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

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

The global jackfruit market generated over USD 297.77 million in 2021. It is expected to exhibit a CAGR of over 3.42% during the forecast period to reach over USD 382.48 million by the end of 2028. In contrast, the cumulative growth opportunity offered by the global jackfruit market stood above USD 2,250 million for the analysis period from 2022 to 2028. As a result, global jackfruit consumption in 2021 was recorded at around 600 kilo tons.    

Interesting Facts about Jackfruit Industry

• Jackfruit is tropical fruit mainly grown in South and Southeast Asia
• Jackfruit is the national fruit of Bangladesh and Sri Lanka
• Jackfruit is increasing in its popularity as a meat substitute
• Jackfruit is a rich source of vitamins, minerals, and phytochemicals
• Jackfruit is the largest tree-born fruit in the world which can weigh up to 40 pounds

Strong Demand as a Meat Substitute 

Owing to its stringy and tender texture, jackfruit pulp resembles that of shredded chicken and pork. Moreover, it has a neutral or slightly sweet flavor; hence, it can take on the flavors of seasoning or sauces. Therefore, jackfruit is growing as a meat alternative. Secondly, its mineral, vitamin, and phytochemical-rich pulp makes it increasingly being adopted in a diet for health benefits.

Secondly, the go vegan trend is on the rise around the world. Although currently, just one percent of the world population is vegan, the number of vegan populations is rising globally. 

Golden Nugget to Dominated the Demand

Golden Nugget, Cheena, Golden Pillow, Tabouey, Black Gold, Cochin, and Others are major species of jackfruits being grown and consumed worldwide. Golden Nugget species of jackfruit is widely grown and consumed worldwide and holds over 25% share in total revenue generation in 2021. China and Golden Pillow are also expected to increase their revenue share over the forecast period.

Health Benefits of Jackfruit

The growing demand for healthy fruits is another reason behind the growth of the global jackfruits market. Jackfruit offers many health benefits, such as healthy digestion. It contains vitamin c, pyridoxine, niacin, riboflavin, folic acid, calcium, magnesium, potassium, phosphorus, etc. Fibre, potassium, and antioxidants in combination offer good heart health. Jackfruit has been used as a medicine from ancient times. It is long being used in the treatment as antimicrobial and antifungal. However, scientifically none of the above claims are proved and supported. However, people with chronic or acute kidney diseases should avoid the consumption of jackfruit, either raw or cooked.

Moreover, excess consumption can result in the build-up of potassium, resulting in weakness, paralysis, and heart attack. This, in turn, arrested the growth of the global jackfruit market. Moreover, changing climate is also one of the significant factors in the fluctuation in the harvesting of jackfruit.  

Fresh Consumption Segment Held the Largest Share

Fresh Consumption, Beverages, Confectionery, Aroma, and Others are some of the significant applications of jackfruit. Fresh consumption accounted for over 40% share of the total revenue generation of the jackfruit market in 2021. However, jackfruit is growing in popularity to be used as a flavoring or aromatic agent in various food & beverages. Increasing demand for canned food and fruits is also fuelling the growth rate of the global jackfruit market. 

The Asia Pacific to Dominate the Demand

The global Jackfruit market is mainly driven by the strong demand from South and Southeast Asia. Almost 60% of the jackfruits are growing in this region. Jackfruit is widely used in local cuisine in South and Southeast Asia. India, Bangladesh, Sri Lanka, Indonesia, Philippines, Malaysia, etc., are major consuming countries worldwide. The Russia- Ukraine war has little, or no impact on the jackfruit industry as none of these countries are primary producers or consumers. North America and Europe are also expected to witness moderate growth in demand for jackfruit. 

A large number of Players in the Global Jackfruit Market

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 are some key players operating in the global jackfruit market. Increasing processed food demand, growing consumption of canned fruits and food, and a rise in demand from the beverage industry are mainly driving the need for jackfruit.

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