The global chestnut market was valued at USD 3.8 Billion in 2024 and is projected to reach USD 5.0 Billion by 2033, demonstrating a CAGR of 3.1% during the forecast period from 2025 to 2033. Asia Pacific dominates the market with approximately 39% share in 2024, driven by culinary versatility, expanding global trade, and increasing adoption of sustainable and organic farming methods catering to health-conscious consumers. 

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% during 2025-2033
• Forecast Period: 2025-2033
• The chestnut market growth is fueled by its culinary versatility and adoption in various recipes both vegan and non-vegan.
• China accounts for approximately 80% of the world’s annual chestnut production.
• The market is expanding due to increasing demand for natural, wholesome, plant-based, and gluten-free foods.
• North America’s demand is driven by gluten-free product awareness and American chestnut variety restoration.
• Asia Pacific’s dominance stems from cultural adoption, production strength, and rising middle-class health trends.

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Market Growth Factors

The growing popularity of plant-based diets and protein-rich ingredients is a major driver of market growth. Consumers increasingly prefer chestnuts for their lower fat content compared to other nuts, viewing them as a healthier snack option. Additionally, the global rise in demand for natural and wholesome food choices positively impacts market expansion. Rising consumer awareness about maintaining a healthy lifestyle offers lucrative growth opportunities to industry investors.

The United States chestnut market benefits from escalating awareness of health benefits associated with chestnuts and a growing preference for organic and natural foods. The integration of chestnuts in diverse cuisines boosts consumption. Moreover, increased production and exports driven by emerging markets and sustainability efforts contribute to market momentum. Chestnut cultivation also plays a critical environmental role in preventing soil erosion and promoting biodiversity.

The trend towards sustainable and organic farming techniques is another key growth factor. Eco-conscious consumers prefer farm-sourced chestnuts produced through biological methods instead of chemicals. Organic chestnuts command a premium price due to perceived better quality and safety. National and international support through subsidies and awards incentivizes organic farming, expanding this market segment further. This movement aligns with global policies promoting sustainable agriculture, driving the overall chestnut market growth.

Market Segmentation

Analysis by Species Type:

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

Chinese chestnut leads with around 39% market share in 2024. Originating in China and East Asia, it is adaptable to various climates and soils, making it widely planted globally. Its sweet, nutty taste and large size suit fresh eating and industrial uses like flour and pastes. It is resistant to chestnut blight, providing it a competitive advantage in global agriculture.

Analysis by Distribution:

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

The food and beverage sector leads demand thanks to chestnuts’ nutritional value and versatility in snacks, plant-based meals, baked goods, and beverages. Chestnuts contain about 15 grams of fiber per 100 grams, supporting digestive health and appealing to consumers seeking gluten-free and health-conscious options. In food service, chestnuts are featured in savory and dessert dishes, attracting restaurants that emphasize sustainable and innovative menus. Retail distribution expands through fresh, roasted, frozen, and packaged products for consumer convenience.

Regional Insights

Asia Pacific is the dominant region in the chestnut market with approximately 39% share in 2024. The region benefits from large consumer populations in China, South Korea, and Japan, favorable growing climates, and historic culinary traditions incorporating chestnuts. China, as the largest producer and consumer, supports a resilient domestic market and significant export activity. Innovation in cultivation methods and a growing health-conscious middle class further drive market expansion.

Recent Developments & News

• October 2024: Chestnut Petroleum Distributors Inc. (CPD), New York, implemented LottoShield’s lottery management system across all 75 Chestnut Market convenience stores, enhancing inventory and theft control.
• September 2024: The Jamal family reopened a Chestnut Market convenience store along the Hutchinson River Parkway with a remodel focusing on customer experience.
• August 2023: Roland Foods acquired IfiGourmet and merged it with its sweets division, AUI Fine Foods, aiming to expand resources and relationships.
• June 2023: The Warnell School of Forestry and Natural Resources launched a project in Central New York to identify the OxO gene critical to chestnut blight resistance, gathering over 11,000 chestnuts.
• February 2022: In New York State, over 200 acres were allocated for chestnut and hazelnut cultivation through a two-year initiative funded by the Edwards Mother Earth Foundation to scale 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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