According to a new report, published by KBV research, The Global Fox Nuts Market size is expected to reach $77.7 million by 2031, rising at a market growth of 8.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,098.85 Tonnes experiencing a growth of 8.5% (2020-2023).
The Conventional segment captured the maximum revenue in Global Fox Nuts Market by Nature in 2023, thereby, achieving a market value of $49.5 million by 2031. The conventional segment allows consumers to customize their culinary creations. People who enjoy cooking or preparing snacks appreciate the ability to incorporate raw fox nuts into various recipes, from homemade granola to trail mixes.
The Processed segment is registering a CAGR of 8.1 % during the forecast period. Processed fox nuts are often available in ready-to-use formats, such as roasted, flavoured, or packaged snacks. This convenience appeals to consumers seeking quick, easy snack options without additional preparation. The availability of processed fox nuts in various ready-to-eat formats aligns with the busy lifestyles of modern consumers.
The Supermarkets & Hypermarkets segment led Global Fox Nuts Market by Distribution Channel in 2023, thereby, achieving a market value of $33.5 million by 2031. Supermarkets and hypermarkets provide a one-stop shopping experience where consumers can access a wide range of products. The increasing availability of fox nuts in these retail channels enhances consumer convenience, contributing to their rising demand.
The Human Consumption segment is growing at a CAGR of 10% during the forecast period. As consumers increasingly seek healthier snack alternatives, fox nuts have emerged as a popular option. Their low-calorie, high-nutrient profile appeals to individuals looking for guilt-free snacking options. This trend toward healthy snacking boosts demand for fox nuts in the human consumption market.
Full Report: https://www.kbvresearch.com/fox-nuts-market/
The Asia Pacific region dominated the Global Fox Nuts Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $32.4 million by 2031. The Europe region is anticipated to grow at CAGR of 7.6% during (2024 - 2031). Additionally, The North America region would witness a CAGR of 8.1% during (2024 - 2031).
By Nature (Volume, Tonnes, USD Million, 2020-2031)
By Type (Volume, Tonnes, USD Million, 2020-2031)
By Distribution Channel (Volume, Tonnes, USD Million, 2020-2031)
By Application (Volume, Tonnes, USD Million, 2020-2031)
By Geography (Volume, Tonnes, USD Million, 2020-2031)
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