About Tiger Nuts
Tiger nuts are also known as yellow nutsedge, earth almonds, or chufa. It is commonly used for both food and medicine due to its nutritional and antioxidant properties. These nuts are rich in many nutrients, contribute to good digestion, and may protect against infections and health conditions, such as diabetes and heart disease. The tiger nuts market is highest in Ghana and Spain because of the high production and consumption of end products made with it. Nigeria, Niger, Mali, Senegal, and Togo, are other South African countries, producing tiger nuts. According to research, these fiber-packed tubers can improve cardiovascular health by lowering LDL or bad cholesterol levels. Moreover, it helps to fight free radicals, lowering the risk of chronic inflammation and certain cancers owing to the high antioxidant content.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Ghana tiger nut market is much consolidated owing to the presence of few players. Most of the tiger nut produced in Ghana is exported to other countries such as the United States, Spain, the United Kingdom, and other European countries. This product is under research as it contains major nutritional and health benefits like superfoods. Major key players import tiger nuts to make end products such as Milk, Flour, or oil. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Tiger Nuts market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tiger Nuts USA (United States), Mosaic Grove (United States), KCB International (Netherlands), Tigernuts Traders, S.L. (Spain), Jose María Bou, S.L (Spain), Levantex (Spain), The Original Chufa Company (Spain), The Tiger Nuts Company Ltd. (United Kingdom), Organic Gemini (United States) and XUFEX (Spain) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ludlow Nut Company Ltd. (United Kingdom), Good Soul Company (United States), Fontaine De Vie (Nigeria), Ecoideas (Canada) and Tradin Organic Agriculture B.V. (Netherland).
Segmentation Overview
AMA Research has segmented the market of Global Tiger Nuts market by Type (Black, Brown and Yellow), Application (Food Industry, Pharmaceutical Industry and Other (Cosmetic Industry, Textile Industry)) and Region.
On the basis of geography, the market of Tiger Nuts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Tiger Nuts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Raw will boost the Tiger Nuts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Offline (Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores) will boost the Tiger Nuts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Organic, Non-GMO, Gluten-Free Tiger Nuts
Market Growth Drivers:
Increasing Demand of Tiger Nuts from Consumers owing to Their High Nutritional Benefits and Protection against Aging and Diseases like Cancer and Heart Disease and Rising Demand for Plant-Based and Healthy Foods
Challenges:
High Consumption May Cause Some Gas, Bloating, Cramping, or Diarrhea for People with Digestive Issues Such As IBS or Sensitivities to High-Fiber Foods
Restraints:
Complex Production Process Requires a Lot of Time and Skilled Labors
Opportunities:
Increasing Investment in Research and Development Owing To a Superfood Category and Future of Space Foods
Market Leaders and their expansionary development strategies
In 2019, Tiger Nuts USA launched its new line extention SLICED Tiger Nuts as a healthier alternative to sliced almonds. The new line includes Gluten Free, Organic, Nut Free, High in Fiber, Paleo, Non-Allergenic, Non-GMO, and Kosher tiger nuts. The company's SLICED Premium Organic Tiger Nuts contain less fats and are nut-free compared to sliced almonds.
In 2020, Mosaic Grove, a United States company farming cashew and tiger nuts for processing and export, executed a deal to set up a processing factory at the WestPark industrial and Business Park in Ghana’s Western Region.
Key Target Audience
Tiger Nuts Producers, Raw Material Suppliers, Food Processing Industry, Pharmaceutical Industry, Research Institutes, End-User Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.