Makhana Market Synopsis:

Makhana Market Size Was Valued at USD 49.42 Billion in 2024 and is Projected to Reach USD 120.62 Billion by 2032, Growing at a CAGR of 11.8% From 2025-2032.

Makhana is a healthy, nutrient-dense food and a good source of protein for vegan or vegetarian diets. Most are roasted or dried and are perfect as a snack or in salads and curries. Traditional cultures often cook fox nuts into desserts and puddings. Makhana is the seed of the Eurayle forex plant, which belongs to the Nymphaeaceae or water lily family. It’s also known as Fox nut, prickly water lily, or gorgon plant.

Makhana is highly nutritious and rich in protein, fiber, magnesium, potassium, phosphorus, iron, and zinc. It also contains antioxidants like flavonoids and polyphenols, which protect the body from oxidative stress and inflammation. Additionally, essential minerals like magnesium and potassium contribute to heart health and bone strength.

The market demand for fox nuts grows due to customers choosing nutritious snack options. The rising customer interest in health-conscious life has led to increased demand for protein-enriched snacks that contain low-fat content. Append to the typical benefits of dried fruits for nutritious snacking exists a potential risk of raising both calorie and sugar levels from excessive consumption. Consumers choose fox nuts as a wellness-oriented food option since these nuts provide essential nutrients but also work well in combination with soup and vegetables. This food item provides fiber and minerals along with magnesium, protein, vitamins, and nutritional value. The medicinal value of these nuts helps patients fight diseases of diabetes plus blood pressure body stress and chronic illnesses to lead a healthy life.

Makhana Market

Makhana Market Growth and Trend Analysis:

Fox Nuts are Gaining Popularity as a High-Protein, Gluten-Free Snack

  • The demand for nutritious food has increased since the Pandemic. People are often concerned about their health and their immunity after COVID-19. People are more interested in having natural food consumption than medicine as a supplement to boost overall health and immunity.
  • There are various noncereal foods, such as Buckwheat, Amarnath, Aquatic cash crops, etc., packed with nutrients that can consumed daily in proper proportion naturally without buying any medicine supplement to improve overall health and immunity. The aquatic cash crop and fox nut (Makhanas), both are noncereal, nutritious, rich in medicinal properties, and good for a healthy daily diet.
  • The nutrients contained are vitamins, minerals and fibres. Fox nuts (Makhanas), derived from lotus seeds, are white puffs roasted over high flames. Each pod contains around 20 seeds, which reach maturity within 40 days. The outer black shell breaks open, revealing the puffs known as makhanas in India. Fox nuts (Makhanas) dominate global production in India, contributing 70-80% of the total yield. Asian countries like Bangladesh, China, Japan, Korea and Russia also cultivate Makhana in their wild farm.

Lack of Scientific Knowledge

  • Despite the growing demand for fox nuts (makhana), several factors restrain its production. Labor-intensive harvesting and processing remain the biggest challenges, as makhana cultivation requires significant manual effort, from seed collection to roasting. Climate dependency also affects yield, as makhana grows in stagnant water bodies that are highly sensitive to seasonal variations, monsoons, and water availability. The major constraints of the Makahana cultivation includes the Lack of scientific knowledge of cultivation as most of the cultivation is done only by traditional methods, Lack of ownership of pond or land as the farmers/growers cultivates Makhana on leased private or government land or ponds.

Rising Health Awareness, Dietary Shifts, and Growing Industry Expansion

  • The fox nut market, particularly known for its nutritional benefits and versatility, is poised for significant growth across various applications. As consumers increasingly prioritize healthy snacking options, the demand for fox nuts, or makhana, is expanding beyond traditional uses. Opportunities are emerging in sectors such as healthy snacks, functional foods, culinary applications, natural ingredients for cosmetics, and dietary supplements. By leveraging these applications, businesses can tap into evolving consumer preferences for natural, wholesome, and nutrient-rich products, positioning themselves strategically in a competitive market landscape.
  • The consumption of fox nuts has evolved beyond regional popularity into a global health food which demonstrates huge commercial potential for worldwide markets. The rise of health consideration along with dietary changes combined with consumers pursuing new snack alternatives creates promising market conditions for international success of fox nuts. The manufacturing sector and branding initiatives combined with consumer education about product advantages indicate formal industry expansion will be substantial during future years.

