Organic Farming Market - Forecast (2022 - 2027)

• The Jackfruit Market size is estimated to reach $359.1 million by 2026, growing at a CAGR of 3.3% during the forecast period 2021-2026. Jackfruit, also known by its scientific name Artocarpus heterophyllus, is a tree fruit that grows in tropical regions of South Asia, Southeast Asia, Africa, Brazil, and the Caribbean.

• The inflorescences are formed on the trunk, branches, or twigs of the tree, and the ovaries of these flowers fuse together to develop the fruit. Ripe Jackfruits are naturally sweet and, therefore, used in a variety of dishes. Moreover, jackfruits are also used as a strong aromatic substance owing to the presence of compounds such as ethyl isovalerate and propyl isovalerate. The market is driven by the rise in the use of Jackfruit flavored food dishes by manufacturers.

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Key Takeaways

• Geographically, the Asia Pacific region accounted for the highest revenue share in 2020. It is poised to dominate the Jackfruit market over the period 2021-2026 owing to the high popularity of the fruit in the region and the presence of a favorable climate for its cultivation.

• An increase in awareness of the health benefits provided by jackfruits such as cardiovascular health, immunity boost, and anti-inflammatory properties are driving the market. However, the dearth of adequate storage facilities for these perishable fruits act as a significant challenge to the Jackfruit market.

• Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Jackfruit Market report.

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By Distribution Channel- Segment Analysis

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On the basis of Distribution, the Jackfruit market is segmented into Online Retail, Retail Stores, Supermarkets, and Food & Drink Specialty Stores. The Supermarket segment accounted for the largest share of the market in 2020 owing to their rapid expansion in major developing regions and their high penetration in developed countries. The large size of Supermarkets allows them to house a wide variety of jackfruit products which is not possible for specialty stores. Moreover, they have temperature-controlled shelves to ensure the jackfruit products remain fresh for a longer duration. The E-commerce segment is predicted to be the fastest growing during the forecast period with a CAGR of 3.8% owing to the increase in the use of smartphones and rise in awareness regarding online shopping.

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