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 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
- 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
- Asia-Pacific
- Latin America
- Middle East and Africa
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
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Companies Mentioned
The key companies featured in this Chufa market report include:- The Chufa Co.
- The Tiger Nut Company
- Chufa De Valencia
- KCB International