What is the Hazelnut Market Size?
The hazelnut market size was valued at USD 9.5 billion in 2025 and is projected to reach USD 10.2 billion in 2026 and USD 16.8 billion by 2034, growing at a CAGR of 6.50% during the forecast period (2026-2034) as per Straits Research Analysis.
Key Market Insights
- Europe dominated the hazelnut market with the largest share of 58% in 2025.
- Asia Pacific is expected to be the fastest-growing region during the forecast period at a CAGR of 8%.
- By product, the processed hazelnuts segment accounted for the largest market share in 2025.
- By form, the roasted hazelnuts segment accounted for the largest market share in 2025.
- By end use, the confectionery and chocolate industry held the largest share in 2025.
- The US hazelnut market was valued at USD 0.9 billion in 2025 and is projected to reach USD 1.0 billion by 2026.
Market Summary
| Market Metric |
Details & Data (2025-2034) |
| 2025 Market Valuation |
USD 9.5 billion |
| Estimated 2026 Value |
USD 10.2 billion |
| Projected 2034 Value |
USD 16.8 billion |
| CAGR (2026-2034) |
6.50% |
| Dominant Region |
Europe |
| Fastest Growing Region |
Asia Pacific |
|
Key Market Players
|
Ferrero Group, Olam International Limited, Barry Callebaut AG, Balsu Gıda, Gürsoy Tarımsal Ürünler
|
What are the Existing Trends in the Hazelnut Market?
- Food manufacturers are using hazelnuts in plant-based milk, spreads, protein snacks, and desserts to provide a creamy texture and act as a natural sweetener without an artificial additive. As many people are switching to vegan diets due to lactose intolerance, the consumption of hazelnut milk and butter is becoming common.
- Large confectionery manufacturers of chocolate spreads, pralines, chocolate bars, and baker fillings are opting for hazelnuts due to their consistent taste, oil content, and roasting quality. They engage in direct sourcing to avoid price volatility.
- Hazelnut production is concentrated in a few countries, such as Turkey and Italy as they require unique climate and soil conditions. As a result, sourcing stability and long-term procurement strategies have become a structural market trend in the hazelnut industry.
- Companies are integrating sustainably sourced and traceable hazelnuts to ensure ethical labor practices and a stable long-term supply. Certified hazelnuts are becoming a preferred ingredient, which helps in building brand trust and premium positioning.
What are the Key Drivers in the Hazelnut Market?
- Increasing chocolate consumption directly leads to higher industrial demand for hazelnuts, as they are a core ingredient in spreads, pralines, and premium bars. As confectionery production expands, the manufacturers also produce larger volumes of kernels and paste to maintain product formulations.
- Rising disposable incomes in emerging markets boost the demand for premium snacks and confectionery containing hazelnuts. As more consumers can afford imported products, the procurement of hazelnuts for large-scale production increases. As per the International Nut & Dried Fruit Council (INC), Asia Pacific is expected to witness an increased demand for nuts in the coming years.
- The growth in premium and artisanal food segments demands high-quality hazelnuts for enhanced taste, texture, and product differentiation. Higher-grade hazelnuts fetch premium prices, which directly boosts the revenues for growers and suppliers.
- The rising retail consumption and product launches of nut-based snacks in the forms of trail mixes and bars directly increase hazelnut procurement.
- The growing use of hazelnut oil and flour in gluten-free, keto, and specialty food drives demand for processed hazelnut derivatives. These ingredients drive higher margins and let manufacturers cater to health-conscious and specialty-diet consumers.
Which Factors are Limiting the Growth of the Hazelnut Market?
- Hazelnut production is highly sensitive to climate, frost, and drought, which affects the yields. This creates a supply volatility, creating a spike in the price and increased costs for processors.
- Any disruption in a highly concentrated yield landscape of hazelnuts can cause price volatility and supply insecurity for processors and manufacturers.
- Widely available cheaper nuts such as almonds, peanuts, and cashews provide alternatives to hazelnuts. Manufacturers may substitute these nuts to lower the production costs that limit hazelnut demand.
- Hazelnut harvesting is labor intensive, which is getting affected by increasing agricultural wages worldwide. Labor protests, epidemic spread, or natural disasters also add to the risk of labor volatility.
