Asia-Pacific Hazelnut Market, By Form (Whole/In-Shell Hazelnut, Natural Hazelnut, Diced Hazelnut, Paste Hazelnut, Blanched Hazelnut, Roasted Hazelnut, Sliced Hazelnut, Hazelnut Oil, Hazelnut Meal, and Others), Category (Organic and Conventional), Shape (Round Kernels, Almond Kernels, Pointed Kernels, and Others), Origin (Akcakoca, Levant, Giresun, and Others), Packaging (Vacuum & Cartons Box, Bags, Pouches, Plastic or Metal Drums, and Others), Application (Industrial, Food Service Industry, and Household/Retail), Distribution Channel (Direct and Indirect) – Industry Trends and Forecast to 2030.
Asia-Pacific Hazelnut Market Analysis and Size
Rising demand for hazelnuts in wide industrial applications is accelerating the use of hazelnut products which is expected to drive market growth. Allergies associated with hazelnut are expected to restrain market growth. Increased awareness about health and nutrition is expected to create an opportunity for market growth. The easy availability of hazelnut substitutes is expected to pose a challenge to market growth.
Data Bridge Market Research analyzes that the hazelnut market, which was USD 1,503.85 million in 2022, would rocket up to USD 3,006.18 million by 2030, and is expected to undergo a CAGR of 9.1% during the forecast period. The whole segment is expected to dominate the form segment of the hazelnut market owing to the growing number of companies that are engaged in providing a number of feminized seeds for home gardeners and growers for medical or recreational purposes. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the Market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Asia-Pacific Hazelnut Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Form (Whole/In-Shell Hazelnut, Natural Hazelnut, Diced Hazelnut, Paste Hazelnut, Blanched Hazelnut, Roasted Hazelnut, Sliced Hazelnut, Hazelnut Oil, Hazelnut Meal, and Others), Category (Organic and Conventional), Shape (Round Kernels, Almond Kernels, Pointed Kernels, and Others), Origin (Akcakoca, Levant, Giresun, and Others), Packaging (Vacuum & Cartons Box, Bags, Pouches, Plastic or Metal Drums, and Others), Application (Industrial, Food Service Industry, and Household/Retail), Distribution Channel (Direct and Indirect)
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Countries Covered
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China, Australia, Vietnam, Japan, India, New Zealand, Malaysia, South Korea, Singapore, Thailand, Indonesia, Philippines, and rest of Asia-Pacific
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Market Players Covered
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ADM (U.S.), Karin Gida (Turkey), Olam International (West Africa), BALSU (Turkey), and Ferrero (Turkey) among others
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Market Opportunities
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Market Definition
Hazelnut is derived from the species of the genus Corylus, mainly from the nuts of the species Corylusavellana. It is used in a wide range of industrial applications such as the food and beverages industry, food service industry, and cosmetic industry among others. Hazelnut is a type of nut that can be consumed as a snack. It comprises of various types of health benefits such as, it is used to treat various health problems. In personal care & cosmetics, it is used for making natural hair care and skin care products.
Asia-Pacific Hazelnut Market Dynamics
Drivers
- Increasing production of hazelnut across the world
Hazelnut has a high consumption share of 35% of hard-shelled fruits around the world. It is often featured in meal or chocolate truffles and used as flour in cakes, bread, and cookies. The hazelnut is an important export crop that has given way to increase the appearance of new producer countries and the production capacity of hazelnut-producing countries. For this reason, increasing production of hazelnut across the world is expected to drive market growth.
- Growing demand from consumers and high health benefits
Hazelnut has a high consumption among consumers. It is widely used in the food industry, especially for chocolate making. Hazelnut has higher demand among consumers as it is a better and smarter eating solution which can fit the specific needs and lifestyle of consumers. Also, the consumption of hazelnut provides various types of health benefits.
Hazelnut is a type of tasty snack and is a great addition to various dishes. It also provides several health benefits as it can be used for a calorie-controlled diet. Also, it supports healthy bowel movements, reduces weight gain, and protects against cell damage, which is expected to drive market growth.
