1. food and drink

Global Hazelnut Market will Amass US$ 12.7 Billion by the
End of 2026
Even though it is characteristically a dry fruit, hazelnut guarantees that its consumers will be
indulging in some mouth-watering treats. Food products & drinks derived from hazelnuts have left a
flavorsome imprint of the taste buds of billions of people in the world. Rising consumption of
chocolate truffles and confectionary products such as Nutella or Ferrero Rocher witnessed across
the globe highlight that the world is less likely to put a stop to its hazelnut intake. In 2016, around
948,876 metric tons of hazelnuts were consumed by individuals, bakeries as well as leading food &
beverage makers in the world. Persistence Market Research estimates that the global hazelnut
market is presently valued at US$ 7,200 Mn, and will soar at 5.9% CAGR to bring in US$ 12,730.6
Mn revenues by the end of 2026.
Compared to other nuts and dry fruits, the global market for hazelnut is still at a nascent stage and
will surge steadily in the years to come. Nutritional content of hazelnut products draws consumers
towards them, who are further satisfied by the savory flavor. Correspondingly, retailers are growing
more inclined towards spiking their dry fruit sales by increasing the presence of such products on the
store shelves. Furthermore, protein-rich hazelnut products are also garnering surplus demand for
being a part of several healthy dietary practices trending across the globe.
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In the report, titled “Hazelnut Market: Global Industry Analysis and Forecast, 2016-2026,” the
global hazelnut consumption has been broken down into two parts of the hazelnut; the kernel and
the shell. In 2016, more than 90,000 metric tons of hazelnut shells were consumed globally,
accounting for less than 1% of global hazelnut revenues. A majority of edible products made from
hazelnuts are produced by extracting the nutritional fillings present in the kernels. By the end of
2026, more than US$ 12,600 Mn worth of hazelnut kernels are being projected to be sold in the
world.
The report reveals that demand for raw hazelnut will keep growing robustly throughout the forecast
period. In the years to come, more individuals are expected to buy raw hazelnuts to experiment with
their culinary skills. By 2026-end, nearly one-third of global hazelnut revenues will be accounted by
sales of raw hazelnuts. However, processed hazelnut products will witness a considerably higher
consumption, revenues from which will be valued at US$ 7,400 Mn by the end of 2026.
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http://www.persistencemarketresearch.com/market-research/hazelnut-market/toc
The report also discloses that the world’s leading foodmakers will collectively be the largest endusers of hazelnuts. More than 80% of global hazelnut revenues will be emanating from
manufacturers of food products such as protein shakes, bars or confectionary items. Besides, the
demand for hazelnut will also gain traction among beverage producers, revenues from which will rise
at an impressive CAGR of 6.4%. And, by the end of 2026, more than US$ 1,000 Mn worth of
hazelnuts will be sold to pharmaceutical companies and manufacturers of cosmetic products.
In terms of consumption, half of world’s hazelnut production is directed to Western Europe.
Presence of multinational food & beverage companies keeps fueling the demand for hazelnuts in
Western European countries. North America’s hazelnut revenues will attribute to over 10% of global
market value, while Japan’s revenue share will steadily rise to 11% by 2026-end. Eastern Europe
will be imposing a consistent 20.1% share on global hazelnut revenues throughout the forecast
period. Meanwhile, the Asia-Pacific excluding Japan (APEJ) region is anticipated to incur rampant
growth in its hazelnut revenues, exhibiting a 7.2% CAGR through 2026.
The report has further profiled leading hazelnut manufacturers in the world, which include, Durak
Findik, Barry Callebaut AG, Karimex, Geonuts Limited, Olam International, Kanegrade Limited,
Oregon Hazelnuts, Arslantürk, Gursoy Tarimsal Urunler Gida Sanayii Ve Ticaret A.S., and Ferrero
International SA.
Browse Complete Report @ http://www.persistencemarketresearch.com/market-
research/hazelnut-market.asp
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