The Asia Pacific Fox Nuts Market would witness market growth of 8.7% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 706.61 Tonnes, showcasing a growth of 9.1% (2020-2023).
Processed fox nuts undergo additional treatment after harvesting and drying, such as roasting, puffing, or seasoning. These processes enhance their flavor and make them a popular ready-to-eat snack. Processing may also involve coating the nuts with spices, herbs, or sweeteners, catering to diverse taste preferences. Despite these alterations, processed fox nuts retain their key health benefits, including being a source of protein, fiber, and antioxidants. Thus, the Processed in China market consumed 194.29 Tonnes in 2023.
The China market dominated the Asia Pacific Fox Nuts Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $8,989.7 Thousands by 2031. The Japan market is registering a CAGR of 8% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 9.4% during (2024 - 2031).
The adoption of these nuts is influenced by several evolving trends that reflect changing consumer preferences and market dynamics. As consumers become more aware of the health benefits of various foods, there is a growing interest in incorporating nutrient-dense options like these nuts into their diets. Their high protein, fiber, and antioxidant content appeals to health-conscious individuals seeking to improve their well-being.
Furthermore, the shift towards plant-based diets drives the adoption of these nuts. As more people seek plant-based alternatives to animal products, these nuts are becoming popular due to their plant-derived nutrition and versatility. These nuts align with vegetarian and vegan diets, further boosting their adoption among consumers adhering to these dietary preferences.
The growing nutraceutical industry in India emphasizes health and wellness, boosting the demand for functional foods like these nuts that offer high nutritional value and health benefits. According to the Investment Promotion and Facilitation Agency of India, the industry is expected to grow from $4 billion in 2017 to $18 billion in 2025 due to the increasing demand for dietary supplements. As Chinese consumers become more health-conscious, there is a rising demand for nutritious snacks in the food service sector. These nuts, low in calories and high in protein, fit well into this trend. According to the United States Department of Agriculture, China’s Hotel, Restaurant, and Institutional (HRI) sector is the world’s second largest, with 2020 revenue of US $573.07 billion. There were 9.3 million catering businesses by the second quarter of 2021. In conclusion, the expansion of the nutraceutical industry and the rising food service sector in the region are driving the market's growth.
Free Valuable Insights: The Global 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 China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
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 Country (Volume, Tonnes, USD Million, 2020-2031)
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