Jackfruit Market Scope, Size, Share, Trends, Forecast 2031

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Jackfruit Market: Overview

Jackfruit is an exotic fruit that is extensively cultivated in countries such as Nepal, Indonesia, Thailand, Malaysia, and the Philippines. Jackfruit provides numerous health benefits such as immunity-boosting, antioxidant protection, anti-inflammatory, and many others. The use of jackfruit in various applications in food items such as jam, candy, ice cream, jellies, squashes, and many others might propel the growth of the jackfruit market and is expected to rise at a substantial CAGR during the forecast period of 2021-2031.

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The team of analysts at TMR provides an in-depth analysis of the current market trends, drivers, prevailing opportunities, and pockets of investment in the jackfruit market. It focuses on the quantitative analysis of the global jackfruit market and throws light upon the competitive landscape coupled with industrial insights. The key players are profiled to have a clear picture of the recent developments in the jackfruit market. The onset of COVID -19 has affected the entire world and changed the market dynamics. This exhaustive report assists the stakeholders to understand the current market scenario and take decisions accordingly. The report covers recent trends, developments, competitive landscape, and geographical outlook for a detailed analysis of the jackfruit market for the forecast period as mentioned above.

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Jackfruit Market: Key Trends and Opportunities

The meat-like texture of jackfruit is popular across the globe. Hence, it is used as a plant-based meat alternative by the growing vegan population. This aspect has created opportunities for vegan food manufacturers. Further, the health benefits provided by consumption of jackfruit such as anti-cancer properties. healthy skin maintenance, asthma control, bone strengthening, and prevention from anemia. The increase in awareness about the health advantages of jackfruit will drive the jackfruit market in the forthcoming years. Jackfruit flavor is also used widely in sweets, ice-creams, jams, jellies, cake, and many other products. In addition, it is used in culinary preparations such as cutlets, pulao, papad, and many more. It is also used in pulps and beverages such as wine and mocktails. Furthermore, various food manufacturers are preferring the use of jackfruit in their products owing to its increasing popularity. These factors are anticipated to be growth boosters for the jackfruit market.

The COVID-19 pandemic has increased online and e-commerce purchases, so the consumers find multiple options based on fruit nutrition and it has been observed that jackfruit products are in great demand due to their health benefits and rich flavor. Additionally, shopping in supermarkets is one of the popular trends where products are displayed and advertised. This aspect is expected to trigger the growth of the jackfruit market.

Jackfruit Market: Regional Prospects

Despite the richness, jackfruit has unlimited benefits coupled with opportunities to expand across the globe. Based on region, the jackfruit market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Owing to the availability of jackfruit in the south and Southeast Asia regions the jackfruit market is likely to flourish rapidly in these regions. Huge investments are being made by players across the globe due to the rising awareness about nutritional benefits of fruits. Also, jackfruit is used as a vegan substitute for meat and has gained popularity due to its use as toppings for pizza in various restaurants across the globe. This aspect may promote a substantial growth of the global jackfruit market.

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Jackfruit Market: Competition Insights

A sea-change in consumer outlook toward the environment is influencing the advancements in the jackfruit market. Research and development activities to introduce natural ingredients with more efficiency in the food and beverage industry may also boost the growth rate of the jackfruit market greatly. The great use of social media to promote the consumption of jackfruit is also acting as a growth generator for the jackfruit market. A considerable chunk of the population takes the help of online research to choose food products of their choice. With the use of attractive marketing campaigns, the players in the jackfruit market are maintaining their market dominance.

Key players involved in the jackfruit market are The Jackfruit Company, Artocarpus Foods Pvt. Ltd., Anna Food Products, Mother Dairy Fruit & Vegetable Pvt. Ltd., Nutty Yogi, and many others.