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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.

Comments

  1. 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

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

    • 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

  2. 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 ?

  3. 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

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

  5. wants to start foxnuts trading business in my city

    kindly suggest

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

  7. Kindly guide how and where I can export fox nut

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

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

  10. export ourमुझे मखाना उत्पादन और निर्यात प्रक्रिया और अधिक मांग वाले देशों को समझने की जरूरत है। मैं इस उद्योग को जोड़ना चाहता हूं। कृपया सहायता करें।

  11. I want to export makhana on a global level pleas help me i have a company i can start export on immediate basis

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