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Global Chufa Market to Grow at a CAGR of 6% During 2021-2026, Aided by the Health Benefits of the Product

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Global Chufa Market: By Size: Micro, Small, Others; By Type: Organic, Conventional; By Product: Milk, Flour, Oil, Skinned, Peeled, and Dried Tiger Nuts, Others; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Chufa Market Outlook

The global chufa market is expected to grow at a CAGR of 6% in the forecast period of 2021-2026.

 

Chufa Market

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Europe and the Middle East and Africa Aiding the Market Growth for Chufa

The global chufa market is significantly being driven by the growth in Europe and the Middle East and Africa. The growth of the market in the regions is being spurred as the product is readily available for use. The product is widely used for the production of horchata, a kind of vegetable milk. Both the regions are witnessing a robust growth in both production and consumption due to their tropical weather as well as the rising awareness about the health benefits among consumers. Chufa based products are widely used among the population, especially in countries like Spain and Ghana, which is further propelling the market forward.

 

Chufa Market by End Use

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Chufa: Industry Definition and Segmentation

Chufa is a perennial plant of the rush family and is grown on moist and wet soils in warm climates. The small, round tubers with roots have a slight almond taste and are raw or cooked or transformed into a traditional chufa drink known as horchata. The plant tubers contain high protein, carbohydrate, and oleic acid levels and a non-drying oil. The oil is obtained in the same way as conventional olive oil extractions by pressing the cleaned tubers. The taste of the oil is gentle and is thought to be comparable to olive oil as a food oil, but of superior quality.

Based on size, the industry can be divided into the following:

  • Micro 
  • Small
  • Others

The types of chufa can be divided into organic and conventional.

The products of chufa included in the market are:

  • Tiger Nuts Milk
  • Tiger Nuts Flour 
  • Tiger Nuts Oil 
  • Skinned Tiger Nuts
  • Peeled Tiger Nuts
  • Dried Tiger Nuts
  • Others

Chufa finds its end-use in the following industries:

  • Alimentary
  • Pharmaceutical
  • Others

The regional markets for chufa can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Chufa Market by Region

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Rising Awareness of the Health Benefits of Chufa Bolstering the Market Growth

The market is being driven by the rising awareness about the health benefits of chufa among the consumers. The product is extremely nutritious as the tubers provide a high amount of carbohydrate, protein, as well as oleic acid. It is also known to provide a non-drying oil, which is widely used in lubricants and in cosmetics products. In China, the product is widely used as a liver tonic to cure mouth ulcers. Chufa finds wide applications in the pharmaceuticals sectors as it is also used in various cancer-curing medicines, especially in Africa. Such factors are expected to support the growth of the market in the coming years. The market is also being supported by the rising R&D activities in the industry globally.

 

Key Industry Players in the Global Chufa Market

The report gives a detailed analysis of the following key players in the global chufa market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • The Chufa Co. 
  • The Tiger Nut Company 
  • Chufa De Valencia 
  • KCB International 
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Chufa Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Chufa Historical Market (2016-2020) 
    8.3    Global Chufa Market Forecast (2021-2026)
    8.4    Global Chufa Market by Size
        8.4.1    Micro
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Small
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Others
    8.5    Global Chufa Market by Type
        8.5.1    Organic
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Conventional
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Chufa Market by Product
        8.6.1    Tiger Nuts Milk
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Tiger Nuts Flour
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Tiger Nuts Oil
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Skinned Tiger Nuts
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Peeled Tiger Nuts
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        8.6.6    Dried Tiger Nuts
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2016-2020)
            8.6.6.3    Forecast Trend (2021-2026)
        8.6.7    Others
    8.7    Global Chufa Market by End Use
        8.7.1    Alimentary
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Pharmaceutical
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Others
    8.8    Global Chufa Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
    12.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    The Chufa Co.
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    The Tiger Nut Company
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Chufa De Valencia
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    KCB International
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Others
14    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments

 

List of Figures and Tables

1.    Global Chufa Market: Key Industry Highlights, 2016 and 2026
2.    Global Chufa Historical Market: Breakup by Size (USD Billion), 2016-2020
3.    Global Chufa Market Forecast: Breakup by Size (USD Billion), 2021-2026
4.    Global Chufa Historical Market: Breakup by Source (USD Billion), 2016-2020
5.    Global Chufa Market Forecast: Breakup by Source (USD Billion), 2021-2026
6.    Global Chufa Historical Market: Breakup by Product (USD Billion), 2016-2020
7.    Global Chufa Market Forecast: Breakup by Product (USD Billion), 2021-2026
8.    Global Chufa Historical Market: Breakup by End Use (USD Billion), 2016-2020
9.    Global Chufa Market Forecast: Breakup by End Use (USD Billion), 2021-2026
10.    Global Chufa Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Chufa Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Chufa Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Chufa Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Chufa Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Chufa Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Chufa Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Chufa Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Chufa Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Chufa Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Chufa Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Chufa Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    North America Historical Price Trends and Forecast 2016-2026
23.    Europe Historical Price Trends and Forecast 2016-2026
24.    Asia Pacific Historical Price Trends and Forecast 2016-2026
25.    Latin America Historical Price Trends and Forecast 2016-2026
26.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
27.    Global Chufa Market Structure

Key Questions Answered in the Report

What is the growth rate of the global chufa market?

The global chufa market is projected to grow at a CAGR of 6% between 2021 and 2026.

What are the major industry drivers?

The major drivers of the industry, such as rising disposable incomes, increasing population, healthy growth in both production and consumption, increasing health awareness, and rising demand from the cosmetics and pharmaceutical industries, are expected to aid the market growth.

What are the key industry trends of the global seatbelt retractor market?

The key market trend guiding the growth of the market includes the growing R&D activities.

What are the major regional markets of chufa, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading sizes of chufa in the market?

The leading sizes of chufa in the market are micro and small, among others.

What are the major types of chufa in the industry?

The major types of chufa in the industry are organic and conventional.

What are the significant products of chufa?

The significant products of chufa are tiger nuts milk, tiger nuts flour, tiger nuts oil, skinned tiger nuts, peeled tiger nuts, and dried tiger nuts, among others.

What are the leading end-use sectors in the market?

The leading end-use sectors in the market are alimentary and pharmaceutical, among others.

Who are the key industry players, according to the report?

The major players in the industry are The Chufa Co., The Tiger Nut Company, Chufa De Valencia, and KCB International, among others.

Analyst Review

The global chufa market is being driven by the rising health consciousness. Aided by the growing R&D activities, the market is expected to witness a healthy growth in the forecast period of 2021-2026, growing at a CAGR of 6%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By size, the market is segmented into micro and small, among others. Based on type, the industry is divided into organic and conventional. By product, the industry is categorised into tiger nuts milk, tiger nuts flour, tiger nuts oil, skinned tiger nuts, peeled tiger nuts, and dried tiger nuts, among others. The major end-uses of chufa are alimentary and pharmaceutical, among others. The major regional markets for chufa are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include The Chufa Co., The Tiger Nut Company, Chufa De Valencia, and KCB International, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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