Fox Nuts Market To Hit Value .6 Million By 2025 |Grand View Research, Inc.

Posted by Mrudula Anil Karmarkar on February 10th, 2022

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.

Lotus seeds are consumed as an alternative to unhealthy snacks like popcorn or fried chips. The rising popularity of these products among children and adults alike in countries such as India, China, Japan, South Korea, Singapore, and Thailand is expected to remain a growth driving factor. This increase in consumption can be attributed to the changing lifestyle of people, on the heels of rising health awareness. Also, the high protein and low-fat content of fox nuts are expected to promote its usage as a functional ingredient in the food and beverage industry over the coming years.

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Until recently, dried fruits such as raisins, prunes, dates, apricots, and figs and nuts such as almonds, cashews, and walnuts were considered to be a healthy snack-time alternative. This is owing to the high nutrition they provide and their benefits as a convenient on-the-go snack. However, studies have continued to show the cons of consuming too many dried fruits as they are extremely high in sugar and calories. Equipped with this awareness, consumers are now switching to better alternatives and this has given the lotus seeds market a lucrative opportunity. Backed by the increasing inclination of consumers to follow a healthy lifestyle, the market is sure to witness steady growth.

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.

Key industry participants include K.K. Products, Manju Makhana, Sattviko, Maruti Makhana, and Shakti Shudha. These companies have been focusing on developing new products to acquire a greater market share. The strong customer base of nut meals and products in developed countries such as Germany, Italy, and France is projected to open new business avenues over the forecast period.

Grand View Research has segmented the global fox nuts market on the basis of product, application, distribution channel:

Fox Nuts Product Outlook (Revenue, USD Thousand, 2015 - 2025)

  • Organic
  • Inorganic

Fox Nuts Application Outlook (Revenue, USD Thousand, 2015 - 2025)

  • Direct Human Consumption
  • Industrial

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.

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Mrudula Anil Karmarkar

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Mrudula Anil Karmarkar
Joined: July 2nd, 2020
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