The Hazelnut is derived from the species of the genus Corylus. Hazelnuts are sold unshelled, as whole, diced, sliced, or ground kernels. Hazelnut shells work great in many locations within your gardens. They can be used around perennials and vegetables in your raised gardens, flower beds, as a ground cover, pathway surface or anywhere you use bark.
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Hazelnut in shell is considered for the analysis of production, consumption, import, export and price trend analysis. It notes that hazelnut shells can be used for mulch, with the following qualities:
· Holds moisture, keeping potted plants & flowerbeds moist
· Keeps weeds down
· Adds beautiful color
· 100% Renewable, All Natural & Sustainable [depending on your source/methods]
· Compacts Well
· Lasts 5-7 Years
Rapid Growth of Global Hazelnut Consumption:
The global hazelnut consumption is projected to grow at a CAGR of 10.1% during the forecast period (2020-2025).
· With increasing demand from consumers and high health benefits, the market is expected to grow over the forecast period. Hazelnut is a rich dietary source of protein, unsaturated fatty acids, and linoleic acid. It contains a higher concentration of alpha-tocopherol (vitamin E) than any other nut.
· Turkey dominates the hazelnut production, with an estimated share of 65%, globally. In terms of consumption. Europe is expected to register the highest CAGR of 7.6% during the forecast period, due to the increasing demand for hazelnuts from the chocolate industries of Europe.
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· Research studies show that consuming hazelnuts can lower LDL (bad) cholesterol and increase HDL (good) cholesterol, which is increasing the sales of hazelnut. Hazelnuts are used in desserts, such as cakes, muffins, chocolate dishes, praline, or pastries. With the growing demand for the product various producers are entering into the market with innovative products. Buhler, the world’s largest provider of nut processing technology, had announced that it expanded into the natural hazelnut market in May 2018, with the Turkish launch of its innovative combination of sorting technologies, leading to natural hazelnut processing systems.
Market Demand for Hazelnut:
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The hazelnut consumption in Italy was at USD 42, 3278 thousand in 2018, registering a CAGR of 10.0%, during the forecast period. The volume of hazelnut consumption in Italy was at 157,726 metric ton in 2018, and it is expected to register a CAGR of 8.0% during the forecast period. As per the analysis, 89.7% of the domestic demand within the country is being satiated through production. In order to satiate the rest of the demand, the country is depending on the imports. Among the hazelnut-producing countries, Italy is one of the top five hazel nut consuming countries in the world, with the per capita consumption of 0.520 kilogram kernel per person. Piedmont is also one of the major hazelnut producing areas, accounting for 15% of the total Italian production. This region consists of other different sub-regions in which the production is around 20,000 metric ton. Tonda di Giffoni in Latium, Tonda Rossa in Campania, Tonda Gentile delle Langhe in Piemonte, and Santa Maria de Jesu in Sicily are some of the major native cultivars in Italy.
Chocolate manufacturers are re-introducing their signature products with hazelnut-incorporated product lines, which are coming out as an innovation in taste in the global confectionery market. For instance, major chocolate manufacturer Lindt launched a chocolate spread made with 40% hazelnut in the UK market, in 2018. The spread is likely to be available in other European countries, even though its launch happened in the United Kingdom.
Conclusion:
The project report by NPCS on Hazelnut Shell provides all important aspects of the industry. The report is a great help if you want to market and pace your product correctly. The verified data gives a clear picture of the current and forecasted market to make the right decision. Take the help of this valuable and informative report to clear all your doubts and to learn every micro detail of the product.
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