Hazelnut Market Size, Share & Trends Analysis Report By Product (Whole Hazelnut, Hazelnut Paste), By Application (Food & Beverage, Pharmaceuticals), By Region, And Segment Forecasts, 2024 - 2030

November 2024 | 80 pages | ID: H477CE59C33EEN
Grand View Research, Inc.

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Hazelnut Market Size & Trends

The global hazelnut market size was estimated at USD 8.65 billion in 2023 and is projected tgrow at a CAGR of 8.9% from 2024 t2030. Hazelnuts are gaining popularity among consumers due ttheir impressive health benefits, which align with the growing trend toward healthier eating habits. Nutritional Value: Hazelnuts are nutrient-dense, providing a rich source of essential vitamins and minerals, including vitamin E, copper, manganese, and magnesium. A one-ounce serving contains about 176 calories, 17 grams of healthy fats (primarily monounsaturated), 4 grams of protein, and 3 grams of dietary fiber, making them a satisfying and nutritious snack.

One of hazelnuts' most significant health benefits is their positive impact on cardiovascular health. Their high content of monounsaturated fats and antioxidants helps lower bad cholesterol (LDL) levels while increasing good cholesterol (HDL) levels. Studies have shown that regular consumption can reduce total cholesterol and improve artery health, decreasing the risk of heart disease. Hazelnuts are alsrich in antioxidants, which protect the body from oxidative stress that can lead tchronic diseases such as cancer and heart disease. They contain high levels of proanthocyanidins, a type of antioxidant linked treduced cancer risk in preliminary studies. In addition, vitamin E present in hazelnuts plays a crucial role in cellular protection against damage.

Hazelnuts' fiber content aids digestion and promotes a feeling of fullness, which can benefit weight management. Their healthy fat profile allows for satisfying snacking without the guilt associated with less nutritious options. Regular consumption of hazelnuts may help regulate blood sugar levels and improve insulin sensitivity, making them a suitable choice for those managing diabetes or seeking tprevent its onset.

Another key driver of market growth is hazelnuts' versatility. They are utilized across various industries, including food and beverage, cosmetics, and pharmaceuticals. The demand for hazelnut products in confectionery, bakery goods, and natural flavorings has expanded significantly. For instance, the chocolate industry heavily relies on hazelnuts, which enhances its appeal in the food sector.

As awareness of health benefits associated with organic foods grows, consumers are increasingly willing tpay premium prices for organic hazelnuts, driven by concerns over diet quality and environmental impact. Studies indicate that consumers perceive organic hazelnuts as healthier and tastier, enhancing their appeal in the marketplace.

The rising interest in plant-based diets has fueled demand for organic hazelnuts, mainly as they are integral tvarious vegan and dairy-alternative products, such as hazelnut milk and spreads. This shift aligns with the increasing popularity of nut-based products among health-conscious consumers seeking nutritious snack options. In addition, the growth of the chocolate and confectionery industries has created a robust market for organic hazelnuts, as many producers are now focusing on sourcing high-quality, sustainably grown ingredients tmeet consumer preferences for clean-label products.

Moreover, market demand and policy initiatives promoting sustainable agriculture encourage conventional hazelnut farmers ttransition torganic farming practices. Factors such as farmer education and access tresources play a crucial role in this transition, which is anticipated tpositively affect environmental sustainability and consumer satisfaction. Overall, the interplay between consumer demand for organic products and the market is shaping a more sustainable agricultural landscape while meeting the evolving preferences of health-conscious consumers.

The market for hazelnuts faces several significant challenges threatening its stability and growth potential. Climate change is a major concern, as unpredictable weather patterns, including extreme temperatures and heavy rainfall, can adversely affect hazelnut yields and quality. These climatic shifts disrupt traditional growing seasons and increase the risk of crop diseases and pest infestations, such as Eastern Filbert Blight and the hazelnut weevil, which can severely impact production. Farmers must adapt tthese changes by implementing improved agricultural practices, but the financial and technical resources required for such adaptations may only be readily available tsome producers.

Economic instability in key producing regions, particularly Turkey, poses another challenge. As the leading global producer of hazelnuts, Turkey's financial troubles—including high inflation rates, currency devaluation, and limited access tfinancing—have created a precarious situation for farmers. Many Turkish producers struggle with excessive stock levels due tdecreased demand from European buyers whare increasingly turning talternative sources like Georgia and Azerbaijan. This shift threatens Turkey’s market share and leads tprice volatility that can destabilize the entire industry.

In addition, increased competition from other nut varieties and emerging hazelnut-producing countries further complicates the market landscape. As producers in countries like Georgia and Azerbaijan enhance their production capabilities and offer lower prices, traditional markets for Turkish hazelnuts are being eroded. This competitive pressure forces Turkish farmers tinnovate and improve their product quality while navigating complex international trade dynamics influenced by tariffs and trade agreements. The combination of these challenges necessitates strategic planning and investment in sustainable practices tensure the long-term viability of the market.

