Hazelnut Market size was valued at USD 10.93 Bn. in 2023 and the total Hazelnut revenue is expected to grow at 8.7 % through 2024 to 2030, reaching nearly USD 19.60 Bn.
Hazelnut Market Overview:
The global hazelnut market is experiencing steady growth due to its wide range of applications in the food and beverage, cosmetics, pharmaceutical, and dietary supplements industries. Hazelnuts are recognized for their health benefits, including heart-healthy omega-3 fatty acids, which help reduce cardiovascular disease risks. They are widely used in chocolate products, accounting for the largest share of global consumption, and are also incorporated into bakery goods and as snacks. As awareness of the health advantages of hazelnuts rises, demand across these sectors is expected to continue expanding.
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Hazelnut Market Trends:
The market for hazelnuts is witnessing several key trends, particularly the increasing demand for hazelnut-based products in the confectionery sector, such as chocolates and spreads. With hazelnuts becoming a popular flavor innovation in chocolate and sweet products, their versatility is also being leveraged in savory dishes, especially in emerging markets like Indonesia. Additionally, the growing use of hazelnut oil in skincare, haircare, and aromatherapy further strengthens the market’s growth. The trend towards healthy, plant-based ingredients also contributes to rising consumer interest in hazelnut products.
What are Hazelnut Market Dynamics?
The hazelnut market is primarily driven by the increasing demand from the confectionery industry, where hazelnuts are a popular ingredient in chocolates, spreads, and baked goods. The health benefits of hazelnuts, including their heart-health-promoting properties and high levels of vitamins and antioxidants, also contribute to their rising popularity. Additionally, the growth of the cosmetic and personal care sector, which uses hazelnut oil for skincare and haircare, further fuels the demand. However, challenges such as high prices and the potential effects of climate change on production may hinder market growth.
Hazelnut Market Opportunities:
The hazelnut market presents significant opportunities, especially in the untapped potential of hazelnut oil. Its use in infant nutrition products, as well as its increasing application in skincare, haircare, and food products, represents key growth areas. The expanding demand for plant-based, heart-healthy, and allergen-free ingredients also opens doors for new product innovations, such as dairy alternatives and gluten-free offerings. Furthermore, the ongoing expansion of hazelnut cultivation in regions outside of traditional producers offers new markets for growth.
What is Hazelnut Market Regional Insight?
Turkey remains the dominant player in the global hazelnut market, accounting for over 70% of production and 80% of exports. The Black Sea region, particularly Turkey, plays a crucial role in the supply chain, with continued increases in both production and planting areas. In contrast, the Asia Pacific region is witnessing growing demand for hazelnuts, spurred by industrial applications across food, cosmetics, and personal care sectors. These regional dynamics highlight the importance of Turkey as a major supplier while indicating emerging opportunities in the Asia Pacific market for hazelnut-based products.
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What is Hazelnut Market Segmentation?
by Type
Whole Hazelnut
Hazelnut Paste
Hazelnut Flour
Hazelnut Oil
by Form
Roasted
Unroasted
by Application
Personal Care & Cosmetics
Pharmaceutical Industry
Food & Beverages
Others
by Distribution Channel
Online
Offline
Some of the current players in the Hazelnut Market are:
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
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Key Offerings:
- Past Market Size and Competitive Landscape
- Hazelnut Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Hazelnut Market Segmentation – A detailed analysis by Product
- 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
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