The hazelnut oil market size has experienced robust growth in recent years, projected to increase from $9.69 billion in 2023 to $10.57 billion in 2024, at a compound annual growth rate (CAGR) of 9.1%. This growth during the historical period is attributed to rising consumer awareness regarding health benefits, the increasing demand for natural ingredients, the expansion of the cosmetics industry, the growth of e-commerce platforms, and heightened demand in emerging markets. The hazelnut oil market is expected to continue its strong growth trajectory in the coming years, reaching $15.11 billion in 2028 with a CAGR of 9.3%. Factors contributing to this growth in the forecast period include partnerships between farmers and producers, growing awareness of heart health, the rising adoption of pharmaceuticals, the globalization of food cultures, and the growing popularity of the Mediterranean diet. Key trends expected to influence this market include new product launches, technological advancements, health and wellness trends, global market expansion, and innovations within the food industry.
Global Hazelnut Oil Market Key Driver
The demand for organic cosmetics is projected to drive the growth of the hazelnut oil market. Organic cosmetics are formulated with natural ingredients that are certified organic, produced without synthetic chemicals or GMOs. This rising demand is fueled by increased consumer awareness of the health and environmental benefits of natural ingredients, along with a preference for sustainable and chemical-free products. Hazelnut oil is favored in organic cosmetics due to its moisturizing properties, skin elasticity enhancement, and astringent qualities that balance oil production. For example, in March 2024, the Soil Association reported that the overall organic beauty and wellbeing market in the UK reached £147.6 million ($191.88 million) in 2022, up from £138.2 million ($186.57 million) in 2021. Therefore, the demand for organic cosmetics is significantly impacting the growth of the hazelnut oil market.
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Global Hazelnut Oil Market Segments
The hazelnut oil market covered in this report is segmented –
1) By Product Type: Cold-Pressed Hazelnut Oil, Refined Hazelnut Oil, Unrefined Or Virgin Hazelnut Oil, Flavored Hazelnut Oil, Other Product Types
2) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Online Retail, Foodservice And Hospitality, Other Distribution Channel
3) By Application: Culinary, Cosmetics And Skincare, Aromatherapy, Nutraceuticals, Other Applications
By Geography:The regions covered in the hazelnut oil market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Europe was the largest region in the hazelnut oil market in 2023.
Major Hazelnut Oil Industry Players
Gursoy A.S., Roland Foods LLC, Mountain Rose Herbs Inc., La Tourangelle Inc., Jedwards International Inc., LorAnn Oils LLC, Edens Garden Inc., Base Formula Limited, Georgian Hazelnut Corporation LLC, Bioplanete GmbH, Caloy Company Inc., NHR Organic Oils LLC, Arslanturk Agricultural Products, Poyraz Hazelnut Integrated Industry and Trade Inc., Gustav Heess, SULU ORGANICS LLC, Boxon Food AB, Aromex Industry Inc., DeveHerbes, Botanical Formulations Inc., A L'Olivier
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Hazelnut Oil Market Overview
Hazelnut oil refers to vegetable oil extracted from hazelnuts (Corylus avellana). It is known for its rich, nutty flavor and is commonly used in cooking, especially in salad dressings and marinades, and as a finishing oil for dishes. Hazelnut oil is also valued for its high content of monounsaturated fats, similar to olive oil, which makes it a healthier option for heart health.
Hazelnut Oil Global Market Report 2023 provides data on the global hazelnut oil market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The hazelnut oil market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
