According to a new report published by UnivDatos Markets Insights, the Hazelnut Oil Market is expected to grow at a CAGR of around 8% from 2022-2028. The analysis has been segmented into Type (Roasted and Cold Pressed); End-User (Personal Care & Cosmetics, Industrial, Food, Pharmaceutical, and Others); Region/Country.

The hazelnut oil market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the hazelnut oil market. The hazelnut oil market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the hazelnut oil market at the global and regional levels.

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Market Overview

Hazelnut Oil is also known as cobnuts or fiber nuts. It is liquid extracted from a hazelnut by a machine called a press. It is used in food products such as salad dressing, additives in sauces, baked goods, and various other cuisines. In addition, hazelnut oil contains minerals such as magnesium, potassium, and calcium. It also has the highest amounts of flavonoid, more than any carrier oil. In recent years, hazelnut oil is a light-yellow carrier oil that is used to dilute essential oils. Furthermore, the demand is anticipated to rise soon due to its application in cosmetics and personal care products. Also, can be used to flavor baked items and various sauces because of its nutty flavor and somewhat sweet character.

Factors such as an increasing essential oil demand coupled with the growing popularity of aromatherapy and product launches in the market are some of the prominent factors that are positively influencing the market growth globally.

Some of the major players operating in the market include Perles de Gascogne, Edens Garden Inc., La Tourangelle, Base Formula, A L’OLIVIER SA, Corilanga, LorAnn Oils, NHR Organic Oils, Mountain Rose Herbs, Maille.

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COVID-19 Impact

The recent COVID-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted industries and has transformed the way industries are delivered. The hazelnut oil market has been significantly affected during these times owing to the delay in the supply chain during the pandemic.

The global hazelnut oil market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

• Based on type, the market is segmented into roasted and cold-pressed. Cold-pressed hazelnut oil category is expected to witness a higher CAGR during the forecast period owing to its nutritional value in a variety of contexts. Additionally, it can be processed and does not degrade the oil’s flavor or nutritional value. And the roasted hazelnuts are hard pressed twice and the second extraction is completed by chemical refining followed by filtration of the oil. Hazelnut oil, which is extracted from roasted hazelnuts, has little flavor and low nutritional value. Thus, cold-pressed hazelnut oil is expected to grow across the globe
• On the basis of end-user, the market is categorized into personal care & cosmetics, industrial, food, pharmaceutical, and others. Among these, personal care & cosmetics held a significant share of the market in 2020. This is mainly due to the growing trend toward natural products has led to an increase in the use of natural oils in various types of hair care and skin care product. For instance, COSM’OIL HAZELNUT is a hazelnut oil obtained by pressing the kernels. The oil can be used for various cosmetic applications. Thus, personal care & cosmetics offer better growth in the market

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Hazelnut Oil Market Geographical Segmentation Includes:

• North America (U.S, Canada, and Rest of North America)
• Europe (Germany, U.K, Spain, Italy, France, and the Rest of Europe)
• Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World

Europe is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing consumer preference for natural oils and rising demand for hazelnut oil in cosmetics across regional countries. Also, the significant driver propelling the expansion of the hazelnut oil market in the European region is consumers’ preference for natural oils. In addition, it is anticipated that the rising demand for personal care products made with natural oil will sustain the industry.

The major players targeting the market include

• Perles de Gascogne
• Edens Garden Inc.
• La Tourangelle
• Base Formula
• A L’OLIVIER SA
• Corilanga
• LorAnn Oils
• NHR Organic Oils
• Mountain Rose Herbs
• Maille

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the hazelnut oil market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the hazelnut oil market?
• Which factors are influencing the hazelnut oil market over the forecast period?
• What are the global challenges, threats, and risks in the hazelnut oil market?
• Which factors are propelling and restraining the hazelnut oil market?
• What are the demanding global regions of the hazelnut oil market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?

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