Recipe Pecan Global Market 2024 To Reach $2.92 Billion By 2028 At Rate Of 6.9%

LONDON, GREATER LONDON, UK, August 9, 2024 /EINPresswire.com/ -- The recipe pecan market has experienced robust growth in recent years, expanding from $2.08 billion in 2023 to $2.23 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to growth in the food and beverage industry, health and nutrition awareness, regional and cultural preferences, marketing and promotion efforts, availability, and harvesting practices.

Strong Future Growth Anticipated
The recipe pecan market is projected to continue its strong growth, reaching $2.92 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to demand for healthy snacks, gourmet and specialty cuisine, a shift towards plant-based diets, culinary influencers, and celebrity endorsements.

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Growth Driver Of The Recipe Pecan Market
The rising demand for plant-based products is expected to propel the growth of the recipe pecan market going forward. Plant-based products are products made from plant-derived ingredients and they include food items such as plant-based meat alternatives, dairy-free milk and cheese alternatives, and vegan desserts. Due to the growing awareness among consumers about the use of plant-based products, the demand for plant-based products is increasing. Pecan is a plant-based product and a good source of calcium, magnesium, and potassium, which help lower blood pressure leading to an increase in the market of recipe pecan.

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Major Players And Market Trends
Key players in the recipe pecan market include Archer Daniels Midland Company, Green Valley Pecan Company, Hudson Pecan Company Inc., John B. Sanfilippo & Son Inc.
Major companies operating in the recipe pecan market are developing innovative products to drive revenues in the market. The launch of the Caramel White Chocolate & Texan Pecan ice cream by Nuii demonstrates the company's commitment to innovation and creating unique and delicious flavors that cater to consumer preferences and tastes.

Segments:
1) By Type: In-shelled, Shelled
2) By Application: Directly Eat, Confectionery, Bakery
3) By Distribution Channel: Online, Offline

Geographical Insights: North America Leading The Market
North America was the largest region in the recipe pecan market in 2023. 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

Recipe Pecan Market Definition
Recipe pecan refers to the preparation of a pecan recipe using an oblong edible nut from the fruit of a tall tree that has a thin shell. Recipe pecan consists of calcium, magnesium, and potassium, which help lower blood pressure and help in the maintenance of health.

Recipe Pecan Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Recipe Pecan Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on recipe pecan market size, recipe pecan market drivers and trends, recipe pecan market major players, recipe pecan competitors' revenues, recipe pecan market positioning, and recipe pecan market growth across geographies. The recipe pecan market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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