The Global Hazelnut Market size is expected to grow from USD 6.95 billion in 2022 to USD 9.08 billion by 2030, at a CAGR of 3.4% during the forecast period (2023-2030).
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, Chocolate-hazelnut 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.
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The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
Market Dynamics and Factors
Along with the rapid growth in the chocolate industry, the rise in demand from consumers for tasty and nutritious chocolates and chocolate spreads has proved to be a boon for hazelnut market growth. This rapidly rising demand encourages the key manufacturers of the chocolate industry to innovate and introduce new chocolate products with hazelnuts added to them. Chocolate hazelnut spreads are gaining popularity among health-conscious consumers along with peanut butter, which boosts the growth of the hazelnut market. Furthermore, hazelnut chocolate spreads and chocolates are vital in improving fertility, boosting metabolism rate, lowering cholesterol, weight loss, and digestion, which motivates the chocolate manufacturers to use them in appropriate quantities in their products.
Scope of the Report:
The latest report on the Hazelnut Market provides a detailed analysis of the market for the years 2023 to 2030. It presents a comprehensive overview of the global Hazelnut Market industry, incorporating all key industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Hazelnut Market. Moreover, the research covers crucial chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to grasp the market direction and development in the present and forthcoming years.
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Top Key Players Covered In The 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.
Hazelnut Market Segmentation:
By Type
- Processed Hazelnuts
- Unprocessed Hazelnuts
By Application
- Hazelnut-based Foods & Beverages
- Hazelnut Oil
- Pharmaceutical
- Cosmetics
By Distribution Channel
- Online
- Offline
For this report, Introspective Market Research has segmented the Sweet Dark Chocolate Market based on region:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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