- Increasing demand for hazelnuts in wide industrial applications
Hazelnuts are used in a wide range of industrial applications, including food and beverages, pharmaceuticals, and personal care & cosmetics industries. They are commonly used in the food industry, particularly in making pastries and chocolate, which are inclusive of products such as Nutella, Cadbury chocolate bars, and Frangelico liqueur.
It is estimated that the worldwide production of hazelnuts each year is 600,000 tons, which is commonly used in the cosmetic and food industry because hazelnut is rich in nutrients and it has a high content of protein, minerals, fats, and vitamins. Thus, the increasing demand for hazelnuts for wide industrial applications is expected to drive market growth.
Opportunity
- Increased awareness about health and nutrition
Hazelnuts have a good level of manganese, thiamine, and vitamin E that helps to improve brain function and reduce the chances of any degenerative disease.
Regular consumption of hazelnut can also help to control the symptoms of cardiovascular diseases and maintain the level of cholesterol. The consumption of hazelnuts is also good for muscles, skin, and bones, as they are rich in protein, vitamins, folate, and antioxidants. They are also recommended by dieticians and nutritionists for those people who are very health and calorie-conscious. Thus, the increased awareness about health and nutrition is expected to create opportunities for market growth.
Restraint/Challenge
- Allergies associated with hazelnut
Hazelnut allergy is a common type of allergy that may cause food allergy symptoms that range from mild to severe. The symptoms include abdominal pain, cramps, nausea and vomiting, diarrhea, and difficulty in swallowing among others which obstructs the demand for hazelnut in the market.
Hazelnut allergy is usually found in patients with tree pollen allergies and heavy fever. There is no actual cure for hazelnut allergy; consumers can manage their hazelnut allergy only by avoiding consumption of hazelnuts.
Oral allergy syndromes of hazelnut are mostly fairly mild and are confined to tingling, swelling, or itching of the lips, throat, and tongue. These symptoms may be treated with an over-the-counter antihistamine such as Benadryl. Sometimes allergies from hazelnut become life-threatening and require immediate medical care. Thus, allergies associated with hazelnut are expected to restrain market growth.
This hazelnut market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on this market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.
Recent Development
- In October 2019, Olam International announced that they had expanded their almond ingredients capacity after the acquisition of Hughson Nut, which is a leading manufacturer of almond processors and ingredients. After the acquisition, the company enhanced its product portfolio.
Asia-Pacific Hazelnut Market Scope
The Asia-Pacific hazelnut market is segmented into seven notable segments based on form, category, shape, origin, packaging, application, and distribution channel. The growth amongst these segments will help you to analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Form
- Whole/in-shell hazelnut
- Natural hazelnut
- Diced hazelnut
- Paste hazelnut
- Blanched hazelnut
- Roasted hazelnut
- Sliced hazelnut
- Hazelnut oil
- Hazelnut meal
- Others
Category
- Organic
- Conventional
Shape
- Round kernels
- Almond kernels
- Pointed kernels
- Others
Origin
- Akcakoca
- Levant
- Giresun
- Others
Packaging
- Vacuum & cartons box
- Bags
- Pouches
- Plastic or metal drums
- Others
Application
- Industrial
- Food service industry
- Household/retail
Distribution Channel
- Direct
- Indirect
Asia-Pacific Hazelnut Market Regional Analysis/Insights
The Asia-Pacific hazelnut market is analyzed and market size insights and trends are provided by form, category, shape, origin, packaging, application, and distribution channel as referenced above.
The countries covered in this market report are China, Australia, Vietnam, Japan, India, New Zealand, Malaysia, South Korea, Singapore, Thailand, Indonesia, Philippines, and rest of Asia-Pacific.
China is expected to dominate the market and witness significant growth during the forecast period of 2023 to 2030 due to the increasing demand for hazelnut among consumers, increasing awareness about the health benefits of hazelnut, growing research activities in the region, availability of massive untapped markets, and large population pool.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the Market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Hazelnut Market Share Analysis
The Asia-Pacific hazelnut market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the Asia-Pacific hazelnut market are:
- ADM (U.S.)
- Karin Gida (Turkey)
- Olam International (West Africa)
- BALSU (Turkey)
- Ferrero (Turkey)
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