CAGR: 4.30%Current Market Size: USD 830 ThousandFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The global pumpkin seed protein market is expected to grow from USD 830 thousand in 2022 to USD 1,162 thousand by 2030, at a CAGR of 4.30% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the increasing usage of pumpkins in restaurant dishes, favorable prices for growers, increasing usage of seeds for snacking, and increasing awareness about the nutritional value of pumpkins.
The edible pumpkin seed is also referred to as pepita, which is a Mexican term for "little seed of squash." Almost everyone in the world grows pumpkins for both commercial and ornamental purposes. Pumpkin seeds are a nutrient-dense food with a high protein, dietary fiber, and vitamin content. You can eat raw, cooked, or roasted pumpkin seeds. Carotenoids and vitamin E are among the antioxidants found in pumpkin seeds. Pumpkin seeds contain a number of health advantages and can help treat a number of physical ailments, such as depression and issues with the prostate and bladder. Mexican food frequently includes pumpkin seeds as an ingredient, and they are also roasted and offered as a snack. Due to their abundance of many nutrients and minerals that offer incredible health advantages, pumpkin seeds are in high demand on the international market. Consuming pumpkin seeds is a wonderful method to get zinc and a range of other nutrients, including magnesium, manganese, copper, and proteins, according to the World Health Organization. Pumpkin seeds have been demonstrated to be miracle cures for heart health, immunological support, prostate health, anti-diabetic effects, and liver health, among other ailments, due to their abundance of these vital nutrients and minerals. Cosmetics also contain pumpkin seed oil. These are the elements driving the market growth for pumpkin seeds, whether they are consumed as an oil, seeds, extract, or raw or roasted seeds. Another popular by-product in the markets is pumpkin seed butter.
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Market Dynamics:
Drivers:
The rise in consumer health consciousness, particularly in industrialized nations, is what gave rise to pumpkin seed protein. The pumpkin seed protein market spans a variety of demo graph segments, including athletes, vegans, the elderly, and people who are clinically undernourished. As a result, three key trends—body contouring among young people, the need to maintain a healthy weight among adults, and the need to keep physically active as one ages—support the expansion of the pumpkin seed protein market. It's interesting to note that, as long as it is supported by reliable evidence, the trend in pumpkin seed protein is shifting away from the sports nutrition business and magnates more toward regular consumers.
Restraints:
The hypoglycemic effects of pumpkin seeds have been demonstrated by numerous investigations. As a result, it might aid in sugar regulation, making them a practical snack for those with diabetes. It also decreases blood sugar levels, preventing an unanticipated surge in those levels. Before including pumpkin seeds in your diet, you should see your doctor if you have diabetes or hypoglycemia. 100 grams of pumpkin seeds have 446 kCal in caloric content and 19g of fat. As a result, eating too many pumpkin seeds makes you gain weight. So, eat this food in moderation unless you want to put on weight. Diabetes and hypertension are just two of the health issues that obesity is the main contributor to.
Opportunities:
The beverage business is where the majority of pumpkin seed protein manufacturers are making their money. Beverages are the most common way to consume pumpkin seed protein and make up a sizable portion of the market. Consumers prefer protein supplies from solid items in the European market, though. As a result, marketing pumpkin seed protein as an ingredient for meals or snacks may be necessary to successfully reach these consumers. Marketing efforts will be more successful if pumpkin seed protein can be applied to the current fashion.
Challenges:
People who have kidney difficulties or certain cardiovascular conditions frequently get edema. These seeds may interact with diuretic medications and have modest diuretic characteristics, which could lead to increased bathroom needs, according to many case studies. Additionally, it might affect the mineral balance in your body. So don't eat pumpkin seeds if you're taking diuretics.
Segmentation Analysis:
The global pumpkin seed protein market has been segmented based on product, application and region.
By Product
The product segment is pumpkin seed oil, pumpkin seed powder, and pumpkin seed extracts. The pumpkin seed oil segment led the largest share of the pumpkin seed protein market with a market share of around 32% in 2022. Burns are treated with pumpkin seed oil, and oil capsules are used to promote good urination. Pumpkin seeds have anti-inflammatory properties in addition to being helpful for managing diabetes, sleep, heart, and liver health. As a result, the market for medical uses of pumpkin seeds is a significant and quickly expanding business area. Other uses for the market segment include decorating for Halloween with pumpkin seeds. A growing number of health-conscious consumers are driving strong market demand for roasted and spiced pumpkin seeds as a snack alternative.
By Application
The application segment is pharmaceutical, food & beverages, animal feed & pet feed, and cosmetic & personal care products. Food & Beverages led the largest share of the Pumpkin seed protein market with a market share of around 29% in 2022. More nutrients are present in raw, organic, heirloom pumpkin seeds that are black in color or in fresh, organic, brilliant green pumpkin seeds than in salted, roasted, or pesticide-sprayed types. Another major driver for the pumpkin seed industry is the growing need for bio-oil produced from natural ingredients.
Global Pumpkin Seed Protein Market- Sales Analysis.
The sale of pumpkin seed protein market product and application expanded at a CAGR of 3.80% from 2016 to 2022.
