NEW
YORK, June 25, 2024 /PRNewswire/ -- The global
pumpkin seeds market size is estimated to grow by USD 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. Health benefits
of pumpkin seeds is driving market growth, with a trend
towards increasing availability through online retailers.
However, intense competition from other superfood products
like 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
Africa, Shandong Farmer Land
Foodstuff Co. Ltd., and Shandong Jinsheng Cereals and Oils
Industrial Co. Ltd..
Get a detailed analysis on regions, market
segments, customer landscape, and companies- View the
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Pumpkin Seeds Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
16.5%
|
Market growth
2024-2028
|
USD 1506.8
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
13.79
|
Regional
analysis
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 36%
|
Key
countries
|
China, US, India,
Spain, and UK
|
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 Cereals and Oils Industrial Co. Ltd.
|
Market Driver
The global pumpkin seeds market is experiencing significant
growth due to the expansion of e-commerce businesses. E-commerce
represents approximately 12% of global retail trade, facilitating
both B2B and B2C transactions. Online shopping's popularity is
increasing due to the convenience it offers, with the average
online transaction value and number of transactions rising. The
growing number of Internet users and their preference for online
shopping contribute to this trend. Online retailers offer efficient
customer service, enhanced security, and user-friendly designs,
attracting manufacturers to focus on the Internet-savvy customer
segment. Operating costs and overheads are lower in online retail,
making it an attractive business model for vendors.
The pumpkin seeds market is experiencing significant growth due
to increasing consumer awareness about their health benefits. These
seeds are rich in minerals, protein, and healthy fats. In recent
years, roasted pumpkin seeds have become a popular snack,
especially during the fall season. Consumers are also using pumpkin
seeds in various dishes, such as salads, baked goods, and soups.
Additionally, the functional food industry is exploring new
applications for pumpkin seeds, including protein supplements and
functional beverages. The market is expected to continue growing,
driven by consumer demand for natural, healthy snacks. Producers
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 seeds
market is a trending sector in the food industry.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The global pumpkin seeds market growth is decelerating 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 during the forecast period. Hemp and quinoa, with
their nutritional advantages and easy digestibility, pose stronger
competition. Hemp offers globular proteins and essential fatty
acids, while quinoa is rich in protein, essential amino acids,
vitamins, and minerals. Moringa and superfruit snacks further
intensify competition.
- The Pumpkin Seeds market faces several challenges. Production
of pumpkin seeds involves a significant amount of labor and time.
Harvesting and drying processes are crucial to maintain their
quality. The market also faces competition from other snack
options. Prices of raw materials and production costs can
fluctuate, impacting profitability. Additionally, consumer
preferences for organic and non-GMO seeds add complexity to the
supply chain. Adolescents and older adults are key consumer groups,
but their purchasing power and dietary trends can change.
Sustainability and ethical sourcing are also growing concerns. To
stay competitive, market players must focus on innovation, cost
management, and meeting evolving consumer demands.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This pumpkin seeds market report extensively covers market
segmentation by
- Application
- 1.1 Food
- 1.2 Seed oil production
- 1.3 Nutraceuticals
- Type
- 2.1 Conventional
- 2.2 Organic
- Geography
- 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
experiencing significant growth due to increasing consumer
awareness regarding the health benefits of these seeds.
North America, specifically the
US, Canada, and Mexico, are major contributors to this market.
In the food industry, pumpkin seeds are promoted as a nutritious
addition to various products, including cereals, bakery items, and
sports nutrition products. Their applications range from being
added to baked goods and liquids for athletes, to toppings for
salads, soups, and yogurts. Future commercial product expansions
include prepared baby foods, nutrition bars, and baked goods,
further driving market growth.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Pumpkin Seeds market holds significant potential due to the
seeds' rich nutritional profile. Pepitas, or hulled pumpkin seeds,
are a valuable source of fiber, protein, zinc, vitamins,
antioxidants, and magnesium. Health-conscious consumers
increasingly seek out these seeds as dietary 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 market
for pumpkin seeds continues to grow as more people recognize their
numerous benefits.
Market Research Overview
The Pumpkin Seeds market is a significant sector within the
global agriculture industry. 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. The
production of pumpkin seeds involves harvesting the pumpkins,
extracting the seeds, and then roasting or drying them. The market
for pumpkin seeds is driven by increasing consumer awareness
regarding 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 seeds market looks promising, with
innovations in processing techniques and the development of new
products expected to drive growth.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic 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 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio