Hazelnuts find versatile applications across various culinary creations, from bakery goods and confectionery to spreads and nut butters. Their rich, nutty flavor and crunchy texture enhance the taste and texture of dishes. Beyond taste, hazelnuts boast nutritional properties, offering essential nutrients, healthy fats, and antioxidants. These properties contribute to heart health, brain function, and overall wellness. Their adaptable nature and nutritional value make hazelnuts an integral ingredient in both savory and sweet preparations, appealing to a wide range of consumer preferences.
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Data Bridge Market Research analyses that the Global Hazelnut Market is valued at USD 14,944.61 million in 2021 and is expected to reach USD 29,343.76 million by 2029, registering a CAGR of 8.8% during the forecast period of 2022 to 2029. Hazelnuts are regarded as a nutritious and easily accessible snack choice, catering to the increasing trend of seeking healthier on-the-go eating options. Their rich nutrient content and portability make them a favorable choice for health-conscious consumers looking for convenient and wholesome snacks to fit their busy lifestyles.
Key Findings of the Study
Culinary applications are expected to drive the market's growth rate
The versatility of hazelnuts in culinary applications such as cooking, baking, and confectionery fuels demand across various sectors. Renowned for their nutty flavor and crunchy texture, hazelnuts enhance a wide range of dishes, from savory entrees to delectable desserts. Chefs, home cooks, and food manufacturers recognize their adaptability, leading to consistent demand. The ability of hazelnuts to elevate flavor profiles, add texture, and complement diverse recipes positions them as an essential ingredient in culinary creations worldwide.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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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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Form (Whole/In-Shell Hazelnut, Natural Hazelnut, Diced Hazelnut, Paste Hazelnut, Blanched Hazelnut, Roasted Hazelnut, Sliced Hazelnut, Hazelnut Oil, Hazelnut Meal and Others), Category (Conventional and Organic), Shape (Round Kernels, Almond Kernels, Pointed Kernels and Others), Origin (Akcakoca, Levant, Giresun and Others), Packaging (Vacuum and 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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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Apex Flavors Inc. (U.S.), Boston Hazelnut Bean Company (U.S.), Charles H. Baldwin and Sons (U.S.), Daintree Hazelnut and Spice (Australia), E.A. Weber and Co. (U.S.), Lochhead Manufacturing Company (U.S.), MacTaggarts Brand (U.S.), McCormick and Company Inc (U.S.), Mikoya Kasho Co. Ltd. (Japan), Nielsen Massey Hazelnuts Inc. (U.S.), Rodelle Inc. (U.S.), SAMBIRANO AROMATIC (Switzerland)
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Data Points Covered in the Report
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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
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Segment Analysis:
The hazelnut market is segmented on the basis of form, category, shape, origin, packaging, application, and distribution channel.
- On the basis of form, the hazelnut market is segmented into whole/in-shell hazelnut, natural hazelnut, diced hazelnut, paste hazelnut, blanched hazelnut, roasted hazelnut, sliced hazelnut, hazelnut oil, hazelnut meal, and others.
- On the basis of category, the hazelnut market is segmented into conventional and organic.
- On the basis of shape, the hazelnut market is segmented into round kernels, almond kernels, pointed kernels, and others.
- On the basis of origin, the hazelnut market is segmented into akcakoca, levant, giresun, and others.
- On the basis of packaging, the hazelnut market is segmented into vacuum and cartons box, bags, pouches, plastic or metal drums, and others.
- On the basis of application, the hazelnut market is segmented into industrial, food service industry, and household/retail.
- On the basis of distribution channel, the hazelnut market is segmented into direct and indirect.
Major Players
Data Bridge Market Research recognizes the following companies as the major hazelnut market players in hazelnut market are Apex Flavors Inc. (U.S.), Boston Hazelnut Bean Company (U.S.), Charles H. Baldwin and Sons (U.S.), Daintree Hazelnut and Spice (Australia), E.A. Weber and Co. (U.S.), Lochhead Manufacturing Company (U.S.), MacTaggarts Brand (U.S.), McCormick and Company Inc (U.S.)
Market Developments
- In July 2021, Fabulous, an Italian food brand, is set to unveil a range of organic hazelnut and cocoa spreads, crafted from a fusion of hazelnuts, cocoa, and chickpeas. The initial offering, the Hazelnut Cocoa flavor, will be succeeded by the release of two more variants: the Savoury Orange Hazelnut and the Crunchy Hazelnut options.
- In April 2021, Rigoni di Asiago, an Italian company, is introducing a novel hazelnut spread named Nocciolata Crunchy. This organic hazelnut spread features toasted hazelnut grains and boasts a 22% hazelnut content, offering a delightful and textured hazelnut experience.
- In January 2021, Ferrero initiated a collaboration with Sourcemap to establish traceability in its hazelnut value chain. Utilizing Sourcemap's platform, Ferrero aims to gather vital information about social and agricultural practices. Through data science, the company will validate the value chain and ensure enhancements in performance.
Regional Analysis
Geographically, the countries covered in the hazelnut market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the most appealing market in hazelnut market during the forecast period 2022 - 2029
In 2022, Asia-Pacific is the most appealing market in the hazelnut market as countries' evolving consumer preferences and increasing purchasing power contribute to the rising popularity of hazelnuts. As these markets continue to expand, they drive the hazelnut market's growth throughout the forecast period. Consequently, the Asia-Pacific region is projected to retain its significance in terms of market volume, reflecting the sustained demand for hazelnuts in the region.
North America is expected to witness significant growth during the forecast period of 2022 to 2029
In 2022, North America is expected to witness significant growth due to advanced technology-based sports apparel being introduced here, catering to evolving consumer preferences. As technology integrates with sportswear, innovative features enhance comfort and performance. This dual synergy of demand and technological innovation propels the region forward as a dynamic hub for sports apparel, meeting the needs of a diverse range of consumers seeking both functionality and style in their athletic attire.
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