Global Hazelnut Market: Snapshot
Growing awareness regarding the health benefits of consuming hazelnut is predicted to drive prodigious demand opportunities in the global hazelnut market throughout the forecast period of 2022 to 2030. Hazelnut refers to a type of nut from the Corylus tree.
TMR’s upcoming research report on the global hazelnut market provides comprehensive assessment of diverse important factors driving or restraining the overall market growth. Apart from this, the study sheds light on the challenges and growth opportunities in the market for hazelnut throughout the tenure of 2022 to 2030. Apart from this, the study covers data on competitive landscape, demand–supply ration, and key regions of the global hazelnut market.
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Global Hazelnut Market: Growth Dynamics
Hazelnuts is considered rich source of many vitamins including B, E, and K. In addition to this, it is also known for providing proteins, minerals, and good fats. This aside, hazelnuts have low sodium contents and hold ability to lower the cholesterol levels. As a result, they are gaining traction across majority of vegetarian population pool in the world. This scenario is creating promising sales opportunities in the global hazelnut market.
Hazelnut is increasingly consumed by several people to achieve weight loss. Apart from this, the growing utilization of hazelnuts in the treatment of diverse health issues including celiac disease is projected to stimulate promising sales opportunities in the global hazelnut market.
With increasing awareness about the health benefits of hazelnut, major population from all across the globe is growing its consumption in various forms. To capitalize this trend, many companies engaged in the production of confectionaries are incorporating hazelnut in their products. Thus, the global hazelnut market is likely to experience remarkable sales opportunities on the back of growing demand from the manufacturers of chocolates, spreads, and other food products.
In recent few years, the disposable income of major population across the globe is improved. As a result, this population pool is ready to spend more money on premium quality food products. This scenario has created promising demand opportunities for manufacturers of dry fruits infused confectionaries. On the back of this factor, the global hazelnut market is projected to gather lucrative avenues in the forthcoming years.
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Global Hazelnut Market: Competitive Analysis
The global hazelnut market experiences presence of many active players. As a result, the competitive landscape of the market for hazelnut seems to be extremely intense. To gain competitive edge in this scenario, enterprises working in this market are using several strategies.
Many players operating in the global hazelnut market are growing focus toward strengthening their production capabilities. Apart from this, several enterprises from the global market for hazelnut are increasing efforts toward providing high quality products. All these factors denote that the global hazelnut market will show growth at prodigious pace in the forthcoming years.
The list of key players in the global hazelnut market includes:
- Kanegrade Limited
- Barry Callebaut AG
- Durak Findik
- Oregon Hazelnuts
- Gursoy Tarimsal Urunler Gida Sanayii Ve Ticaret A.S.
- Geonuts Limited
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Global Hazelnut Market: Regional Assessment
On regional front, the hazelnut market predicted to show prominent expansion avenues in Europe. One of the important factors driving the growth of the European market is increased demand for hazelnut from the companies engaged in the production of chocolates. The Europe hazelnut market is likely to maintain its dominant position throughout the assessment period 2022–2030.