Hazelnuts are the nuts obtained from the hazel tree and can be found whole, raw, ground, sliced, or roasted. Hazelnuts are used primarily as a snack or added to baked goods. According to the International Nut and Dried Fruit Council, Hazelnut production has shown a rise in growth of 21% in 2021 and is estimated to increase between 1% to 5% in the upcoming years. Hazelnuts add taste and flavor to the chocolate truffles and are ground into flour for biscuits, and cakes.
Major Key Players for Hazelnut Market:
Balsu Gida (Turkey), Chelmer Foods (North Essex), Kane grade (U.K),Olam International (Singapore),Oregon Hazelnuts (U.S.),Aydin Kuruyemis (Istanbul),GEONUTS (Georgia),Poyraz Tarimsal (Istanbul),Barry Callebaut AG (Switzerland),Arslantürk (Turkey),Karimex (Brazil),Gursoy Tarimsal Urunler Gida (Turkey),Fruits of Turkey (Turkey),BATA Food (Turkey),Durak Findik (Turkey), and other major players.
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The latest research on the Hazelnut market provides a comprehensive overview of the market for the years 2023-2030. It gives a comprehensive picture of the global Hazelnut industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Hazelnut market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Hazelnut Market Segmentation:
By Type
- Processed Hazelnuts
- Unprocessed Hazelnuts
By Application
- Hazelnut-based Foods & Beverages
- Hazelnut Oil
- Pharmaceutical
- Cosmetics
By Distribution Channel
- Online
- Offline
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Market Dynamics And Factors In Hazelnut Market
Key Market Drivers:
Enormous Demand from the Chocolate Industry
Key Market Restraints:
Uncertainty in Climatic Conditions
Key Opportunities:
Lucrative Opportunity for Premium Products and Exotic Ingredients in the Urban Population
Geographic Segment Covered in the Report:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Covid-19 Impact Analysis On Hazelnut Market
The COVID-19 pandemic had a strong impact on numerous agriculture and food industries. However, due to the sudden emergence of the virus, the population all around the world began to opt for healthy and safe food products, which boosted the development of the hazelnut market in the post covid era. Further, with the impact of COVID-19, there has been an inclination toward fruits, nuts, etc., which increased the sales of hazelnut products. The Hazelnut market is quickly reaching its pre-COVID levels and a steady growth rate is forecasted in the upcoming years, fuelled by the economic revival in the developing nations. However, unprecedented things due to more virus waves are expected to slow the production.
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