The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Global Chestnut Market Industry (2024-2030):

According to the latest report, the Global Chestnut Market size is valued at around USD 3.5 billion in 2024 and is estimated to grow at a CAGR of around 3.3% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Global Chestnut Market.

Key Takeaways: Beneficial for Stakeholders and Clients

• Historic Period: 2019-2022
• Base year: 2023
• Forecast Years: 2024-2030
• CAGR (2024-30): 3.3%
• Market Value (2023): 3.5 Billion

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What are the major Driver the Global Chestnut industry?

Increasing Use of Chestnuts in Bakery & Confectionery Driving Market Growth – Various health and nutritional benefits, and for the enhanced taste chestnuts are used in different forms heated, cooked, or roasted to fulfill different needs & requirements. Dried and fresh both types of chestnuts are consumed by individuals, either by making chestnut flour or by making chestnut puree. Chestnut is a smooth-shelled nut that is usually roasted and ground into flour, and used in puddings, custard, biscuits, and breakfast cereals. Other areas where chestnut flour is used include cakes, bread, pasta, and sauces.

Along with it, the chestnut puree is used for flavoring baked goods like cake, muffins, cookie batters, and bread puddings. It is also used as a filling for pastries and toppings and can be blended into smoothies, and custards. The variety of uses of chestnuts in different ways in the bakery and confectionery industry is continuously driving the demand for chestnuts across the globe.

Global Chestnut Market Segmentation

The Global Chestnut Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

•  By Type
• Sweet Chestnut- Market Size & Forecast 2019-2030, (Thousand Tons)
• American Chestnut- Market Size & Forecast 2019-2030, (Thousand Tons)
• Chinese Chestnut- Market Size & Forecast 2019-2030, (Thousand Tons)
• Castanea Chestnut- Market Size & Forecast 2019-2030, (Thousand Tons)
• Dwarf Chestnut- Market Size & Forecast 2019-2030, (Thousand Tons)
• By End Users
• Residential- Market Size & Forecast 2019-2030, (Thousand Tons)
• Hospitality- Market Size & Forecast 2019-2030, (Thousand Tons)
• Food Processing- Market Size & Forecast 2019-2030, (Thousand Tons)
• By Distribution Chanel
• Offline
• Supermarket & Hypermarket
• Convenience Store
• Chestnut Specialty Stores
• Online
• By Region
• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

As per the regional aspect, the Global Chestnut Market is expected to be dominated by the North America by capturing the potential market share. 

Explore further details about this research report- https://www.marknteladvisors.com/research-library/chestnut-market.html

Top Companies in the Global Chestnut Market

Washington Chestnut Company, Potash Farm, Poulis S.A., Route 9 Cooperative, Chestnut Hill Outdoors, The Galician Naiciña Company, Shuuwa Industrial Co., Ltd, Qinhuangdao Yanshan Chestnut Co., Ltd., Harrison's California Chestnuts, Pomar das Castanhas, Valley Chestnuts, Chestnut Charlie's Organic Nuts, Warnell Schools of Forestry & Natural Resources and others

Global Chestnut Industry Recent Development:

• In June 2023, Warnell Schools of Forestry & Natural Resources, achieved a breakthrough in the chestnut industry. By collecting over 11,000 chestnuts in Central New York, researchers initiated efforts to identify the OxO gene, essential for resisting chestnut blight. This development marks a notable treads in restoring lose of chestnut populations, utilizing innovative techniques such as somatic embryogenesis for the replication of the genes.

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