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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. 

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.

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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Water Chestnut Market

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