Hazelnut Market to Reach US$ 13.4 Bn by 2032, Growing at a CAGR of 6.5% (2025-2032) | Persistence Market Research

The global hazelnut market is on a strong growth trajectory, and this upward trend is expected to continue in the coming years. According to Persistence Market Research, the market size is anticipated to reach US$ 8.8 billion by 2025, with a robust CAGR of 6.5% projected from 2025 to 2032. By the end of 2032, the market is expected to grow to US$ 13.4 billion. Hazelnuts, known for their nutritional value and versatility in the food and beverage industry, are witnessing rising demand across the globe, especially in regions such as Europe, North America, and parts of Asia.

Hazelnuts are primarily used in a variety of food applications, including confectionery, bakery products, snacks, and dairy products. Their growing popularity is linked to their health benefits, including high levels of antioxidants, healthy fats, and vitamins. Additionally, hazelnuts are increasingly being used in plant-based alternatives, such as dairy-free hazelnut milk and vegan chocolates, further expanding their market presence.

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✅ Overview of the Market, Market Statistics, Key Growth Drivers, Leading Segment, and Leading Geographical Region

The hazelnut market has been growing steadily and is expected to witness significant progress, with a CAGR of 6.5% from 2025 to 2032. As of 2025, the market is projected to reach US$ 8.8 billion, with the forecasted growth taking it to US$ 13.4 billion by 2032. Several factors are contributing to this growth, including increasing demand for natural ingredients, a rising consumer shift towards healthier snacks, and growing applications in the food processing industry.

The leading segment in the hazelnut market is the confectionery sector, where hazelnuts are widely used in products like chocolates, pralines, and other treats. The rise in the consumption of premium chocolates and confectionery products is a key driver for this growth. Additionally, Europe holds the largest share of the hazelnut market due to the high consumption of hazelnut-based products, especially in countries like Turkey, Italy, and Germany, where hazelnuts are a staple ingredient in many traditional desserts and snacks.

✅ Key Highlights from the Report:

➤ The global hazelnut market is projected to reach US$ 13.4 billion by 2032, growing at a CAGR of 6.5% from 2025 to 2032.
➤ The market size is anticipated to reach US$ 8.8 billion by 2025.
➤ Confectionery remains the largest application segment, driven by high demand for chocolates and pralines.
➤ The health benefits of hazelnuts, including antioxidants and healthy fats, are fueling their market growth.
➤ Europe is the leading geographical region, with high consumption in countries such as Turkey and Italy.
➤ The growth of plant-based and vegan products is driving new opportunities for hazelnut-based products, such as dairy-free milk and spreads.

✅ Market Segmentation

The hazelnut market can be segmented based on product type, application, and distribution channel.

In terms of product type, hazelnuts are available in several forms, including whole, roasted, shelled, shelled and roasted, and hazelnut paste. The roasted hazelnuts segment is particularly prominent, as roasting enhances the flavor and texture, making them ideal for use in confectionery and snacks. Hazelnut paste, a byproduct of roasting, is also a popular choice for the production of nut butters, spreads, and even as a flavoring in various bakery products.

From an application perspective, hazelnuts are predominantly used in confectionery and bakery products, but their use is expanding in other sectors such as snacks, dairy alternatives, and beverages. Hazelnut-based beverages, including dairy-free milk and flavored lattes, are gaining popularity, particularly among health-conscious consumers and those following vegan or lactose-intolerant diets.

✅ Regional Insights

Europe remains the dominant market for hazelnuts, accounting for a large share of both production and consumption. Countries such as Turkey (the largest producer of hazelnuts) and Italy have a long-standing tradition of using hazelnuts in a variety of desserts and snacks. The European Union also has a well-established supply chain for hazelnut processing, which further supports the market's growth in this region.

In North America, the demand for hazelnut-based products is growing due to the rising awareness of the health benefits of hazelnuts. In particular, the U.S. is witnessing an increase in the consumption of hazelnuts in premium chocolates, snack foods, and as a healthy alternative in vegan products. The plant-based food movement in North America has also led to a surge in demand for hazelnut milk and other dairy-free options.

