Press release
Hazelnut Market to reach USD 18.04 Bn by 2029, emerging at a CAGR of 8.7 percent and forecast 2023-2029
Hazelnut Market
Hazelnut, a versatile nut rich in oil, protein, and fiber, is gaining recognition for its numerous health benefits, including reducing the risk of cardiovascular disease. This market is experiencing substantial growth due to the rising awareness of these health advantages and its extensive utilization across industries like food & beverage, cosmetics & personal care, pharmaceuticals, and dietary supplements. Hazelnuts are integral to the production of various global products, with approximately 80% being used in the chocolate sector, 15% in cakes, biscuits, and sweets, and 5% as appetizers.
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Hazelnut Market Research Methodology:
This comprehensive report segments the Hazelnut market by Type, Form, Application, Distribution Channel, and Region. In-depth analysis and meaningful insights are provided, based on historical data, statistically supported market statistics, and industry validation. Our research analysts have employed both bottom-up and top-down approaches to estimate market size, with data gathered through secondary research, including annual reports of top manufacturers, and primary research involving interviews with key industry professionals.
What are Hazelnut Market Dynamics:
Increasing Demand from the Confectionery Industry: Hazelnuts are increasingly used in confectionery products such as chocolates, cookies, and sweets, driving their sales. Chocolate manufacturers are introducing hazelnut-infused product lines, offering innovative flavors in the confectionery market.
Health Benefits: Hazelnuts offer health benefits, including reducing the risk of cardiovascular disease and lowering cholesterol levels. They also contain oleic acid, beneficial for heart health, and reduce the risk of colon cancer, making them a preferred choice for health-conscious consumers.
Cosmetic and Personal Care Use: Hazelnut oil, used in cosmetics and personal care products, contributes to skin and hair health. It is also employed for aromatherapy, adding vitamins and nourishment to the skin.
Hazelnut Market Regional Insights:
Turkey: Turkey accounts for over 70% of global hazelnut production and exports. Hazelnuts are a significant revenue source for Black Sea Region farmers, with increased planting areas and production. However, domestic consumption in Turkey remains low.
Asia Pacific: The Asia Pacific region is witnessing a surge in demand for hazelnuts across various industrial applications, driving market growth.
This report offers a comprehensive analysis of the Hazelnut market, providing stakeholders with insights into industry trends, key players, and market dynamics. It covers market segments, competitive analysis, and the potential impact of micro-economic factors on the market.
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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
Due to the increasing e-commerce industry's use of non-cash payment methods globally, which is increasing the transaction application, in the market, the transaction sector is anticipated to have the bigger market size throughout the forecast period.
Online Analytical Processing (OLAP) and Online Transaction Processing (OLTP) are the two categories according to processing type. OLAP systems are anticipated to experience the fastest CAGR growth among them all during the projection period. OLAP systems are frequently used for corporate process management, sales management, forecasting, and corporate Intelligence (BI). Organisations' struggles with massive data are aided by in-memory OLAP solutions.
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Who are Hazelnut Market Key Players:
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
Table of content for the Hazelnut Market includes:
Global Hazelnut Market: Research Methodology
Global Hazelnut Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Hazelnut Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
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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