USD 42.17 million
Fox Nuts Market Size, Share, Growth Analysis, By Application(industrial and direct human consumption), By Distribution channel(Online and offline), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2186 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
59
|Figures:
75
Fox Nuts Market Insights
Global Fox Nuts Market size was valued at USD 42.17 million in 2022 and is poised to grow from USD 45.71 million in 2023 to USD 87.15 million by 2031, at a CAGR of 8.40% during the forecast period (2024-2031).
Fox nuts, sometimes referred to as lotus seeds or gorgon nuts in some regions, have a number of health advantages, including a low glycemic index, low blood pressure, and a reduction in the incidence of chronic inflammation. It also helps to balance stress levels and remove toxins from the human body.
As an alternative to unhealthy snacks like popcorn or fried chips, people eat lotus seeds. It is anticipated that a growth-inspiring aspect will continue to be the growing popularity of these items among both children and adults in nations including India, China, Japan, South Korea, Singapore, and Thailand.
This rise in consumption can be ascribed to people's changing lifestyles and increased health consciousness. Additionally, it is anticipated that within the next several years, the food and beverage sector will use fox nuts as a functional ingredient due to their high protein and low fat content. Dried fruits and nuts like almonds, cashews, and walnuts were once thought of as a healthy alternative for snacking, as were raisins, prunes, dates, apricots, and figs.
This is due to their great nutritional value and advantages as a quick on-the-go snack. However, studies have continued to highlight the drawbacks of consuming excessive amounts of dried fruits due to their high calorie and sugar content.
With this knowledge, consumers are now switching to superior substitutes, creating a profitable potential for the market for lotus seeds.
US Fox Nuts Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Online
Fastest Growth
Online
Growth Rate
8.40% CAGR
Global Fox nuts market, 2022-2030($Bn)
country share region for Asia Pacific region, 2022(%)
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Fox Nuts Market Segmental Analysis
The fox nut market is divided into three categories based on the product, distribution method, and application. The market is divided into industrial and direct human consumption on the basis of application. The Fox Nuts Market is divided into online and offline segments based on the distribution channel. The fox nut market is further divided into inorganic and organic product categories. Based on Region Fox Nuts Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Fox Nuts Market Analysis by Application
The market is divided into industrial and human consumption segments based on application. Due to the rising trend of ready-to-eat food products, the human consumption category is predicted to grow at the fastest rate over the projection period. Additionally, households' appetite for wholesome food is expanding quickly.
Fox Nuts Market Analysis by Distribution Channel
The market is divided into online and offline based on distribution channels. Due to increased internet usage and the popularity of smartphones and tablets, the online sales channel category is predicted to grow at the greatest CAGR throughout the projection period.
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Fox Nuts Market Regional Insights
Asia-Pacific dominates the fox nuts market due to rising production and sales, rising proximity to lotus seed cultivation farms in emerging economies, rising consumer inclination to follow a healthy lifestyle, and rising government support and profitability in fox nuts cultivation in this region.The Asia Pacific region consumes the most fox nuts, with India, Japan, China, Thailand, and South Korea producing and selling the most. The close proximity of lotus seed cultivation in these regions has contributed to this region's dominance. The most important markets for fox nuts are China, South Korea, India, and Japan.
The global fox nuts market has been driven by a strong customer base and high demand for fox nuts. Europe is the second largest region in terms of fox nut market growth, owing to increased production of high-quality fox nuts in this region. North America is the expected region for growth in the fox nuts market due to increased awareness of the benefits of fox nuts such as lowering high blood pressure, diabetes, chronic inflammation, and body stress, as well as a rising inclination of consumers in this region to follow a healthy lifestyle.
Global Fox nuts market size by geography, 2022-2030($Bn)
- Largest
- Fastest
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Fox Nuts Market Dynamics
Fox Nuts Market Drivers
Vegan Culture to Bolster Fox Nuts Demand in Global Market
- One of the primary factors driving the global fox nut market growth is the growing vegan population. The number of people who choose to live a vegan lifestyle is increasing as people become more aware of the health benefits of a vegan diet. Veganism is gaining traction in North American countries such as the United Kingdom and the United States. Veganism is practised by approximately 3% of the UK population. As a result, the growing global vegan population will aid in the expansion of the global fox nuts market over the forecast period.
