The Latin America, Middle East and Africa Fox Nuts Market is expected to witness market growth of 9.7% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 58.62 Tonnes, showcasing a growth of 8.0% (2024-2031).
Raw fox nuts, also known as makhana, are the seeds of the Euryale ferox plant, a type of water lily. These seeds are harvested from the plant's fruit and dried naturally, retaining their nutritional value. Raw fox nuts are rich in protein, fiber, and essential minerals such as magnesium, potassium, and phosphorus. They are gluten-free, low in calories, and considered a healthy snack or ingredient in various dishes. Thus, the Raw in Brazil market consumed 2.65 Tonnes in 2023.
The Brazil market dominated the LAMEA Fox Nuts Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.89 millions by 2031. The Argentina market is showcasing a CAGR of 10.9% during 2024-2031. Additionally, the UAE market would register a CAGR of 9.4% during 2024-2031.
These nuts are increasingly available in mainstream supermarkets and hypermarkets. This expanded retail presence makes it easier for consumers to access and purchase these nuts, contributing to their growing adoption. The rise of e-commerce platforms has made it convenient for consumers to buy these nuts online. The availability of various product options and convenient delivery services has contributed to the market’s expansion through digital channels.
Developing new flavours and product formats featuring these nuts, such as flavoured snacks, energy bars, and gourmet items, drives consumer interest and adoption. These innovations cater to diverse taste preferences and dietary needs. Introducing these nuts into health-focused products, including nutritional supplements and functional foods, aligns with consumer trends towards seeking products that offer added health benefits.
The food processing industry’s growth has led to the development of specialized fox nut products tailored to health-conscious consumers, such as low-sodium, gluten-free, or high-protein variants. Brazilian food processors are creating customized flavours and formats for these nuts, catering to regional taste preferences and culinary traditions, thus expanding their appeal. Advanced food processing technologies ensure higher quality standards and better safety measures for these nuts. The UAE’s food service industry is increasingly focusing on health-conscious dining options. These nuts, known for their nutritional benefits, align well with this trend, leading to greater use in health-focused menus.
Integration in Nutritional Offerings: Many food service establishments incorporate these nuts into their nutritional offerings, such as energy bars, smoothie bowls, and salads, catering to health-conscious and fitness-oriented customers. Therefore, the increasing food processing industry and rising food service sector in the region drive the market’s growth.
Raw fox nuts, also known as makhana, are the seeds of the Euryale ferox plant, a type of water lily. These seeds are harvested from the plant's fruit and dried naturally, retaining their nutritional value. Raw fox nuts are rich in protein, fiber, and essential minerals such as magnesium, potassium, and phosphorus. They are gluten-free, low in calories, and considered a healthy snack or ingredient in various dishes. Thus, the Raw in Brazil market consumed 2.65 Tonnes in 2023.
The Brazil market dominated the LAMEA Fox Nuts Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.89 millions by 2031. The Argentina market is showcasing a CAGR of 10.9% during 2024-2031. Additionally, the UAE market would register a CAGR of 9.4% during 2024-2031.
These nuts are increasingly available in mainstream supermarkets and hypermarkets. This expanded retail presence makes it easier for consumers to access and purchase these nuts, contributing to their growing adoption. The rise of e-commerce platforms has made it convenient for consumers to buy these nuts online. The availability of various product options and convenient delivery services has contributed to the market’s expansion through digital channels.
Developing new flavours and product formats featuring these nuts, such as flavoured snacks, energy bars, and gourmet items, drives consumer interest and adoption. These innovations cater to diverse taste preferences and dietary needs. Introducing these nuts into health-focused products, including nutritional supplements and functional foods, aligns with consumer trends towards seeking products that offer added health benefits.
The food processing industry’s growth has led to the development of specialized fox nut products tailored to health-conscious consumers, such as low-sodium, gluten-free, or high-protein variants. Brazilian food processors are creating customized flavours and formats for these nuts, catering to regional taste preferences and culinary traditions, thus expanding their appeal. Advanced food processing technologies ensure higher quality standards and better safety measures for these nuts. The UAE’s food service industry is increasingly focusing on health-conscious dining options. These nuts, known for their nutritional benefits, align well with this trend, leading to greater use in health-focused menus.
Integration in Nutritional Offerings: Many food service establishments incorporate these nuts into their nutritional offerings, such as energy bars, smoothie bowls, and salads, catering to health-conscious and fitness-oriented customers. Therefore, the increasing food processing industry and rising food service sector in the region drive the market’s growth.
List of Key Companies Profiled
- Makhana Amrit Mantra Pte. Ltd.
- Madhubani Makhana Private Limited
- Hindustan Foreign Traders Group
- Caryopses Pvt. Ltd.
- Karnavati Spices
- Rays Culinary Delights Private Limited (Sattviko FoodYoga)
- Indian Foxnut
- Guiltfree Industries Limited (RP Sanjiv Goenka Group)
Market Report Segmentation
By Nature (Volume, Tonnes, USD Million, 2020-2031)
- Conventional
- Organic
By Type (Volume, Tonnes, USD Million, 2020-2031)
- Processed
- Raw
By Distribution Channel (Volume, Tonnes, USD Million, 2020-2031)
- Supermarkets and Hypermarkets
- Specialty Stores
- Online
- Other Distribution Channel
By Application (Volume, Tonnes, USD Million, 2020-2031)
- Human Consumption
- Industrial
By Country (Volume, Tonnes, USD Million, 2020-2031)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Fox Nuts Market by Nature
Chapter 5. LAMEA Fox Nuts Market by Type
Chapter 6. LAMEA Fox Nuts Market by Distribution Channel
Chapter 7. LAMEA Fox Nuts Market by Application
Chapter 8. LAMEA Fox Nuts Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the key companies profiled in this LAMEA Fox Nuts market report include:- Makhana Amrit Mantra Pte. Ltd.
- Madhubani Makhana Private Limited
- Hindustan Foreign Traders Group
- Caryopses Pvt. Ltd.
- Karnavati Spices
- Rays Culinary Delights Private Limited (Sattviko FoodYoga)
- Indian Foxnut
- Guiltfree Industries Limited (RP Sanjiv Goenka Group)
Methodology
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