The Asia Pacific Fox Nuts Market is expected to witness market growth of 8.7% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 706.61 Tonnes, showcasing a growth of 9.1% (2020-2023).
Processed fox nuts undergo additional treatment after harvesting and drying, such as roasting, puffing, or seasoning. These processes enhance their flavor and make them a popular ready-to-eat snack. Processing may also involve coating the nuts with spices, herbs, or sweeteners, catering to diverse taste preferences. Despite these alterations, processed fox nuts retain their key health benefits, including being a source of protein, fiber, and antioxidants. Thus, the Processed in China market consumed 194.29 Tonnes in 2023.
The China market dominated the Asia Pacific 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 $8.98 millions by 2031. The Japan market is registering a CAGR of 8% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 9.4% during 2024-2031.
The adoption of these nuts is influenced by several evolving trends that reflect changing consumer preferences and market dynamics. As consumers become more aware of the health benefits of various foods, there is a growing interest in incorporating nutrient-dense options like these nuts into their diets. Their high protein, fiber, and antioxidant content appeals to health-conscious individuals seeking to improve their well-being.
Furthermore, the shift towards plant-based diets drives the adoption of these nuts. As more people seek plant-based alternatives to animal products, these nuts are becoming popular due to their plant-derived nutrition and versatility. These nuts align with vegetarian and vegan diets, further boosting their adoption among consumers adhering to these dietary preferences.
The growing nutraceutical industry in India emphasizes health and wellness, boosting the demand for functional foods like these nuts that offer high nutritional value and health benefits. According to the Investment Promotion and Facilitation Agency of India, the industry is expected to grow from $4 billion in 2017 to $18 billion in 2025 due to the increasing demand for dietary supplements. As Chinese consumers become more health-conscious, there is a rising demand for nutritious snacks in the food service sector. These nuts, low in calories and high in protein, fit well into this trend.
According to the United States Department of Agriculture, China’s Hotel, Restaurant, and Institutional (HRI) sector is the world’s second largest, with 2020 revenue of US $573.07 billion. There were 9.3 million catering businesses by the second quarter of 2021. In conclusion, the expansion of the nutraceutical industry and the rising food service sector in the region are driving the market's growth.
Processed fox nuts undergo additional treatment after harvesting and drying, such as roasting, puffing, or seasoning. These processes enhance their flavor and make them a popular ready-to-eat snack. Processing may also involve coating the nuts with spices, herbs, or sweeteners, catering to diverse taste preferences. Despite these alterations, processed fox nuts retain their key health benefits, including being a source of protein, fiber, and antioxidants. Thus, the Processed in China market consumed 194.29 Tonnes in 2023.
The China market dominated the Asia Pacific 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 $8.98 millions by 2031. The Japan market is registering a CAGR of 8% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 9.4% during 2024-2031.
The adoption of these nuts is influenced by several evolving trends that reflect changing consumer preferences and market dynamics. As consumers become more aware of the health benefits of various foods, there is a growing interest in incorporating nutrient-dense options like these nuts into their diets. Their high protein, fiber, and antioxidant content appeals to health-conscious individuals seeking to improve their well-being.
Furthermore, the shift towards plant-based diets drives the adoption of these nuts. As more people seek plant-based alternatives to animal products, these nuts are becoming popular due to their plant-derived nutrition and versatility. These nuts align with vegetarian and vegan diets, further boosting their adoption among consumers adhering to these dietary preferences.
The growing nutraceutical industry in India emphasizes health and wellness, boosting the demand for functional foods like these nuts that offer high nutritional value and health benefits. According to the Investment Promotion and Facilitation Agency of India, the industry is expected to grow from $4 billion in 2017 to $18 billion in 2025 due to the increasing demand for dietary supplements. As Chinese consumers become more health-conscious, there is a rising demand for nutritious snacks in the food service sector. These nuts, low in calories and high in protein, fit well into this trend.
According to the United States Department of Agriculture, China’s Hotel, Restaurant, and Institutional (HRI) sector is the world’s second largest, with 2020 revenue of US $573.07 billion. There were 9.3 million catering businesses by the second quarter of 2021. In conclusion, the expansion of the nutraceutical industry and the rising food service sector in the region are driving 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)
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Fox Nuts Market by Nature
Chapter 5. Asia Pacific Fox Nuts Market by Type
Chapter 6. Asia Pacific Fox Nuts Market by Distribution Channel
Chapter 7. Asia Pacific Fox Nuts Market by Application
Chapter 8. Asia Pacific Fox Nuts Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the key companies profiled in this Asia-Pacific 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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