Hazelnut Industry Likely to Generate US$ 13.4 Bn in Value by 2032 - Persistence Market Research

The global hazelnut market has been on a steady trajectory, anticipated to grow from US$ 8.8 Bn in 2025 to US$ 13.4 Bn by 2032, expanding at a CAGR of 6.5%. This growth is attributed to increasing consumer demand for plant-based, nutritious, and clean-label food and cosmetic products. Rising interest in vegan and dairy-free alternatives, especially in North America and Europe, has significantly influenced hazelnut consumption. Europe dominates the global landscape, expected to account for nearly 60% of the global consumption share, thanks to high demand from the confectionery and gourmet dessert industries.

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Key Highlights from the Report:

➤ Europe accounts for around 60% of global hazelnut consumption, driven by demand in premium confectionery.
➤ The processed hazelnuts segment is expected to hold a 48% market share in 2025.
➤ The food and beverage sector will contribute approximately 52.5% to the market share by 2025.
➤ Business-to-business sales will dominate with an estimated 78% share in 2025.
➤ Vegan and dairy-free hazelnut products are surging in popularity, especially in North America.
➤ Direct-to-consumer brands reported a 20% growth in online hazelnut-based product sales.

Market Segmentation

The hazelnut market is segmented by form, application, and distribution channel. By form, processed hazelnuts are anticipated to dominate due to their convenience, longer shelf life, and increased use in ready-to-eat products. In terms of applications, food and beverage dominate the market, notably confectionery, bakery items, frozen desserts, and coffee-based products. Hazelnut oil is gaining ground in the cosmetics and personal care sector. Distribution channels are divided into business-to-business (B2B) and business-to-consumer (B2C), with B2B leading due to bulk buying by major manufacturers.

Regional Insights

Europe remains the largest regional consumer of hazelnuts, driven by premium chocolate and bakery industries. North America, projected to register a CAGR of 8.7% by 2032, is witnessing heightened demand due to rising health consciousness and preference for dairy-free alternatives like hazelnut milk. Meanwhile, emerging economies in Asia such as India and China are beginning to adopt western-style snacks and confections, contributing to the market's expansion. Sustainable and fair-trade sourcing trends further enhance the market appeal across global regions.

Market Drivers

The growing application of hazelnut oil in the cosmetics and personal care industry is a significant driver. Its antioxidant and moisturizing properties make it highly suitable for skincare and anti-aging products. Moreover, the trend toward premium, clean-label food items is fueling innovation in hazelnut-based spreads, beverages, and snacks. The rise of veganism and flexitarian diets is pushing manufacturers to incorporate hazelnuts in plant-based milks, dairy-free chocolates, and protein bars. The perception of hazelnuts as a "superfood" due to their high nutritional value also adds momentum to their rising demand.

Market Restraints

A key challenge for the global hazelnut market is its limited geographic cultivation. Over 90% of the supply comes from five countries, primarily Türkiye and Italy. This heavy regional dependence makes the market vulnerable to climate-induced disruptions. For instance, droughts and frosts in Türkiye have historically led to significant price fluctuations and supply shortages. Expanding production to new regions is constrained by high investment needs, unsuitable climates, and lack of farming know-how.

Market Opportunities

With the accelerating shift toward plant-based diets, hazelnuts offer numerous opportunities in the dairy alternatives sector. Hazelnut milk is being marketed as a premium, nutritious substitute for traditional milk. Moreover, clean-label and health-focused snacking trends are creating space for protein-rich, low-sugar hazelnut snacks. Awareness regarding the environmental sustainability of nut-based products is also boosting their market position. As consumers become more informed about the health benefits and low carbon footprint of hazelnuts, new product innovations are expected to emerge.

Reasons to Buy the Report:

✔ In-depth analysis of hazelnut market size, trends, and forecasts from 2025 to 2032
✔ Insights into regional consumption trends and key contributing countries
✔ Detailed segmentation by form, application, and distribution channel
✔ Competitive intelligence including profiles of major companies and recent developments
✔ Access to strategic growth opportunities and market entry points

Company Insights

• Olam International
• Ferrero International S.A.
• Barry Callebaut AG
• Kanegrade Limited
• Arslantürk
• Karimex
• Oregon Hazelnuts
• Durak Findik
• Geonuts Limited
• Gursoy Tarimsal Urunler Gida Sanayii Ve Ticaret A.S.

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