Pecan Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 0.89 Billion |
| Market Size (2029) | USD 1.16 Billion |
| CAGR (2024 - 2029) | 5.60 % |
Pecan Market Analysis
The Pecan Market size is estimated at USD 0.89 billion in 2024, and is expected to reach USD 1.16 billion by 2029, growing at a CAGR of 5.60% during the forecast period (2024-2029).
The Pecan market has been flourishing around the globe due to the rising health consciousness and the inclination of people toward healthy food options. Pecan is a nutritionally rich food containing vitamin C, niacin, Vitamin B-6, and essential minerals, including calcium, copper, iron, magnesium, manganese, phosphorus, and zinc. Additionally, the increasing per capita spending on vegan foods supplements the market growth. Besides this, the United States and Mexico are the major Pecan producing countries, accounting for more than 45% of the global production. Also, the United States is one of the major consumers of Pecan nuts because of quintessential recipes in their culinary arts, which supports the Pecan consumption in the country. However, unexpected adverse weather conditions often restrain the growth of the Pecan market. For instance, in 2023, the frequent strong winds and insufficient rainfall in the United States led to severe yield loss in the significant Pecan cultivation areas, leading to soaring Pecan prices in the U.S. and the international market.
Pecan Market Trends
Increased Awareness About Health Benefits Associated With Pecan Consumption
The pecan is usually called a tree nut and is native to the North American region. Pecans are a good source of calcium, magnesium, and potassium, which help lower blood pressure. Due to increasing demand for plant-based food products, pecan-based products are increasingly becoming popular among health-conscious consumers. Along with this, the increasing prevalence of allergies and intolerance to certain ingredients such as lactose and gluten are promoting the use of pecan amongst individuals to fulfill their nutritional needs. Moreover, players are incorporating pecan in dietary supplements typically designed to help support healthy cholesterol levels, heart health, weight loss, and digestion. For instance, in 2023, Aloha launched a limited-edition Chocolate Caramel Pecan protein bar flavor. The new protein bar and organic Pecan organic pecans consist of organic dark chocolate, brown rice, and pumpkin seed protein blend.
United States Is The Biggest Consumer Of Pecan
Along with the higher production, the United States is one of the largest pecan consumers globally. Furthermore, pecan consumption is mainly concentrated in states in the country, such as California, Florida, New York, Texas, and New Jersey. The growing health consciousness among consumers is one of the major drivers for boosting pecan consumption in the country. Moreover, due to the popularity of plant-based dietary options, players are launching processed pecan products, such as milk and cheese spreads, suitable for vegetarian, vegan, and lactose-intolerant populations. For instance, in 2024, the Pecan company launched two flavors of pecan milk in the country. Pecan nuts are also widely used in manufacturing a variety of snacks, chocolate bars, biscuits, and other food items in the country. The increase in usage of pecan in the food and beverage industry is anticipated to boost pecan consumption in the coming years.
Pecan Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Awareness About Health Benefits Associated With Pecan Consumption
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4.2.2 Wide Application of Pecan
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4.3 Market Restraints
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4.3.1 Volatility in the Prices
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4.3.2 Adverse Weather Conditions Affecting Yield
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4.4 Value Chain Analysis
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5. MARKET SEGMENTATION
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5.1 Geography (Production Analysis, Consumption Analysis by Value and Volume, Import Market Analysis by Value and Volume, Export Market Analysis by Value and Volume, and Price Trend Analysis)
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5.1.1 United States
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5.1.2 Canada
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5.1.3 Mexico
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5.1.4 Germany
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5.1.5 Netherlands
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5.1.6 United Kingdom
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5.1.7 France
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5.1.8 Israel
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5.1.9 China
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5.1.10 Japan
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5.1.11 Australia
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5.1.12 Brazil
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5.1.13 Argentina
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5.1.14 South Africa
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6. MARKET OPPORTUNITIES AND FUTURE TRENDS
Pecan Industry Segmentation
Pecans are nuts grown on trees similar to walnuts and used in beverages. Pecans are the most demanded plant-based protein as they offer antioxidant benefits. For the purpose of the study, both shelled and in-shell nuts have been considered for evaluating the consumption patterns of pecan across global demographics. The Pecan market is segmented by geography (United States, Canada, Mexico, Germany, Netherlands, United Kingdom, France, Israel, China, Japan, Australia, Brazil, Argentina, And South Africa). The report includes analysis based on production (volume), consumption (volume and value), import (volume and value), export (volume and value), and price trend analysis. The report offers market size and forecasts in terms of value (USD) and volume (Metric tons) for all the above segments.
| Geography (Production Analysis, Consumption Analysis by Value and Volume, Import Market Analysis by Value and Volume, Export Market Analysis by Value and Volume, and Price Trend Analysis) | |
| United States | |
| Canada | |
| Mexico | |
| Germany | |
| Netherlands | |
| United Kingdom | |
| France | |
| Israel | |
| China | |
| Japan | |
| Australia | |
| Brazil | |
| Argentina | |
| South Africa |
Pecan Market Research FAQs
How big is the Pecan Market?
The Pecan Market size is expected to reach USD 0.89 billion in 2024 and grow at a CAGR of 5.60% to reach USD 1.16 billion by 2029.
What is the current Pecan Market size?
In 2024, the Pecan Market size is expected to reach USD 0.89 billion.
What years does this Pecan Market cover, and what was the market size in 2023?
In 2023, the Pecan Market size was estimated at USD 0.84 billion. The report covers the Pecan Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Pecan Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the major challenges faced by pecan growers and producers?
The major challenges faced by pecan growers and producers are a) Pests b) Climate change impacting yields c) Labor shortages
What are the key factors influencing pecan prices in the global market?
The key factors influencing pecan prices in the global market are a) Production volumes b) Weather conditions c) Demand from key consumer regions
Pecan Industry Report
The global pecan market is thriving, driven by increasing consumer awareness of their health benefits, including essential fats, vitamins, and minerals. This demand spans across food, dietary supplements, and cosmetics, highlighting the market's versatility and nutritional value. The rise of plant-based and vegan trends further supports the growth of the pecan market, with a shift towards sustainable farming to ensure long-term orchard viability and eco-friendly production.
The market report reveals robust production and export strategies, particularly in developed economies, despite climate challenges. International quality standards and B2B distribution play crucial roles in logistics and compliance, contributing to the market's strength. The industry report provides a comprehensive analysis based on production, consumption, import, export, and price trends.
According to Mordor Intelligence™ Industry Reports, the pecan market is experiencing significant share, size, and revenue growth. The market update offers detailed forecasts and historical analysis, highlighting opportunities and trends. The industry overview emphasizes the importance of market segmentation and value, providing insights into market leaders and industry statistics.
Industry research and market forecasts indicate positive growth rates and promising industry outlooks. The market review and industry trends suggest continued expansion, supported by market data and industry sales. The report PDF is available for a detailed examination of market predictions and industry analysis, offering valuable insights for research companies.
The pecan market's growth is underscored by industry reports and market research, showcasing the industry's size and market value. The market's future looks bright, with a strong industry outlook and market segmentation strategies. The report example serves as a comprehensive resource for understanding market dynamics and industry trends.
Pecan Market Report Snapshots
