Papaya tastes very similar to cantaloupe melons or a more exotic version of a mango. There is a slight sweetness but it's not overly powerful. Ripe papaya has a buttery texture that melts in your mouth. The possible health benefits of consuming papaya include a reduced risk of heart disease, diabetes, cancer, aiding in digestion, improving blood glucose control in people with diabetes, lowering blood pressure, and improving wound healing.