North America Fox Nuts Market

North America Fox Nuts Market Size, Share & Trends Analysis Report By Nature (Conventional and Organic), By Type (Processed and Raw), By Distribution Channel, By Application (Human Consumption and Industrial), By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-24777 Publication Date: September-2024 Number of Pages: 101
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Analysis of Market Size & Trends

The North America Fox Nuts Market would witness market growth of 8.1% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 113.77 Tonnes, showcasing a growth of 7.8% (2020-2023).

Conventional fox nuts are grown using standard agricultural methods, which may include the use of chemical fertilizers, pesticides, and growth enhancers. These farming techniques aim to maximize yield and ensure product availability, making conventional fox nuts more widely accessible and affordable. While still nutritious and rich in proteins, fibers, and antioxidants, conventional fox nuts may carry trace amounts of chemicals used during cultivation. Thus, the Conventional in US market consumed 71.12 Tonnes in 2023.

North America Fox Nuts Market

The US market dominated the North America Fox Nuts Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $13,741 Thousands by 2031. The Canada market is experiencing a CAGR of 10.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 9.5% during (2024 - 2031).

These nuts, or makhana, are versatile seeds with various applications across multiple domains. Their unique nutritional profile and adaptable nature make them suitable for diverse uses. For example, they are commonly roasted and consumed as a healthy snack. The roasting process enhances their crunchiness and flavour, making them a popular choice among health-conscious consumers. Roasted nuts can be seasoned with different spices and herbs to create a variety of flavoured snacks, catering to diverse taste preferences.

In addition, these nuts are used in savoury dishes such as curries and stews. Their ability to absorb flavours makes them versatile ingredients that add texture and nutritional value. In desserts, these nuts can be used in preparations like kheer (a traditional Indian pudding), where they contribute a unique texture and subtle flavour. Due to their high protein, fiber, and antioxidant content, these nuts are included in dietary supplements to support overall health and wellness. They are used in protein powders and meal replacement products, providing a plant-based protein source for individuals seeking to increase their protein intake.

The growth of food processing facilities in Mexico facilitates broader distribution of these nuts across various retail and food service channels, including supermarkets, convenience stores, and online platforms. Enhanced processing and logistics infrastructure ensures efficient distribution of these nuts throughout Mexico, improving market accessibility and supply chain reliability. The expansion of food processing facilities includes educating consumers about the nutritional benefits and uses of these nuts, raising awareness, and encouraging consumption. Processed fox nut products are reaching new consumer segments, including those who may not have previously considered these nuts, thereby expanding market reach and penetration. Hence, North America’s growing food and beverage processing sector is expected to boost the demand for these nuts in the region.

Free Valuable Insights: The Fox Nuts Market is Predict to reach USD 77.7 Million by 2031, at a CAGR of 8.3%

Based on Nature, the market is segmented into Conventional and Organic. Based on Type, the market is segmented into Processed and Raw. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Specialty Stores, Online, and Other Distribution Channel. Based on Application, the market is segmented into Human Consumption and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

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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)

North America Fox Nuts 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 & 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)

  • US
  • Canada
  • Mexico
  • Rest of North America
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