Hazelnut Market

The hazelnut market is expected to expand at a CAGR of 10.2% during the forecast period of 2022 to 2030. Increased knowledge of hazelnuts’ health advantages is expected to stimulate global demand from 2020 to 2030. The Corylus tree produces hazelnuts. Because of COVID-19, people are eating more fruits, nuts, and other healthful foods. Nuts have a high-calorie density due to the fats they contain, hence they’re often included in healthy diets. Hazelnuts are rich in linoleic acid, unsaturated fatty acids, and protein. It has more vitamin E than other nuts. Hazelnuts may regulate immune and inflammatory responses. In the future, hazelnuts will be in higher demand. Opportunity. The growing popularity of natural flavours, the rise of new food and beverage sectors, and the demand for organic malt components and extracts all expand profitable potential.

Hazelnuts contain oil, protein, and fibre. It contains omega-3 fatty acids, which are excellent for the heart and reduce cardiovascular disease risk. The hazelnut market is expected to grow due to consumer awareness of hazelnuts’ health advantages and their broad use in the food and beverage, cosmetic and personal care, pharmaceutical, and dietary supplement industries. Hazelnuts are used worldwide to make dairy, bread, candy, and chocolate. 80% of the world’s hazelnut crop is used in chocolate, 15% in cake, biscuits, and sweets, and 5% as appetisers. According to a study, consuming hazelnuts can lower LDL cholesterol (the “bad” cholesterol) and enhance HDL cholesterol (the “good” cholesterol), boosting hazelnut sales. Hazelnuts are used in cakes, muffins, chocolate dishes, praline, and pastries. Due to rising demand, more manufacturers are introducing new products.

Hazelnuts contain B, E, and K vitamins. It’s also rich in proteins, minerals, and healthy fats. Hazelnuts are low in sodium and can reduce cholesterol levels. As a result, they’re popular among the world’s vegetarians. Hazelnuts are a popular weight-loss food. The growing use of hazelnuts in the treatment of celiac disease is also expected to boost the global hazelnut market.

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Chocolate manufacturers are reintroducing hazelnut-based product lines. This trend is a worldwide confectionery taste innovation. Like peanut butter, chocolate-hazelnut spreads are gaining popularity. Most of the nation’s most well-known supermarket chains carry homemade varieties of this sauce. Nutella, Ferrero Rocher, and Kinder Bueno all contain hazelnuts, a key ingredient in Ferrero’s recipe. Nutella is a popular after-school snack in 2020, especially in Europe. Ferrero chocolate consumes 25% of the world’s hazelnuts. There have been Nutella heists, a World Nutella Day, and even Nutella bars in the US. Nutella is a global food phenomenon. The growing popularity of Nutella has increased demand for hazelnuts from sectors that serve global customers. Chocolatiers relaunch their products with traditional and western styles over the holidays. These new goods include luxury nuts in chocolates, increasing hazelnut demand.

Hazelnut oil is used in cosmetics as it conditions the skin and personal care products. Hazelnut oil requires roasting and cold pressing. Aromatherapy uses hazelnut oil to cure and nourish the skin with its vitamins and nutrients. This oil can be added to creams and lotions. No of your skin type, use hazelnut oil with caution. Hazelnut oil treats dry and damaged hair and protects against the sun’s drying and damaging effects. Hazelnut oil helps rebuild hair and provides smoothness and lustre. The growing use of hazelnut oil in cosmetics and personal care products is expected to drive the market over the study period. High pricing may hinder the global hazelnut market’s growth by reducing consumer spending. The global market can capitalise on hazelnut oil’s untapped potential as baby food.

South Asian and East Asian developing economies are expected to show high hazelnut market growth from 2022 to 2030. Rising per capita income and urbanisation are driving the hazelnut market in these regions. Unusual frozen and confectionery products command a premium price. South Asia and East Asia manufacturers should benefit from customers’ growing appetite for uncommon ingredients like hazelnut. Ice cream and chocolates are favourites. The expansion of the market will be restricted by safety laws and the use of unnatural items above a predetermined threshold. Changes in raw material prices, limited supplies, and less farming will also hinder the market growth.

In 2021, hazelnut flour dominated sales. Many companies sell hazelnut flour, which contains high-protein, tasty hazelnut powder. Smoothies, gluten-free cakes, and cereals can use fine texture and powerful nut flavour. The hazelnut oil market is expected to have the greatest compound annual growth rate (CAGR) over the analysis period. It’s also utilised in hair, skin, aromatherapy, and massage products. A raw segment of hazelnut retained a large market share in 2021. Raw hazelnuts come whole, chopped, sliced, ground, paste, or oil. Raw nuts are pricey since they’re high-quality. Snack food is hazelnuts’ biggest market. Bread, cereal, and candy industries in the US use both indigenous and imported hazelnuts.

In 2021, 90% of hazelnuts used in food were roasted, whitened, minced, sliced, powdered, or pureed. Hazelnuts are a supporting ingredient in chocolate, biscuits, candies, pastries, and ice cream. They are used in cough syrups, ointments, and cosmetics due to their high fibre, vitamin, and protein content. Hazelnuts are often crushed into flour for cakes, pastries, and bread. Popular spreads include chocolate and hazelnuts. The business-to-consumer market is likely to rise highest during the forecast period. Because more food makers make hazelnuts, they’re in most grocery stores. This boosts business-to-consumer sales.

Turkey produces 65% of the world’s hazelnuts. Italy is the second-largest hazelnut producer and consumer. Italy sells hazelnuts with and without shells. In-shell hazelnuts are used to manufacture snacks, whereas shelled hazelnuts are sold to bakeries and confectioneries. 90% of the country’s hazelnuts are sold to processors, while 10% are utilised fresh. Due to rising demand from Europe’s chocolate industries, Europe is expected to have the highest CAGR of 10.5% throughout the forecast period. This will boost Europe’s consumption. The industry is expected to grow because of rising customer demand and health benefits. US, Canada, Japan, China, and Europe will be major revenue sources. China is one of the fastest-growing regional markets. Australia, India, and South Korea will propel the Asia-Pacific market to $1 billion by 2025. Latin America’s market is predicted to grow at a 7.5% CAGR.

Olam International, Ferrero International S.A., Barry Callebaut AG, Kanegrade Limited, Arslantürk, Karimex, Oregon Hazelnuts, DurakFindik, Geonuts Limited, and GursoyTarimsalUrunler Gida SanayiiVeTicart A.S. are prominent hazelnut market companies. Market companies are developing new items to expand their market share and achieve momentum globally. Companies engage in strategic acquisitions such as product launches, partnerships, and collaborations to expand market share and obtain a competitive edge through combined synergies. Many firms compete in the global hazelnut market. As a result, the hazelnut market rivalry seems intense. Businesses in this industry use a range of techniques to compete. A lot of hazelnut enterprises are boosting their manufacturing capacities. In addition, many companies in the global hazelnut industry are delivering higher-quality products. All these reasons indicate that the global hazelnut market will rise rapidly in the coming years.

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