Fox Nuts Market Supported by a CAGR of 8.4% by 2031 | Karnavati Spices, M N Foods

The Global Fox Nuts Market size was valued at $38.90 million in 2021, and is estimated to reach $87.10 million by 2031, growing at a CAGR of 8.4% from 2022 to 2031.

With growing consumer awareness about the several health benefits of fox nuts, its demand is expected to increase rapidly in coming years.

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Fox nuts are available in two types, organic and inorganic, both of which are gluten-free and have a low glycemic index. Inorganic fox nuts contain higher yield over organic fox nuts. They are available in different flavors such as baked, roasted, popped, and fried. However, they lose all the nutritious properties when they are fried or roasted, but most of the people demand for baked fox nuts as they are more healthy snacks in nature. The hectic lifestyle of customers surge the fox nuts market demand, as fox nuts are consumed in breakfast meal or snack meals. They are used as a supplement for a healthy balanced diet.

The utmost reason for increase in demand of fox nuts is that dieticians advise people to consume fox nuts in their evening snacks, which helps them to subside their hunger. However, excess consumption of fox nuts leads to constipation, bloating, allergies, and gastrointestinal issues. Thus, these fox nuts market trends are shaping the market dynamics.

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In 2021, Asia-Pacific accounted for 34.8% in the fox nuts market, and is expected to maintain its dominance during the forecast period. However, North America and Europe are expected to possess the highest CAGRs, owing to rise in health concerns among people and increase in popularity of fox nuts in these regions.

The major players analyzed for global fox nuts industry are Caryopses Pvt. Ltd., Deliciano Global Pvt. Ltd., Hindustan Foreign Traders, Hunan Cereals, Oils and Foodstuffs Import and Export Group Co. Ltd., Indulge Foods Private Limited, Karnavati Spices, M N Foods, Madhubani Makhana, Mahaveer Udhyog, and Makhana Amrit Mantra Pte. Ltd. These major market players have adopted various strategies such as product launch and acquisition to expand their market reach.

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