Email
Print
Market Overview:
The Chestnut Market size is estimated to reach $4.9 billion by 2030, growing at a CAGR of 3.7% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Chestnut Market – By Species Type: (American Chestnut, Chinese Chestnut, European Chestnut, and Japanese Chestnut.), By Distribution: (Hypermarket and Supermarkets, Convenience stores, Online Stores and Others.), By Application: Food and Beverage Industry, Cosmetic Industry and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”. The rising demand for chestnuts in health-conscious diets, along with their growing use in gourmet and organic food products, are key drivers of market expansion for the chestnut industry during the forecast period.
Asia Pacific Dominated the Market in 2023
The Asia Pacific was the largest segment in 2023. This growth can be attributed to the high rate of production and consumption of chestnuts in the region. According to Food and Agriculture Organization, China is the world’s leading producer of Chestnuts, producing around 1.56 million tonnes of raw chestnuts in 2022 alone. Japan, South Korea and North Korea are also among the top 10 chestnut producers. However, the North American Chestnut Market is projected to grow the fastest over the forecast period of 2024-2030, owing to the introduction of blight-resistant
chestnut tree variants into the region.
Chestnut Market: Key Takeaways
Increased Demand for Plant-Based and Gluten-Free Products
The chestnut market is experiencing a surge in demand, particularly among health-conscious consumers seeking plant-based, gluten-free, and nutrient-rich food options. Chestnuts are becoming a preferred ingredient in various gluten-free flours, snacks, and plant-based recipes. This shift toward healthier eating habits, combined with the rise of vegan and vegetarian diets, is driving the market forward, positioning chestnuts as a versatile and nutritious alternative in the food industry.
For More Queries About "Chestnut Market " @ https://www.industryarc.com/pdfdownload.php?id=17804
Rising Use of Chestnuts in Sustainable Packaging Solutions
The chestnut market is also benefiting from its application in sustainable packaging solutions. Chestnut-derived starches and fibers are increasingly being explored as eco-friendly alternatives to traditional packaging materials. As consumers and businesses shift towards reducing their environmental impact, chestnut-based biodegradable packaging materials offer a renewable and sustainable option, aligning with the global push for greener and more eco-conscious products.
Scope of the Report:
Chestnut Market: Competitive Landscape
Key companies profiled in the Chestnut Market are Chengde Shenli Food Co. Ltd., ConAgra Foods Inc, Chestnut Growers Inc and others.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727