NEW YORK, June 25, 2024 /PRNewswire/ — The global pumpkin seed market size is estimated to grow further $1.50 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 16.5% during the forecast period. The health benefits of pumpkin seeds are driving market growth, with a trend towards increasing availability through online retailers. However, fierce competition from other superfood products, such as quinoa and hemp-based food products, poses a challenge. Key market players include AKS NEV Ltd., Antonio Foods, Conagra Brands Inc., Conscious Food Pvt. Ltd., Ebro Foods SA, Giant Snacks Inc., Happilo International Pvt. Ltd., Howard Dill Enterprises, HW Wellness Solutions Pvt. Ltd., Johnvince Foods Ltd., Krispy Kernels, McCormick and Co. Inc., Meridian Foods Ltd., Nestle SA, PepsiCo Inc., Prana Organic, Rizhao Golden Nut Group, Seeds for AfricaShandong Farmer Land Foodstuff Co. Ltd., and Shandong Jinsheng Cereals and Oils Industrial Co. Ltd.
Technavio has announced its latest market research report entitled Global Pumpkin Seeds Market 2024-2028
Get detailed analysis of regions, market segments, customer landscape and companies- View the snapshot of this report
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Market size of pumpkin seeds |
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Report Coverage |
Details |
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Basic year |
2023 |
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Historical period |
2018 – 2022 |
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Forecast period |
2024-2028 |
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Growth momentum and CAGR |
Accelerate at a CAGR of 16.5% |
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Market growth 2024-2028 |
$1506.8 million |
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Market structure |
Fragmented |
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Year-on-year growth 2022-2023 (%) |
13.79 |
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Regional analysis |
APAC, Europe, North America, South America and the Middle East & Africa |
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Carrying out a market contribution |
APAC at 36% |
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Most important countries |
China, USA, India, Spain and UK |
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Key companies profiled |
AKS NEV Ltd., Antonio Foods, Conagra Brands Inc., Conscious Food Pvt. Ltd., Ebro Foods SA, Giant Snacks Inc., Happilo International Pvt. Ltd., Howard Dill Enterprises, HW Wellness Solutions Pvt. Ltd., Johnvince Foods Ltd., Krispy Kernels, McCormick and Co. Inc., Meridian Foods Ltd., Nestle SA, PepsiCo Inc., Prana Organic, Rizhao Golden Nut Group, Seeds for Africa, Shandong Farmer Land Foodstuff Co. Ltd. and Shandong Jinsheng Grains and Oils Industrial Co. Ltd. |
Market manager
The global pumpkin seed market is witnessing significant growth due to the expansion of e-commerce companies. E-commerce accounts for about 12% of the global retail trade and facilitates both B2B and B2C transactions. The popularity of online shopping is increasing due to its convenience, with the average online transaction value and number of transactions increasing. The growing number of internet users and their preference for online shopping are contributing to this trend. Online retailers offer efficient customer service, enhanced security and user-friendly designs, which is driving manufacturers to focus on the internet-savvy customer segment. The operating costs and overheads are lower in online retailing, making it an attractive business model for suppliers.
The pumpkin seeds market is witnessing significant growth due to increasing consumer awareness about their health benefits. These seeds are rich in minerals, proteins and healthy fats. In recent years, roasted pumpkin seeds have become a popular snack, especially during the fall season. Consumers also use pumpkin seeds in various dishes, such as salads, pastries and soups. In addition, the functional food industry is exploring new applications for pumpkin seeds, including protein supplements and functional beverages. The market is expected to continue to grow, driven by consumer demand for natural, healthy snacks. Manufacturers are focusing on improving production processes to meet this demand. The market is also seeing innovation in packaging and distribution channels to reach a wider audience. Overall, the pumpkin seed market is a trend sector in the food industry.
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Market challenges
- The global growth of the pumpkin seeds market is slowing down due to the increasing penetration of pumpkin seeds as a niche category in the health and wellness food market. Despite rising demand, growth will slow down over the forecast period. Hemp and quinoa provide greater competition due to their nutritional benefits and easy digestibility. Hemp provides globular proteins and essential fatty acids, while quinoa is rich in proteins, essential amino acids, vitamins and minerals. Moringa and superfruit snacks further strengthen the competition.
- The Pumpkin Seeds market is facing several challenges. Pumpkin seed production requires a significant amount of labor and time. Harvesting and drying processes are crucial to maintain its quality. The market also faces competition from other snack options. Raw material prices and production costs can fluctuate, impacting profitability. Additionally, consumer preferences for organic and non-GMO seeds create complexity in the supply chain. Adolescents and older adults are important consumer groups, but their purchasing power and dietary trends may change. Sustainability and ethical sourcing are also increasing concerns. To remain competitive, market players must focus on innovation, cost management and meeting changing consumer demands.
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Segment overview
This pumpkin seeds market report extensively covers the market segmentation by
- Application
- 1.1 Food
- 1.2 Seed oil production
- 1.3 Nutraceuticals
- 2.1 Conventional
- 2.2 Organic
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East And Africa
1.1 Food The global pumpkin seeds market is witnessing significant growth due to increasing consumer awareness about the health benefits of these seeds. North Americaespecially the US, CanadaAnd Mexico, make an important contribution to this market. In the food industry, pumpkin seeds are promoted as a nutritious addition to various products, including breakfast cereals, bakery products and sports nutrition products. Their applications range from additions to baked goods and liquids for athletes, to toppings for salads, soups and yogurt. Future commercial product expansions include prepared baby food, nutritional bars and baked goods, further driving market growth.
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Research analysis
The pumpkin seed market has significant potential due to the seeds’ rich nutritional profile. Pepitas, or peeled pumpkin seeds, are a valuable source of fiber, protein, zinc, vitamins, antioxidants and magnesium. Health-conscious consumers are increasingly seeking out these seeds as nutritional supplements, healthy snacks and for their positive health effects. Pumpkin seeds have been linked to cardiovascular disease prevention, skin-soothing properties and anti-inflammatory benefits. Their amino acid profile makes them an attractive alternative to animal products such as meat and dairy for athletes and vegetarians. Pumpkin seed oil also offers health benefits, including diabetes management, sleep improvement, and heart and liver health. Overall, the pumpkin seed market continues to grow as more people recognize its numerous benefits.
Market research overview
The pumpkin seed market is an important sector within the global agricultural sector. These seeds are obtained from pumpkins and are rich in nutrients such as magnesium, phosphorus and iron. They are popular for their unique taste and health benefits. Pumpkin seed production involves harvesting the pumpkins, extracting the seeds and then roasting or drying them. The pumpkin seed market is driven by increasing consumer awareness of health and wellness, as well as the growing demand for organic and natural food products. The market also faces challenges such as seasonal availability and competition from other snack foods. The future of the pumpkin seed market looks promising, with innovations in processing techniques and the development of new products expected to drive growth.
Table of contents:
1. Summary
2 Market landscape
3 Market size
4 Historical market size
5 Five Forces Analysis
6 Market segmentation
- Application
- Food
- Seed oil production
- Nutraceuticals
- Type
- Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
7 Customer landscape
8 Geographic landscape
9 drivers, challenges and trends
10 Business landscape
11 Business analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and consulting company. Their research and analysis focuses on trends in emerging markets and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.
With more than 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports, covering 800 technologies, across 50 countries. Their customer base includes businesses of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive coverage, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position within changing market scenarios.
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SOURCE Technavio
