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Global Jackfruit Market Share, Size, Analysis, Opportunities, Forecast: By Type: Cheena, Golden Pillow, Tabouey, Black Gold, Cochin, Others; By Application: Fresh Consumption, Processed; By Distribution Channel: Supermarkets and Hypermarkets, Specialty Stores, Retail Stores, Online, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Jackfruit Market Outlook
The global jackfruit market size reached a value of USD 322.31 million in 2023. The market is expected to further grow at a CAGR of 3.40% between 2024 and 2032, to reach a value of USD 435.47 million by 2032.
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Key Trends in the Market
Jackfruit is a large fruit which is thick and yellow, the seeds and pods of which are consumed in various households and served in restaurants. The fruit has a distinct and sweet flavour and is mostly found in the Southeast Asia region and tropical areas. Jackfruit is highly nutritious and is a rich source of vitamin C.
- The increasing consumption of jackfruit as an alternative to meat products is driving the global jackfruit market price due to the similarity in texture as certain meat products. Additionally, the increasing inclination towards veganism is leading to a growing number of vegetarians.
- Increasing awareness pertaining to the health benefits offered by jackfruits, such as controlled cholesterol levels and blood pressure, reduced risk of cancer, and wound healing properties, among others, is propelling the market demand.
- Growing health consciousness, rising disposable income, rapid urbanisation, and increasing demand for jackfruit from restaurant chains and hotels, are some of the key jackfruit market trends.
Opportunities and Challenges
The increasing awareness pertaining to the medicinal benefits of jackfruit is likely to offer lucrative opportunities to the jackfruit market outlook. Jackfruit prevents cell damage, improves eye health, and reduces the risk of various chronic diseases. Over the forecast period, the increasing investments in the research and development activities in the pharmaceutical sector are expected to bolster the incorporation of jackfruit in pharmaceuticals in the coming years. Furthermore, the increasing geriatric population, and the greater risk of associated chronic diseases are likely to augment the market growth in the forecast period. However, the low shelf life of fresh jackfruit is expected to pose as a challenge in the jackfruit market growth.
Market Analysis
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Based on type, the market is segmented into cheena, golden pillow, tabouey, black gold, and cochin, among others. On the basis of application, the market is classified into fresh consumption and processed. By distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, retail stores, and online, among others. The regional markets for jackfruit can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global jackfruit market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Cabefruit Produce LLC
- The Jackfruit Company
- Mother Dairy Fruit & Vegetable Private Limited
- Kiril Mischeff Limited
- Samroiyod Corporation Ltd.
- Others
Market Share by Application
The fresh consumption segment, based on application, accounts for a healthy share of the market for jackfruits. This can be attributed to the significant local consumption of jackfruit. Jackfruits can be prepared in the form of dish or salad, depending upon the preference of the consumer. Ripe jackfruit is sweet and has a distinct aroma, due to which jackfruits are added in curries, stews, stir fries, and baked foods. Meanwhile, the processed segment is expected to witness a steady growth in the forecast period. Processed food products made from jackfruit including ice creams, jellies, pickles, and sweets, among others, are growing in popularity. In addition, several beverages are made of jackfruit, such as squash, wine, and nectar.
Market Share by Distribution Channel
Based on distribution channel, the supermarkets and hypermarkets segment accounts for a significant share in market for jackfruits. This can be attributed to the greater convenience offered to buyers and their ability to directly analyse the degree of ripeness of the jackfruit. In addition, a variety jackfruit and related products are available across supermarkets and hypermarkets which are further improving the demand for the market. Meanwhile, the online segment is anticipated to be a fast-growing distribution channel in the market, driven by the rising purchasing power and availability of good deals on buying fruits and vegetables from the online portals.
