Durian Fruit Market: Current Scenario & Growth Opportunities, 2025
The
global Durian Fruit Market size is expected to reach USD
28.6 billion by 2025, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 7.2% over the forecast period. Growing demand for
cross-cultural cuisine due to expansion of the tourism industry is expected to
remain a key driving factor for this exotic tropical fruit. In addition,
increasing awareness regarding the health benefits of durian, such as cancer
prevention, blood sugar maintenance, anti-aging, anti-oxidant, and
antidepressant features, has been fueling the demand for the product across the
globe.
Frozen
pulp and paste form of the product held the largest share of more than 70.0% in
2018 in terms of revenue. The segment is anticipated to witness the fastest
growth from 2019 to 2025. Rising application of the product in the food
industry as an exotic flavor have been widening the durian fruit market scope
over the world. Furthermore, the producers of ice cream, yogurt, pizza, and
coffee have been incorporating the product as a flavoring ingredient in the
formulation of food items.
Asia
Pacific dominated the industry with 96.0% share of the total revenue in 2018.
Thailand and Malaysia are the major producers of the product in the world. In
terms of consumption, Malaysia, Indonesia, Thailand, China, Singapore, Hong
Kong, Taiwan, and Vietnam are the key consumers in this region.
Online
distribution channel is expected to witness the fastest growth from 2019 to
2025. This growth is attributed to increasing penetration of smartphone users
at a global level. Furthermore, increasing visibility of e-commerce platforms
as a key buying window among consumers, which offers various value-added
services, along with the finished goods, is expected to remain a favorable
factor in the near future.
Key
competitors of this industry include Charoen Pokphand Group, Sunshine
International Co., Ltd., Chainoi Food Company Limited, Thai Agri Foods Public
Company Limited, Interfresh Co., Ltd., TRL (South East Asia) Sdn Bhd, Top
Fruits Sdn Bhd, Hernan Corporation, and Grand World International Co., Ltd.
Further
key findings from the report suggest:
- By product, frozen pulp
and paste held the largest share of more than 70.0% in 2018
- Supermarkets and
hypermarkets accounted durian fruit market for a revenue share of
exceeding 45.0% in 2018. The online channel is expected to expand at the
fastest CAGR of 9.3% from 2019 to 2025 in terms of revenue
- Demand in Asia Pacific is
expected to be 2.6 million tons by the end of 2025. In the APAC region,
Malaysia generated a revenue of USD 4.2 billion in 2018.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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