Hazelnut Market:

Hazelnut Market size was valued at US$ 10.06 Bn. in 2023 and the total Hazelnut revenue is expected to grow at 8.7 % through 2024 to 2029, reaching nearly US$ 18.04 Bn

Hazelnut Market Overview:

Hazelnut is a type of nut which contains oil, protein, and fiber. It is a source of omega-3 fatty acids that have several heart-healthy benefits and it will reduce the risk of cardiovascular disease. Rising awareness about various health benefits offered by hazelnut and wide usage of hazelnut in food&beverage, cosmetic & personal care, pharmaceutical, and dietary supplements industries are expected to grow the Hazelnut market over the forecast period. Furthermore, Hazelnuts are consumed all over the world for making dairy, bakery, candy, and chocolate products. Approx 80% of the world's hazelnut production is used in the chocolate sector, 15% in making cake, biscuits & sweets, and 5% in marketing as appetizers.

The study covers the latest revenue and Hazelnut market trends. It focuses on the factors that influence the Hazelnut market positively and negatively. It includes an overview of the Hazelnut industry, its definition, and structure, as well as preventive and planned management.

The report presents a market overview through common subjects that are highlighted with unique data based on the need. This helps in making decisions about how to approach the Hazelnut market and understanding the industry landscape. It also aids in determining the future potential of the Hazelnut market in the forecast years.

Hazelnut Market Report Scope and Research Methodology:

The report provides an in-depth analysis of the Hazelnut market size, share, and recent developments. The market was segmented into major segments and sub-segments to understand the Hazelnut industry in detail. The report also provides an in-depth analysis of the growth drivers, prevailing opportunities, major restraints, and upcoming challenges for the Hazelnut market.

SWOT analysis was used to identify the strengths, weaknesses, opportunities, and threats of the key Hazelnut market players in the Hazelnut industry. The report also includes information on acquisitions, global presence, mergers, joint ventures, and the financial position of the key Hazelnut market players. This helps to understand the competitive landscape of the Hazelnut market. The bottom-up approach was used to estimate the regional and global Hazelnut market size.

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Hazelnut Market Dynamics: 

Due to the increased usage of chocolate in the confectionary industry, hazelnut sales are predicted to increase. 90% of the hazelnuts that are consumed are used as a supplementary ingredient in chocolate, biscuits, and pastries. Hazelnut flavoring is emerging as a taste innovation in the worldwide confectionery business, and chocolate producers are establishing trademark brands with hazelnut-infused product lines. Similar to peanut butter, chocolate hazelnut spreads are growing in popularity. This spread, which is currently offered in most supermarkets, is being produced by an increasing number of food businesses. Products with chocolate and hazelnuts are becoming more and more popular. In 2020, students frequently eat Nutella, a popular hazelnut spread, after school, especially in Europe. Slices of bread can be covered with this spread.

 Hazelnut Market Regional Insights:

Geographically, the report is segmented into several key countries, with market size, growth rate, and import and export of Hazelnut market in these countries. North America, Europe, Asia Pacific, South America and the Middle East and Africa are the regions covered in the report.

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Hazelnut Market Segmentation:

In 2023, the Hazelnut flour category had a sizable market share. Roasted hazelnuts are used to make hazelnut flour. Many businesses sell hazelnut flour that is high in protein and flavor and contains fine hazelnut powder. Smoothies, cereals, and gluten-free pastries all benefit from its rich nut flavor and delicate texture.

Due to the rising usage of hazelnut oil in cooking and salad dressings, the hazelnut oil category is anticipated to grow at the highest CAGR over the forecast period. It's also extensively used in products for skin care, hair care, and massage or aromatherapy oils.

 Hazelnut Market Key Players:

1. Olam International
2. Arslanturk S.A.
3. Karimex Nuts
4. Holmquist Hazelnut Orchards, LLC
5. DurakFindik
6.DeveHerbes
7. Azerstar LLC
8. American Hazelnut Company
9. Hazelz New Zealand
10. Northwest Hazelnut Company
11. Hazelnut Company Divison, Ferrero
12. ADM
13. Karin Gıda
14. BALSU
15. Poyraz Poyraz
16. Fındık Entegre San. Tic. A.Ş.
17. URAK FINDIK Ferrero
18. Kanegrade Ltd.
19. GPR
20. Nuts L
21. Gürsoy Tarımsal Ürünler Gıda San
22. Boxon food
23. Fruits of Turkey
24. BATA FOOD
25. Aydın Kuruyemiş Sanayii ve Ticaret A.Ş.
26. Özgün Gıda Sanayi ve Ticaret Limited şirketi

Key Questions answered in the Hazelnut Market Report are:

• Which are the key factors driving the Hazelnut market growth?
• Which region held the largest Hazelnut market share in 2022?
• Which trends are expected to generate additional revenue for the Hazelnut industry?
• What is the expected CAGR of the Hazelnut market during the forecast period?
• Who are the key players in the Hazelnut market?

Key Offerings:

• A Detailed Analysis of the Market Overview
• Market Share and Size
• Forecast by Revenue | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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