach USD 374.3 Million by 2031, growing at a CAGR of 2.4% from 2024 to 2031.
- Jackfruit is a tropical fruit known for its huge size, unique spiky skin, and sweet flavor. Jackfruit, botanically classified as a tree species in the fig, mulberry, and breadfruit families (Moraceae), is one of the world’s largest fruits, weighing up to 80 pounds.
- Its golden flesh, which contains enormous seeds, has a sweet, fruity flavor reminiscent of mango, pineapple, and banana.
- Jackfruit is a versatile culinary ingredientits unripe, young fruit is frequently used as a meat substitute in vegetarian and vegan meals due to its fibrous texture, which when cooked mimics pulled ham or chicken.
- Furthermore, several parts of the jackfruit tree are utilized in traditional medicine for treating illnesses that range from skin diseases to diabetes.
Global Jackfruit Market Dynamics
The key market dynamics that are shaping the jackfruit market include
Key Market Drivers
- Rising Popularity of Plant-Based Diets and VeganismMore people are turning to plant-based diets for health, environmental, and animal welfare reasons. Jackfruit’s meaty texture and neutral flavor make it an ideal meat alternative in vegan and vegetarian meals. The growing desire for plant-based alternatives fuels the expansion of the jackfruit market.
- Growing Awareness of Health Benefits Jackfruit is well-known for its health advantages, including fiber, vitamin C, and potassium, as well as its low calorie and fat content. This nutritional value appeals to health-conscious customers, who have increasingly included jackfruit in their diets.
- Expanding Applications and Product InnovationThe jackfruit market is experiencing a surge in product innovation, with options including fresh, frozen, canned, and pre-seasoned jackfruit. This simplicity makes it easy for consumers to incorporate jackfruit into their meals. Additionally, restaurants that experiment with new jackfruit recipes increase its appeal and market demand.
Key Challenges
- Short Shelf Life and Limited Availability Ripe jackfruit has a short shelf life of 5-7 days, which complicates transportation, storage, and marketability, especially when fresh. Jackfruit availability is limited due to seasonality, and some places lack suitable cold chain infrastructure.
- Price Volatility and Processing Challenges Jackfruit prices vary owing to seasonality, spoilage, and transportation costs. Processing jackfruit is tough because of its sticky latex and huge size. Developing efficient, cost-effective processing technologies is critical to meeting increasing demand and reducing waste in the jackfruit market.
Key Trends
- Growing Focus on Convenience and Ready-to-Eat Options Busy consumers prefer easy meal options, and the jackfruit market is responding by offering pre-cut, pre-seasoned, and ready-to-eat goods. Offerings such as pulled jackfruit for tacos and jackfruit crumbles as meat substitutes cater to time-pressed consumers, broadening jackfruit’s potential use in regular meals.
- Expansion into Snacking and Beverage Applications Jackfruit market development includes new product categories such as jackfruit chips, dry snacks, and jackfruit-based beverages. These nutritious and exciting snacking options broaden the market, attracting new consumer segments and boosting jackfruit popularity beyond meal replacements.
- Integration with Ethnic Cuisines and Global Flavors Jackfruit’s balanced flavor profile makes it suitable for a variety of cuisines. The market is experiencing growth in jackfruit products with Asian, Latin American, and Caribbean flavors. This trend broadens the appeal of jackfruit, introducing it to customers who are unfamiliar with its traditional usage and making it more accessible.
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Global Jackfruit Market Regional Analysis
Here is a more detailed regional analysis of the jackfruit market
Asia Pacific
- According to Market Research, Asia Pacific is estimated to dominate the jackfruit market over the forecast period. Jackfruit is native to Southeast Asia and thrives in tropical settings. India, Thailand, Indonesia, and Vietnam offer excellent growth conditions, resulting in a long history of jackfruit farming. This leads to a plentiful supply, making it a mainstay in many Asian cuisines.
- Rising discretionary incomes in Asia are fueling demand for handy jackfruit products such as frozen packs or pre-seasoned varieties. Because of growing purchasing power, consumers are now looking at novel jackfruit goods beyond traditional applications.
- Furthermore, Asia Pacific’s environment allows for year-round jackfruit production. Investments in cold chain infrastructure and processing facilities increase export opportunities. As worldwide awareness rises, the region is set to become a top jackfruit exporter.
North America
- North America is estimated to exhibit the highest growth during the forecast period. Veganism and plant-based diets are becoming increasingly popular in North America. Jackfruit’s meaty texture and flexibility make it a popular meat substitute. Social media trends and celebrity endorsements that promote plant-based living increase interest in jackfruit and creative jackfruit products.
- Ethnic cuisines from Asia, Latin America, and the Caribbean, which frequently include jackfruit, are becoming popular in North America. Restaurants that creatively use jackfruit introduce customers to its culinary potential, generating interest in home cooking and driving market expansion.
- Furthermore, consumers in North America are more concerned about the environment and their health. Jackfruit, which is regarded as a sustainable plant-based protein with a smaller environmental impact than meat, corresponds to health preferences due to its fiber and vitamin content. This increases jackfruit growth potential in the region.
Europe
- Europe region is estimated to exhibit substantial growth during the forecast period. Plant-based diets and flexitarianism are becoming increasingly popular in Europe, with more people incorporating plant-based meals. Jackfruit’s adaptability as a meat alternative appeals to people looking for nutritious, sustainable protein sources. This flexitarian movement broadens the consumer base for jackfruit, accelerating market growth.
- European customers are increasingly health-conscious, and they prefer functional foods with added health benefits. Jackfruit, which is high in fiber and beneficial to gut health, fits into this trend. As consumers seek elements that enhance health, jackfruit has increased in popularity in the European market.
- Furthermore, European interest in various ethnic cuisines, notably Asian and Caribbean flavors, is growing. Chefs are experimenting with jackfruit in new recipes to demonstrate its gastronomic potential. Increased media coverage and restaurant exposure pique consumer interest, propelling market expansion in Europe.
Global Jackfruit MarketSegmentation Analysis
The Jackfruit Market is segmented based on Variety, Application, Distribution Channel, and Geography.
Jackfruit Market, By Variety
- Cheena
- Golden Pillow
- Tabouey
- Black Gold
- Cochin
- Others
Based on the Type, the market is segmented into Cheena, Golden Pillow, Tabouey, Black Golds, Cochin, and Others. The cheena segment is estimated to exhibit the highest growth within the jackfruit market. Cheena jackfruit, with its big size, high production, and fibrous meat, is suited for commercial cultivation, assuring a consistent market supply. Its neutral flavor and firm texture make it ideal for a wide range of culinary applications, including savory meals such as jackfruit “pulled pork” and sweet and sour recipes. Cheena jackfruit has the potential to have a larger market share than less common kinds due to its adaptability and availability.
Jackfruit Market, By Application
- Fresh Consumption
- Beverages
- Confectioneries
- Others
Based on Application, the market is segmented into Fresh Consumption, Beverages, Confectioneries, and Others. The fresh consumption segment is estimated to dominate the market, especially in Southeast Asia, where it is a cultural mainstay and frequently utilized in traditional recipes. The versatility of jackfruit, which can be eaten ripe or unripe, appeals to a wide range of tastes and nutritional requirements. Processing challenges, such as short shelf life and high costs, make fresh jackfruit more practicable for immediate consumption, decreasing waste and maintaining demand in areas near growing sites.
Jackfruit Market, By Distribution Channel
- Online Retail
- Retail Stores
- Supermarkets/Hypermarkets
- Specialty Stores
Based on the Distribution Channel, the market is segmented into Online Retail, Retail Stores, Supermarkets/Hypermarkets, and Specialty Stores. The supermarkets/hypermarket segment is estimated to exhibit the highest growth during the forecast period in the jackfruit market due to its large consumer reach and convenient locations. By prominently displaying jackfruit with other produce, they introduce it to a large audience, generating interest and encouraging trial purchases. These retail behemoths provide a wide range of jackfruit options, from fresh to pre-cut and frozen, to accommodate varied consumer tastes. Supermarkets use established supply chains and competitive pricing tactics to assure regular availability and limit the risk of spoiling, hence increasing jackfruit’s market accessibility and appeal.
Jackfruit Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on Geography, the Jackfruit Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific region is estimated to hold the largest share of the jackfruit market. The Asia Pacific region, which includes India, Thailand, Indonesia, and Vietnam, provides perfect tropical conditions for jackfruit growing, resulting in a consistent and abundant supply. Rising disposable incomes have increased demand for processed jackfruit products beyond their conventional applications, indicating changing customer tastes. With continued investments in cold chain infrastructure and processing facilities, the region is well-positioned to leverage its favorable environment and emerge as a global leader in jackfruit exports, satisfying rising international demand and growing its market presence.
Key Players
The “Jackfruit Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Jackfruit365, NatureLoC, Madam Sun, Artocarpus Foods Pvt. Ltd., Island Valley Delights, Anna Food Products, Nutty Yogi, Mother Dairy Fruit & Vegetable Pvt. Ltd., The Jackfruit Company, and Frubites.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Jackfruit Market Recent Developments
- In August 2023, Jack & Friends launched their vegan jerky. The plant-based food is prepared using pea protein and jackfruit. The product aims to appeal to the expanding vegan population worldwide, particularly among urban millennials.
- In March 2023, Wakao Foods, an Indian alternative meat firm, launched the Continental Burger Patty. The vegan food product, comprised of 53% jackfruit, is said to have a feel similar to pulled pork. The corporate product boasts a year-long shelf life and does not require refrigeration.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Jackfruit365, NatureLoC, Madam Sun, Artocarpus Foods Pvt. Ltd., Island Valley Delights, Anna Food Products, Nutty Yogi, Mother Dairy Fruit & Vegetable Pvt. Ltd., The Jackfruit Company, and Frubites. |
SEGMENTS COVERED | Variety, Application, Distribution Channel, and Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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