Companies are incorporating hazelnuts to promote their healthy and organic product lines
Chocolate manufacturers are re-introducing their signature products with hazelnut-incorporated product lines, which are emerging as an innovation in taste in the global confectionery market, with improved properties in order to cater to a wider range of consumers.
- In 2016, Mars (pioneer chocolatier) launched Snicker with hazelnuts, called Snicker Hazelnut Bar, introduced in the U.S., and broadcasted the product using television advertising and FSI and POP displays.
- Avellanas (Spanish hazelnut) are found in Cholula around late October. They are prevalent as cookie and cake ingredients, and can be found throughout the holiday season. In Sonora, they are used in a delicious sponge cake called rosca de las abuelas.
- Mexican food contains interesting recipes for hazelnut moles that use fruits, nuts, and chilies, and are varieties of the southern Mexican mancha manteles.
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The Food industry segment is projected to register a moderate value CAGR over the forecast period
Increased usage of hazelnut – especially in confectionary and bakery products – is expected to drive segmental growth over the forecast period. Many countries are growing a variety of hazelnuts and are also introducing hybrid hazelnuts in the market. These factors are expected to drive revenue growth of the food industry segment over the forecast period.
In terms of value, Beverage industry segment is expected to register a significantly high CAGR over the forecast period
Increased usage of hazelnut – especially in flavored milk and coffee products – is expected to drive segmental revenue growth over the forecast period. Demand for hazelnut in the beverages industry segment is projected to grow at 4.7% CAGR during the period 2018-2026.
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In terms of value, Pharmaceutical industry segment is expected to register a relatively higher CAGR over the forecast period
Increased usage of hazelnut – especially in massage oils and skin ointments – is expected to drive segmental growth over the forecast period. Demand for hazelnut in the pharmaceutical segment is projected to grow at 5.5% CAGR during the period 2018-2026.
In terms of value, Cosmetics industry segment is expected to register moderate growth during the forecast period
Increased usage of hazelnut – especially in skin and hair care products – is expected to drive revenue growth of the cosmetics segment during the forecast period. Demand for hazelnut in the cosmetics industry is projected to grow at 5.2% CAGR during the period 2018-2026.