IMARC Group’s report titled “Chestnut Market Report by Species Type (American Chestnut, Chinese Chestnut, European Chestnut, Japanese Chestnut), Distribution (Food and Beverage Industry, Food Service, Retail, and Others), and Region 2024-2032“. The global chestnut market size reached USD 3.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 4.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.22% during 2024-2032.
Factors Affecting the Growth of the Chestnut Industry:
- Health and Nutritious Benefits:
The increasing demand for chestnuts, attributed to their distinctive nutritional profile, is driving market expansion. Compared to other nuts, chestnuts are low in fat while being rich in complex carbohydrates and dietary fiber, positioning them as a healthier source of energy. Additionally, they are packed with vital vitamins and minerals, including vitamin C, potassium, and magnesium, which enhance overall well-being. The rising use of chestnuts, known for their benefits in promoting heart health and bolstering immune function, further supports market growth. Furthermore, the heightened awareness among consumers regarding the importance of maintaining a healthy lifestyle is contributing to a favorable market outlook.
- Innovation in Processing and Preservation:
The development of new processing and preservation methods significantly contributes to prolonging the shelf life and improving the quality of chestnut products. Techniques such as vacuum packing, controlled atmosphere storage, and cryogenic freezing effectively minimize post-harvest losses and preserve freshness for extended durations. These technological innovations enhance the availability of chestnuts to a broader range of consumers globally, irrespective of seasonal variations. Consequently, these advancements enable industry stakeholders to satisfy the growing demand for chestnut-based food products throughout the entire year.
- Versatility in Culinary Uses:
The growing incorporation of chestnuts in diverse culinary uses is significantly driving market expansion. With their delicate sweetness and starchy consistency, chestnuts serve as a versatile component in numerous dishes, from roasted snacks to desserts and savory entrees. This flexibility attracts both amateur cooks and professional chefs, promoting the use of chestnuts in various culinary contexts. Additionally, the rising demand for chestnuts in gluten-free recipes is further enhancing market growth. Moreover, food manufacturers are capitalizing on this versatility to create innovative chestnut-based products, such as flours, pastes, and ready-to-eat snacks, thereby propelling market development.
Leading Companies Operating in the Global Chestnut Industry:
- Chengde Shenli Food Co. Ltd.
- Chestnut Growers Inc.
- Qinhuangdao Yanshan Chestnut Food Co. Ltd.
- Roland Foods LLC
- Royal Nut Company
- Shandong Maria Food Co. Ltd
- Shandong Zhifeng Foodstuffs Co. Ltd
- V. Besana Spa
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/chestnut-market/requestsample
Chestnut Market Report Segmentation:
By Species Type:
- American Chestnut
- Chinese Chestnut
- European Chestnut
- Japanese Chestnut
Chinese chestnut represents the largest segment as it is adaptable to various climates and soil types.
By Distribution:
- Food and Beverage Industry
- Food Service
- Retail
- Others
On the basis of the distribution, the market has been divided into food and beverage industry, food service, retail, and others.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Global Chestnut Market Trends:
The rising demand for convenient, nutritious, and easily consumable food options among individuals leading busy lives and managing demanding work schedules is driving market expansion. Consumers are increasingly opting for ready-to-eat (RTE) food products made from chestnuts, as these options provide significant time savings. Additionally, the extensive availability of chestnuts through various distribution channels, including supermarkets, hypermarkets, and online platforms, is further enhancing market growth worldwide. The increasing preference for sustainable and environmentally friendly food products, fueled by heightened awareness of ecological concerns, presents a favorable outlook for the market. Chestnut trees can be cultivated without pesticides and are typically harvested by hand, thereby promoting biodiversity.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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