Jackfruit Market Size Estimated to Reach USD 382.48 Million by 2028, With 3.42% CAGR: Statistics Report by Credence Research

Global jackfruit market has generated revenue of over USD 297.77 million in 2021. It is expected to exhibit CAGR of over 3.42% during the forecast period to reach over USD 382.48 million by the end of 2028.

Credence Research recently published a research report on “Jackfruit Market by Type (Cheena, Golden Pillow, Tabouey, Black Gold, Cochin, Others) by Application (Fresh Consumption, Beverages, Confectionery, Aroma, Others) – Growth, Impact of Russia – Ukraine War, Future Prospects And Competitive Analysis, 2016 – 2028” in its research database.

The Global Jackfruit Market generated revenue of around USD 297.77 million in 2021 and is anticipated to grow a CAGR of over 3.42% during the forecast period from 2022 to 2028 to reach around USD 342.48 million in 2028. While, cumulative growth opportunity presented by the global Jackfruit is around USD 2.25 billion during 2022 to 2028.

Global Jackfruit Market, 2021 – 2028 (USD Million)

Browse the full report at   https://www.credenceresearch.com/report/jackfruit-market

Mainly grown in tropical areas, jackfruit is native to western ghats of India and Sri Lanka. However, it’s also grown in Philippines, Malaysia, and Indonesia. Jackfruit is the largest of all tree born fruits in the world. It can be eaten raw of cooked in various recipes. Jackfruit can weight up to as high as 20 kilograms. It is also termed as veg meat. Jackfruit is a rich source of vitamins, minerals and phytochemicals.

Golden Nugget to Grow at Rapid Pace

Golden Nugget, Cheena, Golden Pillow, Tabouey, Black Gold, Cochin and Others  are some of the important types of Jackfruits produced and consumed across different region. However, Golden Nugget is growing in demand and held significant share in total revenue generation with over 25% in 2021. While, Cheena, Golden Pillow and others segments collectively held over 50% share in total revenue generation in 2021 and poised to play important role in growth of Jackfruit in the years to come.

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Jackfruit Report Scope

Report Attribute

Details

Market Value in 2021

USD 297.77 million

Market Value in 2028

USD 382.48 million

CAGR

3.42% between 2021 and 2028

Benchmarking Year

2021

Past data

2016 – 2021

Forecast period

2022 – 2028

Report coverage

Market Size Valuation, Share Analysis and Growth Rate by Segments such as Type and Application, Company Share, Competitive Landscape and Trends Analysis

Segments covered

Type

Golden Nugget

Cheena

Golden Pillow

Tabouey

Black Gold

Cochin

Others

Application

Fresh Consumption

Beverages

Confectionery

Aroma

Others

Major Players Analysed

Anna Fresh Consumption Product, Artocarpus Fresh Consumptions Pvt. Ltd., Frubites, Island Valley Delights, Jackfruit365, Madam Sun, Mother Dairy Fruit Vegetable Pvt. Ltd, Natureloc, Nutty Yogi and The Jackfruit Company

Cost of the Report

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Growing Demand for Raw Consumption is Driving the Growth of Jackfruit

Fresh Consumption, Beverages, Confectionery, Aroma, and Others are major application markets for the global Jackfruit industry. Raw Consumption segment held the largest share of global Jackfruit industry in 2021 with over 40% contribution to revenue generated by Jackfruit market. Secondly, food processing, feed, and industrial applications are also expected to grow at a significant CAGR which in turn likely to drive demand for Jackfruit. However, climate change is likely affecting the productivity and yield of jackfruit. Moreover, allergic reactions and ill effect on health of people suffering from chronic as well as acute kidney disease may arrest the growth of jackfruit market.

Asia Pacific is Second Leading Market for Jackfruit

Asia Pacific is leading the Jackfruit industry with over 50% share in 2021. India, Bangladesh, Sri Lanka, Philippine, Indonesia and Malaysia dominate production as well as consumption of jackfruit. While, Europe and North America hold very little market share. Demand for jackfruit is growing in Europe and North America as an alternative to meat. Moreover, growing awareness among end-user regarding health benefits offered by jackfruit is mainly driving the demand for jackfruit.

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Significance of War between Russia & Ukraine for Jackfruit Importers

As Ukraine and Russia has meager contribution in production as well as consumption of jackfruit the impact of war between Russia and Ukraine will be minimal on this market.

Major players operating in the Jackfruit industry include Anna Food Product, Artocarpus Foods Pvt. Ltd., Frubites, Island Valley Delights, Jackfruit365, Madam Sun, Mother Dairy Fruit Vegetable Pvt. Ltd, Natureloc, Nutty Yogi and The Jackfruit Company.

Market Segmentation

Global Jackfruit Market        

Global Jackfruit Market by Company, 2016 – 2028

Anna Food Product
Artocarpus Foods Pvt. Ltd.
Frubites
Island Valley Delights
Jackfruit365
Madam Sun
Mother Dairy Fruit Vegetable Pvt. Ltd
Natureloc
Nutty Yogi
The Jackfruit Company
Others

The Market Research Report Offers:

Market research, including an analysis of various influencing factors such as drivers, restraints, and opportunities.

Extensive research on the global Jackfruit Market’s competitive landscape

Identification and analysis of micro and macro factors that are influencing and will continue to influence the growth of the Jackfruit Market .

A comprehensive list of the market’s key market players.

Recent trends and developments in the industry

An analysis of the various market segments, such as type, size, applications, and end-users.

It provides a descriptive analysis of the global Jackfruit Market’s demand-supply chaining.

Browse the full report at   https://www.credenceresearch.com/report/jackfruit-market

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