Market Share by Region
At a regional level, the Asia Pacific accounts for a sizeable jackfruit market share. Regions in the Asia Pacific offer favourable climate conditions and agricultural land for cultivation which are empowering the market growth. Traditional significance of consuming jackfruit across the emerging economies such as India, is increasing the demand for jackfruits. Increasing sale of jackfruit through conventional vegetable stalls is further escalating sales. Meanwhile, the Latin America is expected to witness a steady growth in the forecast period, due to the increasing demand and cultivation of jackfruits across emerging economies such as Brazil.
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Competitive Landscape
Cabefruit Produce LLC is a leading fruits and vegetables processing company which specialises in the distribution and introduction of exotic fruits and vegetables across different regions. The company provides prime fruits such as mango across various parts of the world. Cabefruit Produce LLC was established in the year 2009 and is headquartered in Texas in the United States.
The Jackfruit Company is a renowned jackfruit product manufacturing and marketing company which produces varied products based on jackfruits. These products include BBQ jackfruit, curry jackfruit, teriyaki jackfruit, lightly seasoned jackfruit, and bulk naked jackfruit, among others. The company was founded in the year 2011 and is currently headquartered in Colorado, United States.
Mother Dairy Fruit & Vegetable Private Limited is a subsidiary of National Dairy Development Board (NDDB) which is focussed on selling milk products such as paneer, ice cream, and curd, among others. Headquartered in Delhi in India, the product portfolio of this company includes fresh fruits and vegetables, frozen food products, and jams and pickles.
Other market players include Kiril Mischeff Limited, and Samroiyod Corporation Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
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| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Jackfruit Market Analysis
8.1 Key Industry Highlights
8.2 Global Jackfruit Historical Market (2018-2023)
8.3 Global Jackfruit Market Forecast (2024-2032)
8.4 Global Jackfruit Market by Type
8.4.1 Cheena
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Golden Pillow
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Tabouey
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Black Gold
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Cochin
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2023)
8.4.5.3 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Jackfruit Market by Application
8.5.1 Fresh Consumption
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Processed
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Jackfruit Market by Distribution Channel
8.6.1 Supermarkets and Hypermarkets
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Specialty Stores
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Retail Stores
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Online
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Jackfruit Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Jackfruit Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Jackfruit Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Jackfruit Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Jackfruit Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Jackfruit Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Cabefruit Produce LLC
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 The Jackfruit Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Mother Dairy Fruit & Vegetable Private Limited
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Kiril Mischeff Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Samroiyod Corporation Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Jackfruit Market: Key Industry Highlights, 2018 and 2022
2. Global Jackfruit Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Jackfruit Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Jackfruit Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Jackfruit Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Jackfruit Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. Global Jackfruit Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. Global Jackfruit Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Jackfruit Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Jackfruit Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Jackfruit Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Jackfruit Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Jackfruit Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Jackfruit Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Jackfruit Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Jackfruit Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Jackfruit Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Jackfruit Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Jackfruit Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Jackfruit Market Structure
Key Questions Answered in the Report
The market reached a value of USD 322.31 million in 2023.
The market is estimated to grow at a CAGR of 3.40% in the forecast period of 2024-2032.
By 2032, the market value is expected to reach USD 435.47 million.
The increasing consumption of jackfruit as an alternative to meat products, growing awareness pertaining to health benefits of jackfruit, and rising disposable income are the major drivers of the market.
The key trends in the jackfruit market include the thriving e-commerce sector and increasing inclination towards veganism.
Ripe jackfruit can be eaten raw similar to any other fruit.
Cheena, golden pillow, tabouey, black gold, and cochin, among others, are the different types included in the market.
Fresh consumption and processed are the segments of the market based on application.
Supermarkets and hypermarkets, specialty stores, retail stores, and online, among others are the different distribution channels included in the market report.
Cabefruit Produce LLC, The Jackfruit Company, Mother Dairy Fruit & Vegetable Private Limited, Kiril Mischeff Limited, and Samroiyod Corporation Ltd., among others, are the key market players, according to the report.
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