The report of Hazelnut Oil Market By Type (Cold Pressed Hazelnut Oil, Roasted Hazelnut Oil), By End user(Industrial, Food, Personal Care, Cosmetics, Pharmacy, Others), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ XXMn by 2027, at a CAGR ofXX% during the forecast period.
Increasing demand for essential oils, coupled with rising use of aromatherapy isthe main factor driving the growth of the global hazelnut oil market. It contains high amounts of vitamin E that increases hydration of the sensitive skin. The use of hazelnut in the preparation of soaps, lotions, creams, oils, and healthcare products, like a moisturizer and astringent, which helps to decrease marks and fine lines.
These are some factors that are resulting in its increasing usage in numerous types of cosmetics & personal care products. Likewise, rising demand by the consumer for natural and herbal personal care products is an upward trend that is expected to boost the growth of the global hazelnut oil market in the future. Furthermore, the growing use of hazelnut oil in food products, such as sauces and baked food items can generate high revenue opportunities for key producers in the hazelnut oil market.
On the other hand, hazelnut oil moderately costly, due to less availability of raw material. Moreover, the shelf life of the oil is around a year if kept away from direct sunlightcontact, and some people have an allergic reaction to hazelnut. Therefore these factors are expected to restrain the hazelnut oil market throughout the forecast period.
By type segments, the cold-pressed hazelnut oil segment is expected to hold the largest market share of the total market in terms of revenue by 2027. This is mainly, due to Cold-pressed hazelnut oil does not damage the aroma or the nutrition of the oil. Hazelnut oil can be refined, which means the roasted hazelnuts are pressed twice with the second extraction done through chemical refining after that filtering the oil. Hazelnut oil extracted from roasted hazelnut has less aroma and low nutrient value.
Europe is expected to hold the largestmarket share of the total market in terms of revenue in the future, followed by North America. This is mainly due to the Increasing demand for hazelnut oil in cosmetics because the rising inclination for natural oil among consumers is a key factor driving the growth of the hazelnut oil market in the European region. The market in the Asia Pacific is expected to register profitable growth in the future, on account of rising demand for essential oils for its several benefits among individuals. Middle East region is the key producer of hazelnuts and is expected to sustain its position over the forecast period.
The key players of the global Hazelnut Oil market are Perles de Gascogne, Edens Garden, A, L’OLIVIER, La Tourangelle, Base Formula, Corilanga, Maille, NHR Organic Oils, Mountain Rose, LorAnn Oils, and Others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Hazelnut Oil Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Hazelnut Oil Market”.
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