Fox Nuts Market On Robust Growth Trajectory—Asia Pacific A Key Market

Wednesday, April 8th, 2020 | 1007 Views


The fox nuts market continues to witness robust growth, with a stellar CAGR of 9.0 percent during 2019-2027, according to the recent study by Fact.MR. The market analysis has revealed that the growing demand of nutritious snacks and healthy food products have led to its growth in the global market.

The overall sales of fox nuts is likely to reach more than US$ 91 Mn by 2019 end and is expected to grow at a significant rate over the forecast period due to the growing demand for roasted and popped fox nuts across the developing as well as developed countries. In addition, the proliferating food industry along with the introduction of new flavoured fox nuts are some of the key factors anticipated to boost the overall sales of fox nuts during the forecast period.

“With the introduction of new and flavoured fox nuts, the global market is estimated to register strong growth” says the analyst.

The organised and targeted approach of manufacturers and suppliers for residential & household consumers is expected to propel the market growth of fox nuts over the forecast period. Consumer awareness about the health benefits of fox nuts is estimated to accelerate its demand in the market. Furthermore, the demand for fox nuts for various food processes is estimated to remain strong over the forecast period.

Asia-Pacific region is the leading producer and exporter of fox nuts in the global market and continues to remain the key market for fox nuts manufacturers —accounting for more than two thirds of the global market share.

Furthermore, the demand for fox nuts among the Asia Pacific household & buyers is growing at a significant rate. Future growth opportunities for the fox nuts market in the region are immense, on account of huge demand for healthy and nutritious snacks from the growing middle-class population.

 

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