Torrance, California, USA -As per MarkWide Analysis’s newest examine, Chestnut Market is forecast to develop by 6.7% between 2022 – 2030.
Chestnut is a kind of nut that may be grown worldwide. Chestnuts are a well-liked meals merchandise that has quite a lot of makes use of. They are often eaten uncooked or roasted and even made into meals. Chestnuts are additionally excessive in antioxidants, which can assist to guard in opposition to most cancers. Chestnuts are additionally a great supply of protein and fiber. It’s potential to make use of chestnuts in recipes to boost the quantity of filling and vitamins they comprise.
Moreover, chestnuts present a superb supply of vitamin C, an important nutrient for wholesome pores and skin and bones. So far as the enjoyment of chestnuts is anxious, there are lots of methods wherein they are often loved. They are often eaten uncooked or roasted, they usually may also be utilized in recipes.
The dietary advantages of this product are inflicting a rise in demand.
As a result of their varied well being advantages, chestnuts have been rising in reputation considerably in recent times. On account of their excessive focus of a number of vitamins reminiscent of vitamin C, B1, B2, and B6, in addition to folic acid, manganese, copper, and magnesium, the chestnut market is predicted to develop additional attributable to their elevated use in confectionery. Many individuals eat them within the type of boiled, roasted, or dried beans, jam, or flour as a result of they’re wealthy in dietary fiber, which improves digestion. As a result of this, the demand for chestnuts is exceptionally excessive in lots of nations the place the manufacturing of those nuts is significantly much less, reminiscent of Germany, the USA, and many others. This has led to an enormous enhance in exports for these nations. They import chestnuts from nations like China, the place there may be quite a lot of manufacturing. Thus, making China the main exporter of chestnuts on the planet. In 2016, China exported USD 76,743 thousand value of chestnuts at a charge of USD 86,224 thousand, and this quantity is predicted to rise to USD 86,527 thousand in 2019.
Elements driving the chestnut market
The expansion of the gluten intolerance market is predicted to be pushed by the rise within the international inhabitants with gluten intolerance.
It’s estimated that the Chestnut market will enhance as a result of fast rise of situations reminiscent of gluten intolerance and celiac illness within the international inhabitants. Since chestnut flour is gluten-free, it may be utilized by individuals who endure from such situations with glorious security. Based on estimates, round 1-2% of the worldwide inhabitants suffers from celiac illness, and 6% endure from gluten intolerance. Gluten intolerance impacts the Caucasian race greater than others, and due to this fact, North American and European markets are quickly shifting to gluten-free alternate options reminiscent of Chestnuts.
Rising consciousness of the well being advantages supplied by chestnuts is predicted to result in a rise in demand for the product.
It’s the elevated consciousness of well being advantages that’s pushing the market ahead. Chestnuts comprise quite a lot of vitamin C, which is why half a cup of uncooked chestnuts can present about 35 to 45% of the day by day vitamin C necessities. These meals are additionally filled with antioxidants like gallic acid and ellagic acid, that are recognized to cut back heart problems, stroke, and most cancers dangers. Furthermore, chestnuts have a excessive fiber content material that helps steadiness blood glucose ranges and enhance digestion. As a result of their low glycaemic index of 54 on a scale of 100, chestnut consumption doesn’t trigger a direct rise in blood sugar ranges.
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PLAYERS IN THE MARKET
The report contains an evaluation of key developments within the chestnut market and inorganic and natural progress methods. Corporations concentrate on a number of natural progress methods, together with product launches, approvals and patents, and occasions and patents. A number of inorganic progress methods have been noticed out there, together with acquisitions, partnerships, and collaborations. These actions have allowed market gamers to develop their enterprise and buyer base. With the rising demand for chestnuts within the international market over the following few years, it’s anticipated that the market gamers within the chestnut market will get pleasure from profitable progress alternatives sooner or later.
A SWOT evaluation of key firms within the chestnut market can be included within the report and their market methods. Moreover, the report gives details about the main firms within the business, their firm profiles, the parts and providers they provide, monetary info for the previous three years, and key developments previously 5 years for main business gamers.
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Chestnut Market Main Gamers Lined:
- Berjaya Corp. Berhad
- Chengde Shenli Meals Co. Ltd.
- Chestnut Growers Inc.
- E. & A. Potamianou, Inc.
- Planet Inexperienced Holdings Corp.
- Qinhuangdao Yanshan Chestnut Co. Ltd.
- SAMRIOGLU Group of Corporations
- Shandong Maria Meals Co. Ltd.
- Shandong Zhifeng Foodstuffs Co. Ltd.
- V. Besana Spa
- Others
Chestnut Market Segmentation Evaluation:
By Species Sort:
- American Chestnut
- Chinese language Chestnut
- European Chestnut
- Japanese Chestnut.
By Distribution:
- Hypermarket and Supermarkets
- Comfort shops
- On-line Shops
- Others.
By Utility
- Meals and Beverage Business
- Beauty Business
- Others.
Chestnut Market Geographical Segmentation Contains:
- North America
- Europe
- Asia Pacific
- South America
- The Center East & Africa
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