Jackfruit Market to Grow with a CAGR of 4.80% through 2029

The global jackfruit market is growing rapidly, driven by increasing awareness of jackfruit's nutritional benefits and the growing popularity of jackfruit as a culinary ingredient are key market trends.

According to TechSci Research report, “Jackfruit Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Jackfruit Market stood at USD 342.14 million in 2023 and is anticipated to grow with a CAGR of 4.80% through 2029.

One of the primary drivers of the global jackfruit market is the increasing demand for plant-based and vegan food products. As more consumers seek healthier and environmentally friendly dietary options, jackfruit has emerged as an attractive choice. The fruit's fibrous and meat-like texture, combined with its relatively neutral taste, makes it an excellent meat substitute in vegetarian and vegan dishes. This versatility has led to its incorporation in various culinary applications, such as pulled "pork" sandwiches, tacos, and curries. Concerns about animal welfare, the environmental impact of meat production, and health considerations have prompted a shift in dietary preferences. Plant-based diets, which include products like jackfruit, have gained popularity for their potential to reduce the negative consequences associated with conventional meat consumption. The growing vegan and flexitarian movements have driven the demand for jackfruit-based alternatives, leading to increased market growth.

The jackfruit market faces challenges related to its supply chain, which can hinder the consistent availability of jackfruit products. Jackfruit is a tropical fruit that primarily grows in South and Southeast Asia. This geographic concentration can lead to supply chain disruptions due to factors like extreme weather events, pests, and diseases that affect jackfruit trees. These challenges can lead to fluctuations in supply, affecting pricing and the overall stability of the market. The limited infrastructure and transportation options in some jackfruit-producing regions can also impact the fruit's distribution. Jackfruit is a bulky and perishable product that can be challenging to transport over long distances without appropriate storage and logistics solutions. This can result in quality deterioration during transit and increased costs, making it less competitive in global markets. To address supply chain limitations, investment in post-harvest handling, transportation, and storage infrastructure is essential. This would help ensure a more consistent supply of jackfruit products and improve their quality, reducing the risk of supply disruptions.

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The global jackfruit market is segmented into type, application, sales channel regional distribution, and company.

Based on sales channel, Online sales are experiencing substantial growth in the global jackfruit market, reflecting changing consumer shopping habits and the increased availability of jackfruit products through e-commerce platforms. The convenience and accessibility of online shopping have made it a popular choice for consumers seeking jackfruit-based products, particularly those following plant-based or vegan diets. Online sales provide a vast array of jackfruit products, from fresh and canned jackfruit to a wide range of processed and prepared options. This convenience caters to a diverse customer base looking for quick and easy solutions to incorporate jackfruit into their diets. Moreover, the online market transcends geographical boundaries, allowing consumers worldwide to access jackfruit products. This expanded reach has introduced jackfruit to a more extensive and diverse customer base, contributing to the overall growth of the global jackfruit market. As online sales continue to flourish, the jackfruit market is poised to benefit from increased visibility, consumer engagement, and sales volume.

Major companies operating in Global Jackfruit Market are:

• Cabello Fresh Produce LLC
• The Jackfruit Company
• Mother Dairy Fruit & Vegetable Private Limited
• Kiril Mischeff Limited
• Biff’s Kitchen Ltd 
• Artocarpus Foods Pvt. Ltd.
• Island Valley Delights LLC
• Madam Sun Sdn. Bhd.
• Diet Fibre 365 Food Products Private Limited
• Samroiyod Corporation Ltd.

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“The integration of jackfruit into traditional and international cuisines is another prominent trend in the global market. In its native regions, such as India and Southeast Asia, jackfruit has long been a staple food used in various traditional dishes. However, jackfruit's versatility has led to its incorporation into Western and other international cuisines, creating a culinary fusion trend. Jackfruit's ability to adapt to different flavors and cooking styles has made it a favorite ingredient in restaurants, food trucks, and home kitchens around the world. Dishes like BBQ jackfruit sandwiches, jackfruit tacos, and jackfruit curry are gaining popularity and appealing to a wide range of dietary preferences. This trend showcases jackfruit's potential to appeal to a broad and diverse audience, as it complements and enhances various cuisines. The international adoption of jackfruit is contributing to its global presence and increasing the market's geographical reach. It is not limited to specific regions, as consumers from different cultures appreciate its adaptability and potential to create unique and flavorful dishes”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Jackfruit Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Cheena, Golden Pillow, Tabouey, Black Gold, Cochin, Others), By Application (Fresh Consumption, Processed), By Sales Channel (Supermarkets/Hypermarkets, Specialty Stores, Retail Stores, Online, Others), By Region & Competition, 2019-2029F”, has evaluated the future growth potential of Global Jackfruit Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Jackfruit Market.

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