Global Market Study on Hazelnut: Capturing Evolving Consumer Sentiments for Exotic Ingredients


Hazelnut  Market
  • Published On : Dec-2019 |
  • Pages : 350 Pages |
  • Format : Hazelnut  Market Hazelnut  Market Hazelnut  Market Hazelnut  Market

Hazelnut Market Thrives on Back of Diverse Application Range

Hazelnuts have a high nutritional quotient and is enriched with vitamins B, E, and K. Along with these vitamins, hazelnut provides minerals, good fats, and proteins, which makes it a viable ingredient in vegetarian products. It also contains low sodium and can lower cholesterol levels. Consumption of hazelnuts is considered as one of the natural remedies for alleviation of various human health issues such as celiac disease. Additionally, can be used to aid in weight loss.

These properties make it a versatile ingredient with many applications in a wide range of industries. For instance, a large amount of hazelnut is used in food as well as beverage applications, and is used in powdered, whitened, sliced, pureed, and minced forms. Hazelnuts are used as side ingredients for preparation of various confectioneries, bakery products, frozen desserts, salads, and meals.

Hazelnut oil is already being used in the hair care products and as a carrier oil for the aromatherapy or massage oils. The hazelnut oil can also be used as the skin care product as it contains the essential fatty acids and vitamins which are considered as the skin nourishing elements and they protect again sun damage, and increases the collagen production. For instance, the hazelnut is used in the production of various cosmetics such as lotions, massage oils, creams, facial oil, and soaps owing to the presence of essential skin care ingredients.

global hazelnut market

Increasing Investments in Enhanced Hazelnut Production Capacity

In recent years, the chocolate industry has emerged as the largest consumer of hazelnut. Nonetheless, the global gap between demand and supply in hazelnut production will have a negative impact on the businesses of leading chocolate companies, including Ferrero, Nestlé, and Cadbury. For instance, in 2014, the yield of hazelnut was affected due to climate volatility, which saw decline in productivity, which ultimately affected these large businesses globally. The prices of hazelnut have increased approximately by more than 60% in the last decade as a result of limited supply. This creates an urgent need for confectioners to find alternatives to hazelnut.

However, confectioners are investing in increasing the production of hazelnut to reduce scarcity. Additionally, this allows them to maintain the quality and ensure smooth supply of hazelnut required for production of their most popular confectionary products.

  • In 2016, Agri Australis, the Australian local arm of Italian food giant Ferrero Group, invested US$ 70 Mn into hazelnut production project situated in the Riverina, Australia.
  • Ferrero Group, a leading confectionery food company, invested US$ 119 Mn into a hazelnut production project in Turkey, to ensure high-quality and continuous supply of hazelnuts.
  • Mondelez International, a leading food company, invested US$ 25 Mn for the expansion of the production capacity of its Turkey plant by 20%.

Hazelnut Producers to Leverage Consumers’ Willingness to Pay a Premium for Exotic Ingredients

Emerging economies in the South Asian and East Asian regions are anticipated to experience high growth rate with regard to the global hazelnut market in 2019, as well as in the foreseeable future. Increasing disposable incomes and urbanization are factors driving the growth of the hazelnut market in these regions. Consumers are willing to pay premium prices for exotic products such as frozen and confectionery products. Increasing consumers' inclination towards products containing exotic ingredients such as hazelnut, including ice cream and chocolates, is expected to benefit manufacturers in the South Asia and East Asia regions.

Increasing usage of hazelnut in various cosmetic products is promoting the growth of the global hazelnut market. North America and Europe together hold the maximum share in the cosmetic industry, as well as in terms of hazelnut consumption. The flourishing cosmetic industry in these regions is also expected to boost the demand for hazelnut over the forecast period. Demand for hazelnut is increasing in various end-use industries, and is benefiting manufacturers associated with the global hazelnut market. However, uncertainties in climatic conditions are restricting the hazelnut market from reaching its full potential.

Analyst’s Viewpoint

The global hazelnut market is witnessing substantial growth in emerging economies of South Asia and East Asia region over the forecast period. Increasing use of hazelnut for production of innovative products in different industries is anticipated to provide a boost to the growth of the global hazelnut market. Leading manufacturers in the global hazelnut market have strategically invested in leading hazelnut producing countries with an aim to increase production yield. This allows manufacturers to ensure that the quality of their hazelnut-infused product is maintained. Leading market players also focus on strategic acquisitions to increase the production capacities of their units, and to improve their value chain in the global hazelnut market. However, the impact of changing global climatic conditions is expected to affect the growth of the global hazelnut market.

The latest market report by Persistence Market Research on the global hazelnut market evaluates opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global hazelnut market during the forecast period of 2019-2029. The report provides a detailed assessment of key market dynamics and comprehensive information about the structure of the global hazelnut market. This market study contains exclusive insights into how the global hazelnut market is anticipated to grow during the forecast period.

The primary objective of the global hazelnut market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with hazelnut. It is important to consider that in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for the overall forecast, enabling readers to better understand the analysis and evaluation of the global hazelnut market, and to discover lucrative opportunities.

This study on the global hazelnut market also provides an estimate of the global hazelnut market size, and corresponding revenue forecast carried out in terms of absolute $ opportunity. It offers actionable insights based on future trends in the global hazelnut market. Furthermore, new and emerging players in the global hazelnut market can use the information presented in the study to make effective business decisions, which will provide momentum to their businesses, as well as contribute to the growth of the hazelnut market.

This study is relevant for manufacturers, suppliers, distributors, and investors in the global hazelnut market. All stakeholders in the global hazelnut market, as well as investors, industry experts, researchers, journalists, and business researchers can leverage the information and data presented in PMR’s study.

Key Segments of Global Hazelnut Market

PMR’s study on the global hazelnut market offers information divided into four important segments- type, form, application, and region.

Form

Application

Distribution Channel

Region

Raw

Food & Beverage

  • Confectionary
  • Bakery
  • Frozen Desserts
  • Coffee
  • Liquors
  • Others

Business to Business

North America

Processed

Pharmaceutical

Business to Consumer

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Online Retail

Latin America

Oil

Cosmetics & Personal Care

Europe

South Asia

East Asia

Oceania

Middle East & Africa

Key Questions Answered in PMR’s Global Hazelnut Market

  • Which region will hold the highest market share in the global hazelnut market during the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global hazelnut market?
  • Which are the global trends impacting the hazelnut market?
  • What strategies must the emerging players adopt to capture opportunities in various regions in the hazelnut market?
  • What is the structure of the global hazelnut market?

Global Hazelnut Market: Research Methodology

PMR is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology in the deduction of data included in its reports. A unique research methodology is utilized to conduct extensive research on the global hazelnut market, and to reach conclusions about the future growth factors of the global hazelnut market. The research methodology uses primary research methods, coupled with the secondary research methods, which ensure the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions, i.e. North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a global level to create global market measurements. Our main sources of research include:

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Research

Companies covered in Hazelnut Market Report

  • Olam International
  • Ferrero International S.A. 
  • Barry Callebaut AG 
  • Kanegrade Limited 
  • Arslantürk 
  • Karimex
  • Oregon Hazelnuts 
  • Durak Findik 
  • Geonuts Limited 
  • Gursoy Tarimsal Urunler Gida Sanayii Ve Ticaret A.S. 

 

Back To Top