Hazelnut is one of the most used in the nut industry. Because of its taste and benefits, the industry of hazelnut has one of the largest growth numbers in the nut industry. Hazelnuts are used extensively in the food, beverage, oil, and cosmetics industries. It comes in chopped, mashed, ground, powdered, and white forms. Much different confectionery, baked goods, frozen desserts, salads, and dinners use it as a condiment. Because it contains key skincare ingredients, it is also used to make a wide variety of beauty products, including lotions, massage oils, creams, facial oils, and soaps. The hazelnut market, valued at $14,944.61 million in 2021, is projected to grow to $29,343.76 million by 2029 at a CAGR of 8.8% between 2022 and 2029, according to Data Bridge Market Research. Expert analysis, import/export analysis, pricing analysis, product consumption analysis, patent analysis, and consumer behavior are all included in market research. The species of Corylusavellana known as hazelnut is also known as hazelnut and cobnut. Hazelnuts are rich in vitamins B, E, and K and have high nutritional value. 
Hazelnuts are a suitable ingredient for vegetarian recipes because, in addition to these vitamins, they also contain minerals, healthy fats, and proteins. Both salt and cholesterol levels are minimal. It has several health benefits, including being a natural treatment for celiac disease and lowering LDL (bad) cholesterol while raising HDL (good) cholesterol. The hazelnut market is expected to have a CAGR of 10% over the expected period (2022-2027). As a result of COVID-19, people tend to eat nutritious diets that include fruits, nuts, and other whole foods. Most healthy eating habits include nuts, which are rich in lipids and have a high energy density. Linoleic acid, unsaturated fatty acids, and protein are found in large amounts in hazelnuts. Compared to other nuts, it has a higher proportion of alpha-tocopherol (vitamin E). Consuming hazelnuts may also help control inflammatory and immune responses. As a result, the demand for hazelnuts is expected to increase in the future. According to studies, eating hazelnuts can lower LDL (bad) cholesterol and increase HDL (good) cholesterol, which increases demand for it. Hazelnuts are a common ingredient in sweets, including cakes, muffins, pralines, chocolate dishes, and baked goods. Numerous companies are entering the market with innovative products and responding to the growing demand for the product. In May 2018, Bühler, the world's largest supplier of nut processing equipment, introduced a new combination of sorting technologies that resulted in natural hazelnut processing systems in Turkey and entered the natural hazelnut market. Turkey holds an estimated 65 percent of the world's hazelnut production. Due to the growing demand for hazelnuts in the chocolate industry, Europe is expected to show the highest CAGR of 7.6% during the forecast period. The market is expected to expand during the forecast period owing to the increasing consumer demand and significant health benefits. 
Hazelnut Industry
Some of the factors driving the growth of the industry during the forecast period are growing consumer demand for hazelnut products due to their pleasant taste, growing demand for various hazelnut essence products, growing consumer preference for organic products, and increasing use of hazelnut extracts in various products. Applications such as pharmaceuticals, food and beverage, and medicinal use of hazelnut beans. The emerging alcoholic beverages and food sector will be important for its ability to enhance the taste and value of a range of food products. In addition, it combines low-calorie content with a range of antioxidants, which will increase demand from the health-conscious population. Increasing profitable opportunities are being fueled by the launch of new food and beverage companies, an increase in demand for organic malt components and extracts, and the growing acceptance of natural flavors. However, the use of artificial items above a certain threshold and established regulations that circumvent the interests of worker safety will prevent the market from expanding. In addition, the market expansion is being hampered by changes in commodity prices, supply shortages, and fewer agricultural technologies. Impact of COVID-19 on hazelnut production The global market demand for products made with natural substances such as COVID-19 has skyrocketed. In this regard, the market for natural hazelnuts has significant development opportunities worldwide, especially for use in functional foods and beverages. Hazelnut production also requires a lot of work, especially during harvest and post-harvest periods. 
