Chestnut Market Poised for Robust Growth, forecasted to Expand at 3.3% CAGR from 2024-30

MarkNtel Advisors has released its latest report highlighting strong growth in 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. 

Report Coverage

This report offers a comprehensive analysis of the Chestnut Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2023
• Forecast Years: 2024-30
• Historical Years: 2019-22

Chestnut Market Overview

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.

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Chestnut Market Segmentation Outlook

The Chestnut is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Type

• Sweet Chestnut
• American Chestnut
• Chinese Chestnut
• Castanea Chestnut
• Dwarf Chestnut

By End Users

• Residential
• Hospitality
• Food Processing

By Distribution Chanel

• Offline
  • Supermarket & Hypermarket
  • Convenience Store
  • Chestnut Specialty Stores
• Online

By Region

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

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.

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Top Chestnut Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies 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 as key players shaping the market landscape.

Chestnut Market News

• 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.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2030?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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