Pecan Market

Pecan Market

Global Market Study on Pecans: Rising Demand for Plant-based Food Products Complementing Market Growth

  • XPLREP2357

  • June, 2020

  • 320 Pages

  • Food

Rising Awareness Among Consumers Regarding Health Benefits of Pecans Ensure Substantial Growth

The global pecans market is projected to progress at a healthy pace during the forecast period, according to a new market study by XploreMR. The growth of the market is predominantly attributed to evolving consumer preferences and growing demand for healthy and nutritious nuts. Moreover, rising awareness among consumers regarding health benefits possessed by pecan nuts is transmuting into revenue opportunities as a result of increasing awareness.

Being a source of 14 types of vitamins and minerals, pecan nuts are gaining traction among health-conscious consumers as a part of their regular diets. Furthermore, consumption of pecans in production of a wide range of snacks is also expected to boost the demand. The aforementioned factors will continue to drive the global pecans market on a positive growth trajectory through the forecast period.

Strong Nutritional Composition Ensures Adoption in Bakery and Snacks Food Products

Owing to increasing health consciousness among consumers, coupled with strong nutritional composition, pecans are finding adoption in the preparation of numerous food products. In addition to 14 essential vitamins and minerals, pecans are a rich source of strong natural antioxidants and protein sources, thus making them an ideal ingredient in the production of snacks.

Leveraging the demand for pecan-based food products, players in the food and bakery sectors are offering products such as pecan muffins, pecan biscuits, and other pecan-based bakery products which are gaining popularity. Moreover, the wide-scale availability of pecan nuts is aiding the adoption alike. Backed by their health and nutrition factors, the demand for pecans will remain steady on the higher side through the forecast period.

Growing Demand for Diverse Range of Pecan Snacks Shapes Growth Strategies

In the recent past, pecan nuts have gained prominence as a snack among consumers across the U.S., Canada, Mexico, and Western European countries, on the back of its nutty flavor, taste, and availability in different varieties and sizes. To capitalize on the untapped consumer demography, manufacturers are targeting individual consumers by offering multiple types of pecan snacks. For instance, flavors such as salted, unsalted, BBQ, and roasted pecans are some of the popular snacking categories preferred by consumers.

Furthermore, manufacturers are also introducing innovative variants such as glazed pecans, butter-roasted pecans, maple glazed pecans, and others. Moreover, players in the confectionery sectors are introducing pecan based products such as candies, chocolate, pralines, honey glazed pecans, milk chocolate pecans, and others which are finding remarkable adoption among consumers.

For instance, in September 2019, a leading confectionery played launched a pecan bar under its popular brand - Snickers, which gained significant traction within a short span of launch. Such innovations will continue to complement market growth in the forthcoming years.

Europe and ASEAN Countries Contribute for Majority of Global Revenue

The pecan market is forecasted to gain remunerative opportunities among developing economies such as China and other ASEAN countries, owing to surging consumption. The aforementioned regions drive the majority of sales for in-shell pecans, while Europe holds a prominent share in the shelled pecans segment. The revenue of the shelled pecans segment is concentrated in the U.K., Netherlands, other Western European regions.

Encircling back to China, the demand for pecans in the region is growing at a healthy rate backed by increasing health consciousness among consumers. On this premise, regional players are expanding their production capacities and are seeking opportunities to widen their import base. Leveraging the demand from China, Mexico is tapping into this market by prioritizing pecan as a key export product to the Chinese market.

Pecan Market: Report Scope

A latest market report by XploreMR on the global pecan market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global pecan market for the forecast period of 2020-2030. The report provides a detailed assessment of key market dynamics and comprehensive information about the structure of the global pecan market. This market study contains exclusive insights into how the global pecan market is anticipated to grow during the forecast period of 2020-2030.

The primary objective of the global pecan market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with pecan. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for overall forecasts, to enable readers to better understand the analysis and evaluation of the global pecan market, and to discover lucrative opportunities in the market.

This report also provides an estimate of the global pecan market size and corresponding revenue forecasts carried out in terms of absolute $ opportunity. It also offers actionable insights based on future trends in the pecan market. Furthermore, new and emerging players in the global pecan market can make use of the information presented in the study for effective business decisions, which will provide momentum to their businesses as well as the global pecan market.

The study is relevant for producers, manufacturers, suppliers, distributors, and investors in the global pecan market. All stakeholders in the global pecan market, as well as industry experts, researchers, journalists, and business researchers can leverage the information and data represented in XploreMR’s report.

Global Pecan Market: Research Methodology

XploreMR is committed to providing unbiased market research solutions to its clients. XploreMR follows a robust methodology for the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global pecan market and reach conclusions about the future growth factors of the market. XploreMR’s research methodology comprises primary research methods coupled with secondary research methods, which ensure the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions - North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which XploreMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level, to create global market measurements. Our main sources of research include:

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Research

XploreMR’s report on the global pecan market offers information divided into five segments - product type, form, end use, distribution channel, and region.

Product Type

  • In-shell
  • Shelled


Form

 

  • Raw/Whole
  • Processed

End Use

  • Food Industry
    • Bakery & Confectionery
    • Snacks & Meals
    • Dairy & Desserts
    • Beverages
  • Dietary Supplements
  • Cosmetics & Personal Care
  • Retail/Households

Distribution Channel

  • Business to Business
    • Business to Consumer
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Retail
    • Online Retail

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa
Purchase Options
Global Market Study on Pecans: Rising Demand for Plant-based Food Products Complementing Market Growth
Buy Now
Custom Market Research Services

Custom Market Research Services

xploreMR offers custom market reserch services that help clients to get information on their business scenario required where syndicated solutions are not enough

Why Choose XploreMR

Why Choose XploreMR
  • Analyst Support

    Our analysts go above and beyond to answer your specific queries. We are with you throughout the entire journey – from initial discussion to post-purchase.

  • Country-wise Analysis & Forecasting

    As we track markets at country-level, we are able to offer hard-to-find market intelligence in both developed and emerging countries.

  • High Quality At Competitive Pricing

    We believe high quality market research shouldn’t be out of reach for businesses. Our competitively-priced market research reports ensure businesses of all sizes have access to quality information

Popular Reports

report
Quillaja Extract Market Forecast, Trend Analysis & Opportunity Assessment 2021 - 2031

A recent market study published by XploreMR on the Quillaja extract market offers global industry analysis for 2016-2020 & opportunity assessment for 2021–2031s. The study offers a comprehen ...

report
Postnatal Health Supplements Market Forecast, Trend Analysis & Opportunity Assessment 2021 - 2031

A recent market study published by XploreMR on the postnatal health supplements market offers a global industry analysis for 2016-2020 & opportunity assessment for 2021–2031. The study offer ...