As such, they rely on seasonal workers, many of whom are immigrants. This staff is impacted by COVID-19. For example, if the conditions of their temporary stay do not meet high standards of hygiene and social distancing is observed, they may face serious health risks. New development In July 2021, Italian food company Fabulous will launch a range of organic hazelnut and cocoa spreads made from a combination of chickpeas, cocoa, and hazelnuts. Savory Orange Hazelnut and Crunchy Hazelnut are introduced after the original Cocoa Hazelnut. Nocciolata Crunchy, a new hazelnut spread from the Italian company Rigoni di Asiago, will be launched in April 2021. This is an organic hazelnut spread with 22% hazelnuts, made from roasted hazelnut kernels. To trace the hazelnut value chain, Ferrero partnered with Sourcemap in January 2021. Using the Sourcemap platform, Ferrero will be able to collect key information on social and agricultural practices, assess the value chain with data science, and drive productivity improvements. Hazelnut comes from species of the genus Corylus. Hazelnuts are sold unpeeled, whole, diced, sliced, or with ground kernels. The market is segmented geographically. For the purposes of this report, inshell hazelnuts have been considered and the report covers production, consumption, imports, exports, and analysis of price trends in hazelnut markets around the world. The report provides a market valuation and forecast for value (in thousands of US dollars) and volume (in metric tons). 
Demand from the chocolate industry is strong The global confectionery business has witnessed innovation in taste as chocolate makers reintroduce their signature products with a range of products infused with hazelnuts. Like peanut butter, chocolate nut butter is becoming more and more popular. This spread is now sold in most major grocery chains, thanks to a growing number of food companies that have begun producing their versions. Renowned chocolate manufacturer Lindt introduced a chocolate spread containing 40% hazelnuts to the British market in 2018. While the track premiered in the UK, it is expected to be made available in other European countries as well. Similarly, M&M's introduced their Hazelnut Spread Chocolates, which have a beautiful milk chocolate shell with a hazelnut spread core. Hazelnut is the main ingredient in some Ferrero brands such as Nutella, Ferrero Rocher, and Kinder Bueno. 25% of the world's hazelnuts are used to make Ferrero products. With the Nutella raids, fan-led World Nutella Day, and the opening of Nutella bars in the United States, Nutella has become a global food craze. Growing demand for hazelnuts from industries serving growing global consumer demand is a result of Nutella's growing popularity. Demand for hazelnuts is on the rise as chocolate makers are re-launching their products for the holiday season, combining traditional and western styles, typically with luxury nuts embedded in the chocolate. 
Industry Growth
The growth of this industry is studied and as mentioned, information and trends are given regarding their size by country, species, category, shape, origin, packaging, usage, and marketing channels. The United States, Canada, and Mexico are included in the list of North American countries covered by hazelnut industry growth reports, as well as Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Poland, Sweden, and Denmark, Russia, Italy, and Spain. Turkey, the Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Hong Kong, Philippines, New Zealand, Taiwan, Rest of Asia Pacific (APAC) in the Asia Pacific (APAC), Saudi Arabia. The hazelnut sector sees the Asia Pacific as the most attractive market due to its huge growth potential. The expansion of the food and beverage sector is one of the main reasons behind the growth of the hazelnut market in the Asia Pacific. During the forecast period, the hazelnut market will be driven by the growing demand from developing countries like China, India, and Indonesia. The Asia-Pacific region is expected to remain the most important region in terms of volume. Additionally, the hazelnut business is thriving in North America due to increased consumer health awareness and demand for natural products. The national part of the study also lists market-specific elements and changes in market regulation that affect the current and future development of the market. Data points such as technical trends, Porter's five forces analysis, case studies, and upstream and downstream value chain analysis are just a few of the metrics used to predict the market environment in specific countries. Providing a predictive analysis of country data considers the presence and accessibility of international brands, as well as the difficulties they face due to strong or minimal competition from the effects of domestic tariffs, trade channels, and regional and local brands. 
The competitive environment in the hazelnut market provides information about competitors. Company financial performance, revenue generated, market potential, R&D investments, new market initiatives, global footprint, manufacturing locations and facilities, manufacturing capacity, company strengths and weaknesses, product launch, product breadth and breadth, and application dominance. included. The above information relates exclusively to the company's focus on the hazelnut market. For data gathering and base year analysis, high sample size data collection modules are used. The phase involves gathering market data or related data using various sources and tactics. It includes viewing and organizing all the information gathered during the previous action. It also includes examining discrepancies in information found in different information sources. Market statistical and coherent models are used to evaluate and evaluate market data. Market share analysis and key trend analysis are also important success factors in market research. Please submit an inquiry or have an analyst call you if you would like to know more. Data triangulation which includes data mining, the market impact analysis of data factors, and primary (industry experts) validation is the main research approach of the DBMR research team. 
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