Chestnut Market Growth and Development Insight, Size and Share

The Global Chestnut Market size is valued at around USD 3.5 billion in 2024 and is estimated to grow at a CAGR of around 3.3% during the forecast period, i.e., 2024-30.

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Key Findings of the Study: Chestnut Market

Global Chestnut Market Driver: Increasing Use of Chestnuts in Bakery & Confectionery Driving Market Growth

Various health and nutritional benefits, and for the enhanced taste chestnuts are used in different forms heated, cooked, or roasted to fulfill different needs & requirements. Dried and fresh both types of chestnuts are consumed by individuals, either by making chestnut flour or by making chestnut puree. Chestnut is a smooth-shelled nut that is usually roasted and ground into flour, and used in puddings, custard, biscuits, and breakfast cereals. Other areas where chestnut flour is used include cakes, bread, pasta, and sauces.

Along with it, the chestnut puree is used for flavoring baked goods like cake, muffins, cookie batters, and bread puddings. It is also used as a filling for pastries and toppings and can be blended into smoothies, and custards. The variety of uses of chestnuts in different ways in the bakery and confectionery industry is continuously driving the demand for chestnuts across the globe.

Scope of the Report and Chestnut Market Segmentation

By Type

-Sweet Chestnut

-American Chestnut

-Chinese Chestnut

-Castanea Chestnut

-Dwarf Chestnut

• In recent years, the largest share of the Global Chestnut Market among all the types mentioned above was taken up by Chinese Chestnut, and it is estimated that this trend will go on during the forecast period as well. This is mainly due to the features of this type of chestnut that they can be grown in different types of climates and soils; which allows the widespread plantation of these across East Asia and China along with other places throughout the continent.

By End Users

-Residential

-Hospitality

-Food Processing

By Distribution Chanel

-Offline

–Supermarket & Hypermarket

–Convenience Store

–Chestnut Specialty Stores

-Online

Top leading companies in the Chestnut Market includes:

Washington Chestnut Company, Potash Farm, Poulis S.A., Route 9 Cooperative, Chestnut Hill Outdoors, The Galician Naiciña Company, Shuuwa Industrial Co., Ltd, Qinhuangdao Yanshan Chestnut Co., Ltd., Harrison’s California Chestnuts, Pomar das Castanhas, Valley Chestnuts, Chestnut Charlie’s Organic Nuts, Warnell Schools of Forestry & Natural Resources and others

Chestnut Market Development

• In June 2023, Warnell Schools of Forestry & Natural Resources, achieved a breakthrough in the chestnut industry. By collecting over 11,000 chestnuts in Central New York, researchers initiated efforts to identify the OxO gene, essential for resisting chestnut blight. This development marks a notable treads in restoring lose of chestnut populations, utilizing innovative techniques such as somatic embryogenesis for the replication of the genes.

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Geographical analysis:

North America: US, Canada, Mexico

Europe: Germany, The UK, France, Spain, Italy, Rest of Europe

Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific

South America: Brazil, Rest of South America

Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA

• In the global market of chestnuts, among all the major regions, the market is commanded by the Asia-Pacific region, and many associated countries of the APAC are contributing to this highest share. In the group of leading economies in the chestnut industry, most of them are present in the APAC. Also, when it comes to leading producers of chestnuts globally, Korea, Japan, China, and a few other countries are on the list of top producers. China is governing the chestnut market in the region by becoming the largest producer and largest exporter. Most of the countries that top the list of Chinese chestnut exporting list are also related to the Asia-Pacific region only, some of the examples of these countries are Japan, Vietnam, Thailand, Taiwan, etc.

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