Fox Nuts Market on the Rise: Projected to Surpass US$ 270 Million with 8.4% CAGR by 2033

The global fox nuts market is poised for robust growth, with a projected compound annual growth rate (CAGR) of 8.4%. This market is expected to surge from a valuation of US$ 120 million in 2023 to reach an impressive US$ 270 million by the conclusion of 2033. Among consumers, household and residential buyers are the predominant consumers of fox nuts, driven by the increasing popularity of ready-to-eat food products.

Fox nuts, derived from the Eastern Asian plant Euryale Fox, are a nutritious snack with a multitude of benefits. They aid in weight loss and offer several health advantages, including blood pressure regulation, reduced risk of kidney problems, rich calcium and iron content, and being particularly beneficial for women during pregnancy.

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Fox Nuts Market – Key Findings

• Flavored roasted fox nuts remain highly favored amongst consumers.

• Household & residential buyers will remain prominent consumers of fox nuts through the forecast period.

• Europe and North America will drive the consumption of fox nuts in view of rising imports.

• Asia Pacific continues to lead the fox nuts market on account of native lotus cultivation from which the product is derived.

Fox Nuts Market – Key Driving Factors

• Ecommerce and internet proliferation is inflating the sales of fox nuts over the forecast period.

• Availability of manufacturing details and specifications is complementing the growth of fox nuts market.

• Superior product transparency is a major driver of growth in the global fox nuts market.
• Several discount offers along with competitive pricing is favoring the growth of fox nuts market.

• Various health benefits such as low glycemic index and maintaining blood pressure is contributing substantially to market growth.

Competitive landscape:

Prominent companies are diversifying their offerings of fox nuts, introducing a wide array of flavors to capitalize on their enticing nutritional attributes. Key market players are employing a range of strategies, including innovation, strategic partnerships, stringent quality control measures, adherence to safety regulations, collaborations, and product standardization to strengthen their foothold in the market. The robust demand for nut-based meals and products in developed nations is opening up opportunities for fox nuts producers.

For instance,

• In 2021, Kinnect secured a digital media contract from Too Yumm!, a renowned snacking brand in India under Guiltfree Industries, the FMCG Division of the RP-Sanjiv Goenka Group. This partnership aims to leverage digital platforms to enhance and expand the brand presence of Too Yumm! within the market.

Key Companies Profiled:

• Caryopses Pvt. Ltd.
• Hunan Cereals
• Jinanam Impex LLP
• Indulge Foods Private Limited
• M N Foods
• Deliciano Global Pvt. Ltd.
• Hindustan Foreign Traders
• Karnavati Spices
• Madhubani Makhana
• Mahaveer Udhyog

Key Segments of Fox Nuts Industry Research:
• By Type :
o Raw
o Processed

• By Buyer Type :
o Household & Residential Buyers
o Food Processors

• By Sales Channel :
o Direct Sales
o Hypermarkets/Supermarkets
o Online Retailers
o Grocery Stores
o Nutritional Food Outlets
o Others

• By Region :
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

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Impact of COVID-19 on Fox Nuts Market:

With over a million people now infected with COVID-19, the global supply chain is facing widespread disruption, thereby hampering the growth of fox nuts market. The prominent players in high-growth regions such as India are facing major issues with production capacity since majority of the workers and consumers continue to stay inside their homes during the lockdown. In terms of both demand and supply the current scenario is still probabilistic. The growth of fox nuts market is thus experiencing a slowdown in view of current pandemic. The market is projected to pick up pace through the first half of 2021.

Questionnaire answered in the Market outlook Report of Fox Nuts include:

• What is the key strategy deployed by large players to maximize Fox Nuts Market growth?

• What are the main challenges faced by players in the Fox Nuts market Demand?

• With the advent of technological advancement, how will the Fox Nuts market landscape change over the forecast period?

• What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Fox Nuts market size?

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