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Chestnuts Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Chestnut Market Report is Segmented Based On Geography (United States, Germany, Turkey, France, Italy, Switzerland, Thailand, Korea, China, and Bolivia). The Report Covers the Extensive Study of Production(Volume), Consumption(value and Volume), Trade (Value and Volume), and Price Trend Analysis of the Chestnut Market. The Report Offers Market Estimation and Forecasts in Both Value (USD) and Volume (Metric Tons) for the Above-Mentioned Segments.

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Chestnuts Market Size

Chestnuts Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 3.70 Billion
Market Size (2029) USD 4.31 Billion
CAGR (2024 - 2029) 3.10 %
Fastest Growing Market Europe
Largest Market Asia Pacific

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Chestnuts Market Analysis

The Chestnuts Market size is estimated at USD 3.70 billion in 2024, and is expected to reach USD 4.31 billion by 2029, at a CAGR of 3.10% during the forecast period (2024-2029).

  • Chestnuts, often celebrated as the world's most versatile tree, stand out with a unique nutritional profile that sets them apart from other nuts. The FAO underscores chestnuts not just for their delightful flavor but also for their nutritional equivalence to staples such as wheat and brown rice. Packed with carbohydrates and featuring the lowest fat content among major edible nuts (1-3%, a stark contrast to the 50% in some counterparts), chestnuts deliver quality protein without cholesterol. Globally, four primary species are recognized, American Chestnut (Castanea dentata), European Chestnut (C. sativa), Chinese Chestnut (C. mollissima), and Japanese Chestnut (C. crenata), along with nine lesser-known species from the Castanea genus.
  • In 2022, as reported by the Food and Agriculture Organization, China, Spain, Bolivia, Turkey, Italy, and Korea led the world in chestnut production, together accounting for an impressive 94% of the global output. Regionally, Asia, with China at the helm, and Europe, led by Spain, emerged as the dominant producers. Notably, China represented about 91% of Asia's chestnut production, while Spain was responsible for roughly 55% of Europe's output. Given their rich nutritional profile, global demand for chestnuts is surging, setting the stage for significant market growth in the years ahead.

Chestnuts Market Trends

Increasing Global Demand with Nutritional Benefits

  • Globally called the “bread tree,” chestnuts have been a dietary staple for millennia. With a nutritional profile akin to grains, chestnuts comprise 40-45% carbohydrates, 5-8% protein, and 2-3% fat, with the remainder being water. Their protein quality, rivaling that of milk and eggs, boasts a balanced amino acid profile. Rich in Tryptophan, Isoleucine, Lysine, linoleic acid, and sulfur-containing amino acids, chestnuts are gluten-free, making them an excellent substitute for gluten-free flour in various dishes. The American Heart Association endorses chestnuts, citing their high carbohydrate, low fat, and low sodium content as a defense against heart disease. Capitalizing on this global demand, major companies such as Chengde Shenli Food Co., Ltd. in China, Clément Faugier in France, Amisa in the United Kingdom, and Royal Nuts Company in Australia are manufacturing and selling chestnut-based products, including purees, flours, and snacks.
  • Chestnuts, packed with nutrients such as vitamin C, B1, B2, B6, folic acid, manganese, copper, and magnesium, are witnessing a surge in confectionery applications. This rising demand, fueled by chestnut's health benefits, is propelling the chestnut market. China, with its vast production, emerges as a dominant exporter, with nations such as Germany and the U.S. being major importers. In 2023, ITC Trade highlighted China's chestnut exports at a significant USD 96,370 thousand. Meanwhile, USDA data reveals a 79 percent surge in the number of chestnut farms across the U.S. from 2017 to 2022. This pronounced demand in countries with limited production accentuates the export potential for chestnuts.
Global Chestnuts Market: Export in Thousand Metric Tons, China

Asia- Pacific Dominates the Market

  • Asia stands at the forefront of the global chestnut landscape, leading in both production and consumption. Data from the FAO reveals that in 2022, Asia accounted for a staggering 81% of the world's chestnut production, churning out 1,725.1 thousand metric tons. China was the dominant player, producing 1,562.6 thousand metric tons, with Korea trailing at 53.3 thousand metric tons. Not only are Chinese chestnuts celebrated for their flavor, but they also boast resistance to the chestnut blight. In a bid to combat such diseases, Korea has started cultivating hybrids of Chinese and Japanese chestnuts. Japan, while being a significant consumer, notes that its native chestnuts, though larger, lack the unique flavor profile of their Chinese counterparts.
  • As global demand for chestnut flour surges, baked goods worldwide are increasingly featuring this ingredient, driving up both production and exports. China, the dominant player in the chestnut arena as the top producer and exporter, is witnessing a surge in consumption from its neighboring nations. ITC Trade data reveals that in 2023, China's chestnut exports predominantly flowed to Vietnam, Thailand, Turkey, South Korea, and Iraq, with imports tallying 14,013, 7,261, 5,040, 2,528, and 2,282 metric tons respectively. With exports climbing, a rise in production seems inevitable, promising to invigorate the market in the years ahead.
Global Chestnuts Market: Market Share in %, By Region

Chestnuts Market News

  • April 2024: Shinkinedo, a Japanese confectionery maker, has ventured into the beauty industry with the launch of Chetna, a hair care brand. Chetna's unique products harness the power of upcycled chestnut skin, boasting properties that are anti-aging, antibacterial, and antioxidant, all of which promote enhanced hair growth.
  • February 2023: LEAF (Linking Landscape Environment Agriculture and Food) Research Centre in Portugal has introduced "Chestnut Amazake". This innovative fermented product boasts elevated levels of soluble proteins, sugars, and starches, along with a notable antioxidant capacity.

