Major Market Shift in Hazelnut Industry: Hazelnut Product Line With Innovative Snacks And Spreads

"What Is the Forecasted Market Size and Growth Rate for the Hazelnut Market?
The market size of hazelnuts has seen substantial growth in recent years, with projections indicating an expansion from $15.11 billion in 2024 to $16.48 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.1%. Factors such as a heightened focus on health, the booming snack food industry, the expansion of hazelnut farms, escalating hazelnut demand, and a shift in consumer preferences favoring a plant-based diet have contributed to this notable growth during the historic period.

In the coming years, the hazelnut market is projected to experience robust growth, expanding to $23.07 billion by 2029 with a compound annual growth rate (CAGR) of 8.8%. This market expansion during the forecast period can be credited to increasing awareness about organic and sustainable farming techniques, the proliferation of e-commerce, effective strategies for adapting to climate change, the expansion of online grocery shopping platforms, and the rising use of hazelnuts. Future market trends are likely to feature progress in plant-based products, advancements in hazelnut processing, innovative methods in sustainable and organic farming, and the introduction of new beverages derived from hazelnuts.

What Factors Are Propelling the Expansion of the Hazelnut Market?
The escalating tendency towards plant-based diets is predicted to stimulate the expansion of the hazelnut market in the future. These diets, which predominantly consist of foods obtained from plants, include fruits, vegetables, grains, legumes, seeds, and nuts. The appeal of plant-based diets is being fueled by factors like increased health awareness, apprehension about climate change, animal welfare concerns, and the wide variety of plant-based produce available. Hazelnuts, enriched with antioxidants, healthy fats, and essential nutrients, can potentially reduce oxidative stress and inflammation, bolstering brain health in individuals suffering from Parkinson's disease. For instance, per the Plant Based Foods Association (PBFA), a U.S. based group, plant-based foods recorded a sales surge of 6.6% in 2022, a rise from 5.9% in 2021. Moreover, 70% of U.S. inhabitants were partaking in plant-based foods, marking an increase from 66% in the prior year. Hence, the rising affinity for plant-based diets is accelerating the growth of the hazelnut market.

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Which Businesses Are at the Forefront of Hazelnut Market Development?
Major companies operating in the hazelnut market are Cargill Inc., Nestlé S.A., Ferrero International S.A., Barry Callebaut AG, J.M. Smucker Company, McCormick and Co. Inc., Hain Celestial Group Inc., Diamond Foods LLC, Nutiva Inc., Tropicana Products Inc., Weber Flavors, GEONUTS, Amedei Toscana, Chelmer Foods Ltd., Baker's Choice, Azerstar LLC, Northwest Hazelnut Company, Hazelnut Growers of Oregon Inc., Hazelz New Zealand, Apex Flavors Inc., Pascha Chocolate, Arslanturk S.A., Boxon Food, BATA FOOD Inc.

What Are the Latest Innovations in the Hazelnut Market?
Primary players in the hazelnut market are concentrating on creating inventive offerings, like novel snacks and spreads, to amplify taste attributes, augment nutritional properties, and meet the changing demands of consumers for healthier and more environmentally conscious choices. Snacks and spreads are easy-to-eat food variants designed for rapid consumption, where snacks are small portions of delights and spreads are often flavorsome, spreadable enhancements for other food items. For instance, Otto's Nuts, an American gourmet snack firm, rolled out a variety of Turkish coffee and cocoa-coated hazelnut snacks, as well as creative spreads in October 2023. This collection features diverse flavors merging the scrumptious flavor of hazelnuts with popular drinks, captivating consumers who are on the lookout for distinctive taste experiences. The ambition behind this product series is to present the ideal blend of sweet and crunchy elements, while also emphasizing the nutritional benefits of hazelnuts like healthy fats, fiber, and protein.

How Is the Hazelnut Market Segmented?
The hazelnutmarket covered in this report is segmented -

1) By Type: Whole Hazelnut, Hazelnut Oil, Hazelnut Flour, Hazelnut Paste, Other Types
2) By Form: Roasted, Unroasted
3) By Distribution Channel: Online, Offline
4) By Application: Personal Care And Cosmetics, Pharmaceutical Industry, Food And Beverages, Other Applications

Subsegments:
1) By Whole Hazelnut: Raw Whole Hazelnuts, Roasted Whole Hazelnuts, Blanched Whole Hazelnuts
2) By Hazelnut Oil: Cold-Pressed Hazelnut Oil, Refined Hazelnut Oil, Unrefined Hazelnut Oil
3) By Hazelnut Flour: Blanched Hazelnut Flour, Unblanched Hazelnut Flour, Organic Hazelnut Flour
4) By Hazelnut Paste: Sweetened Hazelnut Paste, Unsweetened Hazelnut Paste, Organic Hazelnut Paste
5) By Other Types: Hazelnut Butter, Hazelnut Milk, Hazelnut Spread

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Where Is the Hazelnut Market Growth Most Prominent?
Europe was the largest region in the hazelnut market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the hazelnut market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Hazelnut Global Market Report?

- Market Size Analysis: Analyze the Hazelnut Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hazelnut Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hazelnut Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hazelnut Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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This release was published on openPR.