Chestnuts Market - Growth, Trends and Forecast (2020-2025)
|出版商||Mordor Intelligence LLP||商品編碼||946020|
|出版日期||內容資訊||英文 120 Pages
|栗子市場增長，趨勢，預測（2020-2025） Chestnuts Market - Growth, Trends and Forecast (2020-2025)|
|出版日期: 2020年06月01日||內容資訊: 英文 120 Pages||
The global chestnuts market is estimated to register a CAGR of 3.1% during the forecast period (2020-2025). Chestnuts have a nutritional composition that sets them apart from all other nuts. Chestnuts are very low in fat and higher in starch than other nuts, making them less caloric. The rich nutritional content is increasing the demand for chestnuts globally. The increased use of chestnuts in confectionery, along with their health benefits, is anticipated to boost the chestnuts market's growth further. The application of chestnut flour in baked products is also growing, which in turn is driving the production and export market for chestnuts across the world. According to the Food and Agriculture Organization, China, Bolivia, Greece, Italy, Portugal are the significant chestnut producers in the world. Asia-Pacific dominates the market, where China is the leading producer and exporters of the chestnuts. According to ITC Trade, in 2019, China accounted for 26.8% of the total share of export.
Increasing Demand Due to the Nutritional Benefits
The demand for chestnuts is increasing significantly due to their various health benefits. The increased use of chestnuts in confectionery as they are an excellent source of several nutrients such as vitamin C, B1, B2, and B6; folic acid; manganese; copper; and magnesium, are anticipated to further boost the growth of the chestnuts market. They are consumed in the form of boiled, roasted, and dried or in the way of jam or flour as they are rich in dietary fiber, which improves the digestion process. Due to these benefits, the demand for chestnuts is high in many countries where production is considerably less like Germany, the United States, etc. and creates a massive opportunity for export. These countries import from countries like China, where the production is very high. Thus, making China a leading exporter of the chestnuts. According to ITC Trade, China exported USD 76,743 thousand worth of chestnuts in 2016, and the export increased to USD 86,224 thousand in 2019.
Asia- Pacific Dominates the Market
According to FAO, Countries such as China, Korea, and Japan are the leading producers; in 2018, China dominates with a production quantity of 1.9 million tons in this region, followed by the Republic of Korea with 53384 metric tons of production. The export market is growing at a significant pace due to the growing demand for chestnuts across the globe. China dominates the chestnuts export market. According to ITC Trade, in 2019, China accounted for the 26.8% share of the total export across the world, with the export revenue of 86,224 thousand USD. Major export destinations for Chinese chestnuts are Thailand, Viet Nam, Taiwan, and Japan. Accordingly, Thailand is the major importer accounting for revenue of 15,076 thousand USD with an import quantity of 39,610 tons in 2019.