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The Hazelnut Industry was valued at USD 11.88 billion in 2024 and is projected to reach approximately USD 23.15 billion by 2032, expanding at a CAGR of 8.7% during the forecast period 2025-2032. Hazelnuts, also referred to as filberts, are highly valued for their rich nutritional profile, comprising healthy fats, protein, fiber, and essential micronutrients such as Vitamin E and magnesium. Their versatility across the food and beverage, cosmetics, and pharmaceutical industries has cemented hazelnuts as a key commodity in global trade.
Market Overview:
Hazelnut is a type of nut which contains oil, protein, and fiber. It is a source of omega-3 fatty acids that have several heart-healthy benefits and it will reduce the risk of cardiovascular disease. Rising awareness about various health benefits offered by hazelnut and wide usage of hazelnut in food&beverage, cosmetic & personal care, pharmaceutical, and dietary supplements industries are expected to grow the Hazelnut market over the forecast period. Furthermore, Hazelnuts are consumed all over the world for making dairy, bakery, candy, and chocolate products. Approx 80% of the world's hazelnut production is used in the chocolate sector, 15% in making cake, biscuits & sweets, and 5% in marketing as appetizers.
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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. A rising number of food companies have started to make their versions of this spread, which is currently available in the majority of supermarkets.
Health benefits associated with Hazelnut
Hazelnut oil is used for cosmetics and personal care products
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The hazelnut market is segmented across various categories:
by Type
Whole Hazelnut
Hazelnut Paste
Hazelnut Flour
Hazelnut Oil
by Form
Roasted
Unroasted
by Application
Personal Care & Cosmetics
Pharmaceutical Industry
Food & Beverages
Others
by Distribution Channel
Online
Offline
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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.
Key Players are
Asia Pacific
1. Karimex Nuts Pvt Ltd (India)
2. Hazelz New Zealand Ltd (New Zealand)
North America
1. American Hazelnut Company (United States)
2. Holmquist Hazelnut Orchards, LLC (United States)
3. Northwest Hazelnut Company (United States)
4. The Hazelnut Company Division, Ferrero (United States)
5. Archer Daniels Midland Company (United States)
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