888-776-0942 from 8 AM - 10 PM ET

NEW YORK , Oct. 11, 2022 /PRNewswire/ -- The hazelnut market size is expected to grow by USD 2.43 bn during 2026, at a CAGR of 8.9% during the forecast period, according to Technavio. The increased awareness about health and nutrition, increased demand for hazelnut-based foods and beverages, and rising popularity of vegan snacks among Millennials will offer immense growth opportunities.

However, a potential source of allergens, high production costs associated with hazelnuts, and product recalls will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increased awareness about health and nutrition has been instrumental in driving the growth of the market. However, potential sources of allergens might hamper the market growth. Request Free Sample Report.

The processed hazelnut segment's market share will expand significantly. It is anticipated that the rising demand for processed hazelnuts would continue during the projection period. Hazelnuts that have been processed include those that have been blanched, roasted, diced, and powdered to accommodate the varied tastes, preferences, and requirements of end consumers. They are typically in a format that is ready to be consumed and available to the majority of end consumers. The demand for processed hazelnuts is continuing to rise as people consume more snacks. Buy Sample Report.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our hazelnut market report covers the following areas:

This study identifies the growing demand for hazelnut milk as one of the prime reasons driving the hazelnut market growth during the next few years.

We provide a detailed analysis of around 25 vendors operating in the Hazelnut Market, including some of the vendors such as vendors Backed with competitive intelligence and benchmarking, our research reports on the Hazelnut Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.

Poultry Brooders, Feeders, and Waterers Market by Product and Geography - Forecast and Analysis 2022-2026

Soy Flour Market by Application and Geography - Forecast and Analysis 2022-2026

Accelerate at a CAGR of 8.9%

Europe, Middle East and Africa, North America, APAC, and South America

US, Turkey, Italy, Germany, and France

Leading companies, competitive strategies, consumer engagement scope

American Hazelnut Co., Apex Flavors Inc., Bostons Best Coffee Roasters Inc., BlissOfEarth, Arslanturk Agricultural Products, Aydin Kuruyemis Sanayii ve Ticaret A.S., AZERSTAR LLC, Balsu Gida Sanayi Ve Ricaret AS, Chelmer Foods Ltd., E.A. Weber and Co., Ferrero International S.A., Holmquist Hazelnut Orchards LLC, Kanegrade Ltd., McCormick and Co. Inc., Namo Organics, NorthStar LLC, Northwest Hazelnut Co., Olam Group Ltd., Oregon Hazelnuts, and Royal Dry Fruits Pvt. Ltd.

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/

More news releases in similar topics

Cision Distribution 888-776-0942 from 8 AM - 9 PM ET