The global hazelnut market estimated to register a robust CAGR during the forecast period, between 2021 and 2028. Hazelnuts grow in temperate zones and are sweet tree nuts. About 60% of the total production of these fruits comes from the country of Turkey. The hazelnut is a high-protein food that is rich in nutrition and a natural source of fat.
Nuts have high amount of proanthocyanidin and are high in dietary fiber that lowers cholesterol. Products made with hazelnuts include spreads, chocolate bars, and coffee. Hazelnuts are also used to make hazelnut oil, which is used for personal grooming and as a medicine.
Market Trends, Drivers, Restraints, and Opportunities
- Growing demand for hazelnut-based foods and beverages is driving the market growth.
- Increasing utilization of hazelnuts in the treatment of diverse health issues including celiac disease is projected to stimulate promising sales opportunities in the global hazelnut market.
- Allergic reactions due to hazelnuts are the main restraining factor for the growth of the global market.
- Unexploited market potential of hazelnut oil as infant nutrition product can create lucrative opportunities for the market.
Scope of Hazelnut Market Report
The report on global hazelnut market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Global Hazelnut Market - Industry Analysis, Size, Share, Growth, Trends And Forecast
2018 & 2019
Forms (Raw and Processed and Oil), Applications (Food & Beverage [Confectionary, Bakery, Frozen Desserts, Coffee, Liquors, and Others], Pharmaceutical, and Cosmetics & Personal Care), Distribution Channels (Business to Business and Business to Consumer [Supermarkets, Specialty Stores and Online Retail]),
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
Key Players Covered in the Report
Kanegrade Limited, Barry Callebaut AG, Karimex, Arslantürk, Durak Findik, Oregon Hazelnuts, Gursoy Tarimsal Urunler Gida Sanayii Ve Ticaret A.S., Geonuts Limited, PoyrazPoyraz, F?nd?kEntegre San. Tic. A.?., URAK FINDIK Ferrero, ADM, Olam International, BALSU, GPR, Northwest Hazelnut Company, Nuts L, Boxon food, Karin Gida, Fruits of Turkey, BATA FOOD, Ayd?n Kuruyemi?SanayiiveTicaret A.?., Özgün G?da SanayiveTicaret Limited ?irketi, AZERSTAR LLC.
Hazelnut Market Segment Insights
Raw segment is projected to hold significant market share
In the terms of forms, the global hazelnut market can be divided into raw, processed, and oil. The raw segment is projected to hold a significant market share. Raw hazelnuts are available as a whole, diced, sliced, ground kernels, paste, or oil. Raw nuts are of the high-quality and attract high prices. The snack food business is the most important market for hazelnuts. Domestic and imported hazelnuts are used in bread, morning cereal, and confectionery industries in the US.
Food & Beverage segment is anticipated to account for a substantial share
Based on applications, the global hazelnut market can be segmented into food & beverage, pharmaceutical, and cosmetics & personal care. The food & beverage can be further sub-segmented into confectionary, bakery, frozen desserts, coffee, liquors, and others. The food & beverage segment is anticipated to account for a substantial share. Hazelnuts are commonly used in chocolate truffles or ground into flour for cakes, biscuits, and bread. Chocolate-hazelnut spreads are preferred over peanut butter.
Business to consumer segment is growing at a significant pace in near future
On the basis of distribution channels, the global hazelnut market can be bifurcated into business to business and business to consumer. The business to consumer can be further sub-segmented into supermarkets, specialty stores and online retail. The business to consumer segment is growing at a significant pace in near future. Hazelnuts are available in most major supermarkets made by a growing number of food manufacturers, which in turn, supports the growth of business to consumer segment.
North America is expected to dominate the market
In terms of regions, the global hazelnut market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market due to the rise in demand in developed countries such as the US and Canada, Hazelnuts are produced in Oregon in the US for about 25-30000 tons, and a little under 4,000 tons are imported. The market in Europe is estimated to grow at a rapid pace in the near future. Italy-based hazelnuts are easily to infiltrate established markets in Europe. Approximately 95% of hazelnut imports into the US come from Turkey, primarily in shelled form.
- Food & Beverage
- Frozen Desserts
- Cosmetics & Personal Care
By Distribution Channels
- Business to Business
- Business to Consumer
- Specialty Stores
- Online Retail
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
By Key Players
- Kanegrade Limited
- Barry Callebaut AG
- Durak Findik
- Oregon Hazelnuts
- Gursoy Tarimsal Urunler Gida Sanayii Ve Ticaret A.S.
- Geonuts Limited
- FındıkEntegre San. Tic. A.Ş.
- URAK FINDIK Ferrero
- Olam International
- Northwest Hazelnut Company
- Nuts L
- Boxon food
- Karin Gida
- Fruits of Turkey
- BATA FOOD
- Aydın KuruyemişSanayiiveTicaret A.Ş.
- Özgün Gıda SanayiveTicaret Limited Şirketi
- AZERSTAR LLC
Key players in the global hazelnut market are Kanegrade Limited, Barry Callebaut AG, Karimex, Arslantürk, Durak Findik, Oregon Hazelnuts, Gursoy Tarimsal Urunler Gida Sanayii Ve Ticaret A.S., Geonuts Limited, PoyrazPoyraz, FındıkEntegre San. Tic. A.Ş., URAK FINDIK Ferrero, ADM, Olam International, BALSU, GPR, Northwest Hazelnut Company, Nuts L, Boxon food, Karin Gida, Fruits of Turkey, BATA FOOD, Aydın KuruyemişSanayiiveTicaret A.Ş., Özgün Gıda SanayiveTicaret Limited Şirketi, AZERSTAR LLC and Others. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.