Hazelnut Industry Outlook 2025-2029: Market Set to Cross $23.06 Billion Milestone

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How Large Will the Hazelnut Market Size By 2025?
The size of the hazelnut market has seen significant growth in recent years. It is projected to expand from $15.11 billion in 2024 to $16.48 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.1%. Factors like increased health consciousness, expansion in the snack food industry, broader hazelnut cultivation, escalating hazelnut demand, and a shift in consumer preference towards plant-based diets have all contributed to the historical growth.

How Big Is the Hazelnut Market Size Expected to Grow by 2029?
In the coming years, the hazelnut market is anticipated to experience substantial growth, escalating to a valuation of $23.07 billion by the year 2029 at a compound annual growth rate (CAGR) of 8.8%. The expansion throughout the forecast period can be accredited to factors such as heightened consciousness towards sustainable and organic farming methods, proliferation of e-commerce, adaptation to climate change, an increase in online grocery shopping, and a rise in the utilization of hazelnuts. The primary trends predicted for this period encompass developments in plant-based products, progress in hazelnut processing techniques, advancements in sustainable and organic farming operations, and innovations in beverages derived from hazelnuts.

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Which Key Market Drivers Powering Hazelnut Market Expansion and Growth?
The increasing trend of plant-based diets is anticipated to boost the expansion of the hazelnut market. Emphasizing mostly on plant-derived foods, like fruits, vegetables, grains, legumes, nuts, and seeds, plant-based diets have seen a surge in popularity due to reasons such as enhanced awareness of health benefits, stress over climate change, concerns about animal welfare, and a wide variety of plant-based products available. Hazelnuts, being rich in antioxidants, beneficial fats, and essential nutrients, could potentially reduce oxidative stress and inflammation, thus aiding brain health in Parkinson's disease patients. As an illustration, in April 2023, the Plant Based Foods Association (PBFA), based in the US, reported a sales increase of 6.6% in 2022 for plant-based foods, a rise from 5.9% in 2021. Moreover, 70% of U.S. residents were eating plant-based foods, a jump from 66% the year before. Hence, the escalating trend of plant-based diets is fueling the hazelnut market's growth.

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Which Fast-Growing Trends Are Poised to Disrupt the Hazelnut Market?
Leading businesses in the hazelnut market are concentrating on the creation of novel products, like inventive snacks and spreads, with the aim of enriching taste profiles, augmenting nutritional benefits, and meeting the changing demands for healthier and more eco-friendly choices. The convenience of these snacks and spreads, created for swift consumption, consists of petite treats as snacks and flavorful additions to other food items. Take for instance, in October 2023, Otto's Nuts, an American gourmet snack business, launched a series of Turkish coffee and cocoa flavoured hazelnut snacks and inventive spreads. The product line is composed of various flavors that blend the scrumptious taste of hazelnuts and beloved beverages, targeting customers in pursuit of exceptional taste experiences. The objective of these products is to provide an ideal mix of sweetness and crunch while promoting the nutritional merits of hazelnuts, including healthy fats, fibre, and protein.

What Are the Emerging Segments in the Hazelnut Market?
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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Who Are the Global Leaders in the Hazelnut Market?
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.

Which are the Top Profitable Regional Markets for the Hazelnut Industry?
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.

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