- New varieties and healthy snack trends are driving market growth. Consumption of nutritious foods and healthy snacks is rapidly increasing as per capita income and urbanisation rise. Fox nuts are among the most popular healthy snacks, with an increasing number of consumers and new varieties. Because of the overall growth of the fox nut market, roasted and popped, also known as the next popcorn, are in high demand.
Fox Nuts Market Restraints
High Health Risks to Hinder Market Growth
- Everything in excess is undesirable, including fox nuts. Fox Nuts are consumed in such large quantities that it causes constipation, bloating, allergies, and digestive problems. However, it has a detrimental effect on the worldwide market's trajectory of expansion.
- The Asia Pacific region is a major producer of fox nuts, which are then exported to other parts of the world. The announcement of global lockdowns and trade restrictions, however, has made it difficult to transport and distribute fox nuts as a result of the coronavirus epidemic.
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Fox Nuts Market Competitive Landscape
K.K. Products, Manju Makhana, Sattviko, Maruti Makhana, and Shakti Shudha are important industry participants. To increase their market share, these businesses have been putting their efforts into creating new items. Over the projection period, new business opportunities are expected to arise due to the substantial consumer base for nut meals and goods in developed nations like Germany, Italy, and France.
Fox Nuts Market Top Player's Company Profiles
- Nijjer Agro Foods Ltd.
- K.K. Products
- Maruti Makhana Udyog
- Janta Makhana Bhandar
- Swami Makhana Products Pvt. Ltd.
- SHS Foods
- National Farms & Foods
- Maakhan Bhog Pvt. Ltd.
- Green Rootz
- Shree Govind Traders
- Welling Agro Foods
- Shri Ram Trading Company
- Shruti Trading Company
- Satyendra Narayan Foods Pvt. Ltd.
- Ratiram Satyanarayan Mahajan & Sons
- Rajdhani Makhana Udyog
- Nijjer Foods Pvt. Ltd.
- Minaxi Foods
- Madan Lal Sohan Lal & Co.
- Gopala Fresh Produce Pvt. Ltd.
Fox Nuts Market Recent Developments
- Ceres Global Ag Corp. declared in February 2024 that it has signed an exclusive contract to develop and implement regenerative agriculture projects in tandem with Grupo Trimex, the biggest flour miller in Mexico.
- Bettera Brands, a portfolio business of Highlander Partners, a private investment group, announced in September 2023 that it would be purchasing Nutravail.
Fox Nuts Key Market Trends
- Fox nuts have become a popular snack among people due to their high potassium, zinc, protein, magnesium, phosphorus, carbohydrate, and many other minerals and vitamins. People's health consciousness is increasing significantly. Consumer eating habits have also changed dramatically in recent years. As a result, fox nuts have emerged as a prominent solution to cater to such a changing market landscape and growing trend of healthy snacking.
- Fox nuts are also a good source of fibre, whole grains, and proteins, which expands the customer base of the nutritional snack segment. It is predicted that snacks, particularly those marketed for health benefits, will experience rapid growth in the global market. In today's market, people are looking for fresh, natural, and healthy snacks.
Fox Nuts Market SkyQuest Analysis
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Rising internet proliferation, e-commerce, and an increase in online sales platforms are essential vital factors escalating market growth. Additionally, better availability of product specifications and manufacturing details, as well as other relevant information about the crop's origin, has resulted in superior product transparency in the market, which in turn increases demand for the product, rising competitive pricing, and several discount offers. One of the major impediments to the global fox nuts market's growth is the adverse effects of fox nuts, such as allergies, gastrointestinal problems, and higher insulin levels. Eating too many fox nuts can cause constipation and bloating. Pregnant women and diabetics should seek medical advice before consuming fox nuts. Such factors are expected to stifle market growth during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 42.17 million |
| Market size value in 2031 | USD 87.15 million |
| Growth Rate | 8.40% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Fox Nuts Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Fox Nuts Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Fox Nuts Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Fox Nuts Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Fox Nuts Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Fox Nuts Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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