What is Chestnut Ingredients Market?
Chestnut ingredients are starchy, sweet, rich in flavor, known as edible nuts, and are widely produced in the northern hemisphere region. There are basically four main species in the chestnut trees which include American chestnut, Chinese chestnut, Japanese chestnut, European chestnut, and additionally chinquapin. The chestnut ingredients are rich in minerals, vitamins, and phytonutrients and are used in confectionery, bakery, snacks, and dairy products.
Highlights from Chestnut Ingredients Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | ADM (United States), Olam Corporation (Singapore), Kanegrade (United Kingdom), Bredabest (Netherlands), Barry Callebaut Schweiz (Switzerland), Intersnack (Germany), CG Hacking & Sons (United Kingdom), Besanaworld (Italy), Voicevale (United Kingdom) and Merieux NutriSciences (United States) |
Manufacturers can focus on developing innovative chestnut ingredients that offer unique properties or applications. This could include introducing new forms of chestnut ingredients, such as powders, extracts, or specialty blends, or creating novel products that cater to specific dietary or culinary needs.
ADM (United States), Olam Corporation (Singapore), Kanegrade (United Kingdom), Bredabest (Netherlands), Barry Callebaut Schweiz (Switzerland), Intersnack (Germany), CG Hacking & Sons (United Kingdom), Besanaworld (Italy), Voicevale (United Kingdom) and Merieux NutriSciences (United States) are some of the key players profiled in the study. Chestnut Ingredients Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Confectioneries, Bakery Products, Dairy Products, Snacks & Bars and Others |
Type | American Chestnut, Chinese Chestnut, Japanese Chestnut, European Chestnut and Chinquapin |
Form | Powered,Pieces,Granules |
Distribution Channel | Supermarket,Convenience Stores,Online Stores,Others |
On the basis of geography, the market of Chestnut Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Usage of Chestnut Ingredients in the Confectioneries and Bakery Products
Market Growth Drivers:
Demand for Food Ingredients which are Rich in Minerals, Vitamins, and Phytonutrients and Growing Health Awareness Among People
Challenges:
Stiff Competition Among Chestnut Ingredients Players
Restraints:
Allergy-Related Problems with Consumption of Chestnut Ingredients and Price Fluctuations in the Chestnut Ingredients Market
Opportunities:
Rising Availability of Chestnut Ingredients in the Online Channel and Surging Investment of People in Healthy Food Ingredients will Boost the Chestnut Ingredients Market
Key Target Audience
Chestnut Ingredients Producers, Chestnut Ingredients International Traders, Chestnut Ingredients Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Market Leaders & Development Strategies
In 2018, Mérieux NutriSciences acquired ABC Research Laboratories, a contract laboratory based in the United States. This acquisition expanded Mérieux NutriSciences' testing capabilities and geographical presence in North America.
On 3rd June 2020, Mérieux expands the US footprint with Chestnut Labs. Mérieux NutriSciences has acquired US-based food safety services provider Chestnut Labs from Dairy Farmers of America (DFA). The group’s activities help businesses deal with safety and quality challenges, including spoilage organisms and pathogens. Chestnut Labs carries out antimicrobial effectiveness testing, which measures the ability of products to inhibit specific microbes and utilize inoculations of microorganisms of interest. The company works with a variety of food offerings, including dairy, dry ingredients, and probiotics, and has extensive expertise in thermal, continuous microwave, and high-pressure processing. As a result of the deal, the buyer diversifies its service offering and expands its footprint across the US.
In the European Union (EU), the European Commission and the European Food Safety Authority (EFSA) play key roles in establishing and enforcing food safety regulations, including those related to chestnut ingredients.