The hazelnut market is expected to witness CAGR of 8.8% in the forecast period of 2022 to 2029 and is further estimated to reach USD 29343.76 million by 2029,Size, Share, Trends, Key Drivers, Demand,Opportunity Analysis and Competitive Outlook

Data Bridge Market Research analyses that the hazelnut market was valued at a USD 14944.61 million in 2021 is expected to reach the value of USD 29343.76 million by 2029, at a CAGR of 8.8% during the forecast period of 2022 to 2029.

Market Overview

Hazelnut, also known as filbert nut or cobnut, is a species of Corylusavellana. Hazelnuts have a high nutritional value and are high in vitamins B, E, and K. In addition to these vitamins, hazelnut contains minerals, good fats, and proteins, making it a suitable ingredient in vegetarian products. It has low sodium content and a low cholesterol level. It has a variety of health benefits, including lowering LDL (bad) cholesterol and increasing HDL (good) cholesterol, as well as being a natural treatment for celiac disease.

Hazelnut Market Regional Analysis/Insights

The hazelnut market is analysed and market size insights and trends are provided by country, form, category, shape, origin, packaging, application and distribution channel as referenced above.

The countries covered in the hazelnut market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Poland, Sweden, Denmark, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Hong Kong, Philippines, New Zealand, Taiwan, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is the most appealing market for hazelnut market, with tremendous growth potential in the coming years. One of the key driving factors for the growth of the Asia-Pacific hazelnut market is the expansion of the food and beverage industry. Rising demand from emerging markets such as China, India, and Indonesia, will drive the hazelnut market over the forecast period. Asia-Pacific is expected to remain the most important region in terms of volume. Aside from that, North America has proven to be a lucrative market for the hazelnut market due to rising consumer health consciousness and preference for natural products.

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