Global Pecan Oil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Pecan Oil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Pecan oil is pressed oil extracted from the pecan nut. Its overall flavor is neutral with a mild hint of pecan. It has over 90% of unsaturated fats (50% mono and 40% poly). It also has a sufficient amount of Omega-9 fats. Its overall fat content is much lower than that of olive oil, peanut oil, corn oil, and butter.

Market Overview:

The latest research study on the global Pecan Oil market finds that the global Pecan Oil market reached a value of USD 198.65 million in 2022. It’s expected that the market will achieve USD 343.69 million by 2028, exhibiting a CAGR of 9.57% during the forecast period.

Pecan Oil Growth Drivers

Pecan oil is considered a healthy oil because it is high in monounsaturated fat, especially oleic acid (52.0%), which is low in saturated fat. It also contains linoleic acid (36.6%), palmitic (7.1%), stearic (2.2%) and linolenic acid (1.5%). The overall balance of fatty acids in oil may reduce LDL cholesterol (also known as bad cholesterol) and the risk of heart disease. Pecan oil is rich in vitamin E and has amazing anti-inflammatory properties. These benefits can help alleviate or prevent degenerative diseases. The American Heart Association has deemed that pecans are “heart healthy” and allowed them to be sold with the association’s “heart-check” printed on the label. As consumers pay more and more attention to health, they will change their lifestyle and the demand for healthy products will drive the development of Pecan Oil industry.
Pecan oil is extracted from pecan nut and used mainly in cooking. Pecan oil tends to have a mild or neutral smell and taste, making it a good blend with any recipe. Pecan oil also has a high smoke point of 470 degrees Fahrenheit (higher than other common cooking oils). This allows the oil and its flavor to remain intact longer at higher temperatures. In cosmetic use, pecan oil is most often found in soaps, perfumes, or lotions to prevent and treat dry skin. Pecan oil is considered a carrier oil and is used in aromatherapy in order to dilute essential oils for application. Carrier oils, like pecan oil, have a thicker texture and are mostly odorless, so they can help reduce the harsh smell of essential oils. The growing demand of downstream industries will drive the development of Pecan Oil industry.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Kinloch Plantation Products, The Art of Pecan, La Tourangelle, with the revenue market share of 4.44%, 3.58%, 3.05% in 2021.

Kinloch Plantation Products was founded by Tommy Hatfield, owner and president. Tommy started the company with his flagship product, pecan oil, as a way to showcase the produce of Louisiana. A trip to Italy led Tommy to add the IGP balsamic vinegar (a great compliment to pecan oil) to his product line up.

The Art of Pecan develop and manufacture innovative foods derived from the American native pecan. The Art of Pecan is an artisan producer in Dripping Springs, Texas that specializes in pecans. Pecan nuts, oil, flour, and smoking shells are all available here. The pecan oil that it offers is expeller-pressed in small batches. No chemicals, no solvents, no additives.

Segmentation Overview:

Among different product types, Refined Pecan Oil segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Edible Oil segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Pecan Oil market covered in Chapter 3:

Missouri Northern Pecan Growers
Achukma
Oliver Farm
Pointe Coupee Pecan
The Art of Pecan
Guidry Organic Farms
Kinloch Plantation Products
Artisan Oil Mill
La Tourangelle

In Chapter 4 and Chapter 14.2, on the basis of types, the Pecan Oil market from 2018 to 2029 is primarily split into:

Extra Virgin Pecan Oil
Refined Pecan Oil

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pecan Oil market from 2018 to 2029 covers:

Edible Oil
Cosmetics & Skin Care Products
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)