Foxnuts – Global prospects and opportunities

TPCI-IBT-Business-Perspectives

Makhana (Foxnut), also known as Gorgon Nut, grows in India, Korea, Japan and Russia. It comes from the lotus seeds. Foxnut (Makhana) can be mixed with vegetables, popped like corn and made into yummy porridge. Makhana has been proven to be high nutrients food which is rich in medicinal properties and good for daily health diet. The nutrients contained are vitamin, minerals and fibers. HS code of foxnut at six-digit is 190410 & India’s tariff line nomenclature is 19041090.

India’s exports of fox nuts grew at 11.2% annually from 2013 to 2017. In FY 2017-18, India exported US$ 21.2 Mn worth of fox nuts to the world

Foxnuts have several health benefits which are boosting its popularity among consumers who prefer healthy and natural food products. Foxnuts are gluten-free and rich in protein, carbohydrates, calcium, magnesium, and antioxidants. It also has a low glycemic index and low in calorie and fat content. These factors make it an ideal food product for people suffering from high blood pressure, diabetes, chronic inflammation, and body stress. The health benefits of fox nuts are expected to increase its popularity and thereby boost market growth.

Foxnuts are highly popular in countries of APAC such as India, China, Japan, and Thailand. However, the potential of the foxnuts market in Western countries such as the UK and the US is still untapped. With growing consumer awareness about the several health benefits of foxnuts, its demand is expected to increase rapidly in these countries. To tap into this high growth potential of the market, various start-ups have started offering foxnut products in these countries. The presence of a large number of untapped markets will also encourage new players to enter the market. This, in turn, will drive the growth of the foxnuts market at a CAGR of almost 7% during the forecast period of 2019-2023.

The global foxnuts market size will grow by USD 72.5 million during 2019-2023.

Export Promotion Strategy

APEDA proposes to interact with the State Governments of Makhana producing states and ICAR institutions to collate production data and identify specific pockets for inducing development programs for export growth. APEDA also proposes to conduct export awareness programs for Makhana. Assistance under Agriculture Export Promotion Plan Scheme of APEDA will be extended to potential export units in the producing states. APEDA proposes to get geo mapping conducted to estimate the number of ponds, district wise production, and productivity calculation. APEDA also proposes to interact with ICAR RCER Research Centre for Makhana located at Darbhanga, Bihar for assistance in promoting production and processing technology for Makhana.

5 1 vote
Article Rating

guest
26 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
V.K.Goel
V.K.Goel
1 year ago

Processing technology developed by ICAR-RCER in 2003 and by ICAR-CIPHET in 2013 and in 2016 are a commercial failure. SNV Innovatives,Pvt.Ltd,Noida , start up initiative has come up with a cost effective solution.APEADA may like to interact

BIKASH KUMAR SINGH
BIKASH KUMAR SINGH
1 year ago
Reply to  V.K.Goel

i need to understand Makahana production and export process and more demanding countries. i want associate this industry. Please assist.

GULSHAN KUMAR SWAIKA
GULSHAN KUMAR SWAIKA
1 year ago
Reply to  V.K.Goel

Hi sir, I searched for SNV Innovatives,Pvt.Ltd on google, but couldn’t find it and neither and cost effective solution related to such. Could You please help it out

V.K.Goel
V.K.Goel
1 year ago

Ok.I am ready for a detailed discussion on the production,processing and marketing aspects of Makhana.I developed this capability through my field research on Makhana in 2016-17 under an MIDH project .Who is the speaker on another side please ?

Nilmani Nanda
Nilmani Nanda
1 year ago
Reply to  V.K.Goel

Hi please contact. Need to discuss further on Makhana biz

gautam kumar
gautam kumar
1 year ago
Reply to  Nilmani Nanda
Subhash Kumar Jha
Subhash Kumar Jha
1 year ago
Reply to  V.K.Goel

I am farmer of makhana

Vijaya Tripathi
Vijaya Tripathi
5 months ago

Can I get more details about you, contact number and phone number

V.K.Goel
V.K.Goel
1 year ago

Hello Sirs and Gentlemen concerning Makhana. My company” SNV Innpvatives Pvt Ltd” at NOIDA can revolutionise Makhana through stretegic Management of its production,processing and Marketing. anyone willing to interact with us may please call or mail

Mohammad Haseeb
Mohammad Haseeb
1 year ago
Reply to  V.K.Goel

Contact me on my email ID haseeb.tata@gmail.com

nit
nit
1 year ago
Reply to  V.K.Goel

HI, I am a supplier of Makhana ( Fox Nut), Kindly mail me and we can connect and understand the needs, brainohlic@gmail.com

PRADEEP
PRADEEP
1 year ago
Reply to  V.K.Goel

CALL ME AT 7982112894 FOR MAKHANA BUSINESS.

Dhiraj
Dhiraj
1 year ago
Reply to  V.K.Goel

Hi, Please call me on 9315666436 or mail on dhiraj@whatthehell.co

Amul Ratan Makhana
Amul Ratan Makhana
1 year ago
Reply to  Dhiraj

we are makhana manufacturers in Darbhanga . we are growing makhana on large scale . wholesale dealer/exporters/suppliers can call bulk order of makhana.
9899524896, 8076505058

Ankur Kumar Sinha
Ankur Kumar Sinha
5 months ago

Pls contact me at ankur19sinha@gmail.com

Nitin Kutwal
Nitin Kutwal
1 year ago
Reply to  V.K.Goel

Good to know that , would love to connect and discuss the same , Globally ,we would like to explore more in this category.

Sulabh
Sulabh
1 year ago
Reply to  V.K.Goel

Kindly give the details of makhana processing project cost and other details

Sanjay Gupta
Sanjay Gupta
6 months ago
Reply to  V.K.Goel

Would appreciate a call at 9899028128

Naisha De
Naisha De
1 year ago

This video will explain as to how Makhana is grown.
https://www.youtube.com/watch?v=NiGUIAVZOhw

Rohit kohli
Rohit kohli
1 year ago

wants to start foxnuts trading business in my city

kindly suggest

Kumar Amitabh
1 year ago

Good knowledge about fox nut kindly guide how and where can I export this item

Kumar Amitabh
Kumar Amitabh
1 year ago

Kindly guide how and where I can export fox nut

dilip
dilip
1 year ago

We are interested in export of makhana n like to proceed kindly guide.
shah4international@gmail.com
91-9820383575

amit
amit
9 months ago
Reply to  dilip

please contact for all varieties of makhana

amit
amit
9 months ago

We pioneered the commercial manufacturing of Fox nuts as an organic food source in Madhubani, darbhanga, and koshi Bihar in India

Subscribe To Newsletter

Get to know of latest happening in TPCI & in the world of trade and commerce