Expanding at a CAGR of 8.4%, the global fox nuts market is predicted to increase from a valuation of US$ 120 million in 2023 to US$ 270 million by the end of 2033. Household & residential buyers tend to consume fox nuts the most due to the rising popularity of ready-to-eat food products.
Fox nuts are derived from the Eastern Asian plant known as Euryale Fox. This is a nutritious snack that aids in weight loss and offers several other advantages as well, including maintaining blood pressure, lowering the risk of kidney problems, being high in calcium and iron, and being beneficial for women during pregnancy.
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Rising in Demand for Fox Nuts
Veganism is Becoming More and More Popular Across the Globe
Demand for fox nuts is being driven by the world’s expanding vegan population. Veganism is becoming more and more popular as people learn about its advantages.A vegan diet contains more fibre, antioxidants, and beneficial plant compounds, and it also aids in weight loss, kidney function improvement, blood sugar control, and decreased risk of heart disease. Many customers throughout the world are choose to follow plant-based diets rather than ones that prioritise meat and other animal products.
growth of internet proliferation, e-commerce, and an increase in online sales platforms is an essential vital factor escalating the market growth
Rising growth of internet proliferation, e-commerce, and an increase in online sales platforms is an essential vital factor escalating the market growth, also increasing better availability of specifications and manufacturing details of products, and other relevant information of the crop’s origin, has resulted in superior product transparency in the market, which in turn increases the demand for the product, rising competitive pricing, along with several discount offers and coupons, as well as schemes, offered by the online platforms during product purchase, rising benefits of fox nuts such as reducing high blood pressure, diabetes, chronic inflammation, and body stress, rising inclination of consumers to follow a healthy lifestyle, rising government support and profitability in fox nuts cultivation and rising fox nuts cultivation area in Indian sub-continents, coupled with the increasing production of high-quality fox nuts are the major factors among others driving the fox nuts market briskly.
Leading companies are offering fox nuts in a variety of flavors due to their enticing nutritional characteristics. Key vendors are using a variety of techniques, including new developments, strategic alliances, quality control, safety regulations, partnerships, and product standards to enhance their market presence. A robust consumer base for nut meals and products in developed countries is creating opportunities for producers of fox nuts.
- In 2021, Kinnect received a digital media contract from Too Yumm!, the most popular snacking brand in India from Guiltfree Industries, the FMCG Division of the RP-Sanjiv Goenka Group. Through this partnership, Too Yumm! hopes to leverage digital to increase and enhance its brand presence.
Key Companies Profiled:
- Manju Makhana
- Indulge Foods Private Limited
- Shaktisudha Makhana
- K.K. Products
- Maruti Makhana
- Sattviko, MoonLite Foods Inc
- Edible Desires Pvt Ltd
- Aravali Agri Products
- Mahaveer Udhyog
- BAR ITALIA srl
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Key Segments of Fox Nuts Industry Research
- By Type :
- By Buyer Type :
- Household & Residential Buyers
- Food Processors
- By Sales Channel :
- Direct Sales
- Online Retailers
- Grocery Stores
- Nutritional Food Outlets
- By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Questionnaire answered in the report include:
- How the industry has grown?
- What is the present and future outlook on the basis of region?
- What are the challenges and opportunities?
- Why the consumption in region?
- In which year segment is expected to overtake segment?
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