Global Chestnut Flour Market Report and Forecast 2024-2032

Global Chestnut Flour Market Outlook

The global chestnut flour market is being aided by the growth of the chestnut industry, which is expected to grow at a CAGR of 2.5% in the forecast period of 2024-2032.

Rising Demand from the Asia Pacific Region Aiding the Market Growth

The Asia Pacific region is a significant regional market for chestnut flour. The rising demand for chestnut flour is primarily triggered by its rising application in the bakery sector in the region. The demand for the product is also witnessing a significant rise in regions like Western Europe and North America owing to the growing bakery industry and the rising population of consumers suffering from gluten intolerance.

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The demand for chestnut flour is also likely to grow further in regions like the Middle East and Africa as the demand for baked goods and desserts is rapidly rising as a result of western influence.

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Chestnut Flour: Market Segmentation

Chestnuts refer to the group of a species of shrubs and deciduous trees of Castanea genus, which belongs to the Fagaceae family. These trees are responsible for producing chestnuts. Chestnuts are dried and then roasted before being grinded into powdered form. The chestnut powder finds wide applications in a uge variety of products. It has a light brown colour and an earthy flavour which provides a delicious nutty taste to the food.

Based on source, the industry can be divided into the following:

• Organic
• Conventional

The type of the product can be divided as follows:

• Raw
• Roasted

The distribution channels for the market can be categorised as follows:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online
• Others

Chestnut flour finds extensive applications in the following segments:

• Bakery Products
• Desserts
• Pudding
• Stews, Soups, Sauces
• Others

The regional markets for chestnut flour can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Adoption of Chestnut Flour in the Bakery Industry Bolstering the Market Growth

The global chestnut flour industry is primarily being driven by the rising demand from the bakery sector. The product helps in creating a different texture and flavour to the bakery products. Chestnut flour is widely used in the preparation of muffins, pies, bread loaves, cakes, and pancakes, among others. Chestnut flour may be used for the preparation of baked goods alone or with some other flour. It also serves as a thickening agent to provide good consistency in products such as soups, stews, as well as sauces. It has high water content, protein and starch, and low fat. The chestnut flour is a rich source of prebiotic fibre, recognised as resistant starch, that helps to nourish bacteria which exhibit health-improving activities. Apart from this, the number of people who are allergic to gluten are rising; thus the product is also witnessing an increasing demand among the health-conscious consumers since it is gluten-free.

Key Industry Players in the Global Chestnut Flour Market

The report gives a detailed analysis of the following key players in the global chestnut flour market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Shipton Mill Ltd
• Windmill Organics Ltd,
• Royal Nut Company
• Faith Angel Group
• Naturelka
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report