Limited Availability of High-Quality Raw Materials

  • limited availability of high-quality raw materials, as makhana cultivation is geographically concentrated in select regions like India’s Bihar and parts of Nepal, making the supply chain vulnerable to climatic, logistical, and local market fluctuations. Additionally, the labor-intensive nature of makhana harvesting and processing increases production costs and limits scalability, particularly for small and medium-scale enterprises.

Makhana Market Segment Analysis:

Makhana Market is segmented based on product, application, and region

By Product, Organic segment is expected to dominate the market during the forecast period

  • The market shows an increasing dominance of organic fox nut (Makhana) as consumers recognize its nutritional value and organic standards and the expanding international market demand. Fox nuts achieve their market demand due to they deliver substantial nutrition from their non-cereal status and contain protein together with carbohydrates and essential minerals that appeal to consumers interested in health. Market demand increases due to the chemical-free cultivation practices used for organic fox nut production.
  • In India, Bihar, the leading producer, plays a crucial role in its supply chain, supporting numerous farmers' livelihoods. The market trend towards fox nut has created a substantial price increase which demonstrates its dominant position in the industry. Consumer interest in organic fox nuts (Makhana) along with their preference for nutritious food grown organically and without chemicals is pushing the market toward rapid growth. The global market demand for fox nuts increases at a rapid pace due to their non-cereal characteristics and their ability to deliver high protein and essential mineral content. Health-conscious consumers choose fox nuts as an alternative for protein sources.

By Application, Food and Beverages segment held the largest share in projected period

  • The popularity of fox nuts in the snack industry continues to grow due to their versatility and adaptability to various flavors. Roasting with added salt and spices enhances their taste, making them more appealing to consumers. As the food and beverage sector embraces healthier alternatives, innovation in flavoring, packaging, and marketing strategies can further accelerate the expansion of fox nuts in the market.
  • Roasting plays a crucial role in enhancing both the texture and nutritional profile of fox nuts, making them a standout choice in the evolving food and beverage sector. This process significantly boosts their phenolic and flavonoid content, leading to improved antioxidant activity compared to unroasted fox nuts. Additionally, roasting elevates their protein and mineral levels, enhancing their overall nutrient density.
  • With their high protein content, fox nuts serve as an excellent plant-based protein source, appealing to the growing population of health-conscious and vegetarian consumers. One of the key advantages highlighted in this study is their low glycemic index (GI), positioning them as a superior alternative to conventional high-calorie and processed snacks. Their low GI contributes to prolonged satiety, better hunger control, and potential obesity management, aligning with the increasing demand for functional and health-oriented snacks.

Makhana Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

  • Makhana finds significant popularity throughout India together with China and Japan and Thailand. The market potential of Makhana extends throughout Western nations including UK and USA but remains considerably underdeveloped. India rules the global fox nut exporting market by sending 90% of worldwide exports toward more than 100 foreign nations throughout Europe the Americas and the Middle East and especially the UAE. The eastern state of Bihar stands as the biggest Indian producer of makhana by contributing 80% of national harvest annual output reaches about 10,000 tonnes consistently based on government statistics. The makhana cultivation excellence of Bihar led the government to award it the prestigious Geographical Indication (GI) tag.
  • The increase in consumer demand for fox nuts prompted farmers to replan their operations from regular crops to makhana cultivation thus enhancing their economic situation. The extensive need for manual work in makhano cultivation has not deterred additional people from adopting its farming practices. Makhana has gained worldwide popularity due to its nutritional advantages and reduced calorie content which drives manufacturers to develop innovative product ranges including flavored roasted and ready-made varieties that suit modern consumer tastes globally.

Makhana Market Active Players:

  • Bhagyalaxmi Foods Pvt. Ltd. (India)
  • Canpac Foods Ltd. (India)
  • Caryopses Pvt. Ltd. (India)
  • Deliciano Global Pvt. Ltd. (India)
  • Everlasting Natural Products Pvt. Ltd. (India)
  • Gopala Fresh Produce Private Limited (India)
  • Hindustan Foreign Traders (HFT Group) (India)
  • Hunan Cereals, Oils and Foodstuffs Import and Export Group Co. Ltd. (China)
  • Indulge Foods Private Limited (India)
  • K.K. Products (India)
  • Madhubani Makhana Private Limited (India)
  • Mahaveer Udhyog (India)
  • Makhana Amrit Mantra Pte. Ltd. (Singapore)
  • Manju Makhana Enterprises (India)
  • Maruti Makhana (India)
  • Nijjer Agro Foods Ltd. (India)
  • Other Active Players
  • Rajeev Foods Pvt. Ltd. (India)
  • Sattviko (India)
  • Shakti Sudha (India)
  • Vishal Nuts (India)
  • Other Active Players

