Chestnut Flour market Outlook:
Chestnuts are the group of a species of shrubs and deciduous trees of Castanea genus belonging to Fagaceae family. The nuts that these trees produce are referred to as chestnuts. The chestnut flour is made by grinding the dry and roasted chestnuts in powdered form. The chestnut flour is widely used for preparing varieties of food and bakery products. The chestnut flour is a light brown colur flour that provides a delicious characteristic nutty, and earthy flavor to the prepared food product to which the flour is incorporated. The chestnut flour is a flavourful and versatile ingredient and is used in the preparation of muffins, pies, loaves of bread, cakes, pancakes, polenta, pasta, porridge, biscuits, and many more dishes. The chestnut flour is used either alone or with some other flour to prepare baked goods. Chestnut flour is also used as a thickening agent in products like soups, stews, and sauces to provide good consistency to the liquid products. Chestnut flour unlike other grain flour is gluten-free and have high water, protein and starch content and low-fat contents. Chestnut nut flour provides nutritional and health benefits, the chestnut flour is a rich source of prebiotic fiber known as resistant starch that helps in nurturing probiotic bacteria, which exhibits health-improving activities.
Growing demand for baked goods is fuelling the growth of Chestnut Flour:
Around the globe, the bakery products are gaining a significant transaction due to higher consumer likability and inclination towards delicious bakery offerings. The increasing application of the chestnut flour for the preparation of bakery products is the primary driver for the growing demand of the different textured and flavored chestnut flour. The second driver fuelling the need for the chestnut flour is the increasing demand for the gluten-free products. Nowadays, there is growing number of people who suffer from gluten intolerance and digestive problems, according to a survey by the New York Times in 2014, over one-fourth of the American population is cutting down on gluten or preferably eliminating them. Thus a large number of people are shifting towards opting gluten-free products and ingredients. The chestnut flour unlike other grain flour is gluten-free and therefore is also suitable for population having dietary restriction because of gluten intolerance, thus making the demand for chestnut flour increase over the forecast period.
Chestnut Flour market: Market Segmentation
On the basis of nature, the Global Chestnut Flour market has been segmented as:
On the basis of product type, the Global Chestnut Flour market has been segmented as:
On the basis of end use, the Global Chestnut Flour market has been segmented as:
On the basis of distribution channel, the Global Chestnut Flour market has been segmented as:
On the basis of region, the Global Chestnut Flour market has been segmented as:
Global Chestnut Flour market: Market Participants
The key market participants identified across the value chain of the global Chestnut Flour market are: Windmill Organics Ltd, Treeborn, Royal Nut Company, Naturelka, Shipton Mill Ltd, BakeryBits Ltd
Opportunities for Chestnut Flour market:
The demand for chestnut flour is anticipated to increase over the forecast period owing to its broad application in the bakery and food industry. The need for chestnut flour is growing in regions like Western Europe and North America owing to the increasing bakery products market in these regions and increasing demographic of people suffering from gluten intolerance. The chestnut flour is used in popular Italian cuisines like pasta, ravioli, and others making it popular among consumers. The chestnut flour imparts a unique texture and flavor in the baked products and is also responsible for increasing the freshness of the product. The regions like the Asia Pacific and the Middle East are also witnessing a growing demand owing to growing market for baked goods, and desserts along with the increasing per capita expenditure of the consumers. However, the price of chestnut flour might be a blocking way in the growing demand for the products.
Brief Approach to Research Chestnut Flour Market:
A modelling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes
Key Data Points Covered in the Report -
Some of the key data points covered in our report on include: