(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Sept. 05, 2024 (GLOBE NEWSWIRE) -- The "India Makhana market Report by Pack Size, Packaging Type, Distribution Channel, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The phenomenal growth trajectory of the India makhana market signifies a compound annual growth rate (CAGR) of 10.89% from 2023 to 2032, a substantial increase from its valuation of INR 100.3 Billion in 2023. This robust growth is attributed to the heightened consumer awareness regarding the adoption of healthy snacking habits and the consequent rise in demand for nutritious food choices such as makhana or fox nuts.
The surging health consciousness among the Indian populace is playing a pivotal role in driving the makhana market forward. With a plethora of health benefits associated with this nutrient-dense snack, ranging from conducive weight management to heart health support, consumers are increasingly opting for makhana as a healthier alternative to conventional snack options.
Industry Innovations
The industry is witnessing a spate of innovations in product offerings and packaging. The introduction of new flavored variants of makhana and state-of-the-art packaging solutions, such as resealable pouches, cater to a growing segment of health-conscious consumers. These offerings not only satisfy the demand for novel taste experiences but also address consumer priorities focusing on health and nutrition.
Retail and Distribution Dynamics
The distribution network for makhana in India is witnessing an expansion with enhanced accessibility through various channels, including hypermarkets, supermarkets, and local grocery stores. The intricate retail fabric offers consumers a variety of purchasing venues, thereby contributing positively to the market's growth.
Cultural and Social Impacts
Social media platforms and food vlogging channels are exerting considerable influence on the market, primarily by heightening brand awareness and introducing makhana to newer consumer demographics. Additionally, the proliferation of hotels and restaurants incorporating makhana in their culinary offerings further augments market expansion.
Market Segmentation Insights
The market is examined through various segments, providing a clear understanding of the factors driving growth in each. The segmentation analysis includes diverse pack sizes, packaging types, and distribution channels, which are integral to strategizing market approach tailored for the Indian context.
Competitive Landscape
The competitive ecosystem of the India makhana market is characterized by active participation from a range of companies. Through comprehensive analysis, the report delineates the market's structure, presenting detailed profiles of major players contributing to this growth narrative. Future Outlook
With insights into the market drivers, restraints, and opportunities, this analysis depicts a market on the cusp of transformation. The forecast period promises significant developments in the makhana industry, with potential implications for stakeholders across the value chain. The outlined growth prospects for the India makhana market reflect a broader trend towards healthful eating choices and draw attention to the opportunities this shift in consumer preferences presents to the food and snack industry at large.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 115 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (INR) in 2023 | INR100.3 Billion |
| Forecasted Market Value (INR) by 2032 | INR254.3 Billion |
| Compound Annual Growth Rate | 10.9% |
| Regions Covered | India |
Companies Featured
Dharampal Premchand Limited (Snack Factory) Divinutty Products Private Limited Farmley Happilo Harry Food Processing Madhubani Makhana Makhana Wala Mithilia Naturals Rishab Global Industries Private Ltd. (Mr. Makhana) Sattviko Snackible Sun Organic Industries Private Limited Sunirav Impex Swastik Food Group VKC Nuts Pvt. Ltd (Nutraj)
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