- Hazelnut orchards take 3-5 years to mature (Source: Biology Insights), which results in delayed ROI and discourages farmers from investing in such niche crops.
What are the Growth Opportunities for Players in the Hazelnut Market?
- Production of hazelnuts in new climate areas will help lower the dependence on a concentrated geography for procurement. This will result in higher global output and supply stability.
- Traditional hazelnut varieties have limited genetic diversity and yield ceilings. Development of a diverse range of hazelnut varieties will improve plant genetics that have a more climate-resilient nature. As per an article by the International Society for Horticultural Science, interspecific hybrids are allowing expansion of plantings to areas with a less suitable climate, including eastern North America and northeastern China.
- Producers can bank on single-origin and specialty-grade hazelnuts to attract premium pricing, which will lead to higher margins per kilogram.
- Vertical integration lets producers capture more value by selling hazelnut products, such as paste, oil, and flour, which command higher margins than raw nuts. This strengthens supply chain control and opens new revenue streams.
Regional Analysis
- The hazelnut market in Europe had amarket share of 58% in 2025 due to the traditional incorporation of nuts in chocolates, the presence of large processing facilities, and a well-established sweet snack culture, which encourages consumption of hazelnut-based products, such as Nutella and Ferrero Rocher.
- Asia Pacific is expected to be the fastest-growing region in the hazelnut market, owing to expanding plant-based beverage portfolios by companies such as Oatly and Nestle. The market is also driven by higher adoption of Western-style eating habits, inclination toward health-oriented diets rich in vitamin E & antioxidants, and growth in retail channels such as hypermarkets, supermarkets, and e-commerce platforms.
- The North America hazelnut market is driven by consumers’ willingness to switch to dairy and sweetener alternatives for digestion comfort and calorie control. Consumers in this region also rely on functional foods, protein-enriched snacks, and clean-label products that incorporate hazelnuts for their daily nutrition. The region also boasts of research initiatives focusing on hazelnut cultivation and disease resistance. For instance, the Oregon State University Hazelnut Breeding Program has conducted over 200,000 controlled pollinations and released multiple pollinizers.
- The Middle East & Africa region is driven by the increasing preference for nuts in traditional desserts such as baklava and kunafa. A strong culture of gifting premium sweets during religious and social celebrations also increases the consumption of hazelnuts in this region.
- The Latin American market is overseeing a boom in local manufacturing by reducing reliance on imported finished goods. For instance, Grupo Arcor (Argentina) and Grupo Bimbo (Mexico) are processing, blending, and packaging hazelnut products at local facilities. Chile being a major hazelnut producer globally boosts roasting, paste production, and confectionary manufacturing in the region.
What are the Key Segments in the Hazelnut Market?
|
SEGMENT
|
INCLUSION
|
DOMINANT SEGMENT
|
SHARE OF DOMINANT SEGMENT, 2025
|
|
PRODUCT
|
- Shelled Hazelnut
- Hazelnut Paste
|
Shelled Hazelnut
|
XX%
|
|
FORM
|
- Raw Hazelnut
- Roasted Hazelnut
|
Raw Hazelnut
|
XX%
|
|
END USE INDUSTRY
|
- Confectionery Industry
- Dairy Alternative Industry
|
Confectionery Industry
|
XX%
|
|
REGION
|
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
|
Europe
|
58%
|
Competitive Landscape
The global hazelnut market is moderately consolidated with the presence of growers, including independent farmers, agriculture cooperatives, and large orchards. The market supply is led by kernel processing export firms, ingredient manufactures, and confectionary manufacturers. The market also encompasses private-label brands, retailers, and agribusiness players. The intensity of competition among growers is driven by factors such as kernel quality, oil content consistency, supply reliability, and traceability certifications.
List of Key and Emerging Players in Hazelnut Market
- Ferrero Group
- Olam International Limited
- Barry Callebaut AG
- Balsu Gıda
- Gürsoy Tarımsal Ürünler
- Durak Fındık
- Aydın Kuruyemiş Sanayii ve Ticaret A.Ş.
