Fox Nuts Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Nature, by Application, by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2021-2031

Fox Nuts Market Research, 2031

The global fox nuts market size was valued at $38.90 million in 2021, and is projected to reach $87.10 million by 2031, growing at a CAGR of 8.4% from 2022 to 2031.

Fox nut is popularly known as lotus seed or makhana. It is derived from the plant known as Euryale Fox that grows in Eastern Asia. It is a healthy snack, which helps to reduce the weight and provides numerous benefits such as it helps to control blood pressure, reduce the risk of kidney problem, is rich in calcium & iron, and is beneficial for pregnant women. In addition, it exhibits anti-inflammatory and antioxidant properties, which help to remove toxins from the body and alleviate stress. Moreover, it helps to keep stomach full for a longer period, as it contains proteins, which prevent unhealthy cravings. It contains a good amount of saturated fats, thus serving as an ideal alternative to unhealthy snacking.

The fox nuts market demand is increasing due to the inclination of customers toward healthy snack. As customers are adopting a healthy lifestyle with growing awareness regarding healthy living, they prefer snacks that are rich in proteins and low in fats. Although dried fruits are also serve as an option for a healthy snack, their overconsumption leads to increase in calories and sugar. For a healthy snack, consumers are switching toward fox nuts, as they are high in nutrition and can be mixed with soups and vegetables. It contains minerals, fiber, vitamin, protein, and magnesium. It has medicinal properties that help to cure diseases such as diabetes, blood pressure, body stress, and chronic disease and provide them a healthy and better lifestyle.

The global fox nuts market segmented into type, nature, application, distribution channel, and region. On the basis of type, the market is classified into raw and processed. By nature, it is categorized into organic and conventional. Depending on application, it is bifurcated into human consumption and industrial. As per distribution channel, it is segregated into supermarkets & hypermarkets, specialty stores, online sales channel, and others. Region wise, the fox nuts market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The processed segment dominates the global fox nuts market share, owing to changes in taste and consumer preferences. In addition, the presence of various popular brands such as Hunan Cereals, Oils and Foodstuffs Import and Export Group Co. Ltd. and Paleo India Food Enterprises boosts the expansion of premium quality of fox nuts. The market is more concentrated in Asia-Pacific and grows rapidly in Europe.

The organic segment exhibits the fastest growth, owing to rise in preference for natural and organic products. Developing regions of North America and LAMEA are anticipated to provide great opportunities to the market during the fox nuts market forecast period. This is attributed to the existence of market players and unexplored market opportunities in nations such as the U.S. and Brazil.

The fox nuts are mostly preferred by households. This is attributed to the growing preference for ready-to-eat food products. In addition, fox nuts can be prepared easily, which saves time. Thus, the human consumption segment is the largest segment in the global market.

Consumers purchase nuts by various distribution channels including supermarkets & hypermarkets, specialty stores, online sales channel, and others. The online sales channel is growing at the highest rate, owing to benefits provided such as discounts and free home delivery.

Region wise, Asia-Pacific dominated the market with largest share during the forecast period. Fox nuts and their different varieties are the mostly consumed in Asia-Pacific, especially in Japan, India, and China. The preference for fox nuts with different ingredients changes with different geographical locations. Thus, the growing preference for nutritious and healthy food products as well as increase in demand for ready-to-eat products are driving the fox nuts market growth in Asia-Pacific.

The major players analyzed for the fox nuts industry are Caryopses Pvt. Ltd., Deliciano Global Pvt. Ltd., Hindustan Foreign Traders, Hunan Cereals, Oils and Foodstuffs Import and Export Group Co. Ltd., Indulge Foods Private Limited, Karnavati Spices, M N Foods, Madhubani Makhana, Mahaveer Udhyog, and Makhana Amrit Mantra Pte. Ltd.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the fox nuts market analysis from 2021 to 2031 to identify the prevailing fox nuts market opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global fox nuts market trends, key players, market segments, application areas, and market growth strategies.

  Fox Nuts Market Report Highlights

Aspects	Details
By Type	Raw Processed
By Nature	Organic Conventional
By Application	Human Consumption Industrial
By Distribution Channel	Supermarkets and Hypermarkets Specialty Stores Online Sales Channel Others
By Region	North America  (U.S., Canada, Mexico) Europe  (U.K., Italy, Spain, Russia, Turkey, Rest of Europe) Asia-Pacific  (China, Japan, India, Thailand, Australia, Rest of Asia-Pacific) LAMEA  (Brazil, South Africa, United Arab Emirates, Rest of LAMEA)
Key Market Players	Hindustan Foreign Traders, Madhubani Makhana, M N Foods, Mahaveer Udhyog, Hunan Cereals, Oils and Foodstuffs Import and Export Group Co. Ltd., Deliciano Global Pvt. Ltd., Caryopses Pvt. Ltd., Indulge Foods Private Limited, Makhana Amrit Mantra Pte. Ltd., Karnavati Spices

Analyst Review

According to the insights of CXOs of leading companies, European consumers seek more healthy snacking options such as fox nuts. Healthy snack sales are increasing in the UK, France, Germany, Italy, Spain, and the Netherlands, which is boosting the global fox nuts market. Access to a wide range of food & beverage options is becoming increasingly crucial, thus providing manufacturers and merchants with lucrative growth opportunities. As consumers want healthier alternatives to sugary snacks, such as nuts and seeds, fruit, and popcorn, manufacturers are responding by developing products that are more suited to healthy snacking.

CXOs further added that fox nuts are gaining high traction among health-conscious consumers, owing to surge in demand for healthy meals as well as rise in demand for gluten-free protein food products. In nations such as India, China, Japan, and Thailand, fox nuts are extremely popular. The market for fox nuts in Western countries such as the UK and the U.S. is yet unexplored. The demand for fox nuts is likely to rise in the near future as consumer awareness of the nuts' numerous health benefits grows. The presence of a large number of untapped markets is expected to offer potential opportunities for new entrants.

Author Name(s) : Jaya Bundele | Roshan Deshmukh

Related Tags

• Specialty Ingredient
• Functional Ingredients
• Nutritional Ingredients