Market Estimation & Definition
The Hazelnut Industry was valued at approximately USD 11.88 billion in 2024 and is forecast to reach nearly USD 23.15 billion by 2032, growing at a CAGR of 8.7% from 2025 to 2032. Hazelnuts, known for their high nutritional value including healthy fats, proteins, dietary fiber, and antioxidants, are widely utilized in confectionery, dairy, bakery, personal care, pharmaceutical, and dietary supplement industries. The market includes various product forms such as whole, processed, in-shell, paste, oil, meal, roasted, and blanched hazelnuts.
Hazelnut Market Report Scope:
The Hazelnut market is segmented based on Type, Form, Application, Distribution Channel, and Region. The growth amongst these segments will help our clients to analyze the industries and provide the users with a valuable market overview and market insights to make strategic decisions for identifying core market applications. The research study provides an in-depth analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. It also includes estimates based on an appropriate set of assumptions and methodologies.
Ask for Sample to Know US Tariff Impacts on Hazelnut Industry @ https://www.maximizemarketresearch.com/request-sample/123229/
Market Dynamics:
Increasing demand from the confectionary Industry.
The sales of Hazelnut are expected to grow owing to the increasing use of chocolates in the confectionary Industry. 90% of hazelnuts consumed are utilized in confectionary as a side ingredient in chocolate, cookies, and sweets. Chocolate manufacturers are introducing signature brands with hazelnut-infused product lines, which are emerging as a flavor innovation in the global confectionery market. Chocolate hazelnut spreads, similar to peanut butter, are becoming increasingly popular.
Health benefits associated with Hazelnut Hazelnuts found in chocolate, coffee, and spreads are beneficial to the skin, hair, and overall health. Hazelnuts are one of the healthiest nuts because they are high in vitamin E. According to studies, eating hazelnuts on a daily basis can help reduce the risk of cardiovascular disease. They also lower cholesterol levels in the body, which improves heart health by lowering the risk of a heart attack. Hazelnuts are also high in oleic acid, which is beneficial to heart health. According to the American Institute of Cancer Research, eating hazelnuts daily reduces the risk of colon cancer in women because the phytochemicals in hazelnuts improve cell survival.
Explore key trends, innovations & market forecasts: https://www.maximizemarketresearch.com/market-report/hazelnut-market/123229/
Segmentation Analysis
The global hazelnut market is segmented based on product form, application, and distribution channel:
By Type, the Hazelnut flour segment held a significant market share in 2024. Hazelnut flour is made from roasted hazelnuts. Many companies offer Hazelnut flour with fine hazelnut powder which is rich in protein and flavor. Its intense nut taste and fine texture are applied to gluten-free pastries, cereals, and smoothies.
By Form, the Roasted Hazelnuts are perfect for snacking on or topping dishes. The main purpose of roasted hazelnuts is to improve the desirable flavor, color, crispness, and crunchy texture of the product. They also added taste to homemade muesli or granola. Roasted hazelnuts without the skin are powdered in a grinder or commercial miller to make powder. These Roasted Hazelnuts powder are typically used to make dressings and butter.
By Application, the food & beverage manufacturers are using around 90% of hazelnuts in the food industry in a roasted, whitened, minced, sliced, powder, and puree form. They are using hazelnuts as a side ingredient for making chocolate, biscuit, sweets, pastries, and ice cream.
Regional Insights
In the Asia Pacific region, the increasing demand for hazelnuts in wide industrial applications is accelerating the use of hazelnut products which drives the market growth during the forecast period.
Turkey accounts for over 70% of global hazelnut production and 80% of global hazelnut exports in 2024. Hazelnuts are a significant source of revenue for many Black Sea Region farmers. Around 400,000 farmers produce hazelnuts on 560,000 hectares in Turkey, generating around 600,000 tonnes of hazelnuts in 2024. Current trends indicate that hazelnut planting areas and production are increasing. Turkey’s hazelnut productivity is lower than that of the other major producers. The Turkish government has not intervened in the hazelnut market in recent years allowing it to run freely. As a result of this liberalization, hazelnut prices on both local and international markets have decreased. Domestic consumption in Turkey, on the other hand, is incredibly low.
Competitor Analysis
1. Olam International
2. Arslanturk S.A.
3. Karimex Nuts
4. Holmquist Hazelnut Orchards, LLC
5. DurakFindik
6.DeveHerbes
7. Azerstar LLC
8. American Hazelnut Company
9. Hazelz New Zealand
10. Northwest Hazelnut Company
11. Hazelnut Company Divison, Ferrero
12. ADM
13. Karin Gıda
14. BALSU
15. Poyraz Poyraz
16. Fındık Entegre San. Tic. A.Ş.
17. URAK FINDIK Ferrero
18. Kanegrade Ltd.
19. GPR
20. Nuts L
Press Release Conclusion
The global hazelnut market is poised for remarkable growth through 2032, driven by health-conscious consumers, product diversification, sustainable sourcing trends, and expanding food and personal care applications. Markets like the United States and Germany are expected to remain pivotal, while emerging economies open new avenues for market participants. With increasing demand for organic, functional, and ethically produced hazelnuts, the market offers lucrative opportunities for both established players and new entrants.
FAQs:
1. Which is the potential market for Hazelnut in terms of the region?
2. What is expected to drive the growth of the Hazelnut market in the forecast period?
3. What was the Global Hazelnut Market size in 2024?
4. What segments are covered in the Hazelnut Market report?
About Us
