Hazelnut Market Trends & Summary
Market Overview
The global hazelnut market was valued at approximately US$ 8.98 billion in 2024 and is projected to reach US$ 19.15 billion by 2033, growing at a compound annual growth rate (CAGR) of 8.78% from 2025 to 2033. This growth is driven by several key factors, including the increasing demand for hazelnut-based products, growing consumer awareness of healthy eating habits, and a rise in demand for hazelnuts across various food applications, particularly in confectionery.
Hazelnuts are highly valued for their rich flavor, nutritional profile, and versatility. They are consumed in multiple formsβraw, roasted, and as ingredients in food items such as spreads, oils, and baked goods. As health-conscious consumers turn to nutrient-dense foods, hazelnuts, rich in healthy fats, protein, fiber, and antioxidants, are becoming a popular choice.
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Hazelnut Market Product Segmentation
The market is categorized into several product types, including:
- Whole Hazelnuts
- Hazelnut Paste
- Hazelnut Oil
- Other Hazelnut Products
Each product type serves a specific role in food, beverage, and cosmetics industries, contributing to the diverse applications and strong demand for hazelnuts globally.
Hazelnut Market Application Segmentation
Hazelnuts are used in various industries:
- Food & Beverage: Confectionery, bakery products, spreads, dairy alternatives, and culinary oils.
- Cosmetics & Personal Care: Hazelnut oil, due to its antioxidant and skin-nourishing properties, is used in skincare products.
- Pharmaceuticals: As a source of antioxidants and healthy fats, hazelnuts are incorporated into functional foods and dietary supplements.
- Others: Includes various niche applications in gourmet and artisanal products.
Key Growth Drivers in the Hazelnut Market
- Increased Demand for Nut-Based Products
As consumers turn to healthier alternatives, products such as hazelnut spreads, plant-based milks, and snacks are experiencing increased demand. Hazelnutsβ rich nutritional profile, including healthy fats, antioxidants, and protein, aligns well with the growing trend of plant-based and functional foods. - Rising Applications in Food & Beverages
The versatility of hazelnuts makes them popular across various food segments, particularly in gourmet and artisanal products. They are widely used in chocolates, baked goods, snacks, and beverages, contributing to their increasing market visibility. Innovations in product formulations, such as hazelnut-based desserts and snacks, further boost their demand. - Health and Wellness Trends
With the global focus on health, hazelnuts are becoming a key ingredient in functional foods due to their heart-healthy fats, fiber, and antioxidants. Clean label products and organic hazelnut-based foods are in high demand, especially among health-conscious consumers.
Regional Hazelnut Market Insights
- North America
The U.S. and Canada are significant markets for hazelnuts, with widespread use in chocolates, spreads, and bakery products. The increasing awareness of hazelnutsβ health benefits and growing demand for plant-based and natural ingredients further support market growth. In January 2023, ProV Foods introduced a new product line called ProV Minis, adding to the diversity of hazelnut-based products available in the region. - Europe
Europe, particularly Turkey, Italy, and France, remains a dominant player in the hazelnut market. Hazelnuts are essential in confectionery, bakery, and snack products. Innovations and increasing consumer demand for premium and functional foods continue to fuel the European market’s growth. In August 2024, Ferrero introduced vegan versions of Nutella and Hanuta in the German market, further expanding hazelnut-based offerings. - Asia-Pacific
The hazelnut market in Asia-Pacific is experiencing rapid growth, driven by rising disposable income and increased awareness of the health benefits of hazelnuts. China, Japan, and India are significant markets where hazelnuts are used in premium chocolates, snacks, and bakery products. E-commerce platforms are also boosting accessibility to hazelnut-based products in the region. - Middle East & Africa
The hazelnut market in the UAE and Saudi Arabia is growing due to rising demand for healthy food products, especially in confectionery, snacks, and bakery products. With the growing middle class and a penchant for premium imported goods, hazelnuts are gaining popularity as an ingredient in a variety of food products.
Hazelnut Market Forecast
The hazelnut market is projected to continue its robust growth, with the global market expanding at a CAGR of 8.78% from 2025 to 2033. Innovations in product formulations, the rising popularity of plant-based diets, and the increasing focus on health and wellness will continue to drive market growth across all regions.
Company Analysis
Key players in the hazelnut market include:
- Archer Daniels Midland Company
- Olam International
- Arslanturk S.A.
- Holmquist Hazelnut Orchards, LLC
- DurakFindik
- DeveHerbes
- Azerstar LLC
- American Hazelnut Company
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