Global Fox Nuts Market

Fox Nuts Market Size, Share, Growth Analysis, By Application(industrial and direct human consumption), By Distribution channel(Online and offline), By Region - Industry Forecast 2025-2032


Report ID: SQMIG30I2186 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 59 | Figures: 75

Fox Nuts Market Insights

Fox Nuts Market size was valued at USD 45.71 Million in 2023 and is poised to grow from USD 49.55 Million in 2024 to USD 94.47 Million by 2032, growing at a CAGR of 8.40% during the forecast period (2025-2032).

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.

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FAQs

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).

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. '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.'

One of the primary factors driving the 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 vegan population will aid in the expansion of the fox nuts market over the forecast period.

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.

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.

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Global Fox Nuts Market

Report ID: SQMIG30I2186

$5,300
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