Demand for pecans is soaring, while current pecan inventories are at their lowest levels in years. This is due to a number of factors, including the increasing popularity of pecans as a healthy snack, and the growing popularity of pecan-based products.
The demand for pecans has been steadily increasing in recent years. This growth is being driven by a number of factors, including the increasing popularity of pecans as a healthy snack. Pecans are a good source of protein, fiber, and healthy fats, and they are also low in sugar.
In addition to the increasing demand for pecans as a snack, pecans are also being used in a growing number of products. Pecan-based products as well as oils and flours are making their way into various different dishes and recipes as a healthy alternative. This is due to the unique flavor and texture of pecans, which make them a versatile ingredient.
The ongoing drought in portions of pecan-growing regions of the United States is also contributing to the supply gap. This has caused the price of pecans to increase, on the farm but has the industry has been able to keep the shelf prices relatively stable.
The combination of increasing demand and decreased supply could lead to a shortage of pecans and a sharp increase in pecan prices. This is likely to continue in the near future, as the demand for pecans is expected to remain high.
The US domestic market has continued to lead the consumption however marketing activities in foreign countries is expected continue to increase demand in markets abroad.
Check out the full report with monthly and year chart comparisons of pecan demand and inventories at the link below: