The hazelnut oil global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Hazelnut Oil Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The hazelnut oil market size has grown strongly in recent years. It will grow from $9.69 billion in 2023 to $10.57 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to growing consumer awareness of health benefits, rising demand for natural ingredients, expansion of the cosmetics industry, expansion of e-commerce platforms, growing demand in emerging markets.
The hazelnut oil market size is expected to see strong growth in the next few years. It will grow to $15.11 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to partnerships between farmers and producers, increasing awareness of heart health, increased adoption of pharmaceuticals, globalization of food cultures, and the growth of Mediterranean diet popularity. Major trends in the forecast period include new product launches, technological advancements, health and wellness trends, global market expansion, and food industry innovations.
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Scope Of Hazelnut Oil Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Hazelnut Oil Market Overview
Market Drivers –
The demand for organic cosmetics is expected to propel the growth of the hazelnut oil market going forward. Organic cosmetics refer to beauty and personal care items formulated with natural ingredients that are certified organic, meaning they are produced without synthetic chemicals, pesticides, or genetically modified organisms (GMOs) and meet specific organic standards. Rising demand for organic cosmetics is driven by growing consumer awareness of natural ingredients’ health and environmental benefits, increasing preference for sustainable and chemical-free products, and rising concerns over the harmful effects of synthetic chemicals in conventional skin care. Hazelnut oil is used in organic cosmetics for its moisturizing properties, ability to enhance skin elasticity, and natural astringent qualities that help balance oil production. For instance, in March 2024, according to the Soil Association, a UK-based membership charity that focuses on the effect of agriculture on the environment, the overall organic beauty and wellbeing market in the UK reached a value of £147.6 million ($191.88 million) in 2022, compared to £138.2 million ($186.57 million) in 2021. Therefore, the demand for organic cosmetics is driving the growth of the hazelnut oil market.
Market Trends –
Major companies operating in the hazelnut oil market are focused on developing personalized beauty solutions, such as customization services, to enhance consumer experiences. Customization services within the cosmetics industry enable customers to develop personalized beauty products, particularly tailored lip oils, by choosing from diverse pigments and formulations to meet their specific preferences and requirements. For instance, in May 2024, Clarins, a France-based cosmetics and skincare company, launched a new customization service, the Lip Oil Factory. This service allows customers to create customized shades of Lip Comfort Oil using a specialized machine that offers seven pigment options. Customers can achieve one of 64 possible combinations by selecting unique ratios of at least two pigments in the Lip Comfort Oil formula. It is enriched with 93% natural ingredients, including a blend of rosehip, organic jojoba, and hazelnut oils, which nourish the skin and enhance its natural barrier against external aggressors.
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
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Regional Insights –
Europe was the largest region in the hazelnut oil market in 2023. The regions covered in the hazelnut oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Hazelnut Oil Market Report Structure
3. Hazelnut Oil Market Trends And Strategies
4. Hazelnut Oil Market – Macro Economic Scenario
5. Hazelnut Oil Market Size And Growth
…..
27. Hazelnut Oil Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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