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The pumpkin seeds market size is valued to increase by USD 1.51 billion, at a CAGR of 16.5% from 2023 to 2028. Health benefits of pumpkin seeds will drive the pumpkin seeds market.
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The pumpkin seeds industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The food segment is estimated to witness significant growth during the forecast period.
The market is experiencing significant growth, fueled by the rising consumer awareness of their health benefits. With a rich amino acid profile, high iron content, and impressive magnesium and zinc levels, pumpkin seeds have become a sought-after ingredient in various industries. In food production, they are incorporated into cereals, bakery products, and snacks, while their oil is used for cooking and in cosmetics. The market's evolution involves continuous improvements in seed handling practices, moisture content management, and disease resistance. Irrigation strategies, planting density effects, and seed size distribution also play crucial roles in crop yield improvement.
Quality control parameters such as protein content analysis, seed viability testing, and germination rates are essential for maintaining high standards. Processing techniques, including hull removal, oil yield optimization, and antioxidant capacity enhancement, contribute to the market's growth. A recent study revealed that pumpkin seeds' phytosterol content can reduce LDL cholesterol by up to 10%, further boosting their appeal.
The Food segment was valued at USD 799.00 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 36% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in the Asia Pacific (APAC) region has witnessed significant evolution, with nearly two-thirds of global production originating from this part of the world. China and India are the leading contributors to this production, accounting for approximately 45% of the global total. Major players in the region, such as Rizhao Golden Nut Group and Shandong Jinsheng Cereals and Oils Group in China, and True Elements and 24 Mantra in India, dominate the market for pumpkin seeds. However, the increasing utilization of palm oil and sunflower oil for culinary applications has adversely affected the demand for pumpkin seed oil and extracts, leading to a decline in market growth in APAC during the forecast period.
Despite this challenge, the market continues to exhibit potential due to its nutritional benefits and versatile applications in various food industries.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is witnessing significant growth due to the increasing demand for functional foods and health supplements. The market's dynamic nature is driven by extensive research and development in the analysis of pumpkin seed oil's fatty acid profile, effects of storage temperature on seed viability, and optimization of extraction methods. These studies aim to enhance the nutritional value and improve the quality of pumpkin seed oil. Moreover, the impact of planting density on pumpkin seed yield, determination of antioxidant activity in pumpkin seed extracts, analysis of amino acid composition in pumpkin seed protein, and assessment of mineral content in different pumpkin seed varieties are crucial aspects of the market. These analyses contribute to the understanding of pumpkin seeds' nutritional benefits and potential applications. Furthermore, evaluating seed germination rates under varying conditions, influence of seed coating on seed longevity, correlation between seed size and oil yield, and impact of irrigation strategies on crop yield are essential for optimizing the production process. Additionally, optimization of drying methods for pumpkin seeds, effect of fertilization on pumpkin seed quality, assessment of pest and disease resistance in pumpkin varieties, and evaluation of phytic acid content in pumpkin seeds are critical factors in ensuring a sustainable and efficient pumpkin seed supply chain. The functional properties and applications of pumpkin seed protein, as well as the determination of its nutritional value, are significant areas of research and development. Furthermore, improving shelf life through various storage methods and optimizing pumpkin seed hull removal techniques are essential for maintaining product quality and consumer satisfaction. The analysis of lignans in pumpkin seed extracts adds to the growing body of knowledge on the health benefits of pumpkin seeds, further fueling market growth.
The pumpkin seeds market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the pumpkin seeds market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Pumpkin Seeds Industry
Companies are implementing various strategies, such as strategic alliances, pumpkin seeds market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
AKS NEV Ltd. - This company specializes in the design and manufacturing of high-performance sports equipment, leveraging advanced materials and innovative technologies to enhance athlete experience and optimize training regimens. Their product portfolio caters to various sports and fitness activities, positioning them as a leading industry player.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Pumpkin Seeds Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
169 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16.5% |
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Market growth 2024-2028 |
USD 1506.8 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
13.79 |
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Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Pumpkin Seeds Market between 2024 and 2028?
USD 1.51 billion, at a CAGR of 16.5%
What segmentation does the market report cover?
The report is segmented by Application (Food, Seed oil production, and Nutraceuticals), Type (Conventional and Organic), Geography (APAC, Europe, North America, South America, and Middle East and Africa), Form (Raw, Liquid, Powder, Roasted Pumpkin Seeds, Pumpkin Seed Oil, Pumpkin Seed Extracts, and Pumpkin Seed Flour), End-User (Nutraceuticals, Food & Beverages, Animal Feed & Pet Food, Cosmetics & Personal Care Products, and Healthcare Industry), and Distribution Channel (Modern Trade, Convenience Store, E-Retailers, Supermarkets & Hypermarkets, and Specialist Retailers)
Which regions are analyzed in the report?
APAC, Europe, North America, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Health benefits of pumpkin seeds, Intense competition from other superfood products like quinoa- and hemp-based food products
Who are the major players in the Pumpkin Seeds Market?
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.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Market Segmentation by Form
9 Market Segmentation by End-User
10 Market Segmentation by Distribution Channel
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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