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The global chufa industry is significantly affected by North America's investment in the enhancement of wildlife habitats. The region shows a promising growth potential for chufa producers. It is predicted that Latin America and the Asia Pacific will have a substantial market share and will be rising at a substantial pace in the coming years. The product is widely known for its extensive nutrient content. NASA evaluated chufa as a potential food to be used in deep space missions. If only one food source was available for a long time, NASA concluded that chufa had a great nutritional value. The product also has excellent drying as well as storage properties and is rot and bacteria resistant. In a NASA bioregenerative life support system review, it was called the number one food product. The market for the product is also being propelled by its expanding distribution channels, especially e-retail channels like Amazon (NASDAQ: AMZN).
The Tiger Nut Company is a leading key player in the industry. The organisation manufactures genuine and special Valencian tiger nuts. The company has strict rules when it comes to the production of the product. In order to be labelled as certified and display the Chufa de Valencia logo, each farmer or grower needs to follow strict rules while harvesting and growing tiger nuts naturally and sustainably. These parameters include the quality, size, drying process, as well as packaging of the product. This sustainable practice has made the company garner more consumers, leading to a robust growth.
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The major players in the global chufa market are The Chufa Co., The Tiger Nut Company, Chufa De Valencia, and KCB International, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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