Key Industry Developments in the Makhana Market:

  • In Feb 2025, Union Finance Minister of India announced that a special Makhana Board will be set up in Bihar. “This will improve production, marketing, and value addition of Makhana in the State.” The Budget will have measures on taxation, power sector, urban development, mining, financial sector, and regulatory reforms.
  • In December 2024, to promote and expand the market for Bihar’s key agricultural product, makhana, along with other food products, the Bihar government has organized a two-day 'Makhana Mahotsav' in Bengaluru. This event aims to showcase the nutritional benefits, culinary versatility, and economic potential of makhana while creating opportunities for farmers, traders, and food industry stakeholders to connect with wider markets. The festival features exhibitions, tasting sessions, and discussions on enhancing production, marketing, and value addition in the makhana industry.

Makhana Market

Base Year:

2024

Forecast Period:

2025-2032

Historical Data:

2018 to 2024

Market Size in 2024:

USD 49.42 Bn.

Forecast Period 2025-32 CAGR:

11.8 %

Market Size in 2032:

USD 120.62 Mn.

Segments Covered:

By Product

  • Organic
  • Inorganic

By Application

  • Food and Beverages
  • Confectionery
  • Snacks
  • Dietary Supplements
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Türkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Growth Driver:

  • Fox Nuts are Gaining Popularity as a High-Protein, Gluten-Free Snack

Limiting Factor

  • Lack of Scientific Knowledge

Expansion Opportunity

  • Rising Health Awareness, Dietary Shifts, and Growing Industry Expansion

Challenge Barrier

  • Limited Availability Of High-Quality Raw Materials

Companies Covered in the Report:

  • Bhagyalaxmi Foods Pvt. Ltd. (India), Canpac Foods Ltd. (India), Caryopses Pvt. Ltd. (India), Deliciano Global Pvt. Ltd. (India), Everlasting Natural Products Pvt. Ltd. (India), and Other Active Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Makhana Market by Product Type
 4.1 Makhana Market Snapshot and Growth Engine
 4.2 Makhana Market Overview
 4.3 Raw Makhana
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Raw Makhana: Geographic Segmentation Analysis
 4.4 Roasted Makhana
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Roasted Makhana: Geographic Segmentation Analysis
 4.5 Flavored Makhana
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Flavored Makhana: Geographic Segmentation Analysis
 4.6 and Makhana Powder
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 and Makhana Powder: Geographic Segmentation Analysis

Chapter 5: Makhana Market by Nature
 5.1 Makhana Market Snapshot and Growth Engine
 5.2 Makhana Market Overview
 5.3 Organic and Inorganic
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Organic and Inorganic: Geographic Segmentation Analysis

Chapter 6: Makhana Market by Application
 6.1 Makhana Market Snapshot and Growth Engine
 6.2 Makhana Market Overview
 6.3 Food and Beverages
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Food and Beverages: Geographic Segmentation Analysis
 6.4 Confectionery
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Confectionery: Geographic Segmentation Analysis
 6.5 Snacks
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Snacks: Geographic Segmentation Analysis
 6.6 Dietary Supplements
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Dietary Supplements: Geographic Segmentation Analysis
 6.7 and Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 and Others: Geographic Segmentation Analysis

Chapter 7: Makhana Market by Distribution Channel
 7.1 Makhana Market Snapshot and Growth Engine
 7.2 Makhana Market Overview
 7.3 Supermarkets/Hypermarkets
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Supermarkets/Hypermarkets: Geographic Segmentation Analysis
 7.4 Convenience Stores
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Convenience Stores: Geographic Segmentation Analysis
 7.5 Specialty Stores
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Specialty Stores: Geographic Segmentation Analysis
 7.6 and Online Retail
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 and Online Retail: Geographic Segmentation Analysis

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Benchmarking
  8.1.2 Makhana Market Share by Manufacturer (2024)
  8.1.3 Industry BCG Matrix
  8.1.4 Heat Map Analysis
  8.1.5 Mergers and Acquisitions  
 8.2 BHAGYALAXMI FOODS PVT. LTD. (INDIA)
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Role of the Company in the Market
  8.2.5 Sustainability and Social Responsibility
  8.2.6 Operating Business Segments
  8.2.7 Product Portfolio
  8.2.8 Business Performance
  8.2.9 Key Strategic Moves and Recent Developments
  8.2.10 SWOT Analysis
 8.3 CANPAC FOODS LTD. (INDIA)
 8.4 CARYOPSES PVT. LTD. (INDIA)
 8.5 DELICIANO GLOBAL PVT. LTD. (INDIA)
 8.6 EVERLASTING NATURAL PRODUCTS PVT. LTD. (INDIA)
 8.7 GOPALA FRESH PRODUCE PRIVATE LIMITED (INDIA)
 8.8 HINDUSTAN FOREIGN TRADERS (HFT GROUP) (INDIA)
 8.9 HUNAN CEREALS
 8.10 OILS AND FOODSTUFFS IMPORT AND EXPORT GROUP CO. LTD. (CHINA)
 8.11 INDULGE FOODS PRIVATE LIMITED (INDIA)
 8.12 K.K. PRODUCTS (INDIA)
 8.13 MADHUBANI MAKHANA PRIVATE LIMITED (INDIA)
 8.14 MAHAVEER UDHYOG (INDIA)
 8.15 MAKHANA AMRIT MANTRA PTE. LTD. (SINGAPORE)
 8.16 MANJU MAKHANA ENTERPRISES (INDIA)
 8.17 MARUTI MAKHANA (INDIA)
 8.18 NIJJER AGRO FOODS LTD. (INDIA)
 8.19 RAJEEV FOODS PVT. LTD. (INDIA)
 8.20 SATTVIKO (INDIA)
 8.21 SHAKTI SUDHA (INDIA)
 8.22 VISHAL NUTS (INDIA)
 8.23 OTHER ACTIVE PLAYERS.

