Data Bridge Market Research analyses that the market is expected to reach USD 2,311.17 million by 2027 and is growing with the highest CAGR of 8.9% in the forecast period of 2020 to 2027.
HAZELNUT MARKET analysis report is the comprehensive background analysis of the FOOD & BEVERAGE industry, which includes an assessment of the parental market. With the global market data provided in the report, it has become easy to gain global perspective for the international business. The market report also contains the drivers and restraints for the HAZELNUT MARKET that are derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, mergers and acquisitions by the several key players and brands that are driving the market are by systemic company profiles.
Hazelnut Market Scope & Size:
Hazelnut market is segmented on the basis of form, category, shape, origin, packaging, application and distribution channel.
On the basis of form, the market is segmented into whole/in-shell hazelnut, natural hazelnut, diced hazelnut, paste hazelnut, blanched hazelnut, roasted hazelnut, sliced hazelnut, hazelnut oil, hazelnut meal, and others. In 2020, whole/in-shell hazelnut form has dominated the market because the consumption of the hazelnut for industrial application is mainly in their whole form. For instance, the overall supply of the in shell hazelnut in China is approximately 9000 metric tons.
On the basis of category, the market is segmented into organic and conventional. In 2020, the conventional segment has dominated the market as majority of the growers develop the hazelnut with synthetic growing method and their cost effectiveness has led their dominance.
On the basis of shape, the market is segmented into round kernels, almond kernels, pointed kernels and others. In 2020, the round kernels shape segment has obtained the highest market share as filberts and their consumption in Asia is one of the major factors driving their growth.
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Some of the key questions answered in this report:
How has the Hazelnut Market performed so far and how will it perform in the coming years?
What has been the impact of COVID-16.8 on the Hazelnut Market?
What are the key regional markets?
What is the breakup of the market based on the procedure?
What is the breakup of the market based on the injury location?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Hazelnut Market and who are the key players?
What is the degree of competition in the industry?
Market Analysis and Insight: Hazelnut Market
Hazelnut is the nut of the hazel that is derived from the species of the genus corylus, mainly from the nuts of the species corylusavellana. Hazelnut is a type of nut which can be consumed as a snack and also with numerous health benefits such as it is good for heart, helps in reducing the risk of cancer, and aid in muscle, skin, bone, joint and digestive health.
The rising demand for hazelnuts in wide industrial applications is accelerating the use of hazelnuts products which drives the market growth. Allergies associated with hazelnut are acting as a restrain for the market. Increased awareness about health and nutrition is creating an opportunity for the market. Easy availability of hazelnuts substitutes is acting as a challenge for the hazelnuts market. Some of the factors which hamper the demand of the market are high cost of hazelnut end products.
Hazelnut Market - Regional Level Analysis
The countries covered in Asia-Pacific hazelnut market report are China, Australia, Vietnam, Japan, India, New Zealand, Malaysia, South Korea, Singapore, Thailand, Indonesia, Philippines, and rest of Asia-Pacific.
In Asia-Pacific region, the China market is leading the growth due to the high consumption of natural hazelnut kernels in food service sectors and the high preference of flavors have led their growth into the region.
Hazelnut Market - Share Analysis:
Hazelnut market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Asia-Pacific hazelnut market.
Key player - Hazelnut Market
The major players covered in the Asia-Pacific hazelnut market report are
Ferrero
ADM
Karin Gida
Olam International and BALSU among other domestic players.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Hazelnut Market Share by Product & Procedure type
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