Hazelnuts Ingredients Market
Hazelnuts Ingredients Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Hazelnuts Ingredients Market Size and Growth
The Hazelnuts Ingredients market shows robust growth, driven by increasing demand in confectionery and snack sectors. Current market size is estimated at approximately $3 billion, with a projected CAGR of 9% over the next five years. Key trends include rising health awareness and the popularity of plantbased options among consumers.
Companies Covered
(Covid 19 Impact Covered)
◍ ADM
◍ BBC
◍ Olam
◍ Kanegrade
◍ Bredabest
◍ Barry Callebaut Schweiz
◍ Intersnack
◍ Borges
◍ CG Hacking & Sons
◍ Besanaworld
◍ Voicevale
◍ Nutella
The Hazelnuts Ingredients Market is driven by companies like ADM, Olam, and Barry Callebaut, producing pastes, oils, and snacks. Innovations in product offerings and collaborations enhance market growth. Sales revenues:
- ADM: $20 billion (2022)
- Olam: $40 billion (2022)
- Barry Callebaut: $7 billion (2022).
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Market Segmentation
By Application
Confectioneries
Dairy Products ◍ Bakery Products
◍ Snacks & Bars
◍ Others (Salads & Sauces, Desserts and etc.)
By Product
Powered
Pieces
Others
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Market Growth
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$ X Billion USD
