What is the Historic and Current Scenario of the Recipe Pecan Market?
The recipe pecan market has seen considerable growth due to a variety of factors.
•The size of the recipe pecan market has seen remarkable growth in the past few years. The market, which is predicted to expand from $2.23 billion in 2024 to $2.39 billion in 2025, demonstrates a compound annual growth rate (CAGR) of 7.2%.
The growth during the historical period can be credited to several factors, such as the expansion of the food and beverage industry, increased awareness of health and nutrition, regional and cultural taste preferences, effective marketing and promotional strategies, as well as availability and procedural improvements in harvesting.
What are the Forecasted Growth and Key Factors of the Recipe Pecan Market?
The recipe pecan market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations are high for the recipe pecan market size, with substantial growth expected in the upcoming years. An increase to "$3.14 billion by 2029, with a compound annual growth rate (CAGR) of 7.1% is projected.
Factors contributing to this growth in the predicted period include a high demand for nutritious snacks, gourmet and unique dishes, a move towards plant-based meal plans, influencers in the culinary world, and celebrity backing. The forecast period also sees prominent trends such as culinary application diversification, a surge in the popularity of plant-based materials, creativity in dish preparation, fusion and experimentation in the culinary field, and health-aware consumer preferences.
What Main Forces Are Fueling Expansion In The Recipe Pecan Market?
The escalating enthusiasm for products derived from plants is projected to boost the recipe pecan market's evolution. Plant-based products, composed of plant-extracted components, consist of foodstuffs like meat substitutes derived from plants, non-dairy milk and cheese alternatives, and vegan sweets. The consumer awareness about the benefits of relying on plant-based products is heightening, which subsequently raises their demand. Pecans, being a plant-based product packed with calcium, magnesium, and potassium, assist in reducing blood pressure, thus upsurging the market for recipe pecan. For example, in May 2024, ProVeg International, a non-profit organization based in Germany, reported that the percentage of individuals adopting a pescatarian, vegetarian, or vegan diet experienced a growth from 35% in 2021 to 38% in 2023, with flexitarians witnessing the most noticeable surge. Consequently, the growing demand for plant-based products is stimulating the expansion of the recipe pecan market.
What Are The Primary Segments In The Global Recipe Pecan Market?
The recipe pecan market covered in this report is segmented –
1) By Type: In-shelled, Shelled
2) By Application: Directly Eat, Confectionery, Bakery
3) By Distribution Channel: Online, Offline
Subsegments:
1) By In-shelled: Raw In-shelled Pecans, Roasted In-shelled Pecans, Flavored In-shelled Pecans
2) By Shelled: Raw Shelled Pecans, Roasted Shelled Pecans, Chopped Shelled Pecans, Ground Shelled Pecans, Flavored Shelled Pecans
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Which Key Trends Are Driving Changes In The Recipe Pecan Market?
Leading businesses in the recipe pecan industry are prioritizing the creation of novel solutions such as pecan nut milk, in response to the rising demand for plant-based food substitutes. Pecan nut milk is a plant-inspired milk alternative derived from pecans, and is usually prepared by mixing pecans with water followed by straining the mixture to get rid of the solids. For example, in January 2024, Pecana, a pecan shelling enterprise from Austin, introduced its latest pecan nut milk range, starting with two varieties, Unsweetened PecanMilk and Unsweetened Vanilla PecanMilk. This pioneering product is non-perishable, free from gluten, vegan-friendly, and carefully made with a heavy concentration of superior pecans for a smooth and lush texture. Pecana, established by Kortney Chase who is deeply linked with pecan farming, aspires to offer a delicious and eco-friendly solution in the fast-growing plant-based milk market.
Who Are the Key Players in the Recipe Pecan Market?
Major companies operating in the recipe pecan market include:
• Green Valley Pecan Company
• Hudson Pecan Company Inc.
• John B. Sanfilippo & Son Inc.
• La Nogalera Group SA de CV
• Lamar Pecan Company
• Maco Pecan SA de CV
• National Pecan Company
• Navarro Pecan Company
• Oliver Pecan Company Inc.
• San Saba Pecan LP
• South Georgia Pecan Company
• Sun City Nut Company Inc.
• Whaley Pecan Company Inc.
• Atwell Pecan Company
• Durham-Ellis Pecan Company
• Golden Kernel Pecan Company
• Greenbrier Pecan Company
• Hill Country Pecan Company
• Indianola Pecan House
• Koinonia Farm Pecans
• Lenny's Pecans
• Millican Pecan Company
• Missouri Northern Pecan Growers
• Pearson Farm
• Pecan Deluxe Candy Company
• Pecan Grove Farms
• Royalty Pecan Farms
• Valley Pecans Products Inc.
• J & W Pecan Company
• New Mexico Pecan Company
• Pecan House
• Pecan Ridge Plantation
• Pecan Shoppe
• Pecan Valley Pecans
What Is The Most Dominant Region In The Recipe Pecan Market?
North America was the largest region in the recipe pecan market in 2024.North America is expected to be the fastest-growing region in the global recipe pecan market report during the forecast period. The regions covered in the recipe pecan market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
