North America Hazelnut Market Report and Forecast 2024-2032

North America Hazelnut Market Report and Forecast 2024-2032

Market Outlook

According to the report, the North America hazelnut market reached a value of USD 1.97 billion in 2023. Aided by the nut's versatile application in the food and beverage industry, along with its recognised health benefits, the market is projected to further grow at a CAGR of 7.6% between 2024 and 2032 to reach a value of USD 3.82 billion by 2032.

Hazelnuts, known for their rich flavour and nutritional profile, have gained popularity across North America as a key ingredient in chocolates, spreads, baked goods, and health-oriented snack products. The nut's appeal lies in its unique taste, as well as its health benefits, including high levels of antioxidants, vitamins, and minerals that contribute to heart health and reduce inflammation.

The North America hazelnut market growth is closely tied to the confectionery industry, where the demand for premium, nut-based products continue to rise. Hazelnuts are a cornerstone ingredient in many beloved chocolate brands and gourmet products, contributing to the sector's robust demand. Additionally, the nut's application in the burgeoning health food segment, including plant-based milks and protein bars, has opened new avenues for market expansion.

Sustainability and environmentally friendly farming practices are becoming increasingly important in the cultivation of hazelnuts. Producers in North America are adopting sustainable agricultural methods, such as reduced water usage and integrated pest management, to ensure the long-term viability of hazelnut orchards. These practices not only support environmental stewardship but also cater to the growing consumer demand for sustainably sourced ingredients.

Innovation in cultivation technology and processing methods is another key driver of the North America hazelnut market demand. Advances in breeding techniques have led to the development of new hazelnut varieties that are more resilient to climate change and disease, ensuring stable production levels. Moreover, improvements in processing technology have enhanced the efficiency and quality of hazelnut products, from harvesting to packaging.

The North America hazelnut market outlook is influenced by a competitive landscape of growers, processors, and distributors. The United States, particularly Oregon, stands out as a leading producer, leveraging its favourable climate and advanced agricultural infrastructure to meet both domestic and international demand. The sector benefits from strong support organisations and research institutions dedicated to improving hazelnut cultivation and marketability.

Market Segmentation

The market can be divided based on form, application, distribution channel, and country.

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 RegionCountry

• United States of America
• Canada

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America hazelnut market. Some of the major players explored in the report are as follows:

• Olam Group Limited
• Ferrero International S.A.
• American Hazelnut Company
• George Packing Company
• Northwest Hazelnut Company
• Wilco/Valley Agronomics LLC
• Ken & June’s Hazelnuts
• CZ Holding A.S.
• KAYALAR Hazelnut
• Others

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