North America Hazelnut Market By 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) – Industry Trends and Forecast to 2030.
North America Hazelnut Market Analysis and Size
The rising demand for hazelnuts in wide industrial applications is accelerating the use of hazelnuts products which drives the Market. Allergies associated with hazelnut are acting as a restrain for the Market. Increased awareness about health and nutrition is creating an opportunity for the Market. The easy availability of hazelnut substitutes is a challenge for the global Hazelnuts market.
Data Bridge Market Research analyses that the hazelnut market, which was USD 1,785.95 million in 2022, would rocket up to USD 3,192.75 million by 2030, and is expected to undergo a CAGR of 7.6% during the forecast period. Complete form of hazelnuts dominates the form segment of the hazelnut market owing to the growing number of companies providing 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 in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
North America Hazelnut Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
By 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)
|
|
Countries Covered
|
U.S., Canada, and Mexico
|
|
Market Players Covered
|
ADM (2019) (Illinois, U.S.), Northwest Hazelnut Company (Ohio, U.S.), Karin Gıda(Istanbul, Turkey), Olam International (2019) (Côte d’Ivoire, West Africa ), BALSU(Sakarya, Turkey), and Ferrero (Turkey)
|
|
Market Opportunities
|
|
Market Definition
Hazelnut is derived from the species of the genus corylus, mainly from the nuts of the species Corylusavellana. It is used in wide range of industrial application such as food and beverages industry, food service industry, cosmetic industry and among other. Hazelnut is a type of nut which can be consumed as a snack and also it is comprised of the various kinds of benefits such as it is used to multiple health problems. In personal care & cosmetics, it is used for making natural hair care and skin care products.
North America Hazelnut Market Dynamics
Drivers
- Increasing the production of hazelnut across the world
Hazelnut has a high consumption share, with 35% in hard-shelled fruits around the world. It is often featured into meal or chocolate truffles and used as flour in cakes, breads and cookies. The hazelnut is a vital export crop which has given way as to the increase of appearance of new producer countries and production capacity of hazelnut producing countries, for this reason increasing the production of hazelnut across the world is acting as a driver for growing the demand for the global hazelnut market.
- Growing demand from consumers and high health benefits
Hazelnut has a high consumption among the consumers, it is a widely used in food industry especially for the chocolate making. Hazelnut has higher demand among the consumer because it is a better and brighter eating solution, which can fit the specific needs and lifestyle of consumers, also consumption of hazelnut help in the various types of health benefits.
Hazelnut is a tasty snack and an excellent 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, reducing weight gain, protecting against cell damage, and these are the reasons for increased demand for hazelnut among the consumers.
- Increasing demand for hazelnuts in wide industrial applications
Hazelnuts are used in wide range of industrial applications including food and beverages, pharmaceuticals and personal care & cosmetics industries. Hazelnuts 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 hazelnuts are rich in nutrients and it has high content of protein, minerals, fats and vitamins, due to this increasing demand for hazelnuts in wide industrial applications boosting the market growth.
Opportunities
The increased awareness about health and nutrition is one of the primary factors which help increasing the demand of hazelnuts. Hazelnuts have good level of manganese, thiamine, and vitamin E which helps to improve the brain function and reduce the chances of any degenerative disease.
The 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 suitable for muscles, skin, bones, as hazelnuts are rich in protein, vitamins, folate and antioxidants. Hazelnuts also recommended by dieticians and nutritionist for those people who are very health and calorie conscious, for this reason increased awareness about health and nutrition is acting as an opportunities for growing the demand of the global hazelnut market.
Restraints/Challenges
Hazelnut allergy is a common type of allergy which may cause food allergy symptoms that range from mild to severe. Hazelnut allergy symptoms include abdominal pain, cramps, nausea and vomiting, diarrhea and difficulty swallowing among other which obstructs the demand of hazelnut in the Market.
Hazelnut allergy is usually found in patients with tree pollen allergy and heavy fever. There is no actual cure for hazelnut allergy; consumer can manage their hazelnut allergy only by avoiding consuming hazelnuts.
Oral allergy syndromes of hazelnut are mostly relatively mild and are confined to tingling, swelling or itching of the lips, throat and tongue. These symptoms of hazelnut allergy may be treated with an over-the-counter antihistamine such as Benadryl. Sometime allergies from hazelnut become life threating, which requires immediate medical care, for this reason allergies associated with hazelnut is acting as a restraints, which hamper the demand of the global hazelnut market.
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, analyses 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 the hazelnut market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In October 2019, Olam International announced that they have expand their almond ingredients capacity after the acquisition of Hughson Nut which is a leading manufacturer of almond processor and component. After the acquisition company enhanced their product portfolio
North America Hazelnut Market Scope
Global hazelnut market is categorized into seven notable segments which are based on the basis of form, category, shape, origin, packaging, application and distribution channel. The growth amongst these segments will help you to analyze meagre 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
Hazelnut Market Regional Analysis/Insights
The hazelnut market is analysed and market size insights and trends are provided by seed type, strain, compound, category, distribution channel, type of vendors as referenced above.
The countries covered in the hazelnut market report are the U.S., Canada, and Mexico.
The U.S. dominates the hazelnut market because of the strong base of consumers, strong presence of major players in the Market and rising number of research activities in this country in terms of market share.
The U.S. is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increasing demand among consumers about health benefits of hazelnut growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for hazelnut in the country.
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 down-stream 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 Hazelnut Market Share Analysis
The 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 surgical microscopes Market.
Some of the major players operating in the Market are:
- ADM (2019) (Illinois, U.S.)
- Northwest Hazelnut Company (Ohio, U.S.)
- Karin Gıda(Istanbul, Turkey)
- Olam International (2019) (Côte d’Ivoire, West Africa )
- BALSU(Sakarya, Turkey)
- Ferrero (Turkey)
SKU-