Press release
Tiger Nuts Market progresses for huge profits during 2030
A recent study published by Transparency Market Research on the tiger nuts market includes Global, Unites States, Europe, UAE, and Rest of World industry analysis and opportunity assessment for 2020-2030. Revenue generated from the tiger nuts market was valued at ~US$ 153 Mn in 2020, which is estimated to rise at a CAGR of 7.6%, to reach ~US$ 319 Mn by 2030.
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Growing Consumer Preference for Vegan Food to Boost Demand for Tiger Nuts
The market for vegan products around the world is being driven by changing consumer preferences and growing awareness about the various disadvantages of meat-based diet. Manufacturers of food and beverage products introducing plant-based options to the mainstream is among the key reasons for the growth of vegan food products. Veganism is also influenced by the growing concern for animal welfare, and respect for animals and the environment. Tiger nuts are derived from plants, and do not involve meat-based ingredients throughout the production and harvesting process. Thus, tiger nuts are seen as a vegan product with added nutritional benefits. Tiger nuts help in the prevention of obesity, decreasing cholesterol levels.
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Increased Application in Confectioneries
Tiger nuts are generally used as a snack and bakery ingredient, and find application in making confectionery products and can be used by hotels, restaurants, cafes, and any other foodservice industry players, owing to their natural sweet taste. The sweetness of tiger nuts eliminates the need for adding extra sugar in confectionery products.
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Tiger nuts can be used to make candy, chocolate, and gum that offers additional health benefits. With tiger nuts being used in innovative recipes for making sweet and savory products, the scope of application of tiger nuts is increasing.
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Tiger Nuts Market Segmentation
Tiger Nuts Market,
by Nature
Organic
Conventional
Tiger Nuts Market,
by End Use
Food Industry
Foodservice Industry
Retail/Household
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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