Global Jackfruit Market Report 2024–2030: Size, Share, Trends & Forecast

Global Jackfruit Market Overview: 2024-2030

Base Year: 2023

Historical Years:  2019-22

Forecast Years: 2024-2030

The Global Jackfruit Market size is valued at around USD 260 million in 2023 and is projected to grow at a CAGR of around 3.6% during the forecast period, i.e., 2024-30.

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Global Jackfruit Market Dynamics: 2024-2030

Global Jackfruit Market Driver:

Increasing Number of Vegetarians and Vegans – The Global Jackfruit Market is driven by several factors, one of which is the growing number of vegans and vegetarians. The demand for plant-based protein sources has surged as more people switch to plant-based diets for a variety of reasons, such as ethical, environmental, and health-related ones. The market rise of jackfruit can be attributed to its fibrous and meat-like texture, which has gained favor as a versatile and sustainable meat substitute.

A fruit abundant in nutrients, jackfruit offers vital vitamins, minerals, and dietary fiber. This is exactly in line with the health-conscious attitude of many vegetarians and vegans who are looking for sustainable and nutritious eating options. Furthermore, jackfruit is a versatile ingredient that can be added to many savory and sweet recipes. This adaptability attracts a wider range of vegetarians and vegans with different tastes in food.

Global Jackfruit Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

By Type

-Organic- (Market Size & Forecast 2019-2030, (USD Million)

-In-Organic- (Market Size & Forecast 2019-2030, (USD Million)

-Natural – (Market Size & Forecast 2019-2030, (USD Million)

By Variety

-Golden Nugget – (Market Size & Forecast 2019-2030, (USD Million)

-Black Gold – (Market Size & Forecast 2019-2030, (USD Million)

-Honey Gold – (Market Size & Forecast 2019-2030, (USD Million)

-Lemon Gold – (Market Size & Forecast 2019-2030, (USD Million)

-Others – (Market Size & Forecast 2019-2030, (USD Million)

By Application

-Direct Consumption- (Market Size & Forecast 2019-2030, (USD Million)

-Beverages- (Market Size & Forecast 2019-2030, (USD Million)

-Confectionary – (Market Size & Forecast 2019-2030, (USD Million)

-Aroma – (Market Size & Forecast 2019-2030, (USD Million)

-Others- (Market Size & Forecast 2019-2030, (USD Million)

The direct consumption segment is currently leading the Global Jackfruit Market based on the application because fresh jackfruit eating is ingrained in local cuisine and culture in jackfruit-producing nations. Because consumers are accustomed to its flavor, texture, 

By Sales Channel

-Online- (Market Size & Forecast 2019-2030, (USD Million)

-Retail Stores – (Market Size & Forecast 2019-2030, (USD Million)

-Hypermarkets/Supermarkets – (Market Size & Forecast 2019-2030, (USD Million)

-Others – (Market Size & Forecast 2019-2030, (USD Million)

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

The Asia-Pacific region currently holds the top spot in the Global Jackfruit Market and is predicted to hold this position for the foreseeable future.

Global Jackfruit Market (2024-30): Segmentation Analysis

The Global Jackfruit Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It also includes predictions for the period 2024–2030 at the global level. According to the analysis, the market has been further classified as:

Based on Application:

• Direct Consumption
• Beverages
• Confectioneries
• Others

The direct consumption segment is currently leading the Global Jackfruit Market based on the application because fresh jackfruit eating is ingrained in local cuisine and culture in jackfruit-producing nations. Because consumers are accustomed to its flavor, texture, and culinary applications, it is a widely recognized and favored choice. Furthermore, fresh jackfruit is incredibly versatile and may be utilized in a wide variety of savory and sweet recipes. Its versatility appeals to a larger range of consumers by satisfying a variety of dietary needs and palates.

Fresh jackfruit is less expensive than processed jackfruit products, especially in underdeveloped nations where people are highly sensitive to price. Its price allows a broader spectrum of customers to have access to it. Additionally, consumers are prioritizing the intake of fresh fruits and vegetables due to their growing health consciousness. The abundance of vital vitamins, minerals, and dietary fiber found in jackfruit adds to its rich nutritional profile and makes it a popular option for those seeking health and nutrition.

The beverages & confectioneries segment of the Jackfruit Market is expanding quickly and has the potential to have a big impact on the market’s future course, even if the fresh consumption segment now leads the market in terms of application. It is anticipated that the market would experience a change toward a more balanced pattern of consumption, with processed and fresh jackfruit products coexisting and meeting the needs of a range of consumer preferences.

Based on Sales Channel:

• Online Retail
• Retail Stores
• Supermarkets / Hypermarkets
• Others

The Global Jackfruit Market is currently dominated by the Supermarkets/Hypermarkets segment. Supermarkets and hypermarkets provide customers with a one-stop shop for all of their shopping needs, including jackfruit, in contrast to other distribution methods. Supermarkets and hypermarkets generally have a greater selection of jackfruit goods than other distribution channels, meeting the needs of a wide range of consumer tastes. In general, it is anticipated that the Supermarkets/Hypermarkets segment will continue to dominate the Global Jackfruit Market for the foreseeable future. It’s crucial to remember that expansion is also anticipated in other sales channels in the upcoming years, including online retail and specialty stores.

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Top Companies Operating in the Global Jackfruit Market:

Artocarpus Foods Pvt. Ltd., Kiril Mischeff Limited, Anna Food Products, Samroiyod Corporation Ltd, The Jackfruit Company, Island Valley Delights, Mother Dairy Fruit & Vegetable Pvt. Ltd, Madam Sun, Frubites, Natureloc, Jackfruit365, Nutty Yogi, and Others

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