IMARC Group, a leading market research company, has recently releases report titled “India Makhana Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the India makhana market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the makhana market in India?
The India makhana market size reached INR 89.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 178.4 Billion by 2028, exhibiting a growth rate (CAGR) of 12.1% during 2023-2028.
What is Makhana?
Makhana, also known as “fox nuts” or “lotus seeds,” is a nutrient-rich edible seed derived from the lotus plant (Nelumbo nucifera). It is commonly found in Asian countries, particularly in India. Makhana is harvested from the seeds of the lotus flower, which grow in stagnant water bodies such as ponds and lakes. After harvesting, the seeds are dried and then processed for consumption. Makhana is known for its crunchy texture and mild flavor. It is often roasted or seasoned and consumed as a healthy snack. Rich in protein, dietary fiber, and various vitamins and minerals, makhana is gaining popularity as a nutritious alternative to traditional snacks and is also used in various culinary preparations, both sweet and savory.
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What are the growth prospects and trends in the makhana industry in India?
The rising focus on health and wellness represents one of the key factors driving the growth of the market across India. Indian consumers are seeking nutritious and wholesome snacks. Makhana is rich in protein, fiber, and various essential nutrients, positioning it as a healthier alternative to traditional snacks high in fats and sugars. The nutritional benefits associated with makhana drive its consumption among health-conscious individuals. The popularity of makhana in traditional Indian medicine, Ayurveda is growing, due to the believed medicinal properties which are fueling the growth of the market. This heritage is contributing to its perception as a wholesome and beneficial food, adding to its demand among consumers looking for holistic well-being. The shift towards plant-based diets and the increased adoption of vegan lifestyles are contributing to the demand for natural, plant-derived foods like makhana. It aligns well with these dietary choices, being a plant-based and minimally processed snack, thus facilitating the growth of the market across the country.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Pack Size:
less than 250 gm250-500 gmmore than 500 gmBreakup by Packaging Type:
pouchesjarsothersBreakup by Distribution Channel:
modern tradegeneral tradeonline/e-commerceBreakup by Region:
North IndiaWest and Central IndiaSouth IndiaEast IndiaNortheast IndiaWho are the key players operating in the industry?
The report covers the major market players including:
Dharampal Premchand Limited (Snack Factory)Divinutty Products Private LimitedFarmleyHappiloHarry Food ProcessingMadhubani MakhanaMakhana WalaMithilia NaturalsRishab Global Industries Private Ltd. (Mr. Makhana)SattvikoSnackibleSun Organic Industries Private LimitedSunirav ImpexSwastik Food GroupVKC Nuts Pvt. Ltd (Nutraj)Browse the full report with TOC and list of Figures: https://www.imarcgroup.com/india-makhana-market
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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