Portland, OR, July 13, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global fox nuts market generated $38.90 million in 2021, and is projected to reach $87.10 million by 2031, growing at a CAGR of 8.4% from 2022 to 2031.The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Increase in inclination of customers toward healthy snacks, increase in the number of health-conscious people, high nutritious content of fox nuts and its flexible consumption with soups and vegetables, and rise in standard of living among people are expected to drive the growth of the global fox nuts market. On the other hand, adverse health problems due the excess consumption are expected to hinder the growth to some extent. However, anti-inflammatory and antioxidant properties of fox nuts are expected to create ample opportunities for the industry.
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COVID-19 Scenario
- The outbreak of COVID-19 has had a negative impact on the growth of the global fox nuts market, owing to the presence of lockdowns in various countries across the globe. The market experienced supply chain disruptions due to trade and lockdown restrictions, which adversely decreased its demand. Thus, COVID-19 has had a negative impact on the market.
- However, with the rise in penetration of online sales channel and increase in health-conscious individuals, the market is expected to recoup soon.
The report offers a detailed segmentation on the global fox nuts market based on type, nature, application, distribution channel and region
Based on type, the processed segment held the largest market share in 2021, garnering more than four-fifths of the global market. The raw segment, on the other hand, is predicted to cite the fastest CAGR of 9.3% during the forecast period.
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Based on nature, the conventional segment held the majority market share in 2021, holding nearly two-third of the global market. The organic segment, on the other hand, is predicted to cite the fastest CAGR of 9.0% during the forecast period.
Based on region, the market across Asia-Pacific region held the lion’s share in 2021, garnering more than one third of the global market. The Europe region, on the other hand, is predicted to cite the fastest CAGR of 9.0% during the forecast period.
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The key players analyzed in the global fox nuts market report include 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.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
