Pecan Oil Market: Global Industry and Forecast 2023-2029

In 2022, the Pecan Oil Market was valued at US $ 0.58 billion. Over the projection period, the market is expected to increase at a CAGR of 3.9%, reaching US$ 0.76 billion in 2029.
Pecan Oil Market Overview:
Pecan oil is a heart vigorous cooking oil with a high smoulder point that allows for appropriate grilling of meat without sweltering. The toasted pecan oil has a subtle buttery, nutty, yet neutral flavour that creates it ideal for salad coverings. It also has a low saturated fat absorption of 9%, which sets it apart from olive oils, which have a drenched fat content of 14%. Apart from its low drenched fat level, it is a good cradle of other nutrients such monounsaturated oleic and linoleic acid, antioxidants, protein, vitamins A, B, C, and K, as well as reserves like calcium, iron, magnesium, manganese, phosphorus, and potassium.

Pecan oil is advantageous for a variety of respiratory diseases as well as preserving food nutrients even at high infections. Pecan Oil is in high demand due to its vast assortment of applications, which include everything from food to cosmetics. The Pecan Oil Market has detonated due to an augmented populace, rising health concerns, and demand for organic food goods.To know about the Research Methodology :- Request Free Sample Report
Pecan Oil Market Dynamics:
Pecan Oil is a characteristic product in the cooking oil classification due to factors such as taste, texture, and flavour. Pecan Oil has a neutral flavour, which is why it is recycled to dress salads all over the world. Pecan Oil is in high petition around the world due to its low cost and distinctive flavour. Pecan oil is acclaimed for regular ingestion as an anticipatory measure for conditions such as stroke, arthritis, and high blood pressure. Pecan Oil is exploited in the manufacture of medicines for persons suffering from pulmonary, muscular, and blood-related complaints because of its health benefits. Other major driving factors for the Pecan Oil Market comprise refining economies, rising indispensable income, and increasing health concerns.

However, the main restraint for the Pecan Oil Market is a deficiency of information about health issues. Despite the vast list of welfares linked with eating pecans, it should limit consumption due to its high calorie gratified. As a result, eating a lot of these cracks might lead to a calorie surplus and undesired weight gain which is major side effects while consumption of pecan oil is hampering the growth of the market.

One of the strongest nut oils to use in culinary is pecan oil. It has a high amount of HDL good fats and a low fraction of LDL bad fats. It contains almost 90% unsaturated fats (50% mono and 40% poly). It also comprises a passable amount of Omega-9 fats. Pecan oil is brighter and lacks some of the condiments found in other oils. The fatty acid balance found in pecan oil has been shown to lower bad cholesterol and also reduce the risk of heart disease which is giving a huge opportunity for the market.
Key Development in Pecan Oil Market:
• In September 2022, one of the major sweetmeat manufacturers, Snickers, introduced a pecan bar under its popular brand. This limited edition Pecan Snickers hit the market hard and worked tremendously well.

• Some of the snacking classifications obtainable that most consumers favour are salted, unsalted, BBQ, and roasted pecans. Additionally, new product categories such as glazed pecans, butter-roasted pecans, maple glazed pecans, and others are incoming to the market.

• Pecan is a widespread snack in the United States, Canada, Mexico, and Western European countries due to its whacky flavour, taste, and availability in a variety of sizes and varieties. Food processors are stressing individual consumer targeting by submitting a variety of pecan snacks.

• Cane River Pecan Company celebrated its 50th anniversary in August 2022 with a pecan pie festival. The company wholesaled pecan pies filled with Boudin and sweet potato souffle at the festival and received positive feedback from customers.
Pecan Oil Market Segment Analysis:
By Product Type, the market is segmented into Cold Pressing Pecan Oil and Roasted Pecan Oil. The Cold Pressing Pecan Oil segment is expected to hold the highest market share in terms of revenue by 2029. Cold-pressed oil is thought to be superior when it comes to health benefits because it is mined at the lowest temperature conceivable to preserve the oil's natural truthfulness. Pecan oil contains 50% less saturated fat than olive oil which is the major reason for driving the growth of this segment.

