Jicama, also known as Mexican turnip, is a vine, majorly grown in Mexican region, famous for its roots which are consumed as a delicacy in Central America and other regions. The fruit is rich in vitamin, potassium, and magnesium. Due to these properties it is known to decrease blockage in arteries and blood vessels, and keeps a check on blood pressure. Moreover, jicama is also known to be good for cognitive abilities and brain functioning.
The global jicama market is relied upon to develop at a noteworthy rate in the coming couple of years. One noticeable development factors in the global jicama market is expanding awareness among shoppers. This is encouraging demand for jicama, globally. The players in the jicama market have reacted similarly by expanding the production. Besides, growing demand of jicama is another factor expected to drive the global jicama market.
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Fluctuating Price of Fruit to Hinder Market Growth
Nevertheless, in spite of various drivers, development in the jicama market is probably going to be hampered attributable to the fluctuating price of jicama. This is on the grounds that chance in cost directly influence procedure of final product produced using jicama. This, hence, is likely to impact development contrarily in the jicama market during the coming years.
The global jicama market is classified as Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. Among these, North America region is estimated to hold biggest share in the coming couple of years. This is for the most part because of the emergence of a few noticeable players in the mentioned region. The income produced by these players is likely to boost the development in North America jicama market.
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The competitive landscape of the global jicama market is expected to be highly fragmented attributable to the presence of several players. These players are concentrating on mergers and acquisition strategies to remain ahead in the market.