Global Hazelnut Market 2017-2021: Impact of Increase in Average Unit Price on Consumption - Research and Markets

DUBLIN--(BUSINESS WIRE)--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.

Hazelnuts are sweet tree nuts that grow in temperate zones. They are primarily cultivated in Turkey, which produces about 60% of the world's total production. Hazelnuts are rich in protein and have high nutritional value. They have a high amount of dietary fiber that helps reduce cholesterol and the highest amount of proanthocyanidin in the nut family. Hazelnuts are used in products like spreads, chocolate bars, and coffee. They are also used to make hazelnut oil, which is used for medicinal purpose and personal grooming. The key end-users for this market are individual consumers, foodservice establishments, and industries.

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%.

Key vendors

• Balsu Gida
• Chelmer Foods
• Kanegrade
• Olam International
• Oregon Hazelnuts

Other prominent vendors

• Aydin Kuruyemis
• GEONUTS
• 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/vzd4g3/global_hazelnut