The pecan market was estimated to be worth USD 1.9 billion globally in 2022, and a compound annual growth rate (CAGR) of 5.7% is anticipated over the course of the forecast period. One kind of edible nut is the pecan. Native to North America, pecans are tree nuts. Pecans are a great source of fiber and other nutrients like thiamin, phosphorus, and magnesium. Pecans are in great demand because of the growing need for healthy protein and vitamin B sources.
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Growth Drivers
The market has grown as a result of growing demand for plant-based proteins, expanding markets worldwide, increased awareness of the health advantages of pecans, and their adaptability in a variety of cuisines. Technological developments in harvesting and processing methods have increased productivity, increasing pecans' consumer appeal and accessibility. The market's expansion is also being impacted by rising disposable income and health consciousness.
The market has grown as a result of consumers' growing desire for goods that are unadulterated, wholesome, and minimally processed. Compared to earlier times, people are now ingesting more plant-based proteins. It is now more crucial than ever for pecan growers to be able to adapt to shifting conditions.
Segmentation
Product type
· In-Shell
· Shelled
Form
· Raw/Whole
· Processed
· Others
End-User
· Food Industry
· Dietary Supplement
· Cosmetics and personal care
· Retail/Household
Distribution Channel
· Business-to-Business
· Business-to-Consumer
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Middle East and Africa
· Europe
Key Players
· Royalty Pecan Farms
· The Craft Heinz company
· Hudson Pecan
· Wharton Ranch
· The Green Valley Pecan
· Carter Pecan
· Tularosa Pecan
· Farmers Investment Company
· Durden Pecan
· Lamar Pecan Company
· Farmers Investment Company
· Guidry Organic Farms
· South Georgia Pecan
· New Aces, INC
· John B. Sanfilippo and Son
· Other Players
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