Global Pecan Nut Market Trends | Market Set to Grow at a CAGR of 4.54% by 2029
According to our research data, the estimated global pecan nut market size in 2024 is $1749 million, an increase from 2023, and is expected to continue growing to $2184 million by 2029. The CAGR for 2024-2029 is estimated to be 4.54%.
Pecan nut is a woody plant belonging to the walnut family and genus Carya. Its nuts are rich in oil, with a unique aroma and texture, making it one of the plants with the highest oil content. The calorie value of oil is close to that of butter. Pecan nuts are native to temperate regions of North America and are cultivated in provinces such as Hebei, Henan, Jiangsu, and Zhejiang in China.
Related?Market?Research?Report:?2024 Global Pecan Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast
Overview of Market Development
Pecan nuts are not only famous dried fruits, but also excellent oil and wood species with high economic value. In recent years, with the popularization of healthy eating concepts, the demand for Pecan nuts in the market has continued to increase, and the market size has steadily expanded.
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global Pecan nut market is moderate, The total revenue share of the top 3 companies in the pecan nut market in 2023 is 43.17%. The top three companies are La Nogalera Group, National Pecan Company, and Golden Peanut and Tree Nuts. In 2023, these three companies accounted for 18.07%, 14.82%, and 10.28% of the global walnut market revenue, respectively.
Market Segmentation by Company
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Global Pecan Nut Market Size Forecast and Competition Pattern Analysis
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Segmented Market Analysis
From the perspective of product types, Pecan nuts can be divided into two categories: shelled pecan nuts and shelled pecan nuts. Among them, shelled pecan nuts dominate the market, with an expected market share of 81.48% by 2024.
Market Segmentation by Classification
Market Segmentation by End-Users
From a regional perspective, North America and the Asia Pacific region are the main consumer and revenue markets for pecan nuts. These two regions account for nearly 80% of the global revenue from the pecan nut market. Among all regions, North America is the largest revenue market. According to the data, the estimated revenue of the pecan nut market in North America is $815 million in 2024, and the market share is expected to reach 45.60%.
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