Global Hazelnut Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and analyzes the latest industry trends and opportunities in each of the sub-segments from 2018 t2030. For this study, Grand View Research has segmented the global hazelnut market report based on product, application, and region.
  • Product Outlook (Revenue, USD Million, 2018 - 2030)
  • Whole Hazelnut
  • Peppermint
  • Hazelnut Oil
  • Others
  • Application Outlook (Revenue, USD Million, 2018 - 2030)
  • Food & Beverage
  • Cosmetics & Personal Care
  • Pharmaceuticals
  • Others
  • Regional Outlook (Revenue, USD Million, 2018 - 2030)
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia & New Zealand
  • Russia
  • Central & South America
  • Brazil
  • Middle East & Africa
  • Turkey
  • Iran
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Product Outlook
2.3. Packaging Outlook
2.4. Competitive Landscape Outlook

CHAPTER 3. HAZELNUT MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
  3.3.1. Raw Material Outlooks
  3.3.2. Manufacturing and Technology Trends
  3.3.3. Sales/ Dairy Alternative Channel Analysis
  3.3.4. Profit Margin Analysis
3.4. Market Dynamics
  3.4.1. Market Driver Analysis
  3.4.2. Market Restraint Analysis
  3.4.3. Market Opportunities
  3.4.4. Market Challenges
3.5. Industry Analysis - Porter’s Five Forces Analysis
3.6. Market Entry Strategies

CHAPTER 4. HAZELNUT MARKET: PRODUCT ESTIMATES & TREND ANALYSIS

4.1. Hazelnut Market, by Product: Key Takeaways
4.2. Product Movement Analysis & Market Share, 2023 & 2030
4.3. Market Estimates & Forecasts, by Product, 2018 – 2030 (USD Million)
  4.3.1. Whole Hazelnut
    4.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  4.3.2. Hazelnut Paste
    4.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  4.3.3. Hazelnut Oil
    4.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  4.3.4. Others
    4.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)

CHAPTER 5. HAZELNUT MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

5.1. Hazelnut Market, by Application: Key Takeaways
5.2. Application Movement Analysis & Market Share, 2023 & 2030
5.3. Market Estimates & Forecasts, by Application, 2018 – 2030 (USD Million)
  5.3.1. Food & Beverage
    5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  5.3.2. Personal Care & Cosmetics
    5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  5.3.3. Pharmaceuticals
    5.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  5.3.4. Others
    5.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)

CHAPTER 6. HAZELNUT MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

6.1. Hazelnut Market: Regional Outlook
6.2. Regional Movement Analysis & Market Share, 2023 & 2030
6.3. Market Estimates & Forecasts, by Region & Country, 2018 – 2030 (USD Million)
  6.3.1. North America
    6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
    6.3.1.2. U.S.
      6.3.1.2.1. Key country dynamics
      6.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    6.3.1.3. Canada
      6.3.1.3.1. Key country dynamics
      6.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  6.3.2. Europe
    6.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
    6.3.2.2. Germany
      6.3.2.2.1. Key country dynamics
      6.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    6.3.2.3. UK
      6.3.2.3.1. Key country dynamics
      6.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    6.3.2.4. France
      6.3.2.4.1. Key country dynamics
      6.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    6.3.2.5. Italy
      6.3.2.5.1. Key country dynamics
      6.3.2.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    6.3.2.6. Spain
      6.3.2.6.1. Key country dynamics
      6.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  6.3.3. Asia Pacific
    6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
    6.3.3.2. China
      6.3.3.2.1. Key country dynamics
      6.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    6.3.3.3. Japan
      6.3.3.3.1. Key country dynamics
      6.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    6.3.3.4. India
      6.3.3.4.1. Key country dynamics
      6.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    6.3.3.5. Australia & New Zealand
      6.3.3.5.1. Key country dynamics
      6.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    6.3.3.6. Russia
      6.3.3.6.1. Key country dynamics
      6.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  6.3.4. Central & South America
    6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
    6.3.4.2. Brazil
      6.3.4.2.1. Key country dynamics
      6.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  6.3.5. Middle East & Africa
    6.3.5.1. Turkey
      6.3.5.1.1. Key country dynamics
      6.3.5.1.2. Market estimates and forecast, 2018 - 2030 (USD Million)
    6.3.5.2. Iran
      6.3.5.2.1. Key country dynamics
      6.3.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)

CHAPTER 7. COMPETITIVE ANALYSIS

7.1. Recent Developments & Impact Analysis, by Key Market Participants
7.2. Company Categorization
7.3. Participant’s Overview
7.4. Financial Performance
7.5. Product Benchmarking
7.6. Company Market Share Analysis, 2023 (%)
7.7. Company Heat Map Analysis
7.8. Strategy Mapping
7.9. Company Profiles
  7.9.1. Ferrero
  7.9.2. Olam International
  7.9.3. Arslanturk S.A.
  7.9.4. Holmquist Hazelnut Orchards, LLC
  7.9.5. DurakFindik
  7.9.6. DeveHerbes
  7.9.7. Azerstar LLC
  7.9.8. American Hazelnut Company
  7.9.9. Hazelz New Zealand
  7.9.10. Northwest Hazelnut Company
  7.9.11. ADM (Archer Daniels Midland Company)
  7.9.12. Karin G?da
  7.9.13. Balsu Gida Sanayi Ve Ticaret A.S.
  7.9.14. Poyraz Poyraz
  7.9.15. F?nd?k Entegre Sanayi Ticaret A.Є.
  7.9.16. Kanegrade Ltd.
  7.9.17. GPR (Gьrsoy Tar?msal Ьrьnler G?da San)
  7.9.18. Boxon Food
  7.9.19. Fruits of Turkey
  7.9.20. Ayd?n Kuruyemiє Sanayii ve Ticaret A.Є.


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