Chestnuts

Global Chestnuts Market to Reach US$4.1 Billion by 2030

The global market for Chestnuts estimated at US$3.7 Billion in the year 2024, is expected to reach US$4.1 Billion by 2030, growing at a CAGR of 1.7% over the analysis period 2024-2030. Chinese Chestnut, one of the segments analyzed in the report, is expected to record a 1.8% CAGR and reach US$2.0 Billion by the end of the analysis period. Growth in the American Chestnut segment is estimated at 2.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$994.2 Million While China is Forecast to Grow at 3.7% CAGR

The Chestnuts market in the U.S. is estimated at US$994.2 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$780.6 Million by the year 2030 trailing a CAGR of 3.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.2% and 1.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.7% CAGR.

Global Chestnuts Market - Key Trends and Drivers Summarized

Chestnuts, unlike other nuts and seeds, are rich in starch and water but low in protein and fats, making them a unique source of nutrition. These nuts are harvested from the trees of the Castanea species, which are native to temperate regions of the Northern Hemisphere. Chestnuts are highly versatile in culinary applications; they can be roasted, boiled, pureed, or ground into flour, which is particularly popular in gluten-free recipes. The nut is celebrated in various cultures, particularly in Europe and Asia, where it is a key ingredient in both savory dishes, such as stuffing and soups, and sweet dishes like cakes and confections. Chestnuts are also noted for their high content of vitamin C, dietary fibers, and essential minerals such as potassium, which contribute to cardiovascular health and can help manage weight effectively due to their low-calorie content.

The commercial cultivation of chestnuts is extensive, primarily in regions like Italy, China, Japan, and South Korea, where the nuts are not only a dietary staple but also a significant economic commodity. In recent years, there has been a resurgence in chestnut cultivation in North America after the native chestnut populations were devastated by blight in the early 20th century. Modern agricultural techniques and disease-resistant varieties have enabled this resurgence, supporting local economies and promoting biodiversity. The chestnut is particularly appreciated for its environmental benefits; chestnut trees are deciduous and contribute to the carbon balance. Furthermore, because they require minimal processing and are often consumed fresh, they have a relatively low environmental footprint compared to other nut crops that require high levels of processing and packaging.

The growth in the chestnut market is driven by several factors, including increased global culinary interest and dietary trends favoring gluten-free and plant-based foods. The versatility of chestnuts in cooking and their nutritional benefits appeal to a broad audience, increasing their demand. Advances in agricultural practices have also facilitated higher yields and sustainable farming methods, making chestnut cultivation more economically viable and environmentally friendly. Furthermore, consumer behavior is significantly influenced by the seasonal nature of chestnuts, particularly during the holiday season, which traditionally sees a spike in consumption. The expansion of international trade in agricultural products has enabled chestnuts to reach new markets, where they are embraced for their unique culinary attributes. Additionally, the growing interest in traditional and artisanal foods has bolstered the demand for chestnuts, particularly in gourmet and specialty food sectors. These factors together ensure that the chestnut market continues to expand, providing both traditional and innovative food options for consumers worldwide.

SCOPE OF STUDY:

The report analyzes the Chestnuts market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Species (Chinese Chestnut, American Chestnut, European Chestnut, Japanese Chestnut); Distribution Channel (Supermarkets / Hypermarkets, Convenience Stores, Online Distribution Channel, Other Distribution Channels)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 56 Featured) -

• Azienda Agricola CAVAGRANDE
• Chengde Shenli Food Co., Ltd.
• Diletto Pasquale & C. sas
• Ege Kaptan Ltd. Sti.
• Foloi Kalliergeies Kanellaki Ike
• Green Heaven India (A Herbal Manufacturing Unit).
• Marrons Imbert
• Nussbaumschule Klocks
• Paradise Juice Pvt Ltd - Frutteto
• Patrone srl
• Qinhuangdao Yanshan Chestnut Co., Ltd.
• Roger Descours
• ROSSI ANGELO & C SNC of Mella Marisa Luisa
• Shandong Maria Food Co., Ltd
• SupHerb Farms
• Tangshan Goldentang Food Co., Ltd
• Treeborn

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