Chapter 9: Global Makhana Market By Region
 9.1 Overview
9.2. North America Makhana Market
  9.2.1 Key Market Trends, Growth Factors and Opportunities
  9.2.2 Top Key Companies
  9.2.3 Historic and Forecasted Market Size by Segments
  9.2.4 Historic and Forecasted Market Size By Product Type
  9.2.4.1 Raw Makhana
  9.2.4.2 Roasted Makhana
  9.2.4.3 Flavored Makhana
  9.2.4.4 and Makhana Powder
  9.2.5 Historic and Forecasted Market Size By Nature
  9.2.5.1 Organic and Inorganic
  9.2.6 Historic and Forecasted Market Size By Application
  9.2.6.1 Food and Beverages
  9.2.6.2 Confectionery
  9.2.6.3 Snacks
  9.2.6.4 Dietary Supplements
  9.2.6.5 and Others
  9.2.7 Historic and Forecasted Market Size By Distribution Channel
  9.2.7.1 Supermarkets/Hypermarkets
  9.2.7.2 Convenience Stores
  9.2.7.3 Specialty Stores
  9.2.7.4 and Online Retail
  9.2.8 Historic and Forecast Market Size by Country
  9.2.8.1 US
  9.2.8.2 Canada
  9.2.8.3 Mexico
9.3. Eastern Europe Makhana Market
  9.3.1 Key Market Trends, Growth Factors and Opportunities
  9.3.2 Top Key Companies
  9.3.3 Historic and Forecasted Market Size by Segments
  9.3.4 Historic and Forecasted Market Size By Product Type
  9.3.4.1 Raw Makhana
  9.3.4.2 Roasted Makhana
  9.3.4.3 Flavored Makhana
  9.3.4.4 and Makhana Powder
  9.3.5 Historic and Forecasted Market Size By Nature
  9.3.5.1 Organic and Inorganic
  9.3.6 Historic and Forecasted Market Size By Application
  9.3.6.1 Food and Beverages
  9.3.6.2 Confectionery
  9.3.6.3 Snacks
  9.3.6.4 Dietary Supplements
  9.3.6.5 and Others
  9.3.7 Historic and Forecasted Market Size By Distribution Channel
  9.3.7.1 Supermarkets/Hypermarkets
  9.3.7.2 Convenience Stores
  9.3.7.3 Specialty Stores
  9.3.7.4 and Online Retail
  9.3.8 Historic and Forecast Market Size by Country
  9.3.8.1 Russia
  9.3.8.2 Bulgaria
  9.3.8.3 The Czech Republic
  9.3.8.4 Hungary
  9.3.8.5 Poland
  9.3.8.6 Romania
  9.3.8.7 Rest of Eastern Europe
9.4. Western Europe Makhana Market
  9.4.1 Key Market Trends, Growth Factors and Opportunities
  9.4.2 Top Key Companies
  9.4.3 Historic and Forecasted Market Size by Segments
  9.4.4 Historic and Forecasted Market Size By Product Type
  9.4.4.1 Raw Makhana
  9.4.4.2 Roasted Makhana
  9.4.4.3 Flavored Makhana
  9.4.4.4 and Makhana Powder
  9.4.5 Historic and Forecasted Market Size By Nature
  9.4.5.1 Organic and Inorganic
  9.4.6 Historic and Forecasted Market Size By Application
  9.4.6.1 Food and Beverages
  9.4.6.2 Confectionery
  9.4.6.3 Snacks
  9.4.6.4 Dietary Supplements
  9.4.6.5 and Others
  9.4.7 Historic and Forecasted Market Size By Distribution Channel
  9.4.7.1 Supermarkets/Hypermarkets
  9.4.7.2 Convenience Stores
  9.4.7.3 Specialty Stores
  9.4.7.4 and Online Retail
  9.4.8 Historic and Forecast Market Size by Country
  9.4.8.1 Germany
  9.4.8.2 UK
  9.4.8.3 France
  9.4.8.4 The Netherlands
  9.4.8.5 Italy
  9.4.8.6 Spain
  9.4.8.7 Rest of Western Europe
9.5. Asia Pacific Makhana Market
  9.5.1 Key Market Trends, Growth Factors and Opportunities
  9.5.2 Top Key Companies
  9.5.3 Historic and Forecasted Market Size by Segments
  9.5.4 Historic and Forecasted Market Size By Product Type
  9.5.4.1 Raw Makhana
  9.5.4.2 Roasted Makhana
  9.5.4.3 Flavored Makhana
  9.5.4.4 and Makhana Powder
  9.5.5 Historic and Forecasted Market Size By Nature
  9.5.5.1 Organic and Inorganic
  9.5.6 Historic and Forecasted Market Size By Application
  9.5.6.1 Food and Beverages
  9.5.6.2 Confectionery
  9.5.6.3 Snacks
  9.5.6.4 Dietary Supplements
  9.5.6.5 and Others
  9.5.7 Historic and Forecasted Market Size By Distribution Channel
  9.5.7.1 Supermarkets/Hypermarkets
  9.5.7.2 Convenience Stores
  9.5.7.3 Specialty Stores
  9.5.7.4 and Online Retail
  9.5.8 Historic and Forecast Market Size by Country
  9.5.8.1 China
  9.5.8.2 India
  9.5.8.3 Japan
  9.5.8.4 South Korea
  9.5.8.5 Malaysia
  9.5.8.6 Thailand
  9.5.8.7 Vietnam
  9.5.8.8 The Philippines
  9.5.8.9 Australia
  9.5.8.10 New Zealand
  9.5.8.11 Rest of APAC
9.6. Middle East & Africa Makhana Market
  9.6.1 Key Market Trends, Growth Factors and Opportunities
  9.6.2 Top Key Companies
  9.6.3 Historic and Forecasted Market Size by Segments
  9.6.4 Historic and Forecasted Market Size By Product Type
  9.6.4.1 Raw Makhana
  9.6.4.2 Roasted Makhana
  9.6.4.3 Flavored Makhana
  9.6.4.4 and Makhana Powder
  9.6.5 Historic and Forecasted Market Size By Nature
  9.6.5.1 Organic and Inorganic
  9.6.6 Historic and Forecasted Market Size By Application
  9.6.6.1 Food and Beverages
  9.6.6.2 Confectionery
  9.6.6.3 Snacks
  9.6.6.4 Dietary Supplements
  9.6.6.5 and Others
  9.6.7 Historic and Forecasted Market Size By Distribution Channel
  9.6.7.1 Supermarkets/Hypermarkets
  9.6.7.2 Convenience Stores
  9.6.7.3 Specialty Stores
  9.6.7.4 and Online Retail
  9.6.8 Historic and Forecast Market Size by Country
  9.6.8.1 Turkiye
  9.6.8.2 Bahrain
  9.6.8.3 Kuwait
  9.6.8.4 Saudi Arabia
  9.6.8.5 Qatar
  9.6.8.6 UAE
  9.6.8.7 Israel
  9.6.8.8 South Africa
9.7. South America Makhana Market
  9.7.1 Key Market Trends, Growth Factors and Opportunities
  9.7.2 Top Key Companies
  9.7.3 Historic and Forecasted Market Size by Segments
  9.7.4 Historic and Forecasted Market Size By Product Type
  9.7.4.1 Raw Makhana
  9.7.4.2 Roasted Makhana
  9.7.4.3 Flavored Makhana
  9.7.4.4 and Makhana Powder
  9.7.5 Historic and Forecasted Market Size By Nature
  9.7.5.1 Organic and Inorganic
  9.7.6 Historic and Forecasted Market Size By Application
  9.7.6.1 Food and Beverages
  9.7.6.2 Confectionery
  9.7.6.3 Snacks
  9.7.6.4 Dietary Supplements
  9.7.6.5 and Others
  9.7.7 Historic and Forecasted Market Size By Distribution Channel
  9.7.7.1 Supermarkets/Hypermarkets
  9.7.7.2 Convenience Stores
  9.7.7.3 Specialty Stores
  9.7.7.4 and Online Retail
  9.7.8 Historic and Forecast Market Size by Country
  9.7.8.1 Brazil
  9.7.8.2 Argentina
  9.7.8.3 Rest of SA

Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies

Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
 

Makhana Market

Base Year:

2024

Forecast Period:

2025-2032

Historical Data:

2018 to 2024

Market Size in 2024:

USD 49.42 Bn.

Forecast Period 2025-32 CAGR:

11.8 %

Market Size in 2032:

USD 120.62 Mn.

Segments Covered:

By Product

  • Organic
  • Inorganic

By Application

  • Food and Beverages
  • Confectionery
  • Snacks
  • Dietary Supplements
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Türkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Growth Driver:

  • Fox Nuts are Gaining Popularity as a High-Protein, Gluten-Free Snack

Limiting Factor

  • Lack of Scientific Knowledge

Expansion Opportunity

  • Rising Health Awareness, Dietary Shifts, and Growing Industry Expansion

Challenge Barrier

  • Limited Availability Of High-Quality Raw Materials

Companies Covered in the Report:

  • Bhagyalaxmi Foods Pvt. Ltd. (India), Canpac Foods Ltd. (India), Caryopses Pvt. Ltd. (India), Deliciano Global Pvt. Ltd. (India), Everlasting Natural Products Pvt. Ltd. (India), and Other Active Players.

Frequently Asked Questions :

What would be the forecast period in the Makhana Market research report?
The forecast period in the Makhana Market research report is 2024-2032.
Who are the key players in the Makhana Market?
Bhagyalaxmi Foods Pvt. Ltd. (India), Canpac Foods Ltd. (India), Caryopses Pvt. Ltd. (India), Deliciano Global Pvt. Ltd. (India), Everlasting Natural Products Pvt. Ltd. (India), Gopala Fresh Produce Private Limited (India), Hindustan Foreign Traders (HFT Group) (India), Hunan Cereals, Oils and Foodstuffs Import and Export Group Co. Ltd. (China), Indulge Foods Private Limited (India), K.K. Products (India), Madhubani Makhana Private Limited (India), Mahaveer Udhyog (India), Makhana Amrit Mantra Pte. Ltd. (Singapore), Manju Makhana Enterprises (India), Maruti Makhana (India), Nijjer Agro Foods Ltd. (India), Rajeev Foods Pvt. Ltd. (India), Sattviko (India), Shakti Sudha (India), Vishal Nuts (India), and Other Active Players.
What are the segments of the Makhana Market?
The Makhana Market is segmented into Type, Product, Application, and Region. By Product, it is categorized into Organic and inorganic. By Application, it is categorized into Food and Beverages, Confectionery, Snacks, Dietary Supplements, and Others. By Region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Makhana Market?
Makhana is a healthy, nutrient-dense food and a good source of protein for vegan or vegetarian diets. Most are roasted or dried and are perfect as a snack or in salads and curries. Traditional cultures often cook fox nuts into desserts and puddings. Makhana is the seed of the Eurayle forex plant, which belongs to the Nymphaeaceae or water lily family. It’s also known as Fox nut, prickly water lily, or gorgon plant.
How big is the Makhana Market?
Makhana Market Size Was Valued at USD 49.42 Billion in 2024 and is Projected to Reach USD 120.62 Billion by 2032, Growing at a CAGR of 11.8% From 2025-2032.