The global chestnut market size was valued at USD 3.8 Billion in 2024 and is projected to reach USD 5.0 Billion by 2033, growing at a CAGR of 3.1% during the forecast period 2025-2033. Dominated by Asia Pacific with around 39% market share in 2024, the market is driven by culinary versatility, expanding trade, and a shift towards sustainable and organic farming, appealing to health-conscious and environmentally aware consumers worldwide.
Study Assumption Years
Base Year: 2024
Historical Years: 2019-2024
Forecast Period: 2025-2033
Chestnut Market Key Takeaways
Current Market Size: USD 3.8 Billion in 2024
CAGR: 3.1% during 2025-2033
Forecast Period: 2025-2033
The chestnut market is fueled by increasing demand for plant-based diets and protein-rich, low-fat ingredients.
Growing demand for natural, gluten-free, and wholesome foods is positively impacting market growth.
The United States market growth is bolstered by health benefits awareness and organic food preference.
Sustainability efforts promote increased chestnut cultivation due to environmental benefits like preventing soil erosion.
Innovations and R&D activities support the United States market momentum.
Sample Request Link:
https://www.imarcgroup.com/chestnut-market/requestsample
Market Growth Factors
The chestnut market growth is largely driven by the rising popularity of plant-based diets and protein-rich ingredients. Consumers increasingly prefer chestnuts because of their lower fat content compared to other nuts, establishing them as a healthier snack alternative. This shift is supported by escalating demand for natural and wholesome food choices globally, further propelled by consumers' increasing awareness about health maintenance, resulting in lucrative growth opportunities for investors.
Furthermore, chestnuts satisfy hunger and promote satiety, appealing particularly to those with gluten allergies and dietary restrictions. The United States market sees strong growth due to the escalating awareness of chestnuts' numerous health benefits, aligning with the rising preference for organic and natural foods. Additionally, chestnuts' widespread incorporation into various cuisines has helped increase consumption, with emerging markets boosting production and exports.
Sustainability concerns also play a critical role, as chestnuts contribute to preventing soil erosion and fostering biodiversity, encouraging sustainable agricultural practices. Organic chestnut farming is gaining traction, supported by subsidies and awards for ecological methods. These trends are reinforcing the premium consumer segment willing to pay higher prices for environmentally friendly and health-oriented chestnut products.
Market Segmentation
Analysis by Species Type:
American Chestnut: Not provided in source.
Chinese Chestnut: Leads with ~39% market share in 2024. Adaptable to diverse climates/soils, sweet nutty taste, large size used fresh and industrially, resistant to chestnut blight.
European Chestnut: Not provided in source.
Japanese Chestnut: Not provided in source.
Analysis by Distribution:
Food and Beverage Industry: Increasing demand due to nutritional value and versatility in snacks, plant-based meals, baked goods, and beverages, favored by health-conscious consumers.
Food Service: Chestnuts featured in seasonal dishes in restaurants, incorporated in savory meals and desserts, popular in plant-based and health-focused dining.
Retail: Growing retail availability in fresh, roasted, frozen, and packaged forms, with packaging innovations enhancing consumer convenience.
Others: Not provided in source.
Regional Insights
Asia Pacific dominates the chestnut market with a significant 39% share in 2024, led by China, which accounts for about 80% of global production. The region benefits from a favorable climate, strong culinary traditions, and innovation in cultivation and postharvest technologies. The expanding middle class's health consciousness further fuels demand for nutritious foods like chestnuts.
Recent Developments & News
October 2024: Chestnut Petroleum Distributors Inc. (CPD), New Paltz, NY, implemented LottoShield's lottery management system across 75 Chestnut Market convenience stores, enhancing inventory and theft management.
September 2024: The Jamal family reopened a Chestnut Market convenience store on Hutchinson River Parkway; CPD Energy operates 75 stores.
August 2023: Roland Foods acquired IfiGourmet, merging it with its sweets division AUI Fine Foods, aiming for resource and relationship growth.
June 2023: Warnell School of Forestry and Natural Resources collected 11,000+ chestnuts in Central New York, advancing research on the OxO gene for blight resistance.
February 2022: New York State allocated 200+ acres to chestnut and hazelnut cultivation in a two-year sustainable agriculture initiative funded by Edwards Mother Earth Foundation.
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
Get Custom Market Research Report for Your Business:
https://www.imarcgroup.com/request?type=report&id=12858&flag=E
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA,
Email: sales@imarcgroup.com,
Tel No: (D) +91 120 433 0800,
United States: +1-201971-6302
