Pumpkin Seeds Market Size, Share & Industry Analysis, By Product (Pumpkin Seed Oil, Pumpkin Seed Extracts, Pumpkin Seed Flour, Roasted Pumpkin Seeds, Raw Pumpkin Seeds), By Category (Organic, Conventional), By Application (Food and Beverage [Dietary Supplements, Bakery, Snacks, Confectionery, Dairy, Beverages] Cosmetics and Personal Care, Pharmaceuticals) And Regional Forecast, 2024-2032

Pumpkin seeds, also known as pepita is the edible seed of pumpkin fruit that are widely consumed due to its nutrient rich properties. Pumpkin seeds are rich in fibre, protein, zinc, vitamins and antioxidants, which suffice the regular nutrient intake that is essential for maintaining the health. Moreover, pumpkin seeds offer various additional benefits such as protection against cardiovascular diseases and improves the prostrate and bladder health. These health benefits of pumpkin seeds are a major factor driving its market growth.

The skin soothing and anti-inflammatory properties of pumpkin skin are attributed for its wide incorporation in various cosmetics and personal care products. Along with this, the growing cosmetics industry has led to the increase in demand of pumpkin seeds. Further, due to the high magnesium and zinc content in the seeds it is widely consumption as dietary supplements. These factors cumulatively aid in the market growth.

The consumers growing health conscious and; inclination towards healthy snacks and other processed food products are major factors driving the pumpkin seeds market. Various incidences of mineral deficiencies due to inadequate consumption of nutritious food has increased in recent years. According to the American Heart Association, consumption of pumpkin seeds aids to overcome such deficiencies. This, has fuelled the market growth.

Key Market Driver -

Growing Health Consciousness among the Consumers

Key Market Restraint -

Seasonal Raw Material Availability

The seasonal dependency for cultivation of pumpkin directly affects the availability of pumpkin seeds in the market which acts as a restraining factor. Further, abiotic stresses such as droughts, floods and emergence of various pests have also negatively impacted in the market growth.

Key Players Covered:

The key companies operating in the global pumpkin seedsmarket are, Antonio Foods S.A., AKS-NEV, EstyriaNaturprodukte GmbH,Natural World Inc.,ONLY NATURAL INC, CB's Nuts,  Pepo Farms, Harris Seeds, Giant Snacks Incand BonNuts

The pumpkin seeds market is segmented by product, category, and application. The roasted pumpkin seeds segment is accounted for holding the major market share owing to its wide consumption as a healthy snack. Pumpkin seed extracts segment is expected to witness traction due to its extensive utilization in cosmetics industry.

The organic segment is leading due to the growing consumers’ inclination towards organic products as a healthy and sustainable product.

The food and beverage is the leading application sector; owing to the utilization of pumpkin seeds in various confectionery and bakery products such as chocolate bars, biscuits, cookies and others. They are also incorporated in many culinary preparations such as enchiladas and also as toppings in various smoothies and soups.

Regional Analysis:

Asia Pacific region is witnessing robust growth in the pumpkin seeds market as according to FAOSTAT, region is the largest producer of pumpkin. India and China are the major producer of pumpkin due to the favourable climatic conditions. The raw material abundance coupled with the easy availability of labour in the region has boosted its regional market.

North America is expected to observe significant growth in the pumpkin seeds market due to its wide consumption and incorporation in many regional culinary preparations. Further, between the meals snacking trend along with the consumers demand for a nutritious snack, stokes its regional sales performance.

Europe is expected to witness substantial growth in the upcoming years as the consumers are extensively incorporating such nutritious products in their daily diet. Moreover, the growing preference of consumers for plant-based products has fuelled its regional market growth.

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Segmentation

Key Industry Developments

• In March 2020, Greendot Health Foods Pvt. Ltd.’s flagship brand Cornitos, launched 30g packs of roasted pumpkin seeds. These pumpkin seed packets help in boosting the energy levels and offers a healthy snacking option.


• In February 2020, Bimbo Bakeries USA launched, Thomas’ Pick Me Upssoft-baked oatmeal squares. The oatmeal squares consist of rolled oats, chocolate chips, pumpkin seeds, sunflower seeds, and cranberries.