Pecan Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Top Pecan Producing Countries and the Market is Segmented by Geography (United States, Canada, Mexico, Germany, Netherlands, United Kingdom, France, Israel, China, Japan, Australia, Brazil, Argentina, And South Africa). The Report Includes Analysis Based On Production (Volume), Consumption (Volume and Value), Import (Volume and Value), Export (Volume and Value), And Price Trend. The Report Offers Market Size and Forecasts in Terms of Value (USD) and Volume (Metric Tons) for all the Above Segments.


Pecan Market Size

Pecans Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 0.89 Billion
Market Size (2029) USD 1.16 Billion
CAGR (2024 - 2029) 5.60 %

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Pecan Market Analysis

The Pecan Market size is estimated at USD 0.89 billion in 2024, and is expected to reach USD 1.16 billion by 2029, growing at a CAGR of 5.60% during the forecast period (2024-2029).

The Pecan market has been flourishing around the globe due to the rising health consciousness and the inclination of people toward healthy food options. Pecan is a nutritionally rich food containing vitamin C, niacin, Vitamin B-6, and essential minerals, including calcium, copper, iron, magnesium, manganese, phosphorus, and zinc. Additionally, the increasing per capita spending on vegan foods supplements the market growth. Besides this, the United States and Mexico are the major Pecan producing countries, accounting for more than 45% of the global production. Also, the United States is one of the major consumers of Pecan nuts because of quintessential recipes in their culinary arts, which supports the Pecan consumption in the country. However, unexpected adverse weather conditions often restrain the growth of the Pecan market. For instance, in 2023, the frequent strong winds and insufficient rainfall in the United States led to severe yield loss in the significant Pecan cultivation areas, leading to soaring Pecan prices in the U.S. and the international market.

Pecan Market Trends

Increased Awareness About Health Benefits Associated With Pecan Consumption

The pecan is usually called a tree nut and is native to the North American region. Pecans are a good source of calcium, magnesium, and potassium, which help lower blood pressure. Due to increasing demand for plant-based food products, pecan-based products are increasingly becoming popular among health-conscious consumers. Along with this, the increasing prevalence of allergies and intolerance to certain ingredients such as lactose and gluten are promoting the use of pecan amongst individuals to fulfill their nutritional needs. Moreover, players are incorporating pecan in dietary supplements typically designed to help support healthy cholesterol levels, heart health, weight loss, and digestion. For instance, in 2023, Aloha launched a limited-edition Chocolate Caramel Pecan protein bar flavor. The new protein bar and organic Pecan organic pecans consist of organic dark chocolate, brown rice, and pumpkin seed protein blend. 

Pecan Market: Production of tree nuts worldwide, type, in thousand metric tons, 2023

United States Is The Biggest Consumer Of Pecan

Along with the higher production, the United States is one of the largest pecan consumers globally. Furthermore, pecan consumption is mainly concentrated in states in the country, such as California, Florida, New York, Texas, and New Jersey. The growing health consciousness among consumers is one of the major drivers for boosting pecan consumption in the country. Moreover, due to the popularity of plant-based dietary options, players are launching processed pecan products, such as milk and cheese spreads, suitable for vegetarian, vegan, and lactose-intolerant populations. For instance, in 2024, the Pecan company launched two flavors of pecan milk in the country. Pecan nuts are also widely used in manufacturing a variety of snacks, chocolate bars, biscuits, and other food items in the country. The increase in usage of pecan in the food and beverage industry is anticipated to boost pecan consumption in the coming years. 

Pecans Market: Per capita consumption of tree nuts (shelled), in pounds, the United States, 2020-2022

Pecan Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Awareness About Health Benefits Associated With Pecan Consumption

      2. 4.2.2 Wide Application of Pecan

    3. 4.3 Market Restraints

      1. 4.3.1 Volatility in the Prices

      2. 4.3.2 Adverse Weather Conditions Affecting Yield

    4. 4.4 Value Chain Analysis


    1. 5.1 Geography (Production Analysis, Consumption Analysis by Value and Volume, Import Market Analysis by Value and Volume, Export Market Analysis by Value and Volume, and Price Trend Analysis)

      1. 5.1.1 United States

      2. 5.1.2 Canada

      3. 5.1.3 Mexico

      4. 5.1.4 Germany

      5. 5.1.5 Netherlands

      6. 5.1.6 United Kingdom

      7. 5.1.7 France

      8. 5.1.8 Israel

      9. 5.1.9 China

      10. 5.1.10 Japan

      11. 5.1.11 Australia

      12. 5.1.12 Brazil

      13. 5.1.13 Argentina

      14. 5.1.14 South Africa


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Pecan Industry Segmentation

Pecans are nuts grown on trees similar to walnuts and used in beverages. Pecans are the most demanded plant-based protein as they offer antioxidant benefits. For the purpose of the study, both shelled and in-shell nuts have been considered for evaluating the consumption patterns of pecan across global demographics. The Pecan market is segmented by geography (United States, Canada, Mexico, Germany, Netherlands, United Kingdom, France, Israel, China, Japan, Australia, Brazil, Argentina, And South Africa). The report includes analysis based on production (volume), consumption (volume and value), import (volume and value), export (volume and value), and price trend analysis. The report offers market size and forecasts in terms of value (USD) and volume (Metric tons) for all the above segments.

Geography (Production Analysis, Consumption Analysis by Value and Volume, Import Market Analysis by Value and Volume, Export Market Analysis by Value and Volume, and Price Trend Analysis)
United States
United Kingdom
South Africa
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Pecan Market Research FAQs

The Pecan Market size is expected to reach USD 0.89 billion in 2024 and grow at a CAGR of 5.60% to reach USD 1.16 billion by 2029.

In 2024, the Pecan Market size is expected to reach USD 0.89 billion.

In 2023, the Pecan Market size was estimated at USD 0.84 billion. The report covers the Pecan Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Pecan Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

The major challenges faced by pecan growers and producers are a) Pests b) Climate change impacting yields c) Labor shortages

The key factors influencing pecan prices in the global market are a) Production volumes b) Weather conditions c) Demand from key consumer regions

Pecan Industry Report

The global pecan market is thriving, fueled by growing consumer awareness of their health benefits, including essential fats, vitamins, and minerals, leading to increased demand in food, dietary supplements, and cosmetics. The versatility and nutritional value of pecans cater to the rising plant-based and vegan trends, with a shift towards sustainable farming to ensure long-term orchard viability and meet eco-friendly production expectations. Despite climate challenges, the market's strength lies in robust production and export strategies, especially in developed economies. The pecan report underscores the importance of international quality standards and B2B distribution for logistics and compliance, offering a competitive landscape and industry growth insights. According to Mordor Intelligence™ Industry Reports, the pecan market is witnessing significant share, size, and revenue growth, with a detailed forecast and historical analysis available in a free report PDF download, highlighting market opportunities and trends.

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Pecan Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)