Hazelnut Market By Product Type (Processed Hazelnuts and Unprocessed Hazelnuts), By Application (Hazelnut-based Foods & Beverages, and Hazelnut Oil), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Hazelnut Market was valued at USD 18 Billion in 2024 and is projected to grow at a CAGR of 12.10% to reach USD 50.8 Billion by 2034.

Hazelnuts have high nutritional value and are rich in protein. They have a high amount of dietary fiber that helps reduce cholesterol and the highest amount of proanthocyanidin in the nut family. Hazelnuts are used in foodstuffs like chocolate bars, spreads, and coffee. They are also used in medicinal and personal grooming purpose like hazelnut oil. Rising demand for hazelnut-based foods and beverages is the major factor driving growth of the global market. According to International Nuts and Dried Nuts, World tree nut production continues to grow year on year. Overall tree nut production was increased by 24% compared to the prior 10-year average, adding up to over 4.2 million metric tons (MT) in 2017/18. However, impact high price on consumption may restrain growth of the hazelnut market. Nevertheless, untapped market potential of hazelnut oil as infant nutrition product creates lucrative growth opportunities for the global market.

The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.

In the current research scope 2023 is considered as base year and 2024 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2024 to 2034. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360^o data analysis methodology.

The hazelnut market report segments the market on the basis of product type, application, and region.

The report expected to answer various target market related questions and offers insights on:

• Definition, description, overview of market growth influencing factors, and forecast for the target market
• Scope for related market in the forecast period
• Analysis and outcome for the global hazelnut market by segment and region followed by countries
• Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
• Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
• Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
• Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economic factors that may influence market growth
• PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

• Balsu Gida Sanayi Ve Ticaret AS 
• Chelmer Foods Ltd.
• Kanegrade Ltd.
• Archer Daniels Midland Company 
• Olam International Ltd.
• Hazelnut Growers of Oregon, Inc.
• Barry Callebaut AG 
• Kerry Group plc.
• Soparind SCA
• The Hershey Company

The New Launched Product News,

• In April 2023, Apis India launched of its brand-new chocolate spread that will be available in hazelnut flavor. Apis Hazelnut Chocolate Spread is a regular source of protein and energy. The goal of Apis India's latest hazelnut chocolate spread is to make chocolate enthusiasts eager for their morning meal. It's really inviting and enjoyable to eat with anything because of the fantastic combination of ingredients. Any number of items can be made even more delicious by simply adding Apis Chocolate Spread to them to enhance their flavors. It goes well with bread, pancakes, waffles, shakes, smoothies, and even ice cream.

• In June 2023, Butterkist launched a brand new flavor, Crunchy Hazelnut Chocolate flavor toffee popcorn. In order to leverage on the expanding popularity of hazelnut flavors in confections, Butterkist Crunchy Hazelnut Chocolate popcorn was created to cater to customers seeking a distinctive and fulfilling sweet treat. Compared to classic confectionery items, such as chocolate bars, the new Butterkist variation offers a lower calorie option while still providing an irresistibly sweet snacking experience.

• In September 2023, Hazelicious Launched Hazelnut Milk in Two Delicious Varieties. Hazellicious, Hazelnut Milk is an excellent choice for individuals seeking a rich, creamy, and environmentally friendly substitute for almond milk. There are two delectable versions of Hazelicious Hazelnut Milk: gently sweetened and unsweetened. For those who prefer a cool, refreshing glass on its own or who desire a little of sweetness, the mildly sweetened variant is ideal.

• In October 2023, Otto Nuts launches line of Turkish coffee and cocoa-coated hazelnut snacks. Hazelnuts are a wholesome and daring addition to the American diet; they are high in fiber, antioxidants, and a variety of vitamins and minerals; they also lower inflammation, support heart health, and may even help fend against disease. In addition to being a satisfying snack, chickpeas are high in protein and fiber, which promotes brain and digestive health as well as the prevention of disease.