Global Chestnut Market Research Report: Forecast (2024-2030)

Market Definition

Chestnuts are low in fats, and gluten-free, have many benefits for human health, and can be consumed by heating, cooking, and roasting adding flavors and improving digestibility. For a healthy diet, it can be a substitute for rice, potatoes, pasta, and wheat. It is not only associated with its sensory characteristics and versatile uses but also its high nutritional and functional values. Chestnuts help regulate cholesterol levels & insulin response, mostly made up of carbohydrates, are good sources of vitamins including vitamin C & Vitamin B6, minerals including calcium, potassium, iron, zinc, magnesium, etc., and other chemical components that help in protecting cells.

Market Insights & Analysis: Global Chestnut Market (2024-30):

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. With extensive and various uses of chestnuts with the variety of nutrients available, these are increasingly preferred by individuals all across the world. The food and beverages industry is widely using chestnuts in one or the other form. Different types and forms of chestnut are used like chestnut flour is used in pasta, sauce, cookies, cakes, breads, and other breakfast cereals, chestnut puree also has different uses from pastries to gateaux. Increasing use of chestnuts in various forms like roasted, heated, and cooked have their own distinct and impactful uses which are driving the size & volume of the chestnut industry worldwide.

Chestnuts are also used in different types of traditional and modern dishes. With health and nutrient benefits, innovations are going on in different regions of the world to increase its usability, for instance, the quality of chestnuts being gluten-free is attracting the markets and innovators to find the areas where chestnuts can be used in making products for celiac disease patients, the disease is caused by consuming the food containing glute. In this direction, chestnuts are preferred to be used in making bread that is gluten-free and made for gluten-intolerant consumers.

However, chestnuts have different uses and benefits, but some factors are affecting their market growth & expansion. It is highly vulnerable to infectious diseases such as chestnut blight, phytophthora root rot, cryphonectria parasitica, nut rots, and sunscald. Chestnut blight has contributed to the almost extinction of American chestnuts during the early 20s.  Therefore, high investments and efforts are going on in the region of North America to re-introduce the new variants of chestnut plants by exporting from Europe and China. The trees with new variants are ensured that they are not destroyed by such diseases as was in the past. Ultimately, it is augmenting the revenue growth of the North American Chestnut Market.

Further, the increasing awareness among individuals these days related to health benefits associated with chestnuts growing preference for a healthy diet with nutrients, and opposing food including gluten to restrict the disease caused by gluten-rich foods, is expected to drive the revenue growth of the market during the forecast period. Consumers are becoming health conscious these days, inclining towards nutritional foods, rather than taste-oriented foods, but chestnuts are also used as a taste enhancer and appetizer in cakes and desserts, increases their relevance and have different health and nutritional benefits as well, these factors are going to boost the market for chestnuts in the coming years.

Global Chestnut Market Driver:

Increasing Use of Chestnuts in Bakery & Confectionery Driving Market Growth – 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.

Global Chestnut Market Opportunity:

Rising Awareness of Nutritional & Other Health Benefits Associated with Chestnuts Offering Lucrative Market Opportunities – Many nutritional & functional health benefits associated with the consumption of chestnuts are going to boost the market for chestnuts shortly, as individuals these days are increasingly becoming health conscious and preferring the diets which are nutritious and healthy. The awareness regarding the health benefits of chestnuts across the globe is expected to boost the market growth. Chestnuts are made up of carbohydrates and are rich in minerals, vitamins, and other chemical compounds that help protect the cells and also contain Gallic acids which are useful antioxidants in reducing the risk of cardiovascular disease, some cancers, and stroke.

Chestnuts are also helpful in dealing with the issues of improper digestion and useful in maintaining blood glucose levels, as they contain high fiber which improves digestion. Nowadays individuals are inclined towards gluten-free foods to escape from celiac disease and other related issues. They are also focusing on a healthy weight range, chestnuts are a good substitute in this as they contain low fat, low sodium, and are gluten-free. All these associated benefits with the consumption of chestnuts and the increasing awareness regarding them are projected to augment the demand for chestnuts during the forecast period. Thus, ultimately it would create a lot of opportunities for the market players.

