The latest report by IMARC Group, titled “Hazelnut Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global hazelnut market size reached US$ 17,529.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 34,808.1 Million by 2032, exhibiting a growth rate (CAGR) of 7.92% during 2024-2032.
Hazelnuts, also known as filberts, are small, round, and flavorful nuts that grow on hazel trees, primarily in temperate regions worldwide. They have a distinctive sweet and nutty flavor with a slightly earthy undertone. They are often encased in a hard, woody shell that needs to be cracked open to access the edible kernel inside. These kernels are a rich source of nutrients, including healthy fats, protein, dietary fiber, vitamins, and minerals. Hazelnuts are delicious and offer several health benefits. They are known for their heart-healthy monounsaturated fats, which can help lower cholesterol levels. They also make a delightful addition to salads, savory dishes, and various desserts, contributing a delightful crunch and nutty flavor to different culinary creations. Additionally, they provide essential nutrients like vitamin E, folate, and manganese. As a result, hazelnuts find extensive applications in culinary applications across the globe, commonly used in baking, confectionery, and as a key ingredient in popular spreads like Nutella.
Hazelnut Market Trends and Drivers:
The global hazelnut market is primarily driven by the increasing consumer awareness of the nutritional benefits and health advantages of hazelnuts, such as being a good source of healthy fats, vitamins, and minerals that expand their consumption across the food and beverage industry. Moreover, the escalating demand for hazelnuts in the confectionery sector, particularly for products like chocolate hazelnut spreads and pralines, is propelling market growth. Apart from this, the rising versatile applications in various culinary preparations, including bakery products, snacks, and savory dishes, has catalyzed market growth. Additionally, the growing popularity of hazelnut in plant-based and vegan diets as a dairy alternative in milk and coffee has augmented its demand. Besides this, the heightened adoption of hazelnuts in the cosmetics industry for their skin-boosting properties and use in skincare products is positively influencing market growth. Furthermore, the emerging trend of premium and artisanal nut-based products, aligning with consumers' preferences for high-quality and gourmet offerings, is contributing to market growth.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/hazelnut-market/requestsample
Report Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Whole hazelnut
- Hazelnut oil
- Hazelnut flour
- Hazelnut paste
- Others
Application Insights:
- Industrial
- Food service industry
- Household/retail
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- American Hazelnut Company
- Arslanturk S.A.
- Aydin Kuruyemi
- Azerstar LLC
- Barry Callebaut AG
- Chelmer Foods Ltd.
- Eurovanille
- Hazelz New Zealand
- Holmquist Hazelnut Orchards LLC
- Olam International Ltd.
- Oregon Hazelnut Company
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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