Healthy Snacking Trends Poised to be a Major Growth Engine for Fox Nuts
The global market for fox nuts is expected to reach over 68,443 Tons by the end of 2027 and set to grow at a volume CAGR of over 8.5% during the forecast period from 2019 to 2027. The demand for healthy snacking is increasing exponentially in and around the world.
In this scenario, fox nuts are emerging as a popular solution owing to the fact that they are a good source of fiber, iron, carbohydrates, phosphorus, magnesium, protein, zinc and potassium.
Furthermore, with a rise in health consciousness, the eating habits of consumers have drastically changed over the past few years. To cater to the growing demand of healthy snacks, fox nuts emerge as a prominent solution.
Fox nuts are a rich source of protein, whole grains and fiber, owing to which the fox nuts are more appealing to the consumers as a nutritious snack.
According to an independent study, snacks that are specifically marketed for their health benefits have a higher growth rate in the market, as consumers are seeking natural, fresh and healthy snacks in the market.
Thus, the market of fox nuts is estimated to register a significant growth in the global market over the forecast period.
Growth of Roasted and Popped Fox Nuts to Create Noteworthy Opportunities
Rapid urbanization and growing per capita income of consumers has increased their expenditure on healthy and nutritious food products.
The roasted and popped fox nuts are among the most popular food products in the market and sometimes also called next popcorn.
The growing inclination of consumers towards the flavored roasted fox nuts in the market is driving the fox nuts demand. Several brands have introduced flavored and packaged fox nuts to lure health conscious regulars.
According to a study, 50 gms of dry, roasted fox nuts contains more than 180 calories and no other excess fat in it.
Furthermore, owing to the increasing variety of flavors in roasted fox nuts, the market is estimated to foresee a rise in fox nuts demand over the forthcoming years.
Exports of Fox Nuts Will Gather Pace in Emerging Countries
Fox nuts are derived from lotus cultivation and the flowering plant of lotus is native to Asia.
The major production clusters for fox nuts are located in India, Japan, South Korea and Russia. Among them India is the prime market and a prime exporter of fox nuts in the global market.
India is expected to remain a strong market for fox nuts owing to the growing production clusters of fox nuts in Uttar Pradesh and Bihar region and government incentives given to fox nuts farmers.
Despite the hefty production market for fox nuts in Asia Pacific region, North America and Europe are anticipated to drive the demand for fox nuts in the global market owing to the rising import of fox nuts.
The growing demand of nutritious food products and healthy snacks in these regions are among the major growth drivers for the fox nuts market.
Heightened Cultivation to Spur Fox Nuts Sales
The growing government support and profitability in fox nuts cultivation is driving the new production clusters of fox nuts.
For instance, ‘Swarnavaidehi’, a new high yield variety of fox nuts developed by Indian Council of Agricultural Research (ICAR) is being acknowledged by the farmers in India and is expected to further propel the fox nuts market growth over the forthcoming years.
The growing fox nuts cultivation area in Indian sub-continents, coupled with the production of high quality fox nuts is expected to create significant growth opportunities for Indian fox nuts manufacturers in the global market.
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Fox Nuts Market: Online Stores to Aid Product Transparency and Boost Sales Growth
Growth of internet proliferation, e-commerce, and an increase in online sales platforms, are giving an uptick to the demand for fox nuts.
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 fox nuts market, thus supporting the growth of global market.
Furthermore, competitive pricing, coupled with several discount offers and coupons, as well as schemes, offered by the online platforms during product purchase is estimated to boost the market growth over the forecast period.
Despite the significantly growing e-commerce and online sales, the offline retail market is expected to account for a leading share in the global fox nuts market.
Fox Nuts Market: In-Depth Assessment on Key Segments-
The global fox nuts market is segmented by type, buyer type, sales channel and region.
Country-specific assessment on demand for the fox nuts has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous fox nuts manufacturers, experts and suppliers.
Y-o-Y growth projections have also been offered on all regional markets incorporated in the report.
The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecast based on constant currency rates.
The report provides detailed competitive overview and company profiles of key participants operating in the global fox nuts market.
Some of the key players operating in the Fox Nuts market analyzed are Manju Makhana, Shaktisudha Makhana, K.K. Products, Maruti Makhana, Sattviko, MoonLite Foods Inc., Edible Desires Pvt Ltd, Indulge Foods Private Limited, Aravali Agri Products, Mahaveer Udhyog, BAR ITALIA srl, and others
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