Recipe Pecan Market – Global Industry Analysis and Forecasts 2023-2029

Recipe Pecan Market was valued at US$ 2.34 Bn. in 2022. The Global Recipe Pecan Market size is estimated to grow at a CAGR of 6.8 % over the forecast period.
Recipe Pecan Market Overview:
The pecan is a nut from a species of hickory trees native to Northern Mexico. It is a nutrition powerhouse loaded with vitamins and minerals. The high monounsaturated oil results in pecan’s distinct flavor and texture, making it the fattiest among all the nuts. It goes well in savory and sweet dishes, most famously pecan pie. The United States exports up to 80% of the world’s pecan. It is a great source of monounsaturated fatty acids, a type of fat that may benefit heart health. Pecan adds crunch and flavor to my recipes like maple syrup, bourbon, chocolate, and even sweet potato.

The report explores the Recipe pecan market's segments (Type, Interferometer Type, Application, End-User, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the recipe pecan market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the recipe pecan market's contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report

The COVID-19 pandemic left the economy negatively affected around the world. It has affected food industries and brought a food service industry near stop. Due to the lockdown implemented across the globe, it was projected that it will affect the global pecan supply and put a halt to the movement of inventory because people are staying at their homes there were no gatherings. But pecan’s digital marketing strategy aligned well with consumers to keep pecans top of mind resulting in an increase in demand for the recipe pecan market during the pandemic.
Recipe Pecan Market Dynamics:
The increasing number of health-conscious customers is driving the growth of the global pecan market. The rising demand for plant-based food products is influencing the sales of the recipe pecan market across the globe. Pecan products are trending in the market because they have many health benefits such as they contain anti-inflammatory properties which help in reducing heart disease.

Due to their nutty flavor, taste, and availability in multiple varieties, they are widely consumed as a snack in various countries across the globe. The retailers should emphasize the healthy, delicious ingredient all four seasons they are working on recipes and usage of pecans which is not seasonal.
Recipe Pecan Market Trends:
Domestic shipments are the driver behind the growth representing an increase of 42.5% over last year. The domestic shipment of the pecan industry has grown from approximately 142 million pounds to 315 million pounds in the year 2022. Post pandemic peoples are more concerned about their immunity pecan is important for immunity as it provides mineral zinc, which is crucial for immune cell development and function.
Recipe Pecan Market Segment Analysis:
Based on Type, the Recipe Pecan Market is segmented into In-shell Pecan and Shelled Pecan. In-shell segment dominates the market and will remain the same during the forecast period. Because they can be kept in a cool and dry place for around 6-12 months without losing any freshness and flavor and they can be placed in an airtight container and kept in the freezer for up to 2 years. Shelled pecans are available all year round but in-shelled are available only in autumn.Based on the Application, the Recipe Pecan Market is segmented into Directly eat, Confectionery and Bakery. The Bakery segment dominates the market and will remain the same during the forecast period because pecan-based products such as pecan muffins, pecan biscuits, and many other pecan-based bakery products are becoming popular as a part of a healthy diet.
Recipe Pecan Market Regional Insights:
The North American region held the largest market share accounting for 30% in 2022. The rising pecan consumption because consumers are focusing on the nutrition factor is expected to drive the pecan market in this region. Mexico is the leading exporter of pecans accounting for 62% of all the exports. It mainly exports to the US and some European countries

The Asia Pacific region is expected to witness significant growth during the forecast period. The demand for pecans is increasing at a higher rate which led the producers in the country to boost their production and expand the pecan market.

The objective of the report is to present a comprehensive analysis of the global Recipe Pecan 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 Recipe Pecan Market dynamic, and structure by analyzing the market segments and projecting the Recipe Pecan Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Recipe Pecan Market make the report investor’s guide.
Recipe Pecan Market Scope: Inquiry Before Buying



Global Recipe Pecan Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
6.8%
US$ 2.2 Bn
US$ 3.72 Bn


Segments Covered


by Type
In-shelled
Shelled
by Application
Directly eat
Confectionery
Bakery


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Recipe Pecan Market Key Players are:
1. John B. Sanfilippo & Son
2. Navarro Pecan Company
3. Green Valley
4. ADM
5. San Saba
6. Lamar Pecan Co.
7. Hudson Pecan Co.
8. National Pecan Co.
9. Oliver Pecan Co.
10. Whaley Pecan Company
11. South Georgia Pecan Company
12. La Nogalera Group
13. Sun City Nut Company
14. MACO

Frequently asked questions

1. What are the key factors driving the market?
Ans- Increasing consumer awareness regarding their health benefits and rising demand for plant-based products are the major factor driving the growth of the market.

2. How much will be the global market worth in 2029?
Ans- Global pecan market valued at US$ 3.72 bn during the forecast period.

3. What segments are covered in the global market?
Ans- The market is segmented into type, application, and geography.

4. Which region is expected to hold the highest Global Market share?
Ans. The Asia Pacific dominates the market share in the market.

5. What is the Forecast Period of Global Market ?
Ans. The Forecast Period of the market is 2023-2029 in the market.