The global fox nuts market size was US$ 5.5 billion in 2021. The global fox nuts market size is estimated to reach US$ 27.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 19.5% during the forecast period from 2022 to 2030.
Fox Nut is also known as Makhana or Lotus Seed which is obtained from a plant called Euryal Fox that grows in East Asia. It is a nutritional snack, which helps in reducing weight and helps in regulating blood pressure, reducing the risk of kidney problems, it is also rich in calcium and iron, and is valuable for pregnant women. In addition, it exhibits antioxidant and anti-inflammatory properties, which exclude toxins from the body and reduce stress. Also, it helps in keeping the stomach full for longer, as it contains protein, which curbs unhealthy cravings.

Factors Affecting Market Growth

As consumers are embracing a healthy lifestyle with rising awareness about healthy living, they pick snacks that are rich in low in fats and proteins. Thus, driving the global market.
Lotus seeds are consumed as an alternative to harmful snacks such as fried chips or popcorn. Thus, increasing rage for these products among adults and children drives the global market.
The rising importance of healthy and nutritional food products as well as the growth in the need for ready-to-eat products are driving the global market.
Multiple health advantages such as maintaining blood pressure, reducing fat content, low glycemic index, and restricting the occurrences of chronic inflammation are the key factors that are driving the global market.
The growth of e-commerce, the internet, and an increase in online sales platforms are driving the demand in the global market.

Impact Analysis of COVID-19

The COVID-19 impact on the global fox nuts market was moderate because of the prevalence of lockdowns in several nations worldwide. However, the market suffered due to supply chain disruptions because of trade and shutdown limitations. On the contrary, the increase in penetration of online sales channels had a positive impact on the global market

Regional Analysis

Asia-Pacific dominated the global market with the most considerable share during the forecast period. Fox nuts and their various varieties are mainly consumed in Asia-Pacific because of a strong consumer base, along with closeness to lotus seed cultivation farms in emerging economies. The selection for fox nuts with different elements shifts with different geographical areas. Thus, the rising preference for healthy and nutritious food products as well as a boost in demand for ready-to-eat products are driving the global market growth in the region.

Leading Competitors
The prominent players in the global fox nuts market are:
Makhana Amrit Mantra Pte. Ltd.
Mahaveer Udhyog
Madhubani Makhana
Karnavati Spices
Indulge Foods Private Limited
Foodstuffs Import and Export Group Co. Ltd
Hunan Cereals
Hindustan Foreign Traders
Deliciano Global Pvt. Ltd
Caryopses Pvt. Ltd
Others
Segmentation Analysis
The global fox nuts market focuses on Type, Nature, Application, Distribution Channel, and Region.
Segmentation on the basis of Type
Processed
Raw
Segmentation on the basis of Nature
Conventional
Organic
Segmentation on the basis of Applications
Industrial
Human Consumption
Segmentation on the basis of Distribution Channel
Online Sales Channel
Specialty stores
Supermarkets and Hypermarkets
Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America