Enjoy complimentary customisation on priority with our Enterprise License!
The jicama market size is forecast to increase by USD 3.76 billion, at a CAGR of 8.5% between 2024 and 2029. The market is characterized by growing consumer interest in health-conscious food choices, driving demand for this nutritious root vegetable.
Major Market Trends & Insights
Market Size & Forecast
The dynamic nature of the market is characterized by the continuous evolution of various aspects, including seed production, transportation, distribution, acreage, traceability, harvesting, sustainability, growth stages, food safety, pest control, farming techniques, cultivation, and processing. These elements interconnect and unfold in an ongoing manner, shaping the market landscape. Seed production undergoes constant advancements, with farmers exploring innovative techniques to enhance yields and improve quality. Transportation and distribution networks adapt to meet changing consumer demands and market conditions, ensuring timely delivery of jicama to various sectors. Acreage expansion and contraction respond to market dynamics, with farmers adjusting production levels based on demand and economic factors.
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample
Traceability systems continue to evolve, enabling greater transparency and accountability throughout the supply chain. Harvesting techniques advance to minimize damage and optimize quality, while sustainability initiatives gain traction, focusing on reducing environmental impact and improving social responsibility. Growth stages are closely monitored to ensure optimal maturity and consumer satisfaction. Food safety remains a top priority, with ongoing research and development in this area driving industry best practices. Pest control strategies adapt to emerging threats, while farming techniques and cultivation methods are refined to maximize yields and efficiency. Processing technologies continue to evolve, with a focus on preserving jicama's unique texture and flavor while extending its shelf life. The organic segment is the second largest segment of the product and was valued at USD 3.09 billion in 2023.
Market trends and consumer preferences shape the development of new products and applications, keeping the industry on its toes. The market's continuous dynamism is further influenced by various factors, including sustainability initiatives, food safety regulations, and innovation in farming and processing techniques. These elements interplay, creating a complex and ever-evolving market landscape that demands ongoing attention and adaptation.
Jicama's unique attributes, including its high water content, fiber, and vitamin C, make it an attractive alternative to traditional snack options. The increasing preference for organic produce is further fueling market growth, as consumers seek out natural, additive-free food items. However, the market faces challenges in the form of price volatility. The fluctuating price of jicama poses a significant hurdle for both producers and retailers, necessitating effective supply chain management and price risk mitigation strategies. To capitalize on the market's potential, companies must focus on optimizing their supply chain operations, exploring alternative sourcing options, and implementing pricing strategies that cater to the evolving consumer landscape.
By addressing these challenges and leveraging the growing demand for healthier food alternatives, market participants can effectively capitalize on the opportunities presented by the market.
The jicama industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The conventional segment is estimated to witness significant growth during the forecast period. The segment was valued at USD 3.85 billion in 2023. It continued to the largest segment at a CAGR of 9.53%.
The market is experiencing significant growth in 2024, fueled by increasing consumer awareness of its health benefits and versatility in culinary uses. Jicama, with its high fiber content and essential nutrients, has gained popularity among health-conscious consumers, driving demand. New products incorporating jicama as a key ingredient are being introduced to cater to evolving consumer preferences, further expanding the market. The production, export, and import of jicama, particularly in regions like Asia-Pacific and North America, are supporting market growth. However, concerns regarding pesticide and insecticide residues in conventionally cultivated jicama pose a challenge, as these residues can impact consumer trust and demand.
Jicama breeding programs continue to innovate, developing new varieties to meet consumer preferences and improve yield. Jicama cultivation techniques, such as proper fertilization and soil requirements, ensure optimal growth and high-quality produce. Jicama processing methods, including preservation and storage, extend the shelf life and maintain the freshness of the root vegetable. Jicama's nutritional profile and health benefits have made it a popular substitute for other root vegetables. Its mild, sweet taste and crunchy texture make it a versatile ingredient in various culinary uses, from salads and stir-fries to baked goods and desserts. Jicama recipes continue to evolve, reflecting its growing popularity and consumer demand.
Jicama's economic impact is significant, with large-scale commercial production and distribution networks in place. Quality control measures and certifications ensure the consistency and safety of the produce. Jicama's climate requirements and transportation challenges are addressed through advanced farming techniques and logistics solutions. Despite its growing popularity, jicama faces competition from other root vegetables and substitutes. Its market share is influenced by factors such as pricing, consumer preferences, and regulations. Jicama's sustainability and environmental impact are also becoming increasingly important considerations for consumers and producers alike. In conclusion, the market is experiencing steady growth in 2024, driven by increasing consumer awareness of its health benefits and versatility in culinary applications.
New product developments, evolving consumer preferences, and expanding production and distribution networks are supporting market expansion. However, concerns regarding pesticide and insecticide residues and competition from other root vegetables and substitutes pose challenges that the industry must address to maintain growth and consumer trust.
The Conventional segment was valued at USD 3.12 billion in 2019 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 41% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
In the North American market, jicama's popularity continues to rise in 2024 due to increasing consumer health consciousness and the growing preference for organic and plant-based foods. Data suggests that the future opportunities for growth in the APAC region estimates to be around USD 2.31 billion. The US and Canada are major contributors to the market, with the US being the largest global importer. Consumers are increasingly seeking natural, unprocessed ingredients, shunning synthetic additives and refined foods due to health concerns such as diabetes, obesity, and gluten sensitivity. Jicama, with its nutritious profile and versatility, is gaining favor. The vegan population's expansion in the US is another significant market driver. Jicama's breeding programs focus on improving yield, taste, and texture.
Preservation methods ensure long shelf life, while retailers prioritize quality control and labeling. Jicama's culinary uses range from raw salads to cooked dishes, and it can be a substitute for potatoes or yams. Its cultivation requires specific soil conditions and farming techniques, and pest control and disease management are crucial. Jicama's processing involves peeling, slicing, and packaging, while its byproducts include flour and syrup. Regulations govern its import, export, and production volume. Sustainability and traceability are essential in jicama's supply chain, from planting density and seed production to transportation and distribution. Jicama's growth stages, from planting to harvesting, are closely monitored for optimal yield and quality.
Food safety and innovation are ongoing concerns, with research focusing on irrigation, genetic modification, and waste management.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The jicama market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the jicama market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, jicama market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Asia Seeds - The company specializes in the production and distribution of various edible roots, including jicama, Mexican yam bean, potato, and ahipa. These roots offer unique textures and flavors, making them popular ingredients in international cuisines. As a research analyst, I've observed the company's commitment to sustainable farming practices and its expansion into new markets. Their product offerings cater to the growing demand for diverse and healthful food options.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Jicama Market insights. See full methodology.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
214 |
|
Base year |
2024 |
|
Historic period |
2019-2023 |
|
Forecast period |
2025-2029 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 8.5% |
|
Market growth 2025-2029 |
USD 3759.6 million |
|
Market structure |
Fragmented |
|
YoY growth 2024-2025(%) |
7.7 |
|
Key countries |
US, Japan, Germany, France, China, Canada, UK, India, Australia, and South Korea |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this jicama market research report to meet your requirements.
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by Distribution Channel
10 Market Segmentation by Application
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