✅ Market Drivers

The global hazelnut market is driven by several key factors:

Health Benefits of Hazelnuts: Hazelnuts are packed with essential nutrients such as healthy fats, protein, fiber, vitamins, and antioxidants. These health benefits have made hazelnuts a popular choice among health-conscious consumers. As people move towards healthier eating habits, hazelnuts are increasingly being used as ingredients in snacks, breakfast foods, and baked goods.

Rising Demand for Premium Confectionery: The growing consumption of premium chocolates and confectionery products is a major driver for the market. Hazelnuts, often paired with chocolates in products like Nutella and other pralines, are a key ingredient in high-end confectionery, especially in Europe and North America.

Growth of Plant-Based and Vegan Products: The rise of plant-based diets and the increasing popularity of vegan products are creating new opportunities for hazelnut-based products, particularly dairy-free hazelnut milk and spreads. As more consumers seek alternatives to traditional dairy, hazelnut milk has emerged as a popular choice due to its creaminess and nutty flavor.

✅ Market Restraints

While the hazelnut market is poised for growth, there are a few challenges that could potentially restrain its expansion:

Weather Conditions and Crop Yield: Hazelnut production is highly dependent on favorable weather conditions. Climate change and adverse weather patterns, such as droughts or floods, can significantly impact the yield of hazelnut crops, especially in major producing countries like Turkey and Italy. This could result in price volatility and supply chain disruptions.

High Production Costs: The cost of cultivating hazelnuts, including labor and land, can be relatively high. In addition, the processing of hazelnuts (roasting, shelling, etc.) requires significant energy and resources, which may raise the overall production costs. These factors can limit the affordability of hazelnut-based products for some consumer segments.

Competition from Other Nuts: Hazelnuts face competition from other tree nuts, such as almonds, cashews, and pistachios, which are also used in similar applications. The price fluctuations and growing availability of these alternatives could affect the market share of hazelnuts, especially in regions where these other nuts are more popular.

✅ Market Opportunities

Despite these challenges, the hazelnut market presents several exciting opportunities for growth:

Innovation in Product Offerings: There is a growing demand for new and innovative hazelnut-based products, especially in the snack and beverage industries. The rise of hazelnut-flavored beverages (like coffee, milk, and smoothies) presents a significant opportunity for market players to cater to evolving consumer preferences.

Expanding Vegan and Lactose-Free Markets: The shift toward vegan and lactose-free diets is opening up new avenues for hazelnut-based products, such as hazelnut butter, hazelnut milk, and vegan desserts. The growing acceptance of plant-based diets is expected to drive demand for hazelnuts as a core ingredient in various food categories.

Sustainability and Clean Label Products: As consumers become increasingly concerned about sustainability, there is an opportunity for hazelnut producers to capitalize on the growing trend of clean-label and sustainably sourced products. Transparency in sourcing and production processes can enhance brand loyalty and attract health-conscious consumers.

✅ Reasons to Buy the Report:

➤ Gain detailed insights into the global hazelnut market size and future growth projections.
➤ Understand key drivers, challenges, and opportunities shaping the market's future.
➤ Explore the leading segments and their growth potential in various regions.
➤ Discover the competitive landscape and key players shaping the hazelnut market.
➤ Obtain a comprehensive market forecast for the period from 2025 to 2032.

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✅ Key Players

✦ Olam Group
✦ Borges International Group
✦ Ferrero International S.A.
✦ Aust & Hachmann
✦ Marvelous Foods

■ Olam Group expanded its hazelnut processing facilities in Turkey to enhance its global supply chain.
■ Borges International Group launched new hazelnut-based dairy alternatives as part of its commitment to plant-based product offerings.

The hazelnut market continues to expand, driven by growing demand across a variety of industries and applications. With increasing consumer interest in healthy and plant-based options, the hazelnut industry is poised for strong growth through the end of this decade.

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