Chestnuts Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Health Awareness Among People

      2. 4.2.2 Diverse Culinary Applications

      3. 4.2.3 Government Support and Trade Policies

    3. 4.3 Market Restraints

      1. 4.3.1 Higher Production Costs

      2. 4.3.2 Short Shelf Life

    4. 4.4 Value Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 United States

        1. 5.1.1.1 Production Analysis (Volume)

        2. 5.1.1.2 Consumption Analysis (Value and Volume)

        3. 5.1.1.3 Import Market Analysis (Value and Volume)

        4. 5.1.1.4 Export Market Analysis (Value and Volume)

        5. 5.1.1.5 Price Trend Analysis

      2. 5.1.2 Germany

        1. 5.1.2.1 Production Analysis (Volume)

        2. 5.1.2.2 Consumption Analysis (Value and Volume)

        3. 5.1.2.3 Import Market Analysis (Value and Volume)

        4. 5.1.2.4 Export Market Analysis (Value and Volume)

        5. 5.1.2.5 Price Trend Analysis

      3. 5.1.3 Turkey

        1. 5.1.3.1 Production Analysis (Volume)

        2. 5.1.3.2 Consumption Analysis (Value and Volume)

        3. 5.1.3.3 Import Market Analysis (Value and Volume)

        4. 5.1.3.4 Export Market Analysis (Value and Volume)

        5. 5.1.3.5 Price Trend Analysis

      4. 5.1.4 France

        1. 5.1.4.1 Production Analysis (Volume)

        2. 5.1.4.2 Consumption Analysis (Value and Volume)

        3. 5.1.4.3 Import Market Analysis (Value and Volume)

        4. 5.1.4.4 Export Market Analysis (Value and Volume)

        5. 5.1.4.5 Price Trend Analysis

      5. 5.1.5 Italy

        1. 5.1.5.1 Production Analysis (Volume)

        2. 5.1.5.2 Consumption Analysis (Value and Volume)

        3. 5.1.5.3 Import Market Analysis (Value and Volume)

        4. 5.1.5.4 Export Market Analysis (Value and Volume)

        5. 5.1.5.5 Price Trend Analysis

      6. 5.1.6 Switzerland

        1. 5.1.6.1 Production Analysis (Volume)

        2. 5.1.6.2 Consumption Analysis (Value and Volume)

        3. 5.1.6.3 Import Market Analysis (Value and Volume)

        4. 5.1.6.4 Export Market Analysis (Value and Volume)

        5. 5.1.6.5 Price Trend Analysis

      7. 5.1.7 Thailand

        1. 5.1.7.1 Production Analysis (Volume)

        2. 5.1.7.2 Consumption Analysis (Value and Volume)

        3. 5.1.7.3 Import Market Analysis (Value and Volume)

        4. 5.1.7.4 Export Market Analysis (Value and Volume)

        5. 5.1.7.5 Price Trend Analysis

      8. 5.1.8 Korea

        1. 5.1.8.1 Production Analysis (Volume)

        2. 5.1.8.2 Consumption Analysis (Value and Volume)

        3. 5.1.8.3 Import Market Analysis (Value and Volume)

        4. 5.1.8.4 Export Market Analysis (Value and Volume)

        5. 5.1.8.5 Price Trend Analysis

      9. 5.1.9 China

        1. 5.1.9.1 Production Analysis (Volume)

        2. 5.1.9.2 Consumption Analysis (Value and Volume)

        3. 5.1.9.3 Import Market Analysis (Value and Volume)

        4. 5.1.9.4 Export Market Analysis (Value and Volume)

      10. 5.1.10 Bolivia

        1. 5.1.10.1 Production Analysis (Volume)

        2. 5.1.10.2 Consumption Analysis (Value and Volume)

        3. 5.1.10.3 Import Market Analysis (Value and Volume)

        4. 5.1.10.4 Export Market Analysis (Value and Volume)

        5. 5.1.10.5 Price Trend Analysis

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Chestnuts Industry Segmentation

Chestnuts are a glossy hard brown edible nut that develops within a bristly case and may be roasted and eaten. The Global Chestnut Market is Segmented Based on Geography (United States, Germany, Turkey, France, Italy, Switzerland, Thailand, Korea, China, and Bolivia). The Report Covers the Extensive Study of Production(Volume), Consumption(Value and Volume), Trade (Value and Volume), and Price Trend Analysis of the Chestnut Market. The report offers market estimation and forecasts in both value (USD) and volume (Metric tons) for the above-mentioned segments.

Geography
United States
Production Analysis (Volume)
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Germany
Production Analysis (Volume)
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Turkey
Production Analysis (Volume)
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
France
Production Analysis (Volume)
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Italy
Production Analysis (Volume)
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Switzerland
Production Analysis (Volume)
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Thailand
Production Analysis (Volume)
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
Korea
Production Analysis (Volume)
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
China
Production Analysis (Volume)
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Bolivia
Production Analysis (Volume)
Consumption Analysis (Value and Volume)
Import Market Analysis (Value and Volume)
Export Market Analysis (Value and Volume)
Price Trend Analysis
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Chestnuts Market Research FAQs

The Chestnuts Market size is expected to reach USD 3.70 billion in 2024 and grow at a CAGR of 3.10% to reach USD 4.31 billion by 2029.

In 2024, the Chestnuts Market size is expected to reach USD 3.70 billion.

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Chestnuts Market.

In 2023, the Chestnuts Market size was estimated at USD 3.59 billion. The report covers the Chestnuts Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Chestnuts Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Chestnuts Industry Report

Statistics for the 2024 Chestnuts market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chestnuts analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Chestnuts Market Report Snapshots

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Chestnuts Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)