The Latin America, Middle East and Africa Fox Nuts Market would witness market growth of 9.7% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 58.62 Tonnes, showcasing a growth of 8.0% (2024-2031).
Raw fox nuts, also known as makhana, are the seeds of the Euryale ferox plant, a type of water lily. These seeds are harvested from the plant's fruit and dried naturally, retaining their nutritional value. Raw fox nuts are rich in protein, fiber, and essential minerals such as magnesium, potassium, and phosphorus. They are gluten-free, low in calories, and considered a healthy snack or ingredient in various dishes. Thus, the Raw in Brazil market consumed 2.65 Tonnes in 2023.
The Brazil market dominated the LAMEA Fox Nuts Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,892.7 Thousands by 2031. The Argentina market is showcasing a CAGR of 10.9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 9.4% during (2024 - 2031).
These nuts are increasingly available in mainstream supermarkets and hypermarkets. This expanded retail presence makes it easier for consumers to access and purchase these nuts, contributing to their growing adoption. The rise of e-commerce platforms has made it convenient for consumers to buy these nuts online. The availability of various product options and convenient delivery services has contributed to the market’s expansion through digital channels.
Developing new flavours and product formats featuring these nuts, such as flavoured snacks, energy bars, and gourmet items, drives consumer interest and adoption. These innovations cater to diverse taste preferences and dietary needs. Introducing these nuts into health-focused products, including nutritional supplements and functional foods, aligns with consumer trends towards seeking products that offer added health benefits.
The food processing industry’s growth has led to the development of specialized fox nut products tailored to health-conscious consumers, such as low-sodium, gluten-free, or high-protein variants. Brazilian food processors are creating customized flavours and formats for these nuts, catering to regional taste preferences and culinary traditions, thus expanding their appeal. Advanced food processing technologies ensure higher quality standards and better safety measures for these nuts. The UAE’s food service industry is increasingly focusing on health-conscious dining options. These nuts, known for their nutritional benefits, align well with this trend, leading to greater use in health-focused menus. Integration in Nutritional Offerings: Many food service establishments incorporate these nuts into their nutritional offerings, such as energy bars, smoothie bowls, and salads, catering to health-conscious and fitness-oriented customers. Therefore, the increasing food processing industry and rising food service sector in the region drive the market’s growth.
Free Valuable Insights: The Worldwide Fox Nuts Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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