Jackfruit Market: Unraveling the Potential of New Materials and Manufacturing Processes by 2028 | TechSci Research

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According to TechSci Research report, “Global Jackfruit Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Jackfruit Market stood at USD 302.92 million in 2022 and is anticipated to grow with a CAGR of 4.12% in the forecast period, 2024-2028. The Global Jackfruit Market is experiencing significant growth, driven by various factors. The market is fueled by the increasing demand for plant-based and vegan products, as jackfruit’s versatility makes it a popular meat substitute. Sustainability is a key driver, with jackfruit’s minimal cultivation requirements and environmental benefits resonating with eco-conscious consumers. The market is diversifying with an array of jackfruit-based products, from fresh to processed options, appealing to a broad audience. The global expansion of jackfruit into various cuisines and the growing awareness of its potential are further propelling market growth. Challenges such as supply chain limitations, seasonal availability, consumer education, and competition also influence the market’s dynamics.

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One of the primary drivers of the global jackfruit market is the increasing demand for plant-based and vegan products. As more consumers seek healthier and environmentally friendly dietary options, jackfruit has emerged as an attractive choice. Its fibrous and meat-like texture, coupled with a relatively neutral taste, positions it as a credible meat substitute in vegetarian and vegan dishes. The versatility of jackfruit allows it to be used in a variety of culinary applications, such as pulled “pork” sandwiches, tacos, and curries. This versatility has contributed to its incorporation in various cuisines, both traditional and modern, appealing to a wide range of dietary preferences.

Sustainability and environmental awareness are significant drivers in the global jackfruit market. Jackfruit’s environmental friendliness makes it a compelling food source. Jackfruit trees, known for their minimal input requirements, can thrive in diverse tropical regions, offering consistent fruit production throughout the year. Additionally, jackfruit trees contribute to carbon sequestration and help maintain soil fertility, making them valuable assets in regions susceptible to adverse weather conditions. These sustainability factors resonate with consumers looking for eco-friendly food choices and align with global efforts to combat climate change through sustainable food systems. The market has seen an expansion in product offerings, including jackfruit-based meat alternatives, snacks, and convenience foods. The availability of diverse jackfruit products, such as canned, frozen, and fresh options, has made it accessible to a wide range of consumers. Companies have capitalized on this versatility, developing a wide array of jackfruit-based products, from jackfruit “meat” offerings to snacks and convenience foods. These products aim to replicate the taste and texture of meat, making them appealing to both vegetarians and meat-eaters looking to reduce their meat consumption. The convenience of these products has accelerated their adoption, particularly in the fast-growing market for plant-based meat alternatives. Innovations in food processing technology have enabled the preservation of jackfruit’s unique texture and flavor, further contributing to its market growth.

Jackfruit Is Way More Than a Meat Alternative | McCormick

The integration of jackfruit into traditional and Western cuisines has played a pivotal role in driving the global jackfruit market. In its native regions, such as India and Southeast Asia, jackfruit has been a staple food and used in various traditional dishes. Its adaptability to different culinary practices has expanded its market appeal in these areas. Outside its native regions, jackfruit has gained traction in Western countries, where it is increasingly featured in restaurants, food trucks, and home kitchens. The ability to transform jackfruit into meat-like dishes has made it a favored ingredient for vegans and vegetarians seeking familiar flavors and textures. Jackfruit’s rise to fame in Western cuisines is attributed to its use in dishes like BBQ jackfruit sandwiches, jackfruit tacos, and jackfruit curry, which cater to a wide range of consumer preferences. Additionally, as consumers become more adventurous in their culinary choices and seek new and exotic flavors, jackfruit’s inclusion in menus and recipes adds an element of novelty and intrigue.

Despite the growth and opportunities in the global jackfruit market, it faces several notable challenges. One key challenge is related to the limitations in its supply chain. Jackfruit is primarily grown in South and Southeast Asia, which can lead to supply chain disruptions due to extreme weather events, pests, and diseases affecting jackfruit trees. This geographic concentration makes the market vulnerable to supply fluctuations, impacting pricing and overall market stability. Furthermore, limited infrastructure and transportation options in some jackfruit-producing regions can affect the distribution of the fruit, resulting in quality deterioration during transit and increased costs.

The global jackfruit market is segmented into type, application, sales channel regional distribution, and company.

Based on application, the market is segmented into fresh consumption, processed.

The processed segment is emerging as the fastest-growing segment in the Global Jackfruit Market. Processed jackfruit products, including ready-to-eat jackfruit chunks, pulled jackfruit, and jackfruit-based meat alternatives, are gaining traction due to their convenience and versatility. These products cater to the demand for plant-based and vegan options, offering a meat-like texture and flavor. The processing technology innovations ensure that the unique characteristics of jackfruit are preserved in various dishes, driving their popularity among consumers seeking sustainable, ethical, and convenient food choices. The processed segment’s growth reflects the increasing integration of jackfruit into diverse culinary applications and its expanding consumer base.

Major companies operating in Global Jackfruit Market are:

  • Cabefruit Produce LLC
  • The Jackfruit Company
  • Mother Dairy Fruit & Vegetable Private Limited
  • Kiril Mischeff Limited
  • Anna Food Product
  • Artocarpus Foods Pvt. Ltd.
  • Island Valley Delights
  • Madam Sun
  • Jackfruit365
  • Samroiyod Corporation Ltd.

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“The Global Jackfruit Market is witnessing significant growth due to rising demand for plant-based and vegan products, aligning with sustainability and ethical food choices. Jackfruit’s adaptability and ability to mimic meat textures drive its popularity in various cuisines. Product diversification, including jackfruit-based meat alternatives and snacks, adds to its appeal. The integration of jackfruit into both traditional and Western dishes is expanding its global presence. However, the market faces challenges, such as supply chain limitations, seasonal availability, and the need for consumer education. Despite these challenges, the market is expected to continue its growth trajectory, fueled by evolving consumer preferences and environmental consciousness.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Jackfruit Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Cheena, Golden Pillow, Tabouey, Black Gold, Cochin, Others), By Application (Fresh Consumption, Processed), By Sales Channel (Supermarkets/Hypermarkets, Specialty Stores, Retail Stores, Online, Others), By Region, By Competition, 2018-2028”, has evaluated the future growth potential of Global Jackfruit Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Jackfruit Market.

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