The global fox nuts market size is expected to reach USD 55.6 million by 2025, according to a new report by Grand View Research, Inc., exhibiting an 11.7% CAGR during the forecast period. Rising awareness regarding a healthy lifestyle among middle-income age groups in developing economies such as China and India is projected to spur product demand. Fox nuts are gluten free and have high fiber content and excellent antioxidant features. There has been growing popularity of these products as snacks on account of the various health benefits they provide, including maintaining blood pressure, high source of protein, and improving fertility. This is projected to remain a prominent trend in the near future as well.
Asia
Pacific is expected to exhibit the highest CAGR of 12.0% from 2019 to 2025; it
is also the largest regional market. Rising concern regarding health issues
such as high blood pressure, diabetes, and obesity has prompted consumers to
opt for healthier snacks and this will continue to be a key growth driver over
the forecast period.
Inorganic
products generated a revenue of USD 10.2 million in 2018. This segment is
expected to witness significant gains on account of low content of saturated
fats and high composition level of protein as compared to organic product
variants.
The
industry is highly competitive in nature with the presence of leading players
such as K.K. Products, Manju Makhana, Maruti Makhana, Sattvika, and Shakti
Shudha. Various manufacturers are concentrating on new product launches and
capacity expansion in order to gain a competitive edge over the rest.
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Fox Nuts Market
Report Highlights
- In terms of revenue, the
inorganic product variants are projected to exhibit a CAGR of 12.0% from
2019 to 2025. Considering that inorganically produced fox nuts have
greater yield, they are increasingly popular and this is expected to
remain a favorable growth factor for the segment
- The organic product variant
dominated the global market with an overall revenue share of over 60.0% in
2018. This is attributed to the predominant consumption of these products
in countries such as India and China
- The offline distribution
channel dominated the overall market with a share of close to 60.0% in
2018. Fox nuts are majorly purchased through retail stores, grocery outlets,
and supermarkets
- Asia Pacific was the largest
market in 2018, accounting for over 80.0% of the global revenue. Rising
disposable income, improving purchasing power of consumers, and growing
focus on healthy foods is expected to promote the sales of nut meal
products.
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Fox Nuts Market
Segmentation
Grand View Research has segmented
the global fox nuts market on the basis of product, application, distribution
channel, and region:
Fox Nuts Product
Outlook (Revenue, USD Thousand, 2015 - 2025)
- Organic
- Inorganic
Fox Nuts
Application Outlook (Revenue, USD Thousand, 2015 - 2025)
- Direct Human Consumption
- Industrial
Fox Nuts
Distribution Channel Outlook (Revenue, USD Thousand, 2015 - 2025)
- Online
- Offline
Fox Nuts Regional
Outlook (Revenue, USD Thousand, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- India
- China
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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