The global chestnut market was valued at USD 3.8 Billion in 2024 and is expected to reach USD 5.0 Billion by 2033, registering a CAGR of 3.1% during the forecast period of 2025-2033. The market is primarily driven by the culinary versatility of chestnuts, expanding global trade, and increasing shifts towards sustainable and organic farming methods. Asia Pacific leads the market with a significant share, driven by strong production and consumption.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Chestnut Market Key Takeaways

• Current Market Size: USD 3.8 Billion in 2024
• CAGR: 3.1% (2025-2033)
• Forecast Period: 2025-2033
• Asia Pacific dominates with around 39% market share in 2024.
• Chinese chestnut leads species type segment with about 39% market share in 2024.
• Expanding export markets include China, Italy, and South Korea, with China producing approximately 80% of the world's chestnuts.
• The United States holds about 80% of North American market share driven by growing health awareness and plant-based food demand.
• Increasing demand for gluten-free, natural, and organic chestnut products is boosting market growth.

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Market Growth Factors

The chestnut market growth is significantly propelled by the rising popularity of plant-based diets and protein-rich ingredients. Consumers increasingly prefer chestnuts for their lower fat content compared to other nuts, classifying them as a healthier snack option. This preference, combined with a growing global demand for natural and wholesome food choices, is fostering lucrative opportunities for investors. Additionally, chestnuts cater well to individuals with gluten allergies, widening the consumer base and expanding market demand.

Health-conscious consumers also drive the market, especially in regions like the United States where there is a growing preference for organic and natural foods. Chestnuts are increasingly integrated into diverse cuisines and culinary traditions, boosting consumption. The surge in product innovations and ongoing research and development activities contribute to market momentum. Moreover, chestnuts' roles in sustainable agriculture by preventing soil erosion and promoting biodiversity create environmental incentives for cultivation, supporting long-term market growth.

Export diversification has further expanded the chestnut market. Countries such as China, Italy, and South Korea have leveraged improvements in storage and transportation technologies, maintaining chestnut quality during international trade. China alone accounts for approximately 80% of global chestnut production. Trade agreements and tariff eliminations facilitate greater market access in North America and Europe, stabilizing supply and pricing, which benefits producers and exporters globally.

Market Segmentation

Analysis by Species Type:

• American Chestnut
• Chinese Chestnut
• European Chestnut
• Japanese Chestnut

Chinese chestnut dominates with around 39% market share in 2024. This species is adaptable to varied climates and soils, favored for its sweet, nutty taste and large nut size suitable for both fresh consumption and industrial uses like flour and pastes. Its resistance to chestnut blight provides a significant advantage.

Analysis by Distribution:

• Food and Beverage Industry
• Food Service
• Retail
• Others

Chestnuts are used extensively in the food and beverage industry for snacks, plant-based meals, baked goods, and beverages. The food service sector incorporates chestnuts in seasonal dishes including savory and dessert recipes. Retail channels offer fresh, roasted, frozen, and packaged chestnut products, making consumption convenient. Packaging innovations also enhance accessibility.

Regional Segmentation:

• Asia Pacific
• Europe
• North America
• Latin America
• Middle East and Africa

Countries covered include United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico.

Regional Insights

Asia Pacific is the dominant region with about 39% market share in 2024, attributed to strong consumer bases in China, South Korea, and Japan. China leads global production and consumption of chestnuts, supported by favored cooking traditions and a conducive climate. The regional market's resilience is boosted by export activities, cultivation innovations, and a rising middle-class embracing healthy lifestyles.

Recent Developments & News

• October 2024: Chestnut Petroleum Distributors Inc. (CPD) implemented LottoShield's lottery management system across all 75 of its Chestnut Market convenience stores in New York.
• September 2024: The Jamal family reopened a Chestnut Market convenience store along the Hutchinson River Parkway; CPD Energy operates 75 such locations outside NYC.
• August 2023: Roland Foods acquired IfiGourmet, merging it with AUI Fine Foods, enabling resource and relationship growth.
• June 2023: The Warnell School of Forestry and Natural Resources initiated a project to identify the OxO gene in chestnuts for blight resistance.
• February 2022: Over 200 acres in New York State allocated to chestnut and hazelnut cultivation via a foundation-funded initiative promoting sustainable nut crop production.

Key Players

• 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

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