Global Hazelnut Market 2017-2021
- Published: Apr 2017
- Pages: 70
- SKU: IRTNTR12616
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This industry research report identifies Balsu Gida, Chelmer Foods, Kanegrade, Olam International, and Oregon Hazelnuts as the key vendors in the global hazelnut market. This industry research report also presents a competitive analysis of the market by application (hazelnut-based foods and beverages, and hazelnut oil), by product type (processed and unprocessed hazelnuts), by end user (industry manufacturers, retail, and foodservice sector) and by geography (the Americas, APAC, and EMEA).
Overview of the global hazelnut market
Market research analysts at Technavio predict that the global hazelnut market will grow steadily during the forecast period and post a CAGR of close to 7% by 2021. This market research analysis identifies the increased awareness about health and nutrition as one of the primary growth factors for this market. Due to the presence of manganese, vitamin E, and thiamine, hazelnuts help improve brain function and reduce the chances of any degenerative disease. It also helps to control cholesterol and cardiovascular diseases. The consumption of hazelnuts is also good for muscles, bones, and skin as hazelnuts are rich in vitamins, folate, protein, and antioxidants. Antioxidants aid in fighting terminal diseases such as cancer and diabetes; whereas, folate is beneficial in preventing neural defects in babies. Hazelnuts are also beneficial for the health-conscious and calorie conscious generation and are recommended by dieticians and nutritionist.
The market research report recognizes the development of hybrid hazelnuts as one of the primary trends behind the growth of this market. Hazelnuts are susceptible to infection which can destroy the entire hazelnut crop. Subsequently, hybrid hazelnuts have been cultivated to make the hazelnuts immune to the infection and to make the traditional hazelnuts more commercially viable as traditional hazelnuts are grown only in few parts of the world. These hybrid crops are more productive and require less maintenance. This increased demand for hybrid hazelnut has impacted the potential cultivation of the hybrid hazelnuts.
Competitive landscape and key vendors
The hazelnut market is highly fragmented due to the presence of many small and large vendors that compete in terms of price, quality, reputation, variety and taste. The market is driven by the increasing health consciousness among customers and the varying tastes and preferences of the consumers. The market is also impacted by the economic conditions, consumer preferences and spending patterns, and demographic trends of the consumers.
The leading vendors in the market are -
- Balsu Gida
- Chelmer Foods
- Olam International
- Oregon Hazelnuts
The other prominent vendors in the market are Aydin Kuruyemiş, GEONUTS, Hebo Findik, Pazar Hazelnut Manufacturing & Exporting Company, and Poyraz Tarimsal.
Segmentation by application and analysis of the hazelnut market
- hazelnut-based foods and beverages
- hazelnut oil
During 2016, the hazelnut-based foods and beverages segment dominated the market. Much of this growth can be attributed to the increased usage of hazelnut in different food and beverages like chocolate, bars, and spreads. The demand for these products is rising meteorically consequently increasing the consumption of hazelnuts, triggering the growth of this market.
Segmentation by product type and analysis of the hazelnut market
- Processed hazelnut
- Unprocessed hazelnut
This market study observes that the processed hazelnuts segment dominated the market during 2016 primarily due to the widespread consumption by consumers and foodservice establishments. Processed hazelnuts are available in various forms and are processed to suit the different tastes and preferences of the consumers. Processed hazelnuts are ready to be consumed and are easily accessible to the consumers.
Key questions answered in the report include
- What will the hazelnut market size and growth rate be in 2021?
- What are the key factors driving the global hazelnut market?
- What are the key market trends impacting the growth of the global hazelnut market?
- What are the challenges to market growth?
- Who are the key vendors in the global hazelnut market?
- What are the market opportunities and threats faced by the vendors in the global hazelnut market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global hazelnut market?
Technavio also offers customization on reports based on specific client requirement.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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