Hazelnut Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20222028
The Hazelnut Market was estimated at USD 6.72 Billion in 2021, and is projected to reach USD 8.49 Billion by 2028, growing at a CAGR of 3.4% over the analysis period.
Hazelnuts are the nuts obtained from the hazel tree and can be found whole, raw, ground, sliced, or roasted. Hazelnuts are used primarily as a snack or added to baked goods. According to the International Nut and Dried Fruit Council, Hazelnut production has shown a rise in growth of 21% in 2021 and is estimated to increase between 1% to 5% in the upcoming years. Hazelnuts add taste and flavor to the chocolate truffles and are ground into flour for biscuits, and cakes. Furthermore, when compared to peanut butter, Chocolatehazelnut spreads are majorly used, and numerous versions of this spread are available in supermarkets. Hazelnuts are also used as an ingredient in confectionery such as chocolate, breakfast cereals, nougat cookies, chopped nuts, pralines, nut spreads, and processed formulations. Hazelnut oil is used extensively for aromatherapy and massage purposes, as well as in various hair care products. Owing to the presence of essential skincare elements, hazelnut is also used widely in the preparation of soaps, facial oils, lotions, creams, and many more, which further drives the growth of the hazelnut market.
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The research study includes an examination of many aspects that contribute to the market's expansion. Market trends, restrictions, and drivers that have a favorable or negative influence on the market are included. This section also discusses the many businesses and applications that may have an impact on the market in the future. The information is based on both recent and historical patterns. The cost structure, market size, Hazelnut Sales, Gross Margin and Market Share, Price, Revenue, Size, Forecast, and Growth Rate are all calculated in the report.
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Key Industry Players in Hazelnut Market:
• Balsu Gida (Turkey)
• Chelmer Foods (North Essex)
• Kane grade (U.K)
• Olam International (Singapore)
• Oregon Hazelnuts (U.S.)
• Aydin Kuruyemis (Istanbul)
• GEONUTS (Georgia)
• Poyraz Tarimsal (Istanbul)
• Barry Callebaut AG (Switzerland)
• Arslantürk (Turkey)
• Karimex (Brazil)
• Gursoy Tarimsal Urunler Gida (Turkey)
• Fruits of Turkey (Turkey)
• BATA Food (Turkey)
• Durak Findik (Turkey), and other major players.
The Global Hazelnut market Report provides In-depth analysis on the market status of the Hazelnut Top manufacturers with best facts and figures, meaning, Definition, SWOT analysis, PESTAL analysis, expert opinions and the latest developments across the globe., the Hazelnut Market Report contains Full TOC, Tables and Figures, and Chart with Key Analysis, Pre and Post COVID-19 Market Outbreak Impact Analysis and Situation by Regions.
Segmentation Analysis Includes,
By Type:
• Processed Hazelnuts
• Unprocessed Hazelnuts
By Application:
• Hazelnut-based Foods & Beverages
• Hazelnut Oil
• Pharmaceutical
• Cosmetics
By Distribution Channel:
• Online
• Offline
By Region:
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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key questions answered in this report:
• Who are the global key manufacturers of the Hazelnut Industry?
• What are the Hazelnut market opportunities and threats faced by the vendors in the global Hazelnut Industry?
• What focused approach and constraints are holding the Hazelnut market?
• What are the upstream raw materials and manufacturing equipment of Hazelnut along with the manufacturing process of Hazelnut?
• What is the Hazelnut market size at the regional and country-level?
The readers in the section will understand how the Hazelnut market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
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This report aims to provide a comprehensive presentation of the global market for Hazelnut, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hazelnut.
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