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 US$ 3.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 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 market is experiencing growth driven by the increasing demand for chest. Chestnuts stand out in complex carbohydrates and dietary low in fats, making them a healthier choice for energy. They are also rich in important vitamins and minerals like vitamin C, potassium, and magnesium, well-being. The market expansion is further fueled by the rising popularity of chestnuts due to their benefits for heart health and immune system support. As more people prioritize maintaining a, the market shows a promising outlook.
- Innovation in Processing and Preservation:
Breakthroughs in processing and preservation methods have significantly improved the durability and quality of chestnut-based goods. Cutting-edge techniques like airtight packaging, atmospherically controlled storage, and ultra-low temperature freezing have minimized losses after harvesting and preserved freshness for extended periods. As a result, these advancements have made chestnuts more widely available to consumers globally, regardless of the time of year. Consequently, major industry players can now cater to the growing year-round demand for chestnut-based products.
- Versatility in Culinary Uses:
The growing use of chestnuts in different cooking uses is helping the market to expand. Chestnuts have a mild and sweet taste with a starchy, making them a flexible ingredient that can be used in many types of dishes, from simple roasted snacks to desserts and savory meals. This versatility is appealing to both home cooks and professional chefs, leading to more chestnut-based culinary uses. The rise in chestnut inclusion in gluten-free recipes is also boosting market growth. Additionally, food producers are taking advantage of this adaptability to create innovative chestnut-derived products like flours, pastes, and convenient snacks, further driving market expansion.
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, healthy, and easily consumable food options among individuals with demanding schedules and fast-paced lifestyles is driving the market’s expansion. Consumers are opting for ready-to-eat chestnut-based products as a time-saving solution. Furthermore, the widespread accessibility of chestnuts through various retail channels, including supermarkets, hypermarkets, and e-commerce platforms, is boosting market growth worldwide. The growing interest in environmentally friendly and sustainable food products, fueled by increasing awareness of ecological concerns, is presenting a favorable market outlook. The eco-friendly nature of chestnut cultivation, which often eschews pesticides and employs manual harvesting methods, also supports biodiversity conservation efforts.
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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