Pecan Market Revenue is Expected to Reach US$ 3,000 Mn by 2026

Pecan Market Accounting for US$ 3,000 Mn by 2026
Pecans are tree nut crops that are known for their buttery flavour and
healthy attributes. The market of pecans is witnessing an upsurge with the
rise in product adoption. Persistence Market Research (PMR) highlights the growth trajectory of the
global pecans market in a new report titled ‘Pecan Market: Global Industry Analysis 2013 – 2017
and Forecast 2018 – 2026’. Revenue growth of the global market is primarily driven by a rise in
acceptance of pecans in many application areas, and also by the growing awareness about the
various health benefits of pecans. According to the outcomes of PMR’s in-depth research, the global
pecan market is expected to hold a market value of over US$ 1,700 Mn in 2018, and reach a
valuation of over US$ 3,000 Mn by the end of 2026. The global market is anticipated to witness a
growth rate of 6.9% during the forecast period 2018 – 2026.
Report overview @ https://www.persistencemarketresearch.com/market-research/pecan-market.asp
What’s Trending the Global Market for Pecans? : Lately, people are becoming increasingly aware of
the various health benefits associated with pecans. The presence of minerals, vitamins, and
antioxidants makes pecans gain more likelihood of application in various industries such as
household, commercial and industrial. The pecan market is gradually expanding in non-traditional
regions such as China, South Africa, Vietnam, Mexico, etc. There is also a boost in the export of
pecans especially by China. The demand for pecans is rapidly expanding across the world, which
has improved the production capacity as well as import base.
Some of the other trends that have helped augment market growth include pecans being used as a
substitute to other expensive nuts. Some of the expensive nuts like pistachios are being replaced by
pecans, which are quite similar in taste and nutritional value but less expensive. Pecans are the ideal
nut for consumption by middle or lower income families. As more people become aware of these
trends, the global pecan market is expected to witness a leap in the foreseeable future.
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Pecan Market: Segmental Analysis : The global market comprises pecans of both organic and
conventional nature. Segmental analysis of the global pecan market reveals that conventional
pecans hold a much higher market value currently; however, organic pecans are expected to surpass
this growth and witness higher demand in the upcoming years. It is also expected that the use of
pecans will be higher by households in the coming years, while the current consumption is higher in
the industrial segment.
Among the regional pecan markets, North America currently holds the highest market value and is
projected to reach a valuation of more than US$ 1,400 Mn by the end of 2026. In terms of growth
rate, APAC is expected to witness an impressive growth rate with the highest regional CAGR of
9.4% during the forecast period.
This comprehensive research report presents a brief profile of all the leading companies operating in
the global pecan market. A section on the company profiles includes a SWOT analysis, helping
readers obtain a clear picture of the current level of competition prevalent in the global market.
Some of the leading companies mentioned in the report include Missouri Northern Peccan
Manufacturers, Farmers Investment Co., The Kraft Heinz Company, and Sahale Snacks.