Key Trends in the Market
Hazelnut, alternatively called filbert, is obtained from the Corylus tree and is a highly nutritious source of Vitamin B, C and E. It is rich in antioxidants and healthy fats which prevents early ageing, cell damage, and heart disease, and lowers cholesterol levels. It also contains essential micronutrients like magnesium, phosphorus, and potassium which catalyses the rate of metabolism and tissue repair in the human body.- The development of EFB (Eastern Filbert Blight fungus) resistant plants is expected to favour the growth of hybrid hazelnuts on a commercial scale in eastern and northern USA. Prior to this development, the cultivation of hazelnuts suffered adversely in the USA because of cankering and death of young plants by EFB. This will help lower such instances and boost production, aiding the North America hazelnut market growth.
- Hazelnut crops possibly are the future crops of the world because of the myriad of environmental benefits they provide. They can grow on less water, store high amounts of carbon, and control soil erosion in hilly/sloping regions. They require relatively less maintenance than major North American crops and can tolerate short term droughts as well. This is expected to favour the North America hazelnut market demand.
- The production of hazelnuts for obtaining biofuels is one of the key North America hazelnut market trends. Based on the US government estimates, 125 gallons/acre of oil can be derived from hazelnut cultivation in Oregon. This is expected to popularise the cultivation of hazelnut crops as the shift to sustainable energy resources becomes widespread.
Market Segmentation
The report titled “North America hazelnut market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:Market Breakup by Form
- Raw
- Processed
- Oil
Market Breakup by Application
- Food and Beverage
- Pharmaceuticals
- Cosmetics and Personal Care
- Others
Market Breakup by Distribution Channel
- Offline
- Online
Market Breakup by Region
- United States of America
- Canada
Market Share by Application
As per the North America hazelnut market analysis, the cosmetics and personal care industry is expected to make an increasing use of hazelnuts for manufacturing lotions, skin creams, and body oils. Hazelnuts’ natural properties helps in moisturising the skin and protecting it from the harmful rays of the sun. It also reduces wrinkles and fine lines near the eyes and forehead which enables people to look younger. It is helpful in treating acne and boosts the production of collagen which strengthens skin elasticity.The food and beverage industry is expected to remain one of the leading end-users of hazelnuts for manufacturing sandwich spreads and other items. Restaurants and households are expected to increase the use of hazelnuts in their daily salads owing to its healthy properties.
Market Share by Distribution Channel
Online channels are expected to account for a significant North America hazelnut market share due to increasing smartphone penetration and internet accessibility in Canada and the United States. Multiple brands assure timely delivery of natural hazelnuts and high-quality hazelnuts products for consumption. This alternative is more suitable for people who prefer not to visit physical stores for shopping, as online channels provide better discount offers and variety of brands. Their popularity is especially high among the GenZ and millennials who prioritise convenience and ease of shopping online. The increasing safety of online payments and the option of money refunding is also boosting the adoption of online channels.Competitive Landscape
The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America hazelnut market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.Olam Group Limited
Olam Group Limited was founded in 1989 and is headquartered in Singapore. It is one of the world’s leading food and agri-business companies which operates in 60+ countries. It is organised into three business divisions which includes ofi(providing food and beverage ingredients), Olam Agri (leading food, feed, and fibre market), and Remaining Business of Olam Group(providing shared services to other two divisions, among others).American Hazelnut Company
American Hazelnut Company was founded in November 2014 and is headquartered in Kickapoo Culinary Center in Gays Mills, Wisconsin. It purchases in-shell hazelnuts from its network of 24 farmers and converts them into whole kernels, cold presses unfiltered oil, and food packets in its processing facilities. It has also partnered with Upper Midwest Hazelnut Development Initiative to build a sustainable hazelnut industry in Midwest USA.KAYALAR Hazelnut
KAYALAR Hazelnut was founded in 1987 and is headquartered in Turkey. It is engaged in growing, processing, and exporting hazelnuts globally. It is popular for producing Giresun hazelnuts which have been granted PDO (Protected Designation of Origin) status by the European Commission. Besides, its wide product range includes chopped hazelnuts, piccolo hazelnuts, and roasted hazelnuts, among others.Other players in the North American hazelnut market include Ferrero International S.A, George Packing Company, Northwest Hazelnut Company, Wilco/Valley Agronomics LLC, Ken & June’s Hazelnuts, and CZ Holding A.S., among others.
Table of Contents
Companies Mentioned
- Olam Group Limited
- American Hazelnut Company
- KAYALAR Hazelnut