​The Hazelnut Industry is experiencing robust growth, driven by increasing consumer awareness of health benefits and the widespread use of hazelnuts in various industries.​

Market Overview

• 2023 Market Size: Approximately USD 10.93 billion

• Projected 2030 Size: Nearly USD 19.60 billion

• CAGR (2024–2030): 8.7%​

This growth is fueled by the rising demand for hazelnuts in the food & beverage, cosmetic, pharmaceutical, and dietary supplement industries. Hazelnuts are rich in oil, protein, fiber, and omega-3 fatty acids, contributing to their popularity among health-conscious consumers.

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Key Market Drivers

• Confectionery Industry Demand: Approximately 80% of global hazelnut production is utilized in the chocolate sector, with an additional 15% used in cakes, biscuits, and sweets.​

• Health Benefits: Hazelnuts offer heart-healthy benefits, including reducing the risk of cardiovascular diseases, due to their high content of omega-3 fatty acids.​

• Diverse Applications: Beyond confectionery, hazelnuts are increasingly used in dairy products, bakery items, cosmetics, personal care products, pharmaceuticals, and dietary supplements.​

Regional Insights

• Europe: Leading the market due to high consumption in confectionery and bakery products.​

• Asia-Pacific: Experiencing rapid growth driven by increasing health awareness and demand for natural ingredients.​

• North America: Steady growth attributed to the popularity of hazelnut-based spreads and snacks.

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Key Market Players

• Ferrero Group: The largest consumer of hazelnuts globally, utilizing about 25% of the world’s supply in products like Nutella and Ferrero Rocher.​

• Balsu Gida: A major Turkish producer and exporter, supplying to companies like Ferrero, Nestlé, and Ritter Sport.​

• Loacker: An Italian confectionery company known for its hazelnut-based wafers and chocolates, sourcing hazelnuts from its own farms and partner orchards.​

Future Outlook

The hazelnut market is poised for continued expansion, supported by:​

• Innovations in hazelnut-based products across various industries.​

• Growing consumer preference for plant-based and natural ingredients.​

• Sustainable farming practices and supply chain enhancements.​

Companies focusing on quality, sustainability, and product diversification are expected to gain a competitive edge in this evolving market.