Key vendors to focus on evolving customer preferences to gain market shares.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global hazelnut market in their latest research report. This report also lists five other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The growth of the global market for hazelnuts is driven by the rising number of health consciousness among consumers across the globe. The market evolves in tandem with varying customer demand and tastes. Vendors in the market space compete in terms of price, quality, reputation, variety, and taste. Each company in the global hazelnut market varies in size, has distinctive competencies, and produces different products from hazelnuts.
According to Manjunath Reddy, a lead analyst at Technavio for research on food, “Economic conditions, consumer preferences and spending patterns, and demographic trends are some of the key factors that have a direct impact on the growth of the market. Vendors leverage product innovation and improved packaging in an attempt to gain market shares and strengthen their foothold in the competitive market.”
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Top five vendors in the hazelnut market space
Balsu Gida
Balsu Gida performs different types of analysis at each step of the production, including physical analysis, toxic analysis, chemical analysis, raw material management, microbiological analysis, and storage area management. The company is certified by the USDA National Organic Program, ISO, and International Food Standard.
Key products: Natural hazelnut kernel, Roasted hazelnut kernel, Blanched hazelnut kernel, Diced hazelnut kernel, Hazelnut paste and hazelnut meal.
Chelmer Foods
Chelmer Foods is one of the leading suppliers and distributors of nuts, dry fruits, seeds, and pulses. It offers a wide range of products in different carton sizes with various labeling and specifications. It also sells its products through its stores. The company supplies to all major UK cereal makers, snack packers, foodservice establishments, bakers, and other related manufacturers.
Key products: Natural hazelnut kernel and Roasted hazelnut kernel.
Kanegrade
Kanegrade is an ingredients supplier functional in the UK and other countries. It offers about 18,000 products that fall into six main categories: natural color and extracts, flavors, functional ingredients, fruit ingredients, vegetable ingredients, and organic ingredients. It caters to the needs of food, flavors, beverage, and pharmaceutical manufacturers.
Key products: Caramelized hazelnuts, Hazelnut pastes, Hazelnut powder, Whole nuts, and Other products: Praline and cream.
Seca
Kanegrade is an ingredients supplier functional in the UK and other countries. It offers about 18,000 products that fall into six main categories: natural color and extracts, flavors, functional ingredients, fruit ingredients, vegetable ingredients, and organic ingredients. The company’s end-user segments include food, flavors, beverage, and pharmaceutical manufacturers.
Key products: Natural Hazelnut Kernels, Hazelnut Kernel Roasted, Hazelnut Kernels Blanched, Hazelnut Kernel Chopped, Flour Made of Hazelnut Kernels, Paste Made of Hazelnut Kernels, Organic Hazelnut Kernels, and Fındıkçı- The Crunchy taste.
Oregon Hazelnuts
Oregon Hazelnuts has a large network of hazelnut suppliers and exports about 50% of its production annually. Oregon Hazelnuts has many hazelnut nurseries and hazel micro-propagators to improve its yield and quality.
Key products: Hazelnuts, Hazelnut shells, and Other hazelnut products: butter, oil, paste, and salted, smoked, and other types of hazelnuts.
A more detailed analysis is available in the Technavio report, Global Hazelnut Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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