Jackfruit Market Size, Share, Trends, Growth 2030

Jackfruit Industry Prospective:

The global jackfruit market size was worth around USD 327.41 million in 2022 and is predicted to grow to around USD 453.26 million by 2030 with a compound annual growth rate (CAGR) of roughly 4.17% between 2023 and 2030.

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Jackfruit Market: Overview

The jackfruit is a type of tree falling in the breadfruit, mulberry, and fig family. It is also known as the jack tree and is mostly cultivated throughout tropical regions across the globe. Some of the highest jackfruit-producing countries include Sri Lanka, Bangladesh, India, Australia, the Philippines, Malaysia, and Indonesia. Jackfruit trees bear the world’s largest fruit in comparison to all tree species. A completely mature jackfruit tree is known to bear around 200 fruit annually while older trees can produce up to 500 fruits that taste sweet when they ripe. Fruits produced by jackfruit trees are used in several cuisines around the world since unripe and ripe versions can be consumed alike by making changes to the final recipe. However, the most common and large-scale consumption of jackfruit-based recipes is observed in Southeastern and Southern countries. The edible pulp of jackfruit typically contains 74% water and provides 2% protein. Fat content is relatively low at 2%. Research indicates that jackfruit has been part of Indian cuisines for centuries going as far as 6000 years in the past. The market for jackfruit is expected to grow at a steady rate but may come across growth challenges.

Key Insights:

• As per the analysis shared by our research analyst, the global jackfruit market is estimated to grow annually at a CAGR of around 4.17% over the forecast period (2023-2030)
• In terms of revenue, the global jackfruit market size was valued at around USD 327.41 million in 2022 and is projected to reach USD 453.26 million, by 2030.
• The jackfruit market is projected to grow at a significant rate due to the growing awareness about the health benefits of jackfruit
• Based on application segmentation, food products was predicted to show maximum market share in the year 2022
• Based on distribution channel segmentation, supermarkets was the leading channel in 2022
• On the basis of region, Asia-Pacific was the leading revenue generator in 2022

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Jackfruit Market: Growth Drivers

Growing awareness about the health benefits of jackfruit may drive market growth

The global jackfruit market is expected to grow owing to the increasing awareness about the several health benefits of jackfruit. Research indicates that jackfruit may contain higher quantities of certain vitamins and minerals as compared to other more traditional and popular fruits such as avocados, bananas, and apples. Vitamins B and C are abundantly present in jackfruit. Moreover, the largest fruit is an excellent antioxidant owing to the presence of carotenoids that also impart a yellow color to the fruit. While more research is needed to determine the exact impact of jackfruit on serious illnesses, the regular consumption of jackfruit may help in preventing conditions such as heart disease and cancer. Since jackfruit is rich in terms of fibrous content, consuming the fruit can relieve bowel movement-related issues such as constipation. Other benefits include the prevention of ulcers and the management of blood sugar levels. As more people become aware of the several advantages of including jackfruit, in some form, in the overall diet, the market demand is expected to continue growing.

Rising popularity of Indian and South-Eastern cuisine globally to promote further growth

Jackfruit is a crucial part of Indian and South-Eastern cuisine. It is added to several curries owing to its versatility. It can also be stir-fried with other vegetables and consumed as a staple edible item. On the other hand, the sweet taste of jackfruit allows it to be added to desserts and snack items. Pickles made of jackfruit are extremely common in the Northern states of India. In recent times, the global culinary market has witnessed a steady rise in the popularity of Indian food items with numerous Indian restaurants opening in several parts of the world. Moreover, food tourism in India has also registered positive results. In 2022, the Indian food service industry was valued at USD 40 billion. A 2021 report suggested that Indian food is ranked among the top 10 culinary items in the world.

Jackfruit Market: Restraints

Jackfruit preservation during storage and transportation to restrict market growth

The global jackfruit market growth is expected to be restricted due to the issues faced in preserving jackfruit from deteriorating during storage and transportation. One of the major reasons for difficulties faced in preservation is due to the high moisture content of jackfruit making it highly vulnerable to be impacted by bacteria. Furthermore, if the product is frozen or canned, it may not necessarily work every time and the product may deteriorate after a while.

