Future Forward: Key Trends and Projections for the Chestnut Market 2030

Global Chestnut Market Overview:

According to MarkNtel Advisors study 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. With extensive and various uses of chestnuts with the variety of nutrients available, these are increasingly preferred by individuals all across the world. The food and beverages industry is widely using chestnuts in one or the other form. Different types and forms of chestnut are used like chestnut flour is used in pasta, sauce, cookies, cakes, breads, and other breakfast cereals, chestnut puree also has different uses from pastries to gateaux. Increasing use of chestnuts in various forms like roasted, heated, and cooked have their own distinct and impactful uses which are driving the size volume of the chestnut industry worldwide.

Key Findings of the Study: Chestnut market

Global Chestnut Market Opportunity:

Rising Awareness of Nutritional Other Health Benefits Associated with Chestnuts Offering Lucrative Market Opportunities – Many nutritional functional health benefits associated with the consumption of chestnuts are going to boost the market for chestnuts shortly, as individuals these days are increasingly becoming health conscious and preferring the diets which are nutritious and healthy. The awareness regarding the health benefits of chestnuts across the globe is expected to boost the market growth. Chestnuts are made up of carbohydrates and are rich in minerals, vitamins, and other chemical compounds that help protect the cells and also contain Gallic acids which are useful antioxidants in reducing the risk of cardiovascular disease, some cancers, and stroke.

Chestnuts are also helpful in dealing with the issues of improper digestion and useful in maintaining blood glucose levels, as they contain high fiber which improves digestion. Nowadays individuals are inclined towards gluten-free foods to escape from celiac disease and other related issues. They are also focusing on a healthy weight range, chestnuts are a good substitute in this as they contain low fat, low sodium, and are gluten-free. All these associated benefits with the consumption of chestnuts and the increasing awareness regarding them are projected to augment the demand for chestnuts during the forecast period. Thus, ultimately it would create a lot of opportunities for the market players.

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Scope of the Chestnut Market Report Segmentation

-By Type

Sweet Chestnut- Market Size Forecast 2019-2030, (Thousand Tons)
American Chestnut- Market Size Forecast 2019-2030, (Thousand Tons)
Chinese Chestnut- Market Size Forecast 2019-2030, (Thousand Tons)
Castanea Chestnut- Market Size Forecast 2019-2030, (Thousand Tons)
Dwarf Chestnut- Market Size Forecast 2019-2030, (Thousand Tons)

-By End Users

Residential- Market Size Forecast 2019-2030, (Thousand Tons)
Hospitality- Market Size Forecast 2019-2030, (Thousand Tons)
Food Processing- Market Size Forecast 2019-2030, (Thousand Tons)

-By Distribution Chanel

Offline
Online

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Geographical analysis:

-By Region

North America
South America
Europe
The Middle East Africa
Asia-Pacific

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.

Global Chestnut Industry Recent 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.

Current Landscape of Chestnut Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Chestnut market. The research report profiles major players, including

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The 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
Others

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