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
The Hazelnut market size estimation is grounded on both secondary and primary research methodologies. Secondary research involved the analysis of top manufacturers' financial reports, while primary research was conducted through interviews with key industry personnel. The report offers an in-depth analysis of market trends, historical data, and industry-validated statistics, providing a robust foundation for market projections.
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What are Hazelnut Market Dynamics:
The sales of Hazelnut are expected to grow owing to the increasing use of chocolates in the confectionary Industry. 90% of hazelnuts consumed are utilized in confectionary as a side ingredient in chocolate, cookies, and sweets. Chocolate manufacturers are introducing signature brands with hazelnut-infused product lines, which are emerging as a flavor innovation in the global confectionery market. Chocolate hazelnut spreads, similar to peanut butter, are becoming increasingly popular. A rising number of food companies have started to make their versions of this spread, which is currently available in the majority of supermarkets. Chocolate hazelnut products are becoming increasingly popular. In 2020, the popular hazelnut spread Nutella is a common post-school snack for children, especially in Europe, This spread can be applied over slices of bread.
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Hazelnut Market Regional Insights:
Turkey emerges as a dominant player, accounting for over 70% of global hazelnut production and 80% of exports. In the Asia Pacific region, increasing industrial applications of hazelnuts are fueling market expansion.
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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
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
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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
3.Global Hazelnut Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A 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
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