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)
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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 |
Write us at sales@credenceresearch.com |
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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