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.
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.
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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.
The
report also discloses that the world’s leading foodmakers will
collectively be the largest end-users 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.
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