Global Hazelnut Market – Industry Trends and Forecast to 2029

Hazelnut Market Analysis and Size

Hazelnuts are widely used in a variety of industries, including food, beverage, oil, and cosmetics. It is available in powdered, whitened, sliced, pureed, and minced forms. It is used as flavouring in a variety of confectioneries, bakery products, frozen desserts, salads, and meals. Due to the presence of essential skin care ingredients, it is also used to produce various cosmetics such as lotions, massage oils, creams, facial oil, and soaps.

Data Bridge Market Research analyses that the hazelnut market was valued at a USD 14944.61 million in 2021 is expected to reach the value of USD 29343.76 million by 2029, at a CAGR of 8.8% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Market Definition

Hazelnut, also known as filbert nut or cobnut, is a species of Corylusavellana. Hazelnuts have a high nutritional value and are high in vitamins B, E, and K. In addition to these vitamins, hazelnut contains minerals, good fats, and proteins, making it a suitable ingredient in vegetarian products. It has low sodium content and a low cholesterol level. It has a variety of health benefits, including lowering LDL (bad) cholesterol and increasing HDL (good) cholesterol, as well as being a natural treatment for celiac disease.

Hazelnut Market scope and Segmentation

Hazelnut Market Dynamics

Drivers

• Rising demand from the various end user industries

Increasing consumer demand for hazelnut products due to their pleasant flavour, rising demand for various hazelnut essence products, rising preferences for organic products, increased use of hazelnut extracts in various applications such as pharmaceuticals and food and beverage, and utilisation of hazelnut beans in medical applications are some of the determinants favouring the growth of the hazelnut market during the forecast period.

• Rising health awareness among the general population

Due to its ability to enrich essence and appreciation in a variety of food commodities, the emerging liquor and food manufacturing industry will play an important role. Furthermore, it combines low calorie value and presence of variety of anti-oxidants which will rise its demand for the health conscious population

Opportunity

The emergence of new food and beverage-related markets, an increase in demand for organic malt ingredients and extracts, and the growing popularity of natural flavours all contribute to the expansion of profitable opportunities.

Restraints

Nonetheless, imposed ordinances to bypass worker safety concerns and the use of unnatural products above a certain limit will restrain market growth. Furthermore, fluctuations in raw material prices insufficient supplies and less farming practices will further impede market growth.

This hazelnut market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hazelnut market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Hazelnut Market

The global market has seen a rapid surge in the ongoing trend for products developed with natural ingredients, as the COVID-19. This has created a significant growth opportunity for the natural hazelnut segment globally, primarily for use in functional foods and beverages. Furthermore, Hazelnut production is labour-intensive, particularly during harvest and post-harvest periods. As a result, they rely on seasonal workers, many of whom are migrants. COVID-19 had an effect on these employees. They may face serious health risks, for example, if their temporary living conditions do not meet strict sanitary standards and there is social distancing. ?

Recent Development

• Fabulous, an Italian food brand, will launch a line of organic hazelnut and cocoa spreads made with a blend of hazelnuts, cocoa, and chickpeas in July 2021. The original Hazelnut Cocoa flavour will be followed by the introduction of Savoury Orange Hazelnut and Crunchy Hazelnut.
• Rigoni di Asiago, an Italian company, will launch a new hazelnut spread, Nocciolata Crunchy, in April 2021. It is an organic hazelnut spread made with toasted hazelnut grains that contains 22% hazelnuts.
• Ferrero entered into a partnership with Sourcemap in January 2021 to trace its hazelnut value chain. Ferrero will be able to collect key data on social and agricultural practises using Sourcemap's platform, validate the value chain using data science, and ensure performance improvement.

Global Hazelnut Market Scope

The hazelnut market is segmented on the basis of form, category, shape, origin, packaging, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Category

• Organic
• Conventional

Shape

• Round Kernels
• Almond Kernels
• Pointed Kernels
• Others

Form

• Whole/In-Shell Hazelnut
• Natural Hazelnut
• Diced Hazelnut
• Paste Hazelnut
• Blanched Hazelnut
• Roasted Hazelnut
• Sliced Hazelnut
• Hazelnut Oil
• Hazelnut Meal
• Others

Origin

• Akcakoca
• Levant
• Giresun
• Others

Packaging

• Vacuum & Cartons Box
• Bags
• Pouches
• Plastic Or Metal Drums
• Others

Distribution channel

• Direct
• Indirect

Application

• Industrial
• Food Service Industry
• Household/Retail

Hazelnut Market Regional Analysis/Insights

The hazelnut market is analysed and market size insights and trends are provided by country, form, category, shape, origin, packaging, application and distribution channel as referenced above.

The countries covered in the hazelnut market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Poland, Sweden, Denmark, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Hong Kong, Philippines, New Zealand, Taiwan, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is the most appealing market for hazelnut market, with tremendous growth potential in the coming years. One of the key driving factors for the growth of the Asia-Pacific hazelnut market is the expansion of the food and beverage industry. Rising demand from emerging markets such as China, India, and Indonesia, will drive the hazelnut market over the forecast period. Asia-Pacific is expected to remain the most important region in terms of volume. Aside from that, North America has proven to be a lucrative market for the hazelnut market due to rising consumer health consciousness and preference for natural products.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Hazelnut Market Share Analysis

The hazelnut market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hazelnut market.

Some of the major players operating in the hazelnut market are:

• Amadeus Trading Co. (U.S.)
• Apex Flavors Inc. (U.S.)
• Boston Hazelnut Bean Company (U.S.)
• Charles H. Baldwin and Sons (U.S.)
• Daintree Hazelnut and Spice (Australia)
• E.A. Weber and Co. (U.S.)
• Eurovanille (France)
• Lochhead Manufacturing Company (U.S.)
• MacTaggarts Brand (U.S.)
• McCormick and Company Inc (U.S.)
• Mikoya Kasho Co. Ltd. (Japan)
• Nielsen Massey Hazelnuts Inc. (U.S.)
• Rodelle Inc. (U.S.)
• SAMBIRANO AROMATIC (Switzerland)

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