However, Roasted Pecan Oil is expected to grow at a CAGR of 4.2% during the forecast period. Nuts, both raw and roasted, are nutritious and beneficial to health. Both varieties have analogous quantities of calories, protein, carbohydrates, and fibre. Roasting nuts, on the other hand, may lose healthy fat, reduce the nutrient content, and result in the establishment of a harmful substance known as acrylamide.

By Application, the market is segmented into Food Products, Medicines, Cosmetics and Others. The Food Products segment is expected to hold the highest market share in terms of revenue by 2029. Because of its high cooking temperature, pecan oil is suitable for all types of cooking thus rising in the food product segment. It can sear, saute, grill, braze, stir fry, and deep dry foods with it. It has a higher smoulder point than other cooking oils, at 470 F. The high smoke point of natural pecan oil makes it perfect for deep frying foods.

However, there is a wide usage of Pecan Oil for Medical purposes. It increases colon health. Pecan oil is high in vitamin E, making it an exceptional anti-inflammatory food. It aids in the usage or prevention of degenerative diseases. When cooked in them, it brings out the natural savour of the foods.
Pecan Oil Market Regional Insights:
The Latin American region accounted for the largest market share in 2022 for the market. The region of Latin America is observed to be the largest market for Pecan Oil. The occurrence of a large number of Pecan Tree manors in this region is the primary reason for the development of the Pecan Oil Market in this region. In this region, pecan oil is regarded as a healthy substitute for cooking oil. Furthermore, various organizations by local administrations to export Pecan Oil-based products have occasioned fabulous growth in the Pecan Oil Market in this region.

However, the European region is expected to grow at a CAGR of 5.2% during the forecast period. Pecan oil is widely used in cooking and as a medicine on a large scale. The high nutrient contented and anti-disease possessions have resulted in increased demand here. The main reasons for the consumption of Pecan oil in this region are rising contamination and health apprehensions.

In the late 1990s, Pecan Oil was announced to the Asia-Pacific region. Increased population, increased health concerns, and development in the standard of living in this region have occasioned growth for Pecan Oil in this region.

The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the market dynamics, structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the market makes the report investor's guide.
Pecan Oil Market Scope: Inquire before buying



Pecan Oil Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 0.58 Bn.


Forecast Period 2023 to 2029 CAGR:
3.9%
Market Size in 2029:
US $ 0.76 Bn.


 Segments Covered:
by Product Type
• Cold Pressing Pecan Oil
• Roasted Pecan Oil


by Application
• Food Products
• Medicines
• Cosmetics
• Others


by Distribution Channel
• Supermarket
• Convenience Store
• Online Stores



Pecan Oil Market, by Region:
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Pecan Oil Market Key Players are:
• Inglewood Farms
• Delta
• Kinloch
• Texas Pecan Ranch
• Latin Georgia Pecan Company
• Bates Nut Farm
• Guidry’s Organic Farms
• Oliver Farms
• Yates Pecan Company
• Achukma
• La Tourangelle
• MILENI08 Ltd.
• Sustainably Sourced
• Trader Joe’s
• Pointe Coupee Pecan

Frequently Asked Questions:

1] What segments are covered in the Pecan Oil Market report?
Ans. The segments covered in the Pecan Oil Market report are based on Product Type, Application and Distribution Channel.

2] Which region is expected to hold the highest share in the Pecan Oil Market?
Ans. The Latin American region is expected to hold the highest share in the Pecan Oil Market.

3] What is the market size of the Pecan Oil Market by 2029?
Ans. The market size of the Pecan Oil Market is expected to be 0.76 Bn. by 2029.

4] What is the forecast period for the Pecan Oil Market?
Ans. The forecast period for the Pecan Oil Market is 2023-2029.

5] What was the market size of the Pecan Oil market in 20221?
Ans. The market size of the Pecan Oil market in 2022 was US$ 0.58 Bn.