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.
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.
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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.
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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.
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Fox Nuts Market – Scope of the report
This report provides forecast and analysis of the fox nuts market. It provides historical data of 2013 along with estimated data for 2019, and forecast data up to 2027 in terms of revenue (US$ Mn) and volume (Tons), according to a Fact.MR study. The research propounds key trends that are currently influencing growth of the fox nuts market along with the macro-economic indicators. This newly published and insightful report sheds light on key dynamics, and their impact on overall value chain from raw material suppliers to end users, which are expected to transform the future of the fox nuts market.
The report also comprises the study of current issues with end users and opportunities for fox nuts in the global market. It also contains value chain analysis along with key market participants. In order to provide users of this report with a comprehensive view of the fox nuts market, we have included a detailed competitive analysis about market key players. The dashboard provides a detailed comparison of fox nuts manufacturers on parameters such as total revenue, market presence and key developments. A list of key companies operating in the fox nuts market provided in the report adds to the credibility of this exhaustive research study.
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
Fox Nuts Market: Research Methodology
The fox nuts market numbers pertaining to the regional as well as country level data and various segments i.e. type, buyer, sales channel and region are estimated through the combination of primary and secondary research among target countries and regions, and are verified both by applying the bottom-up and top-down approach. Secondary sources include Morningstar, Factiva, association publication, industry magazines and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the data and insights obtained have been used for validating the information of fox nuts gained through secondary sources. The report also includes a description of assumptions and acronyms utilized for research purposes. The data triangulation process is used for cross checking of the collected and analyzed data from the supply as well as the demand side for fox nuts.
For assessment of the market size on the basis of value and volume, revenues generated by leading players, coupled with their production capacities are taken into consideration. Backed by a proven & tested research approach, the report offers necessary information on the fox nuts market. Other qualitative findings and perspectives are gathered from interviews from industry participants including Business Development Managers / Executives, CEO’s and Plant Managers. This information has been adhered to by the analysts while developing this insightful report on the fox nuts market. Secondary research is leveraged for ascertaining the overall size of the fox nuts market.
A short market viewpoint offered in the report explains the macro-economic aspects that influence the growth of the fox nuts market, which includes worldwide demand for food & beverages and ready-to-eat consumption trends impacting the packaging sector. Global pricing analysis, restraint analysis, and opportunity analysis on the fox nuts market has also been incorporated in the report. This report serves as an authentic resource of intelligence on the fox nuts market, enabling the readers to take fact-based decisions on the future direction of their businesses.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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