The Hazelnut Market was estimated at USD 6.72 Billion in 2021, and is projected to reach USD 8.49 Billion by 2028, growing at a CAGR of 3.4% over the analysis period.
Hazelnuts are the nuts obtained from the hazel tree and can be found whole, raw, ground, sliced, or roasted. Hazelnuts are used primarily as a snack or added to baked goods. According to the International Nut and Dried Fruit Council, Hazelnut production has shown a rise in growth of 21% in 2021 and is estimated to increase between 1% to 5% in the upcoming years.
Hazelnuts market research includes a thorough competitor study analysis and SWOT analysis. According to the market study, report covers key players market share and global impression through collaborations, mergers and acquisitions, joint ventures, partnerships, agreements and product launches. The research examines macroeconomic and microeconomic variables that may affect market demand and growth. The research reports covers COVID-19 impact on current market position as well as regional analysis for future growth. The market size, share, production, revenue, production, gross margin, pricing, and market-influencing factors are all covered in research report. The market research report is in-depth examined for the relevant time frame.
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Report Scope:
| Report Attribute | Details |
| Market Size In 2021 | USD 6.72 Billion |
| Market Size in 2028 | USD 8.49 Billion |
| CAGR Growth Rate | 3.4 %. |
| Base Year | 2021 |
| Forecast Period | 2022 to 2028 |
Leading Key Players:
- Balsu Gida (Turkey)
- Chelmer Foods (North Essex)
- Kane grade (U.K)
- Olam International (Singapore)
- Oregon Hazelnuts (U.S.)
- Aydin Kuruyemis (Istanbul)
- GEONUTS (Georgia)
- Poyraz Tarimsal (Istanbul)
- Barry Callebaut AG (Switzerland)
- Arslantürk (Turkey)
- Karimex (Brazil)
- Gursoy Tarimsal Urunler Gida (Turkey)
- Fruits of Turkey (Turkey)
- BATA Food (Turkey)
- Durak Findik (Turkey), and other major players.
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Market Dynamics and Factors:
Drivers:
- Enormous Demand from the Chocolate Industry
Restraints:
- Uncertainty in Climatic Conditions
Opportunities:
- Lucrative Opportunity for Premium Products and Exotic Ingredients in the Urban Population
Market Segment by Type:
- Processed Hazelnuts
- Unprocessed Hazelnuts
Market Segment by Application:
- Hazelnut-based Foods & Beverages
- Hazelnut Oil
- Pharmaceutical
- Cosmetics
Market Segment by Distribution Channel:
- Online
- Offline
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Market Segment by Region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Development In The Hazelnut Market
In July 2021, the Italian food brand Fabulous declared the launch of a line of organic hazelnut and cocoa spreads that are created with a combination of hazelnuts, chickpea, and cocoa. The original Hazelnut Cocoa product further will be followed by the launch of the Savoury Orange Hazelnut as well as Crunchy Hazelnut flavors.
In April, 2021, Hazelnut Growers of Oregon (HGO) and its parent company Wilco happily announced that they are seeking a partner with a track record of building great brands to further form a joint venture to grow HGO’s retail hazelnut consumer product business.
Table of Contents
Chapter 1: Introduction
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: Market by Type
Chapter 6: Market by Application
Chapter 7: Market by End-User
Chapter 8: Company Profiles and Competitive Analysis
Chapter 9: Global Market Analysis, Insights and Forecast, 2016-2028
Chapter 10: North America Market Analysis, Insights and Forecast, 2016-2028
Chapter 11: Europe Market Analysis, Insights and Forecast, 2016-2028
Chapter 12: Asia-Pacific Market Analysis, Insights and Forecast, 2016-2028
Chapter 13: Middle East & Africa Market Analysis, Insights and Forecast, 2016-2028
Chapter 14: South America Market Analysis, Insights and Forecast, 2016-2028
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
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Key Benefits of Global Market Research Report:
- Market Segmented by Types, Applications, Regions, and key players
- Potential Market Drivers. restraints, opportunities and challenges in the study
- Recent Key industry news, developments and trends
- Leading Competitive landscape & strategies of industry players
- Research coves market historical, current, and projected market size and share value
- In-depth analysis of market in terms of sales, price, revenue, market share, and growth rate
- Research covers the porter analysis Bargaining Power of Suppliers and consumers, Threats of New Entrants, Substitute Product and Services
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