DUBLIN, May. 08, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Hazelnut Market 2017-2021" report to their offering.
The global hazelnut market to grow at a CAGR of 6.76% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global hazelnut market for 2017-2021. To calculate the market size, the report analyzes business dimensions with an eye on individual growth trends and contribution of upcoming market segments. The report also includes a discussion of the key vendors operating in this market.
One trend in market is growing demand for hazelnut milk. Hazelnut milk has a mild, sweet, and nutty taste and contains vitamins B1, B2, B6, and E, antioxidants, proteins, and low fat content. It is gluten-free, soy-free, and does not have a high lactose content. It also helps to prevent anemia, cancer, and heart diseases. It is considered as an alternative to dairy milk and can be used with cereals or as a hot beverage.
According to the report, one driver in market is increased awareness about health and nutrition. Hazelnuts are rich in vitamins, folate, protein, and antioxidants. Folate is beneficial for pregnant women to prevent neural defects in babies. Antioxidants help to fight diseases like cancer and diabetes. Beta-sitosterol present in hazelnuts kills the cancer cell responsible for causing breast cancer. Due to the presence of manganese, vitamin E, and thiamine, hazelnuts help to improve brain function and reduces the chances of any degenerative disease. It helps to control cholesterol and cardiovascular diseases. The consumption of hazelnuts is also good for muscles, bones, and skin.
Further, the report states that one challenges in market is effect of natural conditions. Wide applications of the hazelnuts have increased the demand for hazelnuts in the market, but bad weather conditions have affected the production of the hazelnuts in past few years. Shortage of hazelnuts has increased the price and affordability issues among the end-users. The production of hazelnuts has reduced year on year from 2012 to 2014.
In 2014, Turkey was affected by adverse weather conditions during winter, frosts during spring, followed by drought conditions. The production of hazelnuts was severely affected, leading to an increase in prices. In order to combat this, companies had to reduce hazelnut consumption in their products or increase product prices. For example, in 2015 Nutella reduced hazelnut usage from 17% to 13% and RITTER SPORT increased the price of its hazelnut bar by 8%.
- Balsu Gida
- Chelmer Foods
- Olam International
- Oregon Hazelnuts
Other prominent vendors
- Aydin Kuruyemis
- Hebo Findik
- Pazar Hazelnut Manufacturing & Exporting Company
- Poyraz Tarimsal
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Market segmentation by product
Part 08: Market segmentation by end-user
Part 09: Geographical segmentation
Part 10: Key leading countries
Part 11: Decision framework
Part 12: Drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
Part 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/pw6trc/global_hazelnut
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets