Ferrero, BALSU and ADM are Dominating in the Europe Hazelnut Market in 2019

Europe Hazelnut Market is expected to grow with the CAGR of 8.6% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Europe hazelnut market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Europe hazelnut market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in October 2019, Olam International acquired Hughson Nut which is a leading manufacturer of almond processor. After this acquisition, the company expanded their almond ingredients capacity.

Ferrero is the dominating player in Europe hazelnut market. The other key players existing in the hazelnut market includes ADM, Arslantürk Tarim Ürünleri, Olam International, Aydin Kuruyemiş Sanayii ve Ticaret A.Ş., "AZERSTAR" LLC, BATA FOOD, Boxon Food, DURAK FINDIK, Kanegrade Ltd., Fruits of Turkey, Karin Gida, Nuts L, Özgün Gida Sanayi ve Ticaret Limited şirketi, Poyraz Poyraz Findik Entegre San. Tic. A.Ş., GPR, Gürsoy Tarimsal Ürünler Gida San and BALSU among others.

Ferrero:

Ferrero is headquartered in Turkey and was established in 1946. The company is engaged in outgrowing development for hazelnut industry on a worldwide scale. The company provides various brand categories such as Ferrero hazelnut company, Ferrero food service and Ferrero travel market out of which Ferrero hazelnut company is the market focused category.

For instance,

  • In July 2014, Ferrero acquired Oltan Group which is leading operator in the processing, marketing and procurement of hazelnuts. This acquisition has helped the company’s social responsibility engagement on sustainable agricultural practices. After this acquisition, the company has enhanced its credibility in the market.

The company has presence in North America, South America, Europe, Asia-Pacific and Middle East and Africa.

ADM:

ADM is headquartered in Illinois, U.S. and was founded in 1902. The company is engaged in commercializing of human and animal nutrition across the world. The company has multiple business segments such as Ag services and oilseeds, carbohydrate solutions, nutrition and other among which nutrition is the market focused segment. The company offers product categories which are food & beverage solutions, animal nutrition, industrials, fuel, farmer services, financial services and logistics out of which food & beverage solutions is the market focused category.

For instance,

  • In February 2015, ADM announced that they have acquired California processing facility of tree nut and seed processing assets from California Gold Almonds. This acquisition has helped the company in growing its business in the U.S. region.

The company has wide presence across North America, South America, Europe, Middle East and Africa and Asia-Pacific and generates revenue from subsidiaries such as ADM (Shanghai) Management Co. LTD (China), ADM (Thailand) Ltd (Thailand), ADM Agriculture Limited (U.K.), ADM Agri-Industries Company (Canada) and ADM Agro Iberica S. L. U. (Spain) among others.

BALSU:

Ferrero is headquartered in Sakarya, Turkey and was established in 1978. The company is engaged in providing premium, natural and processed hazelnuts across the world. The company provides various products under categories such as natural hazelnut kernel, roasted hazelnut kernel, diced hazelnut, hazelnut paste, hazelnut meal and blanched hazelnut kernel.

The company has presence in North America, Europe and Asia-Pacific.