Jackfruit Market Growth Continues: Hits USD 290 Million Value in 2023, Expected CAGR of 3.6% by 2030

Jackfruit Market size is valued at around USD 260 million in 2023 and is projected to grow at a CAGR of around 3.6% during the forecast period 2024-2030.

NEW HAVEN, CONNECTICUT, UNITED STATES, August 16, 2024 /EINPresswire.com/ -- The Global Jackfruit Market size is valued at about USD 260 million in 2023 and is anticipated to grow at a CAGR of about 3.6% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The Global Jackfruit Market has grown significantly as a result of several factors, including the rising demand for natural and functional foods, increased awareness of environmental sustainability, increased investment and government support, an increase in the number of vegans and vegetarians, growing health benefits, rising disposable income, and more.

The primary factor propelling the jackfruit industry is the rise in vegan and vegetarian populations. As more individuals adopt plant-based diets for a range of reasons, including ethical, environmental, and health-related ones, the market for plant-based protein sources rises. Jackfruit is a nutrient-dense fruit that provides essential vitamins, minerals, and dietary fiber. This perfectly aligns with the health-conscious mindset of many vegans and vegetarians searching for wholesome and sustainable food options.