Fox Nuts Market Size, Share, Opportunities And Trends, By Product (Inorganic, Organic), By Application (Human Consumption, Industrial), By Distribution Channel (Online, Offline) And By Geography - Forecasts From 2020 To 2025
Published:  Dec 2020 Report Code: KSI061613974 Pages: 115

The fox nuts market is expected to grow at a compound annual growth rate of 7.02% over the forecast period to reach a market size of US$177.706 million in 2025 from US$118.280 million in 2019. Fox nut (Makhana), also known as Gorgon Nut, grows in India, Korea, Japan, and Russia. Its market is expected to grow at a decent rate in the next 7-8 owing to the increasing demand for fox nuts among health-conscious consumers and the launching of various new products. The rising popularity of fox nuts among all age groups, changing lifestyles, and unique varieties of snack products will boost the market growth in the coming years. Fox nuts come from the lotus seeds. The manufacturing process of fox nuts is done in 4 chronological stages which include the collection of the seeds, cleaning and storage, gradation process and then getting the final product i.e. the white puff fox nuts. According to the Indian Journal of Traditional Knowledge, the seeds are highly nutritious and edible after being processed. Health benefits and uses of fox nuts are resulting in more vigorous growth of the fox nut market around the globe. The awareness among the young generation and fitness enthusiasts has resulted in a high increment in the customer base which in turn is attracting many private players into this market driving it to become highly competitive in the upcoming years. The cost of the raw materials for developing synthetic paper products has been variable and fluctuating, thus, impacting the margins of the synthetic paper manufacturers. Geographically, the fox nuts market is segmented as North America, South America, Europe, Middle East and Africa, and Asia-Pacific. Among all, Asia Pacific region remains the biggest market as well as the biggest producer for fox nuts. It is estimated to grow at a decent rate during the years 2020-2025.

NEW VARIETIES AND HEALTHY SNACK TRENDS DRIVING THE MARKET GROWTH

The expenditure on nutritious food products and healthy snacks is rapidly increasing with growing per capita income and urbanization. With a growing number of consumers and newly launched varieties, fox nuts are among one of the most popular healthy snacks. For instance, roasted and popped, sometimes also called the next popcorn, are highly demanded and owe to the overall growth of the fox nuts market.

Furthermore, fox nuts are a rich source of iron, carbohydrates, magnesium, zinc, phosphorus, fiber, protein, and potassium which attracts health-conscious consumers to buy them regularly and replace other snacks with them. Snacks that are marketed specifically for their health benefits are believed to register a higher growth rate in the market as consumers are seeking natural, fresh and healthy snacks.

From a geographical point of view, North America, Europe, and the Asia Pacific region are among the established markets for fox nuts, whereas the major production clusters for the same are located in Japan, Russia, South Korea, and India. Among all, India remains the prime exporter and the prime market for fox nuts owing to the growing production clusters in Bihar and Uttar Pradesh and government incentives.

COVID-19 IMPACT

The COVID-19 and the following global lockdown led to high demand for household staples in the initial phase in the consumer food and beverage industry. Healthy foods with longer shelf life were one of the most demanded goods.

However, in the current scenario, most companies are faced with low consumption and supply chain challenges. These companies are focusing more on altering their supply chain methods to establish a significant online presence and operate with D2C distribution channels.

REGIONAL SNAPSHOT

Fox nuts (Euryale ferox) are usually grown in stagnant perennial water bodies like swamps, ponds, ditches, and land depressions. For the past few years, it is also being cultivated in the land system. India is the only country where it is cultivated as a crop especially in the state of Bihar. According to a report by Indian National Agricultural Research System, Bihar produces more than 85% of the total fox nuts production of India and in recent years prices of fox nuts have increased due to its increased demand in foreign as well as domestic markets.

fox nuts market

According to the same study, the cost of processing per Kg of fox nut seed if Rs. 7.33 while the cost of processing per Kg of fox nut pop is 20.95. There are several channels of distribution and marketing which still need to be improved and can result in a more expanded market of fox nuts both domestically and internationally.

