Market Size of Chestnuts Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 3.10 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
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Chestnuts Market Analysis
The global chestnut market is estimated to register a CAGR of 3.1% during the forecast period.
- The chestnut is the most useful tree in the world and has a nutritional composition that sets them apart from all other nuts. Chestnuts are very low in fat and higher in starch than other nuts, making them less caloric. The rich nutritional content is increasing the demand for chestnuts globally and will drive the growth of the market in the coming years. There are 4 major species - American Chestnut (Castanea dentata), European Chestnut (C. sativa), Chinese Chestnut (C. mollissima), and Japanese Chestnut (C. crenata) and 9 less important species of the genus Castanea in the world.
- Asia is the largest producer and consumer of chestnuts in the world. China and Korea are the largest producers of chestnuts in the region. The Chinese chestnut has a flavorful nut and is resistant to chestnut blight so, Korea grows Chinese-Japanese cultivars in order to resist those diseases. Japan is also a major consumer of chestnuts, however, Japanese nuts do not have nearly as good a flavor as Chinese nuts, although being large.
- The application of chestnut flour in baked products is also growing, which in turn is driving the production and export market for chestnuts across the world. According to the Food and Agriculture Organization, China, Bolivia, Greece, Italy, Portugal are the significant chestnut producers in the world.
