Tiger Nuts Market Trends And Opportunities Details Shared In Report
Tiger Nuts Market: Introduction
A recent study published by Transparency Market Research on the tiger nuts market includes Global, Unites States, Europe, UAE,
and Rest of World industry analysis and opportunity assessment for 2020-2030.
Revenue generated from the tiger nuts market was valued at ~US$ 153 Mn in 2020,
which is estimated to rise at a CAGR of 7.6%, to reach ~US$ 319 Mn by 2030.
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Growing Consumer Preference for Vegan Food to Boost Demand for Tiger
Nuts
The market for vegan products around the world is being driven by
changing consumer preferences and growing awareness about the various
disadvantages of meat-based diet. Manufacturers of food and beverage products introducing
plant-based options to the mainstream is among the key reasons for the growth
of vegan food products. Veganism is also influenced by the growing concern for
animal welfare, and respect for animals and the environment. Tiger nuts are
derived from plants, and do not involve meat-based ingredients throughout the
production and harvesting process. Thus, tiger nuts are seen as a vegan product
with added nutritional benefits. Tiger nuts help in the prevention of obesity,
decreasing cholesterol levels.
- The
Tiger Nuts Company Ltd. based in Spain offers tiger nuts in original,
powder, flakes, and milk form that can be consumed by vegan consumers
Tiger Nuts Offered as Healthy Snack Option for Consumers
Tiger nuts are offered by many manufacturers as a healthy snack option
that can be included in the regular diet. The growing snack industry is
expected to influence the demand for tiger nut products, owing to their high
nutritional value. The availability of tiger nuts in small attractive packaging
also entices consumers to try such products. Consumers nowadays have less time,
with a fast-paced lifestyle, and are choosing products that give more health
benefits and do not require much preparation and cooking. Tiger nuts serve as
an optimum alternative for such consumers and do not require any cooking, and
can also be consumed straight out of the packet. Tiger nuts being positioned as
a healthy snack by the manufacturers is expected to drive the tiger nuts
market.
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Increased Application in Confectioneries
Tiger nuts are generally used as a snack and bakery ingredient, and find
application in making confectionery products and can be used by hotels,
restaurants, cafes, and any other foodservice industry players, owing to their
natural sweet taste. The sweetness of tiger nuts eliminates the need for adding
extra sugar in confectionery products. Tiger nuts can be used to make candy,
chocolate, and gum that offers additional health benefits. With tiger nuts
being used in innovative recipes for making sweet and savory products, the
scope of application of tiger nuts is increasing. The increased use of tiger
nut products in the foodservice industry to make confectionery food products is
also expected to help boost the global tiger nut market.
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Tiger Nuts Market Segmentation
Tiger Nuts Market, by Nature
- Organic
- Conventional
Tiger Nuts Market, by End Use
- Food
Industry
- Foodservice
Industry
- Retail/Household
Tiger Nuts Market, by Distribution Channel
- Business-to-Business
- Business-to-Consumer
- Hypermarkets/Supermarkets
- Convenience
Stores
- Specialty
Stores
- Online
Retail
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Market Research
Transparency Market
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Delaware, United States, provides custom research and consulting services. The firm scrutinizes
factors shaping the dynamics of demand in various markets. The insights and
perspectives on the markets evaluate opportunities in various segments. The
opportunities in the segments based on source, application, demographics, sales
channel, and end-use are analysed, which will determine growth in the markets
over the next decade.
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