At Hazelnut Hill, we like to stay up to date on the latest news and research within our industry. We also would like to share with you some recent data which shows that the hazelnut market is looking to grow robustly over the next decade.
Demand for hazelnuts will increase worldwide
In 2016, over a million tons of hazelnuts were consumed worldwide. According to Persistence Market Research, the US hazelnut market is currently valued at $7.2 billion and expected to rise to about $12.7 billion by the end of 2026. The hazelnut industry seems to be on the verge of big growth, and many people around the world are loving the flavor of this particular, savory nut.
Demand for the hazelnut will soar in upcoming years. A third of these sales will come from raw hazelnuts while much of the rest will come from foods incorporating hazelnuts such as spreads, coffee creamers, protein shakes, bars and other sweets and candy. Pharmaceutical companies and manufacturers of cosmetics are also buying up hazelnuts. It is estimated that by the end of 2026, more than $1 billion worth of hazelnuts will be sold to companies such as these.
The distribution of hazelnut consumptions shows that Western Europe consumes half of the world’s hazelnut production, while Eastern Europe consumes a little over 20 percent. North America consumes over 10 percent of the global hazelnut market.
To view the full report’s table of content, figures and tables, click here.
Surprising health benefits and uses of hazelnuts
Hazelnuts are a rich dietary source of protein, unsaturated fatty acids and linoleic acid. They contain the highest concentration of alpha-tocopherol (vitamin E) of any nut. Studies show that consuming hazelnuts can lower LDL (bad) cholesterol and increase HDL (good) cholesterol.
In a 2000 study, researchers found that the flesh of hazelnuts contain taxanes. Taxanes are anticancer agents that stabilize microtubules during mitosis in tumor cells. This chemical has originally been extracted from the bark of the yew tree and is used in taxane-based chemotherapy, particularly in the fight against breast cancer. This new finding could reduce the cost and make chemotherapy more readily available to cancer patients.
The hazelnut market is a diverse one, and the different uses and benefits of hazelnuts continue to expand. At Hazelnut Hill, we are proud to be a part of the contribution to the world supply of hazelnuts with our very special Oregon filberts. For any questions about our hazelnuts and other products, contact us today!