The Indian makhana market's driving forces surpassed INR 100 billion

The Fox Nuts (Makhana) market is expected to grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2032, from its estimated value of US$ 109 million in 2024 to US$ 192.6 million. 

In 2023, the market for makhana in India was valued at INR 100.3 billion. IMARC Group projects that the market will grow at a compound annual growth rate (CAGR) of 10.56% from 2024 to 2032 when it reaches INR 254.3 billion.

The primary cause of the increased demand for makhana around the world is that it is inherently gluten-free; it can satisfy the needs of people who are embracing a gluten-free lifestyle or those who have sensitivity to gluten without sacrificing flavor or texture.

However, India leads the world in makhana exports, holding 90% of the total, followed by the United States, Canada, and Australia. Also, the trending Makhana categories in the global market have the HS codes 19041090, 21069099, and 8134090.