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.
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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.