Water
chestnut is the name given to slightly varying plants. One is the
water caltrop (Trapa Natana and Trapa Bispo Nosa) which is majorly
grown for its eatable fleshy seed. Trapa Natana can be termed as the
European Water chestnut which is now rarely found in northern
European region and declared as endangered in southern Europe,
whereas Trapa Bisponosa is the name of water chestnut/water caltrop
of Indian origin which is considered to be tastier than Chinese water
chestnut and is grown as a crash-crop by the Indian farmers. The
other variety is the Chinese water chestnut (Eleocharis dulcis) which
is commonly used in Chinese cuisine for its edible corm (underground
stem with stored food). Water chestnut (Eleocharis dulcis) is a
tropical sedge with long tubular leaves, whereas water caltrop (Trapa
Natana) is a water plant with huge floating leaves grown in ponds.
Water Caltrop is also known as Jesuit Nut. Water chestnut is sourced
with carbohydrate, dietary fiber, sugar, vitamin C, and Calcium. It
offers vitamin B6, potassium, copper, riboflavin and manganese.
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Water
chestnut Market Segmentation
Water
chestnut is segmented by variety, nature, form, end-use, distribution
channel and region.
By
variety, water chestnut market is segmented into water caltrop and
Chinese water chestnut. Water caltrop is commonly cultivated in parts
of India and other south Asian countries, whereas Chinese water
chestnut is spibreecific to China.
By
nature water chestnut market segmented as organic and conventional.
The organic cultivation being more common for Chinese water chestnut
and due to rising export of Water chestnut to the U.S. and other
western countries with an inclined trend for natural food intakes.
However, conventional produce is consumed mainly in Asian countries
and hold higher production ration than the organic food of water
chestnut.
By
form water chestnut market is segmented as; whole, diced & sliced
powder and liquid. Majorly the water chestnut used in whole and diced
& sliced form available in the canned format in the market to be
used in multiple recipes in for cooking purpose in household and
restaurants.
By
end-use water chestnut market segmented as; household, HORECA, and
others. It is also utilized as a core flavoring ingredient in juices
and meat snacks with pork and bacon.
By
distribution channel, water chestnut market segmented as; direct
sales and indirect sales. Within indirect sales, it is further
segmented as retail stores, Modern trade, and online sales.
By
region, the Water chestnut is segmented into Asia Pacific, North
America, Latin America Europe and Middle East & Africa. Asia
Pacific holds the high share in consumption of water chestnut
attributed to traditional culinary usage of Water chestnut, whereas
the consumption share is growing in North America with increase with
increasing multi-culinary acceptance and increasing cultivation
practices of water chestnut in parts of Florida and other U.S.
states.
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Water
chestnut market Global Market Trends and Market Drivers:
The
starchy eatable seed of Water chestnut was prominently cultivated in
some areas of China, India and other south East Asian countries it is
also naturalized in Northern Australian region as cultivators found a
production of Water chestnut as a lucrative business. In Indian
subcontinent it is considered as crash-crop cultivated in ponds and
river fled lands after a cycle of artificial fish breeding. Water
chestnut is being also grown in integrated farming format with along
with catfish farming ponds resulting a positive impact on farmer's
livelihood. The low investment cost supported by multi-culinary
utilization of Water chestnut is driving the water chestnut market
with rising global demand. However, the climatic obstacle and
changing the climate in Europe and Scandinavian countries resulted in
an adverse impact on the cultivation of Water chestnut. The
controlled irrigation requirement and nearly 200 frost free days need
for the crop maturity are not feasible in all parts of the world
resulting from the cultivation of water chestnut limited to certain
geographic locations.
Water
chestnut Market Key Players:
A
variety of Water chestnut formulations have been introduced by the
manufacturers, and some of the global market players manufacturing
Water chestnut market include; Roland Foods LLC, SupHerb Farms, M'
Lord excellent products, Swapna Flour Mills Limited, ConAgra Foods,
Inc. and JFC International, Inc. among others.
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