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

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.

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.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

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Deep dive regional level analysis of the industry.

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