SEGMENTATION
  • By Product
    • Inorganic
    • Organic
  • By Application
    • Human consumption
    • Industrial
  • By Distribution Channel
    • Online
    • Offline
      • Hypermarkets
      • Supermarkets
      • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Columbia
      • Others
    • Europe
      • Germany
      • The United Kingdom
      • France
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • The United Arab Emirates
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the fox nuts market size by 2025?
A1. The fox nuts market is expected to reach a total market size of US$177.706 million by 2025.
 
Q2. What are the growth prospects for fox nuts market?
A2. The global fox nuts market is expected to grow at a CAGR of 7.02% during the forecast period.
 
Q3. What is the size of global fox nuts market?
A3. Fox Nuts market was valued at US$118.280 million in 2019.
 
Q4. What factors are anticipated to drive the fox nuts market growth?
A4. The rising popularity of fox nuts among all age groups, changing lifestyle, and unique varieties of snack products will boost the market growth in the coming years.
 
Q5. Which region holds the largest market share in the fox nuts market?
A5. Asia Pacific region remains the biggest market as well as the biggest producer for fox nuts.
1. INTRODUCTION
 
2. RESEARCH METHODOLOGY
2.1. Research Process and Design
2.2. Research Assumptions
 
3. EXECUTIVE SUMMARY
 
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Industry Value Chain Analysis
 
5. FOX NUTS MARKET ANALYSIS, BY PRODUCT
5.1. Introduction
5.2. Inorganic
5.3. Organic
 
6. FOX NUTS MARKET ANALYSIS, BY APPLICATION
6.1. Introduction
6.2. Human consumption
6.3. Industrial
 
7. FOX NUTS MARKET ANALYSIS, BY DISTRIBUTION CHANNEL
7.1. Introduction
7.2. Online
7.3. Offline
7.3.1. Hypermarkets
7.3.2. Supermarkets
7.3.3. Others
 
8. FOX NUTS PAPER MARKET ANALYSIS, BY GEOGRAPHY
8.1. Introduction
8.2. North America 
8.2.1. North America Fox nuts Market, by Product
8.2.2. North America Fox nuts Market, by Application
8.2.3. North America Fox nuts Market, by Country
8.2.3.1. The United States  
8.2.3.2. Canada  
8.2.3.3. Mexico 
8.3. South America  
8.3.1. South America Fox nuts Market, by Product
8.3.2. South America Fox nuts Market, by Application
8.3.3. South America Fox nuts Market, by Country
8.3.3.1. Brazil 
8.3.3.2. Argentina
8.3.3.3. Others
8.4. Europe 
8.4.1. Europe Fox nuts Market, by Product
8.4.2. Europe Fox nuts Market, by Application 
8.4.3. Europe Fox nuts Market, by Country
8.4.3.1. Germany
8.4.3.2. The United Kingdom
8.4.3.3. France
8.4.3.4. Italy
8.4.3.5. Others
8.5. Middle East and Africa 
8.5.1. Middle East and Africa Fox Nuts Market, by Product
8.5.2. Middle East and Africa Fox Nuts Market, by Application
8.5.3. Middle East and Africa Fox Nuts Market, by Country
8.5.3.1. Saudi Arabia 
8.5.3.2. The United Arab Emirates
8.5.3.3. Others
8.6. Asia Pacific
8.6.1. Asia Pacific Fox Nuts Market, by Product
8.6.2. Asia Pacific Fox Nuts Market, by End-User Industry
8.6.3. Asia Pacific Fox Nuts Market, by Country
8.6.3.1. Japan  
8.6.3.2. China 
8.6.3.3. India
8.6.3.4. Others
 
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
 
10. COMPANY PROFILES 
10.1. K.K. Products
10.2. Manju Makhana
10.3. Maruti Makhana
10.4. Shakti Shudha
10.5. Sattyiko
10.6. Koshi Makhana
10.7. Madhubani Makhana
10.8. National Makhana Udyog
10.9. Maya Marketeers
10.10. Pachu Ashi Aradhana Exims Traders Private Limited

K.K. Products

Manju Makhana

Maruti Makhana

Shakti Shudha

Sattyiko

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