Tiger nuts, according to Jack Sims, who founded the country's first tiger nut business, have been consumed for 4,000 years. Tiger nuts, according to him, are tiny tubers that are high in fiber and low in calories and fat. Tiger nuts are also steadily gaining popularity as a food ingredient because they are nutrient-dense and free of allergens. It is a flexible raw material that is not only a superfood with high levels of fiber and vitamin E but also a very in-demand ingredient.
According to Data Bridge Market Research, 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.
“Growing demand of tiger nuts in cosmetic industry surge market demand"
Tiger nuts are in high demand in the cosmetics industry due to their beneficial components, including their high oleic acid, vitamin, and tocopherol content. Through, cold pressing tiger nuts tuber, which is related oil, many cosmetic-related oils are produced, avoiding the difficulties of chemical extraction processes. As a result, the market participant in the tiger nut market also places a focus on preserving its qualities, which aid in nourishing and softening the skin and hair.
What restraints the growth of the tiger nuts market?
“Shelf-life and storage challenges can impede the market growth”
Tiger nuts have a shorter shelf-life compared to other nuts due to their high oil content, making them prone to rancidity. To maintain their freshness and quality, tiger nuts require proper storage conditions, such as cool and dry environments. However, these storage challenges can affect product availability and shelf-life, potentially impacting market growth as it becomes more difficult to ensure a consistent supply of high-quality tiger nuts to consumers.
Segmentation: Global Tiger Nuts Market
The tiger nuts market is segmented on the basis of nature, size, product type, end use, application and distribution channels.
- On the basis of nature, the tiger nuts market is segmented into organic, and conventional.
- On the basis of size, the tiger nuts market is segmented into micro, small and large.
- On the basis of product type, the tiger nuts market is segmented into skinned tiger nuts, peeled tiger nuts, tiger nuts flour, tiger nuts extract, tiger nuts oil, and others.
- On the basis of end use, the tiger nuts market is segmented into food industry, retail, household and others.
- On the basis of application, the tiger nuts market is segmented into food and oil industry, medicine industry, cosmetic industry, and others.
- On the basis of distribution channels, the tiger nuts market is segmented into business to business, business to consumer, and others.
Regional Insights: Middle East and Africa dominate the Global Tiger Nuts Market
Middle East and Africa dominate the tiger nuts market in terms of revenue and market share owing to their intriguing qualities and beneficial effects on health. Horchata's high demand and the availability of tiger nuts will also likely contribute to the market's expansion.
North America is projected to experience rapid development in the tiger nuts market due to increasing awareness and knowledge about these products. The region's growing understanding of the uses and applications of tiger nuts across various industries is expected to drive their demand and contribute to market growth.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-tiger-nuts-market
Recent Developments in Global Tiger Nuts Market
- In 2020, Through the increase in demand following the pandemic, The Original Chufa Company, a major producer of Tiger nut milk, announced plans to double its output.
The Prominent Key Players Operating in the Global Tiger Nuts Market Include:
- Amandín (U.S.)
- Ecoideas (Canada)
- The Chufa Original Company (Canada)
Above are the key players covered in the report, to know about more and exhaustive list of global tiger nuts market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Tiger Nuts Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.