Jackfruit Market: Opportunities

Increasing launch of new jackfruit-based snacking items to create higher growth opportunities

The global jackfruit industry is expected to come across new expansion opportunities due to the increasing launch of new snacking products made of jackfruit. August 2023 witnessed the launch of vegan jerky produced by Jack & Friends. The plant-based item is made of pea protein and jackfruit. The product is expected to target the growing vegan population across the globe as it focuses on becoming a popular choice among the millennial urban population. In March 2023, Wakao Foods, an Indian alternate meat brand, launched Continental Burger Patty. The vegan-friendly food product is made of 53% jackfruit and is announced to deliver a texture similar to pulled meat. The company product provides more benefits as it offers a year-long shelf life along with zero requirements for refrigeration.

Growing number of vegan population will generate extensive expansion possibilities

The demand for jackfruit will likely reach new heights as the world witnesses a higher rate of growth in the number of people opting for a vegan lifestyle consisting of zero meat consumption. As people seek healthier alternatives to meat-based items, producers and suppliers of jackfruit will register more demand. As per the World Animal Foundation, currently, there are over 88 million vegans globally.

Jackfruit Market: Challenges

Limited production of jackfruit and changing international trading relationships to create growth challenges

The global jackfruit industry is projected to face challenges due to the limited production of jackfruit as it is currently produced mainly in selective countries. Moreover, the changing supply chain ecosystem across international borders may hamper smooth transactions associated with jackfruit-based products. Market players must remain wary of these changes and prepare for any potential discrepancies.

Jackfruit Market: Segmentation

The global jackfruit market is segmented based on application, distribution channel, type, and region.

Based on application, the global market segments are aroma, beverages, fresh consumption, confectionery, food products, and others. In 2022, the highest growth was observed in the food products segment led by the high use of jackfruit in several culinary forms across densely populated countries. The beverages segment was also a significant contributor since it is used to produce non-alcoholic and alcoholic drinks. Medical recommendations indicate that a cup of raw and sliced jackfruit contains around 739 mg of potassium.

Based on distribution channel, the jackfruit industry is divided into supermarkets, retail stores, online retail, and food & drink specialty stores.

Based on type, the global market is segmented into cochin, black gold, cheena, golden pillow, golden nugget, and others. The market is full of multiple varieties of jackfruit with each variant offering specific advantages. For instance, cochin jackfruit originates in India and is known for its sweet flavor. On the other hand, the Sri Lankan cheena variant is well-regarded for its texture. All types of jackfruit are equally significant since the market demand depends on several external factors. The fruit weight may reach as high as 120 pounds with a diameter of 20 inches and length of 35 inches.

Jackfruit Market: Report Scope

Jackfruit Market: Regional Analysis

Asia-Pacific to continue its dominance during the projection period

The global jackfruit market is currently dominated by Asia-Pacific and is expected to continue the same trend during the forecast period. Jackfruit is mostly commonly cultivated in Southern and South-Eastern parts of the world including India, Bangladesh, and Sri Lanka. India is the world’s largest exporter of jackfruit catering to the needs of countries such as the United States, United Kingdom, and United Arab Emirates. The region also has a high domestic demand for jackfruit since it is a staple item in several regional culinary items. The food & beverage companies have continued to explore the product by introducing snacking and other jackfruit-based items to capture a large part of the potential consumers. Additionally, Asia-Pacific has witnessed the emergence of several quick-service grocery-delivering online companies. In 2022, Swiggy, a major player in the food delivery market, entered the premium grocery service sector with the launch of Handpicked. Similar launches have become a recent trend in the food market. North America is a lucrative region with higher growth possibilities. The market will benefit from the growing rate of vegan population in the US and Canada.

Jackfruit Market: Competitive Analysis

The global jackfruit market is led by players like:

• Jackfruit365
• NatureLoC
• Madam Sun
• Artocarpus Foods Pvt. Ltd.
• Island Valley Delights
• Anna Food Products
• Nutty Yogi
• Mother Dairy Fruit & Vegetable Pvt. Ltd.
• The Jackfruit Company
• Frubites

The global jackfruit market is segmented as follows:

By Application

• Aroma
• Beverages
• Fresh Consumption
• Confectionary
• Food Products
• Others

By Distribution Channel

• Supermarkets
• Retail Stores
• Online Retail
• Food & Drink Specialty Stores

By Type

• Cochin
• Black Gold
• Cheena
• Golden Pillow
• Golden Nugget
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa