Global Tiger Nuts Market Forecast 2023-2031 - Market Size, Drivers, Trends, And Competitors

The tiger nuts market (타이거 너트 시장) has seen substantial growth from 2023 to 2031. The market size was valued at US$ 236.0 Mn in 2022 and is projected to reach US$ 469.6 Mn by 2031, growing at a CAGR of 8.0% during the forecast period. The increasing demand for healthy snacks and plant-based dairy alternatives are major contributors to this growth.

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Market Segmentation

By Service Type
Organic
Conventional

By Sourcing Type
Direct Purchase
Distributors

By Application
Food and Beverages
Snacks
Dairy Alternatives
Bakery Products
Personal Care and Cosmetics
Skin Care
Hair Care
Others
Animal Feed
Medicinal

By Industry Vertical
Food and Beverage Industry
Cosmetics Industry
Pharmaceutical Industry
Agriculture Industry

By Region
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

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Regional Analysis

North America
North America holds a significant share of the tiger nuts market, driven by the increasing adoption of plant-based diets and the growing popularity of health foods.

Europe
Europe is expected to witness substantial growth due to the high demand for gluten-free and dairy-free products. Countries like Spain and the UK are leading markets for tiger nuts.

Asia-Pacific
The Asia-Pacific region is emerging as a lucrative market for tiger nuts, with rising health awareness and the growing trend of superfoods.

Latin America
Latin America shows moderate growth potential, with increasing cultivation and consumption of tiger nuts in countries like Mexico.

Middle East & Africa
The Middle East & Africa region is gradually adopting tiger nuts, particularly in health food markets and traditional medicine.

Market Drivers and Challenges

Drivers
Health Benefits: Rich in fiber, vitamins, and minerals, tiger nuts are gaining popularity as a health food.
Plant-Based Trends: Increasing demand for plant-based and gluten-free products is propelling market growth.
Versatile Applications: Tiger nuts are used in a wide range of products, from snacks to cosmetics.

Challenges
Supply Chain Issues: Inconsistent supply and quality control can hinder market growth.
Lack of Awareness: Limited consumer awareness in certain regions may slow market penetration.

Market Trends
Innovative Products: Development of new products like tiger nut milk, flour, and oil.
Sustainable Farming: Increasing focus on sustainable and organic farming practices.
E-commerce Growth: Expansion of online retail channels boosting product accessibility.

Competitive Landscape

The tiger nuts market is competitive, with several key players striving to expand their market share. Major companies include The Tiger Nut Company Ltd, Organic Gemini, KCB International, and Tigernuts Traders S.L. These companies are focusing on product innovation, strategic partnerships, and expanding their distribution networks.

Future Outlook

The future of the tiger nuts market looks promising, with continued growth expected across all regions. Innovations in product development and increasing consumer awareness will drive market expansion. The market is anticipated to see new entrants and heightened competition, particularly in the food and beverage and personal care sectors.

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