Press release
Evolving Market Trends In The Hazelnut Oil Industry: Innovative Lip Oil Factory Customization Service Revolutionizes Hazelnut Oil Market
Hazelnut Oil Market
What Is the Expected Hazelnut Oil Market Size During the Forecast Period?
The hazelnut oil market size has grown strongly in recent years. It will grow from $10.57 billion in 2024 to $11.57 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth is driven by growing consumer awareness of health benefits, rising demand for natural ingredients, the expansion of the cosmetics industry, the growth of e-commerce platforms, and increasing demand in emerging markets.
The hazelnut oil market is projected to grow to $16.5 billion by 2029, with a CAGR of 9.3%. Growth is driven by farmer-producer partnerships, heart health awareness, and the popularity of the Mediterranean diet. Major trends include new product launches, technological advancements, and innovations in food industries.
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What Are the High-Growth Segments in the Hazelnut Oil Market?
The hazelnut oilmarket 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
Subsegments:
1) By Cold-Pressed Hazelnut Oil: Organic Cold-Pressed Hazelnut Oil, Conventional Cold-Pressed Hazelnut Oil
2) By Refined Hazelnut Oil: Lightly Refined Hazelnut Oil, Highly Refined Hazelnut Oil
3) By Unrefined Or Virgin Hazelnut Oil: Organic Virgin Hazelnut Oil, Conventional Virgin Hazelnut Oil
4) By Flavored Hazelnut Oil: Garlic-Flavored Hazelnut Oil, Herb-Flavored Hazelnut Oil, Spicy Hazelnut Oil
5) By Other Product Types: Hazelnut Oil Blends, Specialty Hazelnut Oils, Fractionated Hazelnut Oil
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What Key Drivers Are Expected to Influence Future Hazelnut Oil Market Growth?
The increasing interest in organic cosmetics is fostering the hazelnut oil market. This demand is linked to consumer preferences for natural, eco-friendly products. Hazelnut oil is valued for moisturizing and astringent qualities. In March 2024, the Soil Association reported that the UK's organic beauty and wellness market reached £147.6 million ($191.88 million) in 2022, up from £138.2 million ($186.57 million) in 2021. Therefore, rising organic cosmetics use is expanding the hazelnut oil market.
Which Companies Hold the Largest Share Across Different Hazelnut Oil Market Segments?
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
What Trends Are Driving Growth in The Hazelnut Oil Market?
Major Companies in the hazelnut oil market are focusing on customized beauty solutions, such as lip oils. For example, in May 2024, Clarins launched the Lip Oil Factory, a service allowing customers to create personalized shades of Lip Comfort Oil using various pigment combinations. The formula includes 93% natural ingredients like rosehip and hazelnut oils, which nourish and protect the skin.
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What Are the Emerging Geographies for The Hazelnut Oil Market Growth?
Europe was the largest region in the hazelnut oil market in 2024. The regions covered in the hazelnut oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Hazelnut Oil Market?
2. What is the CAGR expected in the Hazelnut Oil Market?
3. What Are the Key Innovations Transforming the Hazelnut Oil Industry?
4. Which Region Is Leading the Hazelnut Oil Market?
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