Hazelnut Market Trends 2024 | Growth, Share, Size and Future Scope 2032
IMARC Group's report titled "Hazelnut Market Report by Type (Whole Hazelnut, Hazelnut Oil, Hazelnut Flour, Hazelnut Paste, and Others), Application (Industrial, Food Service Industry, Household/Retail), and Region 2024-2032". The global hazelnut market size reached USD 17,529.2 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 34,808.1 Million by 2032, exhibiting a growth rate (CAGR) of 7.92% during 2024-2032.
Factors Affecting the Growth of the Hazelnut Industry:
- Growing Consumer Demand:
The growing consumer inclination towards healthy and nutritious snacks is driving an increased demand for hazelnuts. Hazelnuts are esteemed for their abundant nutrient content, which includes essential vitamins, minerals, healthy fats, and antioxidants, thereby establishing them as a superfood for health-conscious individuals. Furthermore, the transition towards healthier dietary choices and the heightened awareness of the advantages of nuts in nutrition have highlighted hazelnuts as an appealing option. They are appreciated for their health benefits, including promoting heart health and mitigating inflammation, as well as their versatility in various culinary uses. Additionally, the rising popularity and frequent inclusion of hazelnuts in everyday diets—whether as a standalone snack, a topping for salads, or an addition to yogurt—are contributing to the growth of the market.
- Expanding Food Industry:
Hazelnuts are increasingly gaining popularity within the food and beverage sector, attributed to their rich flavor and crunchy texture, which render them a highly desirable ingredient across a variety of products. They serve as a fundamental component in the confectionery industry, particularly in chocolates and spreads like Nutella, where they enhance the overall richness and complexity of flavor. Furthermore, their versatility extends to baked goods, where they are utilized in pastries, breads, and cakes, imparting a unique taste and added nutritional benefits. The beverage industry is also embracing hazelnuts, especially in the flavoring of coffee and liqueurs, providing a distinctive tasting experience that contributes to their market growth. This expansion in various sectors, driven by an increasing consumer appetite for diverse and innovative flavors, is significantly propelling the growth of the hazelnut market.
- Technological Advancements:
Technological innovations in agricultural practices are significantly influencing the hazelnut market, with advancements in farming, harvesting, and processing being essential for boosting both productivity and quality. Furthermore, contemporary farming methods, particularly precision agriculture, are utilized to enhance growing conditions, which in turn elevates hazelnut yield and quality, thereby impacting market expansion. In addition, improvements in harvesting technology, including the creation of more effective harvesting machinery, minimize crop damage and loss, resulting in a greater volume of market-ready nuts. Lastly, enhancements in processing techniques are vital for preserving the flavor, freshness, and nutritional integrity of hazelnuts, thereby increasing their attractiveness to both consumers and manufacturers.
Leading Companies Operating in the Global Hazelnut Industry:
- American Hazelnut Company
- Arslanturk S.A.
- Aydin Kuruyemi
- Azerstar LLC
- Barry Callebaut AG
- Chelmer Foods Ltd.
- Eurovanille
- Hazelz New Zealand
- Holmquist Hazelnut Orchards LLC
- Olam International Ltd.
- Oregon Hazelnut Company
Hazelnut Market Report Segmentation:
By Type:
- Whole hazelnut
- Hazelnut oil
- Hazelnut flour
- Hazelnut paste
- Others
Hazelnut flour dominates the market due to its versatility and widespread application in gluten-free baking, catering to the increasing demand for gluten-free products among health-conscious consumers.
By Application:
- Industrial
- Food service industry
- Household/retail
Based on the application, the market has been categorized into industrial, food service industry, and household/retail.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Global Hazelnut Market Trends:
Currently, the hazelnut market is experiencing a surge in demand, largely attributed to the increasing recognition of hazelnuts as a versatile component in a variety of food products, such as chocolates, spreads, and baked goods. Additionally, food manufacturers are consistently innovating to launch new hazelnut-based offerings, including spreads, snacks, and beverages, in response to changing consumer preferences and market trends. Furthermore, the demand for organic, non-GMO, and gluten-free hazelnut products is influencing market dynamics. Manufacturers are responding by providing certified organic and specialty hazelnut items to appeal to specific consumer segments. Moreover, the rise of e-commerce platforms is creating opportunities for hazelnut producers and retailers to expand their reach and stimulate market growth.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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