(MENAFN- IMARC Group)
The latest report by IMARC Group, titled“ Chestnut Market Report by Species Type (American Chestnut, Chinese Chestnut, European Chestnut, Japanese Chestnut), Distribution (Food and Beverage Industry, Food Service, Retail, and Others), and Region 2024-2032 ”, offers a comprehensive analysis of the industry, which comprises insights on the chestnut market trends . The global market size reached US$ 3.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3.22% during 2024-2032.
Factors Affecting the Growth of the Chestnut Industry:
Heightening Nutritional and Culinary Appeal:
The chestnut market is currently experiencing significant growth driven by the rising nutritional and culinary appeal of chestnuts. These nuts are prized for their health benefits, being low in fat and a rich source of dietary fiber, vitamins, and minerals. Beyond their nutritional value, chestnuts offer a unique and delectable flavor profile. Their versatility in both sweet and savory dishes makes them a sought-after ingredient in various culinary applications. As consumers increasingly prioritize healthier eating habits and natural, nutrient-rich foods, chestnuts have gained popularity, driving demand and accelerating their adoption in the market.
Rise of Plant-Based and Healthy Eating Trends:
The chestnut market is primarily driven by the rise of plant-based and healthy eating trends. Chestnuts are inherently plant-based and align with the principles of vegetarian, vegan, and gluten-free diets. As more consumers adopt these dietary preferences and seek healthier food choices, chestnuts have emerged as a versatile and nutritious ingredient. They are used in plant-based recipes, chestnut-based snacks, and gluten-free baking, catering to individuals looking for wholesome and sustainable food options. This trend towards plant-based and health-conscious eating continues to fuel the demand for chestnuts, fostering market growth.
Global Supply Chain and International Markets
The chestnut market is significantly driven by the global supply chain and its ability to reach international markets efficiently. Chestnuts are grown and consumed in various regions worldwide, and advancements in logistics and supply chain management have facilitated their year-round availability. This globalization of the chestnut market enables the efficient transportation and distribution of chestnut products to international consumers. As a result, chestnuts have gained recognition and popularity on a global scale, with international trade and accessibility expanding their market reach and making them a versatile and globally appreciated food item.
For an in-depth analysis, you can request the sample copy of the market report: https://www.imarcgroup.com/chestnut-market/requestsample
Leading Companies Operating in the Chestnut Industry:
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
Chestnut Market Report Segmentation:
By Species Type:
American Chestnut Chinese Chestnut European Chestnut Japanese Chestnut
Chinese chestnut represented the leading segment due to its widespread cultivation and popularity.
Food and Beverage Industry Food Service Retail Others
Based on the distribution, the market has been divided into the food and beverage industry, food service, retail, and others.
North America Europe
Germany France United Kingdom Italy Spain Others Asia Pacific
China Japan India South Korea Australia Indonesia Others Latin America Middle East and Africa
Asia Pacific's dominance in the chestnut market is attributed to the region's rich tradition of chestnut consumption and extensive cultivation.
Global Chestnut Market Trends:
The chestnut market is primarily driven by the increasing recognition of chestnuts as a nutritious and versatile food source. Chestnuts are gaining popularity due to their nutritional value, including being low in fat and a good source of fiber and vitamins. Apart from this, the expanding consumer interest in healthy and plant-based diets has augmented the demand for chestnut-based products, such as flour, purees, and snacks. This trend aligns with the growing preference for natural and wholesome foods. Furthermore, ongoing advancements in logistics and supply chain management that enable chestnuts to be transported and distributed more efficiently to meet the demand of international markets are supporting market growth.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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