Hazelnut Market Trends & Summary
The hazelnut market is expected to grow from US$ 8.98 billion in 2024 to US$ 19.15 billion by 2033, with a CAGR of 8.78% from 2025 to 2033.
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Key Drivers
- Increasing demand for nut-based products and healthy snacks
- Growing applications in food and beverages, such as confectionery, baked goods, and dairy alternatives
- Rising health and wellness trends, with hazelnuts being a rich source of vitamins, antioxidants, and healthy fats
Market Segments
- Product: Whole Hazelnut, Hazelnut Paste, Hazelnut Oil, Others
- Application: Food & Beverage, Cosmetics & Personal Care, Pharmaceuticals, Others
- Countries: North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Regional Insights
- North America: The United States and Canada are key markets, driven by demand for healthy and versatile food ingredients
- Europe: Germany, France, and Italy are major consumer markets, driven by strong demand from the food, beverage, and confectionery industries
- Asia Pacific: China, Japan, and India are driving growth, driven by increasing demand for premium chocolates, snacks, and bakery products
- Latin America: Brazil, Mexico, and Argentina are key markets, driven by growing demand for healthy and nutritious food options
Key Players
- Archer Daniels Midland Company
- Olam International
- Arslanturk S.A.
- Holmquist Hazelnut Orchards, LLC
- DurakFindik
- DeveHerbes
- Azerstar LLC
- American Hazelnut Company
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