Hazelnut Market Grow with a CAGR of 8.84% through 2029

The global hazelnut market is driven by increasing demand in confectionery, snacks, and bakery industries, growing production, and emerging markets contribute to market growth and innovation

According to TechSci Research report, “Hazelnut Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the global Hazelnut market stood at USD 8.52 billion in 2023 and is expected to grow USD 14.12 billion by 2029 with a CAGR of 8.84% during the forecast period. The global hazelnut market has witnessed steady growth over the past few years, driven by several key factors such as increasing consumer awareness of the health benefits of nuts, growing demand for plant-based and organic products, and the versatility of hazelnuts in various industries. Hazelnuts are considered a nutrient-rich superfood, packed with heart-healthy fats, vitamins, and minerals, which has contributed to their rising popularity among health-conscious consumers. Hazelnuts are used in a wide range of food and beverage products, such as chocolates, spreads, snack bars, ice creams, and dairy alternatives, which further fuels demand across different sectors.

The market is dominated by the production of hazelnuts in countries such as Turkey, Italy, Spain, and the United States, with Turkey being the largest producer and exporter. Turkish hazelnuts are known for their high quality, and the country accounts for around 70% of the global production. Other key players in the global hazelnut market include Italy, which is famous for its high-quality hazelnut varieties used in premium chocolate products, and Spain, where the growing demand for hazelnuts is being driven by an increase in food production and export to various regions. The United States also has a growing hazelnut industry, with the state of Oregon leading the production in North America.

The demand for hazelnuts is also influenced by their versatility in various culinary applications. They are widely used in the food and beverage industry for products such as hazelnut-flavored coffee, hazelnut creams, bakery goods, and candy. The increasing consumption of hazelnut-based spreads, particularly the well-known Nutella, has contributed to the growing popularity of hazelnuts worldwide. Furthermore, hazelnuts are an essential ingredient in several premium and artisanal chocolate products, with many luxury chocolate brands incorporating hazelnuts into their recipes due to their unique flavor and texture. As consumers seek higher-quality products and healthier alternatives to traditional snacks, hazelnuts have become a sought-after ingredient in confectionery and snacks.

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The global Hazelnut market is segmented into product type, application, and region.

Based on the application, the Cosmetics & Personal Care segment is the fastest-growing segment in the global hazelnut market, driven by the increasing demand for natural, organic, and nourishing ingredients in beauty products. Hazelnuts, rich in antioxidants, vitamins, and essential fatty acids, are being incorporated into skincare and haircare products due to their moisturizing, anti-aging, and soothing properties. As consumers shift towards clean-label products with plant-based ingredients, hazelnuts are gaining popularity in formulations like creams, lotions, oils, and serums. This trend is further supported by growing awareness of the benefits of hazelnuts for skin health, contributing to market growth in this sector.

Based on the region, Asia Pacific is the fastest-growing region in the global hazelnut market, driven by increasing consumer demand for healthy snacks, plant-based products, and premium food items. Rising disposable incomes, urbanization, and a growing middle class are contributing to greater consumption of hazelnut-based products, such as spreads, snacks, and beverages. Additionally, the region's expanding food and beverage industry is incorporating hazelnuts into a wide range of products, catering to both traditional and modern consumer preferences. As health consciousness increases and Western food trends gain popularity, the Asia Pacific market is expected to see significant growth in hazelnut consumption.

Major companies operating in the global Hazelnut market are:

• Gürsoy A.Ş. 
• Ferrero International S.A.
• Olam Group Limited
• Holmquist Hazelnut Orchards, LLC
• Durak Findik Sanayi VE Ticaret A.S.
• Azerstar LLC
• American Hazelnut Company
• NW Hazelnut Company
• Barry Callebaut AG
• Chelmer Foods Limited

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“The demand for plant-based and dairy-free products is another significant driver of growth in the global hazelnut market. As more consumers adopt vegan, gluten-free, and dairy-free lifestyles, the use of hazelnuts in non-dairy alternatives, such as hazelnut milk, has gained popularity. The health-conscious shift towards plant-based diets, combined with the increasing awareness of the environmental impact of animal-based products, has created opportunities for hazelnut producers to meet the needs of a growing consumer base looking for nutritious, plant-based food options. Hazelnut-based beverages, such as hazelnut-flavored milk, have become key players in the plant-based dairy alternative market, competing with other nut-based drinks like almond and cashew milk,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

"Hazelnut Market – Global Industry Size, Share, Trends, Opportunity and Forecast, By Product Type (Whole Hazelnut, Hazelnut Oil, Hazelnut Flour, Hazelnut Paste, Others), By Application (Food & Beverage, Cosmetics & Personal Care, Pharmaceuticals, Others), By Region & Competition, 2019-2029F”, has evaluated the future growth potential of global Hazelnut market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Hazelnut market.

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