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Chestnuts Market Size (2024 - 2029)

The global chestnut market is experiencing growth driven by its unique nutritional profile, which distinguishes it from other nuts due to its low fat and high starch content. This nutritional advantage is contributing to an increasing demand worldwide. Asia, particularly China and Korea, dominates production and consumption, with China producing flavorful and disease-resistant varieties. The use of chestnut flour in baked goods is also expanding, further boosting the market's scale and export potential.

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Market Size of Chestnuts Industry

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

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 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 Size Summary

The global chestnut market is poised for steady growth, driven by its unique nutritional profile and increasing demand worldwide. Chestnuts are distinguished by their low fat and high starch content, making them a lower-calorie nut option. This nutritional advantage is fueling their popularity and market expansion. The market is characterized by the presence of four major species: American, European, Chinese, and Japanese chestnuts, with Asia being the largest producer and consumer region. China and Korea lead in production, with China also being a significant exporter due to its abundant supply. The growing application of chestnut flour in baked goods further propels the market, as it serves as a gluten-free alternative, appealing to health-conscious consumers.

The chestnut market is experiencing a surge in demand, attributed to its health benefits and versatile culinary applications. Chestnuts are rich in essential nutrients, including vitamins and minerals, and are promoted as part of a heart-healthy diet. This has led to increased use in confectionery and other food products, boosting market growth. Countries with lower production levels, such as Germany and the United States, rely on imports from leading producers like China, creating substantial export opportunities. Initiatives in China to expand chestnut orchards and projects in the United States to establish nut-growing centers are expected to enhance production capabilities and market value. These developments, along with strategic investments in sustainable practices, are set to further advance the chestnut industry over the forecast period.

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Chestnuts Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Health Awareness Among People

      2. 1.2.2 Diverse Culinary Applications

      3. 1.2.3 Government Support and Trade Policies

    3. 1.3 Market Restraints

      1. 1.3.1 Higher Production Costs

      2. 1.3.2 Short Shelf Life

    4. 1.4 Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Geography

      1. 2.1.1 United States

        1. 2.1.1.1 Production Analysis (Volume)

        2. 2.1.1.2 Consumption Analysis (Value and Volume)

        3. 2.1.1.3 Import Market Analysis (Value and Volume)

        4. 2.1.1.4 Export Market Analysis (Value and Volume)

        5. 2.1.1.5 Price Trend Analysis

      2. 2.1.2 Germany

        1. 2.1.2.1 Production Analysis (Volume)

        2. 2.1.2.2 Consumption Analysis (Value and Volume)

        3. 2.1.2.3 Import Market Analysis (Value and Volume)

        4. 2.1.2.4 Export Market Analysis (Value and Volume)

        5. 2.1.2.5 Price Trend Analysis

      3. 2.1.3 Turkey

        1. 2.1.3.1 Production Analysis (Volume)

        2. 2.1.3.2 Consumption Analysis (Value and Volume)

        3. 2.1.3.3 Import Market Analysis (Value and Volume)

        4. 2.1.3.4 Export Market Analysis (Value and Volume)

        5. 2.1.3.5 Price Trend Analysis

      4. 2.1.4 France

        1. 2.1.4.1 Production Analysis (Volume)

        2. 2.1.4.2 Consumption Analysis (Value and Volume)

        3. 2.1.4.3 Import Market Analysis (Value and Volume)

        4. 2.1.4.4 Export Market Analysis (Value and Volume)

        5. 2.1.4.5 Price Trend Analysis

      5. 2.1.5 Italy

        1. 2.1.5.1 Production Analysis (Volume)

        2. 2.1.5.2 Consumption Analysis (Value and Volume)

        3. 2.1.5.3 Import Market Analysis (Value and Volume)

        4. 2.1.5.4 Export Market Analysis (Value and Volume)

        5. 2.1.5.5 Price Trend Analysis

      6. 2.1.6 Switzerland

        1. 2.1.6.1 Production Analysis (Volume)

        2. 2.1.6.2 Consumption Analysis (Value and Volume)

        3. 2.1.6.3 Import Market Analysis (Value and Volume)

        4. 2.1.6.4 Export Market Analysis (Value and Volume)

        5. 2.1.6.5 Price Trend Analysis

      7. 2.1.7 Thailand

        1. 2.1.7.1 Production Analysis (Volume)

        2. 2.1.7.2 Consumption Analysis (Value and Volume)

        3. 2.1.7.3 Import Market Analysis (Value and Volume)

        4. 2.1.7.4 Export Market Analysis (Value and Volume)

        5. 2.1.7.5 Price Trend Analysis

      8. 2.1.8 Korea

        1. 2.1.8.1 Production Analysis (Volume)

        2. 2.1.8.2 Consumption Analysis (Value and Volume)

        3. 2.1.8.3 Import Market Analysis (Value and Volume)

        4. 2.1.8.4 Export Market Analysis (Value and Volume)

        5. 2.1.8.5 Price Trend Analysis

      9. 2.1.9 China

        1. 2.1.9.1 Production Analysis (Volume)

        2. 2.1.9.2 Consumption Analysis (Value and Volume)

        3. 2.1.9.3 Import Market Analysis (Value and Volume)

        4. 2.1.9.4 Export Market Analysis (Value and Volume)

      10. 2.1.10 Bolivia

        1. 2.1.10.1 Production Analysis (Volume)

        2. 2.1.10.2 Consumption Analysis (Value and Volume)

        3. 2.1.10.3 Import Market Analysis (Value and Volume)

        4. 2.1.10.4 Export Market Analysis (Value and Volume)

        5. 2.1.10.5 Price Trend Analysis

Chestnuts Market Size 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.

Chestnuts Market Report Snapshots

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