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 hazelnut market is driven by its diverse applications across the food & beverage, cosmetics, pharmaceutical, and dietary supplements industries. Rich in omega-3 fatty acids, fiber, and protein, hazelnuts offer significant health benefits, including reducing the risk of cardiovascular diseases, which is bolstering consumer demand. Hazelnuts are widely used in chocolates, confectionery, and bakery products, with approximately 80% of production utilized by the chocolate sector. Rising health consciousness and the versatility of hazelnut-based products are expected to fuel the market’s growth during the forecast period.
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Hazelnut Market Trends:
The hazelnut market is witnessing a surge in demand due to the increasing popularity of hazelnut-infused products in the confectionery and bakery industries. Signature hazelnut flavors in chocolates and spreads like Nutella are gaining traction, particularly among millennials seeking innovative tastes. Furthermore, the growing use of hazelnuts in gluten-free and plant-based products highlights its adaptation to evolving consumer preferences for health-conscious and sustainable food choices.
What are Hazelnut Market Dynamics?
The dynamics of the hazelnut market are shaped by factors such as rising health awareness, increased use in confectionery, and expanding industrial applications in cosmetics and pharmaceuticals. While the market benefits from the growing popularity of hazelnut-based products, challenges like high production costs and price fluctuations may hamper its growth. However, untapped opportunities in emerging markets and innovations in product formulations continue to drive the market forward.
Hazelnut Market Opportunities:
The hazelnut market offers significant opportunities driven by its health benefits and expanding applications. Increased use of hazelnut oil in cosmetics and personal care products for its skin-conditioning properties is creating growth potential. Additionally, the rising demand for plant-based and gluten-free foods provides lucrative opportunities for hazelnut-based ingredients in innovative product development. Emerging markets in the Asia Pacific region are also poised to become major growth hubs due to increasing industrial applications and consumer awareness.
What is Hazelnut Market Regional Insight?
Turkey dominates the hazelnut market, accounting for over 70% of production and 80% of exports in 2023, making it a key player in the supply chain. The country’s Black Sea Region supports large-scale hazelnut farming, though domestic consumption remains low. In the Asia Pacific, growing industrial applications and consumer demand for hazelnut products are driving market growth, while Europe and North America continue to be leading consumers due to established confectionery markets and health-focused lifestyles.
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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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