- Apis India
- Northwest Hazelnut Company
- Oregon Hazelnuts
- Mondelēz
- Besler Gıda
- Barista Coffee Company
- Northwest Hazelnut Company
- American Hazelnut Company
- Royal Nut Company
- Gürsoy Tarımsal Ürünler
- Cemre Hazelnut
- AgriNuts LLC
- Borges Agricultural & Industrial Nuts
Latest News on Key and Emerging Players
|
TIMELINE
|
COMPANY
|
DEVELOPMENT
|
|
December 2025
|
Barista Coffee Company
|
The company launched a limited-edition hazelnut menu across 150 Indian outlets, featuring beverages and desserts made with real hazelnuts.
|
|
December 2025
|
Apis India
|
Apis India expanded its spread category with a new chocolate hazelnut spread.
|
|
October 2025
|
Ferrero Group
|
Ferrero Group invested USD 40 million in Chilean plants for new processing facilities and regenerative agricultural manuals.
|
|
September 2025
|
Ferrero Group and WK Kellogg Co.
|
Ferrero acquired WK Kellogg Co., broadening its offerings into breakfast cereals and related categories.
|
|
September 2025
|
Aydın Kuruyemiş Sanayii ve Ticaret A.Ş.
|
The company participated in WorldFood Instanbul.
|
|
September 2025
|
Ferrero Group
|
The company launched a global sustainability campaign tied to responsible sourcing and branding, called Quality at Heart, in France.
|
|
July 2025
|
Mondelēz
|
Mondelēz launched BelVita Duo Crunch Choco Hazelnut.
|
Source: Secondary Research
Report Scope
| Report Metric |
Details |
| Market Size in 2025 |
USD 9.5 billion |
| Market Size in 2026 |
USD 10.2 billion |
| Market Size in 2034 |
USD 16.8 billion |
| CAGR |
6.50% (2026-2034) |
| Base Year for Estimation | 2025 |
| Historical Data | 2022-2024 |
| Forecast Period | 2026-2034 |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
| Segments Covered |
By Product, By Form, By End Use Industry |
| Geographies Covered |
North America, Europe, APAC, Middle East and Africa, LATAM |
| Countries Covered |
US, Canada, UK, Germany, France, Spain, Italy, Russia, Nordic, Benelux, China, Korea, Japan, India, Australia, Taiwan, South East Asia, UAE, Turkey, Saudi Arabia, South Africa, Egypt, Nigeria, Brazil, Mexico, Argentina, Chile, Colombia |
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Hazelnut Market Segments
By Product
-
Shelled Hazelnut
-
Hazelnut Paste
By Form
-
Raw Hazelnut
-
Roasted Hazelnut
By End Use Industry
-
Confectionery Industry
-
Dairy Alternative Industry
By Region
-
North America
-
Europe
-
APAC
-
Middle East and Africa
-
LATAM
Frequently Asked Questions (FAQs)
The hazelnut market size was valued at USD 9.5 billion in 2025 and is projected to reach USD 16.8 billion by 2034, growing at a CAGR of 6.50% during 2026–2034.
Europe accounted for the largest hazelnut market share of 58% in 2025, driven by strong confectionery manufacturing and established nut-processing infrastructure.
The shelled hazelnut segment dominated by product, while raw hazelnuts held the largest share by form in 2025 due to their versatility in industrial processing.
The confectionery industry led the market in 2025, as hazelnuts are a core ingredient in chocolate spreads, pralines, premium bars, and bakery fillings.
Major hazelnut market trends include expansion of plant-based milk and spreads, sustainable sourcing initiatives, direct procurement strategies by chocolate manufacturers, and growth in premium artisanal food products.
Market growth is driven by increasing disposable incomes, rising consumption of chocolate and nut-based snacks, demand for gluten-free and keto ingredients, and expansion of retail and e-commerce channels.
Growth is constrained by climate-sensitive production, supply concentration in countries like Turkey and Italy, price volatility, labor-intensive harvesting, and competition from cheaper nuts such as almonds and peanuts.
Major processors and exporters include Durak Fındık, Besler Gıda, Aydın Kuruyemiş Sanayii ve Ticaret A.Ş., and Borges Agricultural & Industrial Nuts, driven by large-scale kernel processing and international supply networks.
Tejas Zamde
Research Associate
Tejas Zamde is a Research Associate with 2 years of experience in market research. He specializes in analyzing industry trends, assessing competitive landscapes, and providing actionable insights to support strategic business decisions. Tejas’s strong analytical skills and detail-oriented approach help organizations navigate evolving markets, identify growth opportunities, and strengthen their competitive advantage.