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Hazelnut Oil Market with Current Trends Analysis, 2017-2027

08-08-2018 09:49 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research - Food and Beverages

/ PR Agency: Transparency Market Research
Hazelnut Oil Market with Current Trends Analysis, 2017-2027

Hazelnut oil is extracted from hazelnuts also known as Cobnut or fiber nut. Hazelnut oil is pale yellow, and it is a carrier oil used for diluting essential oils. Hazelnut oil has the nutty taste, and it is slightly sweet in nature which makes it useful for flavoring baked goods and some sauces. Hazelnut oil works great as a marinade. It can be added to mildly flavored oils and used as a base for decorating salads. It is use in cosmetics and personal care items which is expected to increase its demand in the near future. Hazelnut oil is expensive, and it is usually found in epicure shops, although some supermarkets may have a supply.

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Globally, Middle East Africa is one of the largest producer of hazelnut. However, in terms of hazelnut oil consumption Western Europe is expected to represent major market share followed by North America. Increasing demand of personal care products containing natural oil is expected to support the market across North America region. In addition hazelnut oil market in Asia Pacific is expected to represent favorable growth in terms of value over the forecast period.

Hazelnut oil is used in skin nourishment known as aromatherapy which is supporting the market growth. Its nutty taste and sweet aroma helps in flavoring baked goods and decorating salads. Use of hazelnut in the preparation of soaps, lotions, creams, oils and health care products is expected to increase the growth of hazelnut oil market efficiently. Use of hazelnut oil for polishing silverware and copper is further expected to drive the market growth. However, hazelnut oil quite expensive due to less availability of raw material. Moreover, the shelf life of oil is about a year if stored away from exposure to direct sunlight. Thus these factors are collectively expected to restrain hazelnut oil market over the forecast period.

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Some of the key players of hazelnut oil market are Edens Garden, Perles de Gascogne, A L’Olivier, Base Formula, La Tourangelle, Corilanga, NHR Organic Oils, Maille, Mountain Rose, and LorAnn Oils.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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