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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 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.