What Has Been the Growth of the Hazelnut Oil Market So Far?
The hazelnut oil market has seen considerable growth due to a variety of factors.
• The market for hazelnut oil has seen substantial growth in the past years. There will be a surge from $10.57 billion in 2024 to $11.57 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.4%.
The historical growth phase is tied with the increased consumer knowledge regarding health advantages, an upward trend in the requirement for natural components, the widening of the cosmetics sector, development of online trading platforms, and the growing demand in the emerging markets.
What Is the Forecasted Market Size and Growth Rate for The Hazelnut Oil Market Size In The Coming Years?
The hazelnut oil market is expected to maintain its strong growth trajectory in upcoming years.
• The market for hazelnut oil is projected to experience significant expansion in the upcoming years. It is anticipated to reach a value of $16.5 billion by 2029, with a compound annual growth rate (CAGR) of 9.3%.
The market growth in the predicted period is due to alliances between farm owners and manufacturers, heightened consciousness regarding heart wellbeing, the widespread employment of pharmaceuticals, the global spread of food traditions, and the increasing popularity of the Mediterranean diet. Key predictions for this period include the introduction of new products, progress in technology, developments in health and wellness, expansion of the global market, and innovative strides in the food industry.
What Factors Are Driving Growth In The Hazelnut Oil Market?
The hazelnut oil market is anticipated to expand due to the escalating demand for organic cosmetics. These are beauty and personal care products created with natural, organically certified components, which signify they are crafted without the use of synthetic chemicals, pesticides, or genetically modified organisms (GMOs) and meet requisites for organic certification. The surge in organic cosmetics is fueled by heightened customer knowledge of the health and ecological benefits of natural ingredients, increasing inclination for sustainable and chemical-free products, and burgeoning worries about the harmful impact of synthetic chemicals in conventional skin care. Hazelnut oil is a critical component in organic cosmetics due to its hydrating capabilities, effectiveness in improving skin flexibility, and inherent astringent attributes which aid in managing oil production. For instance, the Soil Association, a UK-based charity concentrating on agriculture's impact on the environment, reported that in March 2024, the overall organic beauty and wellbeing market in the UK attained a £147.6 million ($191.88 million) market value in 2022, in contrast to £138.2 million ($186.57 million) in 2021. Consequently, the hazelnut oil market is growing due to the expanding demand for organic cosmetics.
What Are The Main Segments Of The Global Hazelnut Oil Market?
The hazelnut oilmarket 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
Subsegments:
1) By Cold-Pressed Hazelnut Oil: Organic Cold-Pressed Hazelnut Oil, Conventional Cold-Pressed Hazelnut Oil
2) By Refined Hazelnut Oil: Lightly Refined Hazelnut Oil, Highly Refined Hazelnut Oil
3) By Unrefined Or Virgin Hazelnut Oil: Organic Virgin Hazelnut Oil, Conventional Virgin Hazelnut Oil
4) By Flavored Hazelnut Oil: Garlic-Flavored Hazelnut Oil, Herb-Flavored Hazelnut Oil, Spicy Hazelnut Oil
5) By Other Product Types: Hazelnut Oil Blends, Specialty Hazelnut Oils, Fractionated Hazelnut Oil
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How Are Emerging Trends Reshaping The Dynamics Of The Hazelnut Oil Market?
Leading firms in the hazelnut oil market are concentrating on creating individualized beauty solutions, like customization services, to improve user experiences. Customization services in the cosmetics sector allow consumers to design their own beauty items, particularly specialized lip oils, using a variety of pigments and mixes to meet their unique desires and needs. For example, Clarins, a cosmetics and skincare company from France, initiated a new customization service known as the Lip Oil Factory in May 2024. With this service, customers can develop their own shades of Lip Comfort Oil using a unique machine that provides seven pigment choices. Customers can make any one of the 64 possible blends by choosing unique proportions of at least two pigments in the Lip Comfort Oil mix. The formula is rich with 93% natural ingredients, including a blend of rosehip, organic jojoba, and hazelnut oils, which nourishes the skin and boosts its natural defense against outside aggressors.
Who Are the Key Players In The Hazelnut Oil Market?
Major companies operating in the hazelnut oil market are:
• 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
What Is The Most Dominant Region In The Hazelnut Oil Market?
Europe was the largest region in the hazelnut oil market in 2024. The regions covered in the hazelnut oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
