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The hazelnut market size is forecast to increase by USD 2.31 billion at a CAGR of 8.51% between 2023 and 2028. The market is experiencing significant growth due to increasing consumer awareness about health and nutrition, leading to a swell in demand for hazelnut milk. This trend is particularly prominent in regions such as Ordu, Samsun, Giresun, Sakarya, and Düzce in Turkey, which are major producers of hazelnuts. Food companies in the United States, including Hershey India and The Hershey Company, are capitalizing on this trend by incorporating hazelnuts into their product offerings. However, it is essential to note that hazelnuts are a potential source of allergens, posing a challenge for food manufacturers in ensuring product safety and compliance with regulatory standards. Ferrero and other industry players must navigate these challenges while continuing to innovate and meet consumer demand for hazelnut-based products.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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