Hazelnut Market to Witness Rise in Revenues During the Period 2019 - 2029

Global hazelnut market has experienced significant growth over the recent past, which will continue at a promising pace in the following years. The approximately US$ 6 Bn market for hazelnut is set to exhibit a healthy 5% CAGR during 2019 - 2029. As indicated by a new research study of Persistence Market Research (PMR), over 80% of hazelnut consumption is accounted by the confectionary sector that uses it as a base or side ingredient. Bakery and confectionery collectively accounted for over 80% of hazelnut consumption in 2018. Confectioners in particular have been extensively using hazelnut in chocolates, candies, cookies, cakes, and pastries, which would be a strong factor upholding hazelnut consumption at a global level. Retail industry is projected for a solid growth outlook, and traditional confectionary and baker's confectionary will remain among the top beneficiaries.

To remain 'ahead' of your competitors, request for a samples@ https://www.persistencemarketresearch.com/samples/14005

Hazelnut-starring products have been the bestsellers for key chocolatiers such as Ferrero, Nestlé, Mondelez, and Hershey. Ferrero is a key stakeholder in the hazelnut fused confectionery products market. Its popular products such as Nutella Spread, Ferrero Rocher chocolate, and Kinder Merendo candy are some of the bestselling varieties from a single company.

Key Takeaways - Global Hazelnut Market Report

Diversity of hazelnut usage in the food industry is evidently seen in many regions and countries. In countries like Italy, Spain, and Turkey, hazelnut is used as an ingredient in a variety of dishes, whereas in countries like India and UAE, hazelnut is identified as an ingredient primarily used in chocolates and spread.
The beverage industry is projected to create lucrative opportunities for manufacturers in the hazelnut market, as consumers make an increasing demand for hazelnut flavored drinks such as coffee, tea, and hard-drinks. For Instance, along with Frangelico, which is an herb, hazelnut-flavored liquor is used to make a variety of cocktails such as Frangelico Colada and Hazelnut Martini.
Emerging economies are projected to witness significant growth in the hazelnut market, owing to increasing demand from the food & beverage industry, as well as the cosmetics and personal care industry. India and China are expected to show substantial growth, due to the thriving food & beverage industry in the South Asia and East Asia regions.

Download TOC, list of figures & tables@https://www.persistencemarketresearch.com/market-research/hazelnut-market/toc

Market Participants Targeting Retail Channels

Key manufacturers in the global hazelnut market are transforming their strategies according to current trends in the hazelnut market. Leading manufacturers are focusing on improving their product portfolios and exploring new retail channels to increase market penetration in various regions.

Oregon Hazelnut, a leading hazelnut producing company, aims to offer a wide variety of hazelnut offerings in different form, as well as hazelnut products. The company also came up with the concept of a specialty shop, which offers a wide range of its hazelnut products, including hazelnut shells, raw or natural hazelnut, as well as various types of processed hazelnut, hazelnut beers, hazelnut fudge sauce, and hazelnut candy.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/14005

Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

This release was published on openPR.