Global Tiger Nuts Market, By Nature (Organic, Conventional), Size (Micro, Small and Large), Product Type (Skinned Tiger Nuts, Peeled Tiger nuts, Tiger Nuts Flour, Tiger Nuts Extract, Tiger Nuts Oil and Others), End Use (Food Industry, Retail, Household and Others), Application (Food and Oil Industry, Medicine Industry, Cosmetic Industry and Others), Distribution Channels (Business to Business, Business to Consumer and Others) – Industry Trends and Forecast to 2030.
Tiger Nuts Market Analysis and Size
Jack Sims, who launched America’s first tiger nut company, says that tiger nuts have been around for 4,000 years. He attributes that tiger nuts were a vital component of our ancestor diets. He also says that tiger nuts are tiny tubers which are low in calories and fat and high in fiber. Furthermore, tiger nuts are progressively becoming a popular ingredient in the food because these nuts free of allergens and rich in nutrients. Not only is it a superfood with high levels of vitamin E: and fibre, it is also a raw material whose flexibility makes it a super trendy ingredient.
Data Bridge Market Research analyses that the tiger nuts market was valued at USD 0.16 billion in 2022 and is expected to reach USD 0.30 billion by 2030, registering a CAGR of 8.10% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Tiger Nuts Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Nature (Organic, Conventional), Size (Micro, Small and Large), Product Type (Skinned Tiger Nuts, Peeled Tiger nuts, Tiger Nuts Flour, Tiger Nuts Extract, Tiger Nuts Oil and Others), End Use (Food Industry, Retail, Household and Others), Application (Food and Oil Industry, Medicine Industry, Cosmetic Industry and Others), Distribution Channels (Business to Business, Business to Consumer and Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Amandín (U.S.), Ecoideas (Canada), The Chufa Original Company (Canada)
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Market Opportunities
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Market Definition
Tiger nut is also known as earth almond because it is normally found in wet soils such as nut ranches, rice paddies, golf course and irrigated yards during a warm climate. These nuts are tubers such as yam. These nuts are more modest in chewy, size and taste minimal like walnut and almond. Tiger nuts have high fibre content and are a decent source of plant-based protein.
Tiger Nuts Market Dynamics
Drivers
- Increasing demand of tiger nuts in cosmetic industry
The demand for the tiger nuts increases in cosmetic sector due to the presence of advantageous contents in tiger nuts such as high content of oleic acid, vitamins and tocopherols in cosmetics. Many cosmetic-related oil is obtained by the cold pressing of tiger nuts tuber which is related oil is obtained by the cold pressing of tiger nuts tuber, removing the hassles of chemical procedures during its extraction. In this way, the market player in the tiger nuts market also focuses on maintaining its properties, which help soften and nourish the skin and hair.
- High demand of fiber based products
Tiger nut is the major source of the fiber which will increase the demand of the tiger nut and drive the growth rate of the market. Tiger nuts contain more fibre than carrots, Chia seeds, oat bran, cabbage or plums. Fibre works as an appetite regulator: aiding weight maintenance and weight loss. It also increases activity of the digestive system and intestinal transit.
Opportunities
- Health benefits associated with tiger nuts among men
Tiger nuts has been found to increase fertility in men. It is also known as a wonder nut because it helps to increase the male libido and cures erectile dysfunction (ED). Major market players in the tiger nuts market focus on increasing their output capacities because these nuts have high zinc content and can establish hormone balance. Moreover, due to the consumption of tiger nuts increased sperm production. Also, many companies are capitalizing in the tiger nuts market to increase their product visibility in retail stores and supermarkets. On the other hand, tiger nuts are used to cure high blood pressure problems and many other cardiovascular diseases.
- Rising demand of tiger nuts for prevention from cancer and cardiovascular diseases
Tiger nuts is used as a source of vitamin E because it can reduce the risk of the coronary heart disease. Vitamin E limits the creation of free radicals and generally responsible for the death of cells. Tiger nuts also contain oleic acid, which can help prevent cardiovascular diseases and cancer and limit the production of bad LDL cholesterol. Therefore, the demand of the tiger nuts increase among consumer which will create ample opportunities for the market growth.
Restraints/ Challenges
- Side effect associated with tiger nuts
High consumption of tiger nut creates many issues in human body related to stomach. Tiger nuts contain high fibre food which may encounter cramping, bulging or diarrhoea because of overeating. Thus, this is one of the major factor which may be hamper the growth of the market during the forecast period 2023 to 2030.
This tiger nuts market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the tiger nuts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Tiger Nuts Market Scope
The tiger nuts market is segmented on the basis of nature, size, product type, end use, application and distribution channels on. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Nature
- Organic
- Conventional
Size
- Micro
- Small
- Large
Product Type
- Skinned Tiger Nuts
- Peeled Tiger nuts
- Tiger Nuts Flour
- Tiger Nuts Extract
- Tiger Nuts Oil
- Others
End Use
- Food Industry
- Retail
- Household
- Others
Application
- Food and Oil Industry
- Medicine Industry
- Cosmetic Industry
- Others
Distribution Channels
- Business to Business
- Business to Consumer
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Online Retail
- Others
Tiger Nuts Market Regional Analysis/Insights
The tiger nuts market is analyzed and market size insights and trends are provided by country, nature, size, product type, end use, application and distribution channels as referenced above.
The countries covered in the tiger nuts market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Middle East and Africa dominates the tiger nuts market in terms of revenue and market share owing to their interesting properties and medical advantages. Furthermore, easy accessibility of tiger nuts and high demand for horchata will expected to enhance the market growth.
North America is expected to be the fastest developing region during the forecast period of 2023-2030 due to developing awareness regarding these products and their application in numerous areas in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Tiger Nuts Market Share Analysis
The tiger nuts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to tiger nuts market.
Some of the major players operating in the tiger nuts market are:
- Amandín (U.S.)
- Ecoideas (Canada)
- The Chufa Original Company (Canada)
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