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Primary worldwide
Global Hazelnut Market manufacturing companies, to specify, clarify and analyse the product sales amount, value and market share, market rivalry landscape,
SWOT analysis and development plans for future.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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Sales of Hazelnut Market to be Significantly Influenced by Rising Consumer Adoption -Persistence Market Research
atulpmrMay 13, 2021 4
Global hazelnut market has experienced significant growth over the recent past, which will continue at a promising pace in the following years. The approximately
US$ 6 Bn market for hazelnut is set to exhibit a healthy
5% CAGR during
2019 – 2029. As indicated by a new research study of Persistence Market Research (PMR), over
80% of hazelnut consumption is accounted by the confectionary sector that uses it as a base or side ingredient.
Bakery and confectionery collectively accounted for over
80% of hazelnut consumption in
2018. Confectioners in particular have been extensively using hazelnut in chocolates, candies, cookies, cakes, and pastries, which would be a strong factor upholding hazelnut consumption at a global level. Retail industry is projected for a solid growth outlook, and traditional confectionary and baker’s confectio