Hazelnut Market size was valued at US$ 10.06 Bn. in 2022 and the total Hazelnut revenue is expected to grow at 8.7 % through 2023 to 2029, reaching nearly US$ 18.04 Bn.
Hazelnut Market Report Overview
A new report published by Global Market Intealligence firm, Maximize Market Research, indicates that the Hazelnut Market is expected to grow significantly in the coming years. The report identifies the key drivers of growth, as well as the major restraints and challenges that the market is facing. It also provides insights into the potential opportunities that exist in the market.
Hazelnut Market Dynamics
Due to the increased usage of chocolate in the confectionary industry, hazelnut sales are predicted to increase. 90% of the hazelnuts that are consumed are used as a supplementary ingredient in chocolate, biscuits, and pastries. Hazelnut flavoring is emerging as a taste innovation in the worldwide confectionery business, and chocolate producers are establishing trademark brands with hazelnut-infused product lines. Similar to peanut butter, chocolate hazelnut spreads are growing in popularity. This spread, which is currently offered in most supermarkets, is being produced by an increasing number of food businesses. Products with chocolate and hazelnuts are becoming more and more popular. In 2020, students frequently eat Nutella, a popular hazelnut spread, after school, especially in Europe. Slices of bread can be covered with this spread.
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Hazelnut Market Report Scope
The report provides current Hazelnut market trends and regional insights, including demand, supply, and sales, as well as recent changes in the market. It focuses on the key drivers and restraints for key players, as well as the current competitive landscape. The report also provides the latest data on market statistics, future developments, size, and emerging trends, which can help you identify the products and end users that are driving revenue growth and profitability. It also includes company profiles, product specifications, production capacity/sales, revenue, price, gross margin, and sales by product.
Hazelnut Market Regional Analysis
The Hazelnut market report provides a comprehensive overview of the market, including its geographic condition, market size and share, business network structure, opportunities, and news updates.
Hazelnut Market Segmentation
In 2022, the Hazelnut flour category had a sizable market share. Roasted hazelnuts are used to make hazelnut flour. Many businesses sell hazelnut flour that is high in protein and flavor and contains fine hazelnut powder. Smoothies, cereals, and gluten-free pastries all benefit from its rich nut flavor and delicate texture.
Due to the rising usage of hazelnut oil in cooking and salad dressings, the hazelnut oil category is anticipated to grow at the highest CAGR over the forecast period. It’s also extensively used in products for skin care, hair care, and massage or aromatherapy oils.
The Roasted Hazelnuts by Form are ideal as a snack or as a dish topper. The main goal of roasting hazelnuts is to enhance the product’s ideal flavor, color, crispness, and crunch. They enhanced the flavor of homemade granola or muesli as well. To create powder, roasted hazelnuts without the skin are ground in a grinder or industrial miller. Butter and sauces are frequently made using this Roasted Hazelnut powder.
Around 90% of hazelnuts are used in the food and beverage business in one of the following forms: roasted, whitened, minced, sliced, powdered, and purée. Hazelnuts are used as an auxiliary component in the production of ice cream, chocolate, biscuits, desserts, and pastries.
Due to their high levels of fiber, vitamins, and moderate amounts of protein, hazelnuts are utilized in the pharmaceutical business to make cough syrups and ointments as well as in the cosmetics sector.
1 Global Hazelnut Market, by Application (2022-2029)
• Personal Care & Cosmetics
• Pharmaceutical Industry
• Food & Beverages
• Others
2 Global Hazelnut Market, by Distribution Channel (2022-2029)
• Online
• Offline
3 Global Hazelnut Market, by Type (2022-2029)
• Whole Hazelnut
• Hazelnut Paste
• Hazelnut Flour
• Hazelnut Oil
4 Global Hazelnut Market, by Form (2022-2029)
• Roasted
• Unroasted
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Hazelnut Market Key Players
1. Olam International
2. Arslanturk S.A.
3. Karimex Nuts
4. Holmquist Hazelnut Orchards, LLC
5. DurakFindik
6.DeveHerbes
7. Azerstar LLC
8. American Hazelnut Company
9. Hazelz New Zealand
10. Northwest Hazelnut Company
11. Hazelnut Company Divison, Ferrero
12. ADM
13. Karin Gıda
14. BALSU
15. Poyraz Poyraz
16. Fındık Entegre San. Tic. A.Ş.
17. URAK FINDIK Ferrero
18. Kanegrade Ltd.
19. GPR
20. Nuts L
21. Gürsoy Tarımsal Ürünler Gıda San
22. Boxon food
23. Fruits of Turkey
24. BATA FOOD
25. Aydın Kuruyemiş Sanayii ve Ticaret A.Ş.
26. Özgün Gıda Sanayi ve Ticaret Limited şirketi
Key Questions answered in the Hazelnut Market Report are:
- What is Hazelnut?
- What is the forecast period of the Hazelnut Market?
- What is the expected Hazelnut market size by the end of the forecast period?
- What will be the CAGR of the Hazelnut market during the forecast period?
- Who are the key players in the Hazelnut industry?
- Which region held the largest market share in the Hazelnut Market?
- What are the opportunities for the Hazelnut Market?
- What are the factors restraining the Hazelnut market growth?
Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2021)
- Past Pricing and price curve by region (2017 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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