Jicama Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Global Jicama Market: Snapshot
Products in the global jicama market i.e. the jicama fruit has a brown skin and features white flesh with delicate and slightly sweeter flavor profile. Their skin is considered fairly thin, while the flesh inside is juicy and nourishing. Products in the global jicama market are widely used in salads, side dishes, and can also be incorporated in certain dessert dishes to add an additional crunchy texture. These products in the global jicama market feature long shelf life and can be stored for extended periods of time without requiring storage in the refrigerator.
Also known as the ‘Mexican potato’ or ‘yam bean’, products in the global jicama market are available all year round. They receive high demand owing to their nutrition rich nature and are incorporated in various cuisines worldwide. However, fluctuating prices of the produce in the global jicama market may hinder the industry’s growth in coming years. Players in the global jicama market are focusing on their fastest growing segments in order to negate the adverse impacts caused by the COVID-19 pandemic on the global jicama market.
Rising demand for organic food products is also positively affecting the traction in global jicama market. Organic products provide more health benefits as compared to traditional jicama fruits, hence the demand for organic products is surging in the global jicama market. Furthermore, the jicama fruit does not require any kind of insecticides or pesticides during the process of cultivation. This trend is also attracting consumer attention in the global jicama market.
Players and cultivators in the global jicama market are focusing their efforts on increasing their production capacities in order to meet the rising demand from the consumers. This rising production as well as supplementary export and import trades pertaining to the industry are expected to bolster the demand in global jicama market in coming years.
Global Jicama Market: Overview
The jicama market is expected to enjoy a steady growth in the near future, thanks to the rising consumer awareness regarding health benefits of jicama.
Jicama is a special fruit that is mainly grown in region. It is a rich source of potassium, vitamin and magnesium. Owing to this, it helps in maintaining blood pressure and reduces blood vessels and arteries blockage. The fruit is greatly advisable to those having cardiovascular problems. Along with this, regular consumption of jicama is good for the brain and increases brain function and cognitive abilities.
Global Jicama Market: Notable Developments
Some of the notable developments in the global jicama market are –
Researchers in the jicama market have found that Acid thinned jicama starches could be a better fat substitute in stirred yogurt. This is expected to increase application scope of jicama.
Similarly, researchers also found that freshness of jicama last long when kept at 13C and 20C. At this temperature they maintain good external visual quality and a white crisp pulp. This will help manufacturer offer fresh jicama to consumers.
Global Jicama Market: Key Trends
The global jicama market is expected to rise at a significant rate in the coming few years. One prominent growth drivers in the global jicama market is increasing awareness among consumers. This is increasing the demand for jicama globally. The players in the jicama market have responded equally by increasing production.
Apart from this, increasing production of jicama globally is another strong factor expected to drive the global jicama market.
However, despite several opportunities and drivers, growth in the jicama market is likely to hamper owing to the fluctuating price of jicama. This is because price fluctuation directly affect process of end products made from jicama as well. This will influence growth negatively in the jicama market during the forecast period.
Nevertheless to overcome these restrain factors, players in the jicama market are coming up with new concepts such as launch to new organic jicama products. This is expected to raise demand for jicama among consumers.
Further, government agencies across the global are promoting organic food products so as to encourage farmer to indulge in chemical free farming. The increasing health consciousness among consumers is a prominent factor expected to proper the global jicama market during the forecast period.
Global Jicama Market: Regional Outlook
The global jicama market is divided into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all these region, North America is expected to hold maximum share in the coming few years. This is mainly due to the presence of several prominent players in the region. The revenue generated by these players in the region will fuel growth in the region.
Some of the most prominent competitors operating in the competitive landscape of global jicama market include –
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