Global Chestnut Market Challenge:

Some of the Chestnut Varieties Being Vulnerable to Diseases, Pathogens, and Insects – Chestnuts are assumed to be most susceptible to disease and come in contact with pathogens & insects. One of the famous diseases which affects the plants of chestnut is known as Chestnut Blight. Also, most of the American chestnuts came in contact with this disease in the 19th century which became the cause for almost extinction of the American chestnuts at that time. However, Chinese chestnuts are immune to this famous disease of chestnut blight, but the other areas where chestnuts are more likely to get infected by this disease are Southeast and East Asia, Europe, and North America. All the regions of chestnut production have different related diseases, for which the chestnut plants are vulnerable, and plants of different regions have different levels of tolerance power to the disease, which leads to uneven demand and supply of chestnuts across the globe, and affects the even growth for the chestnut producing companies in the market.

Some of the other diseases that impact the market growth for chestnut companies are cryphonectria parasitica, phytophthora root rot, sunscald, and nut rots. The trees that are infected by these diseases are used to develop canker corsets in the stems, trunks, and branches of the plant, which prevents the flow of nutrients and water in the plant. This leads to different levels of nutrients available in the chestnuts in different areas, makes the prices uneven for different varieties, and challenges the market growth for chestnuts, by making it difficult to set stable prices for chestnuts in the industry.

Global Chestnut Market Trend:

Increasing Use of Chestnuts in Making Gluten-Free Food Items – A disease that is famous when it comes to gluten, is Celiac Disease (CD) which is produced by having food rich in gluten content and can adversely affect our body and health by affecting the number of red blood cells in the body, creating the problem of fatigue, gas, bloating, diarrhea, nausea, etc. The number of individuals affected by this disease is increasing, leading to around 1.4% global population being affected by the disease in 2022, as per the research of Cleveland Clinic. As the issue of gluten sensitivity among individuals is increasing year by year, governments and organizations are forced to find solutions and innovate food item ideas that can provide gluten-free dietary options.

Also, the single and most common solution available for celiac disease is consuming 100% gluten-free food, and chestnuts being gluten-free nuts, are increasingly used in creating gluten-free bread, chestnut flour, and other items that are gluten-free, and good for patients with celiac disease. The research made on the topic also supports that if we use chestnuts in the preparation of bread, it improves the quality of bread, by enhancing flavor, providing fiber, acting as an antioxidant, and increasing the shelf life of bread. This is continuously enhancing the usability of chestnuts and opening the door for innovations in the gluten-free food industry.

Global Chestnut Market (2024-30): Segmentation Analysis

The Global Chestnut Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the global level. Based on the analysis, the market has been further classified as:

Based on 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.

Based on the Distribution-Channel:

• Offline
  • Supermarket & Hypermarket
  • Convenience Store
  • Chestnut Speciality Stores
• Online

The largest share of the Global Chestnut Market in the Distribution Channel type was taken up by Offline channels, and it is estimated that this trend will go on during the forecast period as well. The consumers in the offline channels can check the quality of the product by themselves, and that satisfies them and serves the larger part of the consumers of low-income or developing countries where offline distribution is easy compared to online.

Global Chestnut Market (2024-30): Regional Projections

Geographically, the Global Chestnut Market expands across:

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

In the global market of chestnuts, among all the major regions, the market is commanded by the Asia-Pacific region, and many associated countries of the APAC are contributing to this highest share. In the group of leading economies in the chestnut industry, most of them are present in the APAC. Also, when it comes to leading producers of chestnuts globally, Korea, Japan, China, and a few other countries are on the list of top producers. China is governing the chestnut market in the region by becoming the largest producer and largest exporter. Most of the countries that top the list of Chinese chestnut exporting list are also related to the Asia-Pacific region only, some of the examples of these countries are Japan, Vietnam, Thailand, Taiwan, etc.

Global 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.

Gain a Competitive Edge with Our Global Chestnut Market Report

1. Global Chestnut Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. The Global Chestnut Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.