Hazelnut Oil Market: Current Analysis and Forecast (2022-2028)

Report Description

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Global Hazelnut Oil Market is expected to grow at a significant rate of around 8% during the forecast period. Hazelnut Oil is also known as cobnuts or fiber nuts. It is liquid extracted from a hazelnut by a machine called a press. It is used in food products such as salad dressing, additives in sauces, baked goods, and various other cuisines. In addition, hazelnut oil contains minerals such as magnesium, potassium, and calcium. It also has the highest amounts of flavonoid, more than any carrier oil. In recent years, hazelnut oil is a light-yellow carrier oil that is used to dilute essential oils. Furthermore, the demand is anticipated to rise soon due to its application in cosmetics and personal care products. Also, can be used to flavor baked items and various sauces because of its nutty flavor and somewhat sweet character.

Perles de Gascogne, Edens Garden Inc., La Tourangelle, Base Formula, A L’OLIVIER SA, Corilanga, LorAnn Oils, NHR Organic Oils, Mountain Rose Herbs, Maille are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

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Insights Presented in the Report

“Amongst type, Cold-pressed hazelnut oil category is expected to witness the highest CAGR during the forecast period”

Based on type, the market is segmented into roasted and cold-pressed. Cold-pressed hazelnut oil category is expected to witness a higher CAGR during the forecast period owing to its nutritional value in a variety of contexts. Additionally, it can be processed and does not degrade the oil’s flavor or nutritional value.  And the roasted hazelnuts are hard pressed twice and the second extraction is completed by chemical refining followed by filtration of the oil. Hazelnut oil, which is extracted from roasted hazelnuts, has little flavor and low nutritional value. Thus, cold-pressed hazelnut oil is expected to grow across the globe.

“Amongst end-user, the personal care & cosmetics to hold a significant share in the market in 2020”

On the basis of end-user, the market is categorized into personal care & cosmetics, industrial, food, pharmaceutical, and others. Among these, personal care & cosmetics held a significant share of the market in 2020. This is mainly due to the growing trend toward natural products that has led to an increase in the use of natural oils in various types of hair care and skin care product. For instance, COSM’OIL HAZELNUT is a hazelnut oil obtained by pressing the kernels. The oil can be used for various cosmetic applications. Thus, personal care & cosmetics offer better growth in the market.

“Europe to hold a significant share in the market”

Europe is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing consumer preference for natural oils and rising demand for hazelnut oil in cosmetics across regional countries. Also, the significant driver propelling the expansion of the hazelnut oil market in the European region is consumers’ preference for natural oils. In addition, it is anticipated that the rising demand for personal care products made with natural oil will sustain the industry.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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Customization Options:

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Research Methodology

Research Methodology for the Hazelnut Oil Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global hazelnut oil market were the three major steps undertaken to create and analyze the adoption of hazelnut oil in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global hazelnut oil market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the hazelnut oil market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the hazelnut oil market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as types and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the hazelnut oil market. Further, we conducted factor analysis using dependent and independent variables such as various types, and end-user of hazelnut oil. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the hazelnut oil market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global hazelnut oil market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the hazelnut oil market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global hazelnut oil market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

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Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

 Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global hazelnut oil market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of types and end-user in the global hazelnut oil market.

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The main objective of the Global Hazelnut Oil Market Study

The current & future market trends of the global hazelnut oil market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the hazelnut oil market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of types and end-user.
• Define and analysis of the regulatory framework for the hazelnut oil
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the hazelnut oil market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the hazelnut oil market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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