Rising Awareness of Nutritional & Other Health Benefits Associated with Chestnuts Offering Lucrative Market Opportunities

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.

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.

Along with it, the chestnut puree is used for flavoring baked goods like cake, muffins, cookie batters, and bread puddings. It is also used as a filling for pastries and toppings and can be blended into smoothies, and custards. The variety of uses of chestnuts in different ways in the bakery and confectionery industry is continuously driving the demand for chestnuts across the globe.

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Key Findings in Chestnut Market:

Chestnut Market Key Players:

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

Market Segmentation Overview:

By Type

-Sweet Chestnut

-American Chestnut

-Chinese Chestnut

-Castanea Chestnut

-Dwarf Chestnut

In recent years, the largest share of the Global Chestnut Market among all the types mentioned above was taken up by Chinese Chestnut, and it is estimated that this trend will go on during the forecast period as well. This is mainly due to the features of this type of chestnut that they can be grown in different types of climates and soils; which allows the widespread plantation of these across East Asia and China along with other places throughout the continent. A fungal disease, that almost extinct the North American chestnut species in the early 20s, chestnut blight, the Chinese chestnuts are immune to this. Also, it is quite famous for its nutty & sweet taste and large size, which increases its application in flour and paste industries, and has various uses such as a base in soups, salads, and other confectionery items like breads, & pancakes.

By End Users

-Residential

-Hospitality

-Food Processing

By Distribution Chanel

-Offline

--Supermarket & Hypermarket

--Convenience Store

--Chestnut Specialty Stores

-Online

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By Region

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

The 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.

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