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

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.