Pecan oil is a heart friendly cooking oil having a higher smoke point which helps proper browning of the meat and not burning it. The roasted pecan oil has a slight buttery, nutty yet neutral taste of the oil makes it perfect for the use of salad dressings. It also provides a low saturated fat content of 9% which makes it unique even in comparison to olive oils 14%. Apart from its low saturated fat content, it is a rich source of other nutrition such as rich supply of monounsaturated oleic and linoleic acid as well as anti-oxidants, protein, vitamins A, B, C, and K, minerals such as calcium, iron, magnesium, manganese, phosphorus and potassium. Pecan oil has various health benefits like, it helps to reduce the risk of coronary disease, stroke, high blood pressure, diabetic neuropathy, and rheumatoid arthritis. Pecan oil’s market is expected to be well endowed due to its taste and derived nutritional content.
Pecan Oil Market Segmentation:
The global pecan oil market is segmented on the basis of product type, distribution channel, and region. Based on product type, the global pecan oil market is segmented into two main segments; Cold pressed pecan oil and roasted pecan oil. The cold pressed pecan oil is pure oil obtained by cold pressing method and no heat is applied to it, it is a healthy cooking oil option and provides a good substitute to other cooking oils and butters. This segment of pecan oil is highly attractive to consumer’s having high health concerns. The roasted pecan oil on the other hand is obtained by roasting the raw nuts to get the desired flavor, it provides a delicious salad dressing which melts very well with creamy texture, acidity flavor and soft spices, for this reason the roasted pecan oil is expected to grow a steady demand in market of pecan oil in the forecast period.
Based on distribution channel, the global pecan oil market is segmented as departmental stores, online retail, supermarkets/hypermarkets, and specialty food stores. Among which, sales through the Internet and select retail stores are expected to increase its revenue shares over the forecast period.
Pecan oil Market Regional Outlook:
On the basis of regions, the pecan oil market is segmented into following key regions; North America, Latin America, Western Europe, Asia Pacific and Middle East. Latin American region has the major share of global pecan oil market which is expected to grow at a steady rate. Apart from United States of America Brazil, South Africa and Israel are few countries where the pecan oil market is expected to rise at a relatively higher growth rate over the forecast period. This is attributed to the high amount of pecan tree plantation and amplified demand of healthy cooking oil among consumers.
Pecan Oil Market Drivers and Trends:
The pecan oil market is mainly driven by the increased health consciousness and awareness among consumers regarding health benefits of various natural plant based products and its safety in use. Another leading factor expected to lead the market is the macroeconomic factors such as rise in spendable income, with the rise in income of consumers synergized with the health concerns, pecan oil market is expected to upsurge in the forecast period.
Other factors like uniqueness in flavor, nutty yet neutral taste of pecan oil is expected to drive the market of pecan oil.
Pecan Oil Market Key Players:
The market is highly fragmented with global as well as regional players. Some of the key players in the global pecan oil market includes; Kinloch, La Tourangelle, Delta, Bates Nut Farm, South Georgia Pecan Co, Inglewood Farms, Yates Pecan Company, Achukma, Oliver Farms, Texas Pecan Ranch and Guidry's Organic Farms.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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10. What will be the barrier to entry for new players in the market?
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