Global Pecan Nuts Market Size to Exceed USD 3.54 Billion by 2033 | CAGR of 7.36%
Category: Food & BeveragesGlobal Pecan Nuts Market Size to Exceed USD 3.54 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Pecan Nuts Market Size is Expected to Grow from USD 1.74 Billion in 2023 to USD 3.54 Billion by 2033, at a CAGR of 7.36% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 100 Market data tables and figures & charts from the report on the “Global Pecan Nuts Market Size, Share, and COVID-19 Impact Analysis, By Product Form (Whole Pecans [In-shell and Shelled], Pecan Pieces and Halves, Pecan Meal/Flour, Pecan Oil, Pecan Butter, Flavored and Processed Pecans), By Application (Bakeries, Ice Cream Makers, Mixed Nuts Companies, Dairy & Desserts Makers, Confectionery Manufacturers, Retail, Others), By Distribution Channel (B2B and B2C [Supermarkets/Hypermarkets, Specialty Stores, Online Retail, Others]), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.” Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/pecan-nuts-market
The market of pecan nuts is an industry dealing with the production, processing, distribution, and consumption of pecan nuts, which are edible seeds that come from the pecan tree (Carya illinoensis). Pecans are mainly cultivated in places like the south of the United States, Mexico, and other countries with a friendly climate. Moreover, pecans contain healthy fats, protein, antioxidants, and fiber, making them a favorite among health-conscious buyers. The growing popularity of nuts and their health advantages, including lowering the risk of heart disease, weight management, and overall dietary improvement, explains the rising demand. With people becoming more and more open to paying for good quality and premium products, pecans, particularly organic and flavored ones, are in greater demand. Increased consumer interest in gourmet food and artisanal products continues to drive the market further. However, pecan trees are vulnerable to severe weather, including droughts, floods, and frost, which can result in lower yields or loss of crops. Unstable weather patterns, fueled by global climate change, might raise production levels or decrease supply.
The whole pecans segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product form, the pecan nuts market is divided into whole pecans [in-shell and shelled], pecan pieces and halves, pecan meal/flour, pecan oil, pecan butter, flavored and processed pecans. Among these, the whole pecans segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed due their versatility and popularity in direct use as well as in the manufacturing of processed food products. Whole pecans shelled and in-shell, are extremely popular in snacking and are used very widely in baking and cooking.
The bakeries segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the pecan nuts market is divided into bakeries, ice cream makers, mixed nuts companies, dairy & desserts makers, confectionery manufacturers, retail, and others. Among these, the bakeries segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by the pecan nuts are extensively utilized as an ingredient in most food preparations particularly pies, cookies, and pastries among others as it provides flavor and nutritional benefits.
The B2C segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the pecan nuts market is divided into B2B and B2C. Among these, The B2C segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to retail stores, particularly supermarkets, providing a variety of pecan products to suit various consumer tastes, such as organic pecans, flavored pecans, and pecan snacks. The diversity satisfies the demands of various consumer segments, such as gluten-free or plant-based consumers, and this results in higher consumer expenditure.
North America is expected to hold the majority share of the global pecan nuts market during the forecast period.
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North America is expected to hold the majority share of the global pecan nuts market during the forecast period. Pecans are a popular ingredient in American food, especially in baking, snacking, and even a few savory applications. Increased demand is being driven by the trend toward healthy eating and the high rate of pecan use as a snack or in baked food products.
Asia Pacific is anticipated to grow at the fastest pace in the global pecan nuts market during the forecast period. The expanding middle class, greater health-conscious snacking awareness, and growing demand for premium and healthy food items are driving the growth in this region. Pecans are becoming increasingly popular because of their health advantages, such as high content of healthy fats, antioxidants, and other nutrients.
Major vendors in the global pecan nuts market are Barry Callebaut, Suyog Food Products, Amercorp International, Carter Pecan (ARNCO Inc.), Ellis Bros. Pecans Inc., Global Commodities Exchange, Green Valley Pecan Company, Lamar Pecan Co., National Pecan Co., Nut Tree Pecan Co. (Cleaning Plant), Progressive Pecans Inc., Schermer Pecans Inc., South Georgia Pecan Company, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In January 2025, Kodiak, which specializes in high-protein, whole-grain breakfast foods, and Zac Efron launched a new Apple Brown Sugar Pecan Oatmeal, expanding the brand's breakfast offerings. The limited-time, 100% whole-grain oatmeal will be sold exclusively at Walmart and will fuel consumers for a day of adventure.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the pecan nuts market based on the below-mentioned segments:
Global Pecan Nuts Market, By Product Form
- Whole Pecans
- In-shell
- Shelled
- Pecan Pieces and Halves
- Pecan Meal/Flour
- Pecan Oil
- Pecan Butter
- Flavored and Processed Pecans
Global Pecan Nuts Market, By Application
- Bakeries
- Ice Cream Makers
- Mixed Nuts Companies
- Dairy & Desserts Makers
- Confectionery Manufacturers
- Retail
- Others
Global Pecan Nuts Market, By Distribution Channel
- B2B
- B2C
- Supermarkets/Hypermarkets
- Specialty Stores
- Online Retail
- Others
Global Pecan Nuts Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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