The study, which is based both on desk research and multiple waves of qualitative primary research, is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the jackfruit industry in any manner.
Jackfruit refers to an exotic fruit, usually grown in tropical regions of the world, and belongs to the Moraceae plant family. It has a subtle sweet, and fruity flavor. Jackfruit is highly rich in potassium which can help the consumer in lowering blood pressure and minimizing the risk of heart diseases, strokes, and bone loss. In addition, the high vitamin C content of jackfruit assists in protecting the skin from sun damage. Furthermore, it is also used as a meat substitute by vegetarians due to its texture. As a result, it is widely used across the food and beverage sector across the globe.
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The escalating usage of jackfruit in several food dishes, such as chips, candies, jams, soup, ice cream, etc., is primarily driving the global jackfruit market. In addition to this, the key market players are introducing innovative jackfruit-flavored dishes such as jams, jellies, squashes, chutney, etc., which is further providing lucrative growth opportunities to the overall market. Furthermore, the growing awareness regarding the several health benefits associated with the consumption of jackfruit is also augmenting the market growth.
Apart from this, the rising adoption of jackfruit in manufacturing vegetarian meat, as it has a meat-like texture, is acting as another significant growth-inducing factor. Moreover, the easy product availability on both online and offline retailing channels is also creating a positive outlook for the global market. Additionally, several other factors, including an increasing number of quick-serving restaurants, growing preferences for continental cuisines, and the inflating disposable income of consumers, are anticipated to propel the global jackfruit market in the coming years.
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