Global Pecan Nuts Market Status: The US is the Largest producer with a Share of 48.79%

Global Pecan Nuts Market Overview

According to Global Market Monitor, the global pecan nuts market will reach $1961.25 million in 2024, with a CAGR of 7.41% from 2024 to 2029.

Pecan is a tree species of hickory, native to northern Mexico and southern United States. Pecans are edible nuts that can be used as snacks and in various recipes. Pecans have the characteristics of thin shell and thick, crispy and delicious, and rich in nutrition.

Regional Market

Pecan nuts, native to northern Mexico and the southern United States, are edible and can be used as snacks and in various recipes with thin shells thick, crispy taste, and rich nutrition.China is a big consumer of pecans.

The United States is the world's largest producer of pecans. The United States and Mexico together account for more than 93 percent of global production, and other countries producing pecans include Australia, Brazil, Israel, Peru, and South Africa. More than three-quarters of the pecans grown in the United States come from Georgia, New Mexico, and Texas.

Market Restraints: Threat of Substitutes and Price Fluctuations

There are many substitutes for pecans, and the existence and development of the substitute product market will affect the pecan market. Walnuts have a higher protein content than pecans, which is one of its nutritional advantages over pecans. The vitamin E content in walnuts is also higher than that of pecans. Although pecans and walnuts are relatively similar in terms of nutritional content and value, in terms of calories, walnuts are lower than pecans. As a substitute for pecan, the development of its market will affect the pecan market.

Because of the reduction of land, the production cost of pecans has increased. At the same time, the price of pecans is also affected by tariffs. With high import tariffs, product prices rise. Natural factors cannot be ignored in the price of pecans. Every year, unpredictable natural disasters occur in certain areas, especially droughts or floods, seriously affecting the harvest of pecans, and leading to an increase in the price of pecans and other nuts. Many factors affect the price of pecans, so it is always fluctuating.

Drivers	Pecan nuts are high in nutrients and have many health benefits.
	Increased supply of pecans drives consumption trends.
	The boom in vegetarianism drives the demand for nuts.
	Consumers’ eating habits are getting healthier.
Restraints	Pecans have the highest fat content in nuts.
	The trade war between the U.S. and China has an impact on the pecan market.
	The existence and development of the alternative product market will affect the pecan market.
	Pecan's price fluctuations

For more industry information, please refer to our latest released "2023 Global Pecan Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".