The Europe hazelnut market is remarkably versatile, serving various industries with applications ranging from food and beverages to oil and cosmetics. Available in diverse forms, hazelnuts are utilized in powdered or minced formats, meeting the demands of different sectors. Their incorporation as a flavor enhancer in confectioneries, bakery items, and meals, as well as their skincare properties for cosmetics, contributes to the market's steady growth. Emphasizing natural ingredients and nutritional benefits, hazelnuts enjoy widespread adoption and adaptability in numerous products.
Data Bridge Market Research analyses that the Europe Hazelnut Market will grow at a CAGR of 9.1% from 2022 to 2029.
"Rising health awareness among the general population drives the market growth"
The rising health awareness among the general population propels the hazelnut market. With consumers prioritizing well-being, there is an increased demand for nutritious and wholesome food options. Hazelnuts, abundant in essential nutrients such as vitamins, minerals, and healthy fats, align with this health-conscious trend. Growing awareness of hazelnuts' benefits, such as promoting heart health, antioxidant properties, and supporting brain function, has increased demand. This health-oriented shift in consumer preferences is driving the hazelnut market's growth as individuals incorporate these nutritious nuts for a healthier lifestyle.
What restraints the growth of the Europe hazelnut market?
"Fluctuations in raw material prices hamper the market growth"
Fluctuations in raw material prices present a substantial impediment in the Europe hazelnut market. Hazelnut production is sensitive to weather conditions and crop yields, resulting in inconsistent supply levels. This unpredictability leads to volatile hazelnut prices, affecting production costs and profitability for growers and manufacturers. The uncertainty in raw material costs creates challenges in pricing strategies, supply chain management, and overall market stability. The hazelnut market's vulnerability to such price variations hinders sustained growth and expansion, introducing a significant element of risk and instability.
Segmentation: Europe Hazelnut Market
The Europe hazelnut market is segmented on the basis of form, category, shape, origin, packaging, and application and distribution channel.
- On the basis of form, the Europe hazelnut market is segmented into whole/in-shell hazelnut, natural hazelnut, diced hazelnut, paste hazelnut, blanched hazelnut, roasted hazelnut, sliced hazelnut, hazelnut oil, hazelnut meal, and others
- On the basis of category, the Europe hazelnut market is segmented into conventional and organic
- On the basis of shape, the Europe hazelnut market is segmented into round kernels, almond kernels, pointed kernels, and others
- On the basis of origin, the Europe hazelnut market is segmented into akcakoca, levant, giresun, and others
- On the basis of packaging, the Europe hazelnut market is segmented into vacuum and cartons box, bags, pouches, plastic or metal drums, and others.
- On the basis of application, the Europe hazelnut market is segmented into industrial, food service industry, and household/retail
- On the basis of distribution channel, the Europe hazelnut market is segmented into direct and indirect
Recent Developments: Europe Hazelnut Market
- In February 2022, ADM completed the acquisition of Comhan, a prominent South African flavor distributor, aiming to strengthen flavor creation assets globally. This strategic move facilitates extended production and supply chains, enhancing the availability of unique and consumer-preferred flavors for local customers and improving ADM's product portfolio
- In July 2020, DURAK FINDIK installed five new Laser Sorters, bringing the total to 28, the highest in Turkey's hazelnut sector. This development bolstered the company's credibility in the market
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The Prominent Key Players Operating In The Europe Hazelnut Market Include:
- Arslantürk Tarim Ürünleri (Turkey)
- Poyraz Poyraz (Turkey)
- Findik Entegre San. Tic. A.S. (Turkey)
- URAK FINDIK Ferrero (Turkey)
- ADM (Archer Daniels Midland) (U.S.)
- Olam International (Singapore)
- BALSU (Turkey)
- Kanegrade Ltd. (U.K.)
- GPR (Turkey)
- Nuts L (Turkey)
- Gürsoy Tarimsal Ürünler Gida San. (Turkey)
- Boxon food (Turkey)
- Karin Gida (Turkey)
- Fruits of Turkey (Turkey)
- BATA FOOD (Turkey)
- Aydin Kuruyemis Sanayii ve Ticaret A.S. (Turkey)
- Özgün Gida Sanayi ve Ticaret Limited sirketi (Turkey)
- "AZERSTAR" LLC (Azerbaijan)
Above are the key players covered in the report, to know about more and exhaustive list of Europe hazelnut market companies, contact: https://www.databridgemarketresearch.com/contact
Research Methodology: Europe Hazelnut Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
