Fox Nuts Market To Reach $97.5 Billion By 2030 | CAGR: 11.9%

Fox Nuts Market Growth & Trends

The global fox nuts market size is expected to reach USD 97.5 billion by 2030, according to a new report by Grand View Research, Inc., exhibiting an 11.9% from 2024 to 2030. 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 12.1% from 2024 to 2030; 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 12.1% from 2024 to 2030. 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 60.1% in 2023. 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 58.34% in 2023. Fox nuts are majorly purchased through retail stores, grocery outlets, and supermarkets

• Asia Pacific was the largest market in 2023, accounting for over 81.0% 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.

Fox Nuts Market Segmentation

Grand View Research has segmented the global fox nuts market report based on product, application, distribution channel, and region:

Fox Nuts Product Outlook (Revenue, USD Million, 2018 - 2030)

• Inorganic

• Organic

Fox Nuts Application Outlook (Revenue, USD Million, 2018 - 2030)

• Direct Human Consumption

• Industrial Use

Fox Nuts Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Online

• Offline

Fox Nuts Region Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Argentina

• MEA

  • South Africa

  • UAE

List of Key Players in the Fox Nuts Market

• K.K. Products

• Manju Makhana Enterprises

• Maruti Makhana

• Sattviko

• Shakti Sudha

• Caryopses

• hftgroup.in

• Madhubani Makhana Private Limited

• Nijjer Agro Foods Ltd's

• Gopala Fresh Produce Private Limited.

• Strictly Nuts