Chestnut Flour Market Scope
Chestnut Flour is derived from chestnuts, which are edible nuts normally found in the northern hemisphere. It is of sweet nature and is considered naturally gluten-free, thus emerging as an alternative to gluten-allergic people. Chestnut flour is considered high in vitamin C and thus is beneficial for heart patients, diabetes patients, and much more. Chestnut flour has been mostly part of Italian cuisine. It is normally used in the preparation of bakery products such as bread, desserts, stews, soups, sauces, and other confectioneries. The increase in baking activities in recent quarantine due to global pandemic-related lockdowns has increased the demand for baking products including chestnut flour. Rising disposable income is also said to be a major factor resulting in the growth of the chestnut flour market. Asia Pacific is emerging as a significant market for Chestnut flour.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Windmill Organics Ltd. (United Kingdom), Shipton Mill Ltd. (United Kingdom), Royal Nut Company (Australia), Naturelka (Turkey), Faith Angel Group (India), BakeryBits Ltd. (United Kingdom), Graminway (India), Mehrotra Consumer Products Pvt. Ltd. (India), Deep Foods, Inc. (United States) and Fresh & Wild (United States) |
CAGR | % |
Emphasizing the quality of chestnut flour can be a key strategy. This involves ensuring that the flour is made from high-quality chestnuts, processed under strict standards, and free from contaminants. Communicating the superior quality of the product can help attract and retain customers. Additionally, players explore new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Windmill Organics Ltd. (United Kingdom), Shipton Mill Ltd. (United Kingdom), Royal Nut Company (Australia), Naturelka (Turkey), Faith Angel Group (India), BakeryBits Ltd. (United Kingdom), Graminway (India), Mehrotra Consumer Products Pvt. Ltd. (India), Deep Foods, Inc. (United States) and Fresh & Wild (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Giannetti Artisans Inc. (United States) and Praakritik (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Chestnut Flour market by Type , by Application (Bakery Products, Pudding, Stews, Soups and Sauces and Others) and Region with country level break-up.
On the basis of geography, the market of Chestnut Flour 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).
region held largest market share in the year 2022.
In November 2021, Chestnut Strategy Investment Plan (SIP) - Chestnut SIP 2022-2026 Horticulture Innovation Australia Limited (Hort Innovation) invested in the Chestnut Fund. The main focus of the SIP is to grow the chestnut industry with a focus on reducing crop losses through the implementation of sustainable pest and disease management practices.
In the United States, the Food and Drug Administration (FDA) is responsible for regulating food products, including chestnut flour, to ensure safety and compliance with applicable standards. Moreover, 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 flour.
Influencing Trend:
The organic Segment is expected to Rise in Popularity
Market Growth Drivers:
Rise in Quarantine Time-Related Baking Activities in Recent Lockdown and Growth in Food and Beverages Industry
Challenges:
Competition to Global Players from Local Cheaper Alternatives
Restraints:
Presence of Counterfeit and Adulterated Products
Opportunities:
E-Commerce will present an Opportunity to Expand the Market Presence
Key Target Audience
Chestnut Flour Producers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries