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The hazelnut market share is expected to increase by USD 2.43 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.9%.
This hazelnut market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers hazelnut market segmentation by type (processed hazelnut and unprocessed hazelnut), end-user (hazelnut-based foods and beverages, hazelnut oil, cosmetics, and others), and geography (Europe, Middle East and Africa, North America, APAC, and South America). The hazelnut market report also offers information on several market vendors, including American Hazelnut Co., Apex Flavors Inc., Bostons Best Coffee Roasters Inc., BlissOfEarth, Arslanturk Agricultural Products, Aydin Kuruyemis Sanayii ve Ticaret A.S., AZERSTAR LLC, Balsu Gida Sanayi Ve Ricaret AS, Chelmer Foods Ltd., E.A. Weber and Co., Ferrero International S.A., Holmquist Hazelnut Orchards LLC, Kanegrade Ltd., McCormick and Co. Inc., Namo Organics, NorthStar LLC, Northwest Hazelnut Co., Olam Group Ltd., Oregon Hazelnuts, and Royal Dry Fruits Pvt. Ltd. among others.
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The increased awareness about health and nutrition is notably driving the hazelnut market growth, although factors such as the potential sources of allergens may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hazelnut industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Hazelnut Market Driver
One of the key factors driving growth in the hazelnut market is the increased awareness about health and nutrition. Hazelnuts are rich in vitamins, folate, protein, and antioxidants. Folate is especially beneficial for pregnant women in preventing neural defects in their babies, while the antioxidants present in hazelnuts help prevent diseases like cancer and diabetes. Owing to the presence of manganese, vitamin E, and thiamine, hazelnuts help in improving brain function and reducing the chances of neurodegenerative diseases. These nutrients also help in controlling bad cholesterol (LDL or low-density lipoprotein) levels and in preventing cardiovascular diseases. In addition, the consumption of hazelnuts is also good for the muscles, bones, and skin, as hazelnuts are rich in protein. Thus, hazelnuts are also recommended by most dieticians and gym trainers. Hence, all these factors are expected to fuel the growth of the global hazelnut market.
Key Hazelnut Market Trend
The growing demand for hazelnut milk is a hazelnut market trend that is expected to have a positive impact in the coming years. Hazelnut milk has a mild, sweet, and nutty taste and flavor and is high in vitamins B1, B2, B6, and E, antioxidants, and proteins, besides having a low-fat content. It is also gluten-free, soy-free, and does not have lactose. It also helps to prevent anemia, cancer, and heart disease. It is considered an ideal alternative to dairy milk and can be used with cereals or as a hot beverage. Manufacturers like Pacific Foods and Alpro offer hazelnut milk in different flavors. Hazelnut milk complements the flavor of the coffee. Unlike almond milk, it lacks bitterness and thus complements coffee with a sweet, nutty taste. The milk also does not split or curdle at the high temperatures that are used while making coffee. For this reason, many high-end coffee makers are preparing their own hazelnut milk, thereby propelling the growth of the market in focus further.
Key Hazelnut Market Challenge
The potential source of allergens will be a major challenge for the hazelnut market during the forecast period. Although hazelnuts have several health benefits, they can be potential sources of allergenic proteins, which can cause serious health problems for people who have tree nut allergies. This is considered to be one of the major factors expected to limit the growth of the global hazelnut market during the forecast period. Anaphylaxis is the most serious type of allergic reaction, which is particularly more common among infants and young children who have tree nut allergies. It leads to various life-threatening respiratory, gastrointestinal, and cardiovascular symptoms. It also affects the skin, causing anxiety and headaches, among other health problems. Therefore, the health risks associated with the consumption of hazelnuts, especially among those who are allergic to tree nuts, may limit their demand and, thereby, restrict the growth of the global hazelnuts market.
This hazelnut market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global hazelnut market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hazelnut market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the hazelnut market encompasses successful business strategies deployed by the key vendors. The hazelnut market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
bostonsbestcoffee.com - The company offers hazelnuts such as in-shell, natural, sliced, and diced hazelnuts.
bostonsbestcoffee.com - The unified segment focuses on offering cold and nitro bean coffee, and ground and whole bean coffee.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The hazelnut market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the hazelnut market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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57% of the market’s growth will originate from Europe during the forecast period. Turkey, Italy, Germany, and France are the key markets for hazelnut in Europe. Market growth in this region will be slower than the growth of the market in other regions.
The expansion of hazelnut processing units will facilitate the hazelnut market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic negatively impacted the growth of the hazelnut market in this region. Several retail stores and hazelnut processing plants faced short-term challenges related to cash flows, supply chains, the health and safety of workers, and volatility in consumer demand in 2020. However, in Q3 2020, various vendors employed new strategies, such as adopting online channels to sell hazelnuts and associated products, which helped the market cope with the negative impacts of the pandemic by registering growth in the online segment.
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The hazelnut market share growth in the processed hazelnut segment will be significant during the forecast period. The demand for processed hazelnuts is increasing, which is expected to continue during the forecast period. Processed hazelnuts include blanched, roasted, diced, and powdered hazelnuts, which are processed to suit the different tastes, preferences, and needs of end-users. They are accessible to most end-users and are usually in a ready-to-be-consumed format. The growing consumption of snacks among consumers is keeping the demand for processed hazelnuts high. S
This report provides an accurate prediction of the contribution of all the segments to the growth of the hazelnut market size and actionable market insights on the post-COVID-19 impact on each segment.
Hazelnut Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.9% |
Market growth 2022-2026 |
$2.43 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.4 |
Regional analysis |
Europe, Middle East and Africa, North America, APAC, and South America |
Performing market contribution |
Europe at 57% |
Key consumer countries |
US, Turkey, Italy, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
American Hazelnut Co., Apex Flavors Inc., Bostons Best Coffee Roasters Inc., BlissOfEarth, Arslanturk Agricultural Products, Aydin Kuruyemis Sanayii ve Ticaret A.S., AZERSTAR LLC, Balsu Gida Sanayi Ve Ricaret AS, Chelmer Foods Ltd., E.A. Weber and Co., Ferrero International S.A., Holmquist Hazelnut Orchards LLC, Kanegrade Ltd., McCormick and Co. Inc., Namo Organics, NorthStar LLC, Northwest Hazelnut Co., Olam Group Ltd., Oregon Hazelnuts, and Royal Dry Fruits Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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