According to the recent study the chestnut market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by rising awareness on its health benefits, increasing shift towards gluten free flour, and increasing usage of chestnuts in bakery and confectionery.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in chestnut market by product type (American chestnut, Chinese chestnut, European chestnut, and Japanese chestnut), distribution channel (supermarkets and hypermarkets, convenience stores, specialty stores, online, and others), end use industry (food and beverage, cosmetic and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Chinese chestnut market is expected to remain the largest segment during the forecast period.”
Based on product type, the chestnut market is segmented into American chestnut, Chinese chestnut, European chestnut, and Japanese chestnut. Lucintel forecasts that the Chinese chestnut market is expected to remain the largest segment due to increasing use as a stuffing and topping in soup, salad, and various confectionery items.
“Within the chestnut market, the food and beverage segment is expected to remain the largest end use industry”
Based on end use industry the food and beverage segment is expected to witness the highest growth over the forecast period due to expansion of food industry and demand for bakery products.
“Asia pacific will dominate the chestnut market in near future”
APAC will remain the largest region due to growing demand for chestnut flour, increasing application in bakery, rising population, and increasing health-consciousness among population.
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Major players of chestnut market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Shipton Mill Ltd, Windmill Organics Ltd, Royal Nut Company, Faith Angel Group, Naturelka are among the major chestnut providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/chestnut-market.aspx or [email protected]