One of the best sources of iron in tiny amounts that can be obtained through a plant-based diet is pumpkin seeds, which are high in minerals. Beans and other legumes are essential. In contrast, pumpkin seeds are packed with nutrients and provide 16% of the recommended daily intake in just 1/4 cup of seeds. There is a raw protein powder made from pumpkin seeds on the market. The anti-inflammatory and alkalizing properties of pumpkin seeds are another important factor influencing the global market for pumpkin seeds. Natural chlorophyll is abundant in raw green pumpkin seeds. All green vegetables include chlorophyll, which naturally alkalizes and cleanses the body. Additionally, chlorophyll alkalizes the blood, preventing inflammation brought on by an acidic diet or other lifestyle choices.
The high protein content of pumpkin seeds has also contributed to an increase in demand for these goods among customers who are interested in leading healthy lifestyles. Protein is abundant in pumpkin seeds. The anti-inflammatory and alkalizing properties of pumpkin seeds are another important factor influencing the global pumpkin seeds protein market. Natural chlorophyll is abundant in raw green pumpkin seeds. During the Projection period, a wide range of industries, including those in the culinary, medical, and cosmetic sectors, are anticipated to drive demand for pumpkin seeds protein market. The market is comprehensively evaluated in the study on the global pumpkin seed protein market. The research provides in-depth analysis of key market segments, trends, drivers, restraints, the competitive environment, and factors that are significantly influencing the market.
Thus, owing to the aforementioned factors, the global pumpkin seed protein market is expected to grow at a CAGR of 4.30% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the pumpkin seed protein market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North America region dominated the pumpkin seed protein market and held a 35% share of the market revenue in 2022.
Global Pumpkin Seed Protein Market- Country Analysis:
Germany's pumpkin seed protein market size was valued at USD 5,187 thousand in 2022 and is expected to reach USD 6,319 thousand by 2030, at a CAGR of 2.50% from 2023 to 2030. Since pumpkin seeds are one of the main constituents in many cosmetic products, Germany, a prominent participant in the global cosmetic industry, can be categorized as a developing business sector.
China’s pumpkin seed protein market size was valued at USD 8,217 thousand in 2022 and is expected to reach USD 10,654 thousand by 2030, at a CAGR of 3.30% from 2023 to 2030. The pumpkin seed protein market in China is expanding steadily. China produces about half of the world's pumpkins, yet it consumes the majority of its own output. The Chinese government has started a number of vegetable programs to encourage production, which are fueling the market's expansion in this area.
India's pumpkin seed protein market size was valued at USD 7,221 thousand in 2022 and is expected to reach USD 9,076 thousand by 2030, at a CAGR of 2.90% from 2023 to 2030. India is the main producer of pumpkin and pumpkin seeds in the Asia Pacific area. The market is anticipated to be driven by emerging market trends, such as the rise in vegan populations, as well as new product introductions during the Projection period.
Key Industry Players Analysis:
To increase their market position in the global pumpkin seed protein market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
4.30% |
Market Size |
830 Thousand in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Product, By Application, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Conagra Brands, PepsiCo, Qiaqia Food, Rizhao Golden Nut, Pumpkin Seeds India, Seeds for Africa, Shandong Jinsheng Cereals & Oils, True Elements, AKS-NEV, Giant Snacks, Howard Dill Enterprises, Meridian Foods, Nature’S Harvest & Geniuscentral, and Prana. |
By Product |
|
By Application |
|
Regional scope |
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Scope of the Report
Global Pumpkin Seed Protein Market By Product:
Global Pumpkin Seed Protein Market By Application:
Global Pumpkin Seed Protein Market By Region:
Global pumpkin seed protein market is expected to reach USD 1,162 thousand by 2030, at a CAGR of 4.30% from 2022 to 2030.
The pumpkin seed protein market is projected to have a CAGR of 4.30%.
Leading market players active in the global pumpkin seed protein market are Conagra Brands, PepsiCo, Qiaqia Food, Rizhao Golden Nut, Pumpkin Seeds India, Seeds for Africa, Shandong Jinsheng Cereals & Oils, True Elements, AKS-NEV, Giant Snacks, Howard Dill Enterprises, Meridian Foods, Nature’S Harvest & Geniuscentral, Prana among other
The rise in consumer health consciousness, particularly in industrialised nations, is what gave rise to pumpkin seed protein. The market for pumpkin seed protein spans a variety of demo graph segments, including athletes, vegans, the elderly, and people who are clinically undernourished.
Based on the product type, the global pumpkin seed protein market has been segmented into pumpkin seed oil, pumpkin seed powder, and pumpkin seed extracts.
Political Factors- Sourcing the raw materials for the pumpkin seed protein market has to consider political factors, which have also gathered a lot of attention from the West and the countries from which they’ve been sourced. The manufacturers must follow social and environmental rules, and fair-trade principles are also important, thus sourcing techniques are being considered. Additionally, attention must be taken to the increasingly strict employment and tax rules, particularly in the nation where their raw materials are sourced. The corporation is moving toward a more secure political climate as a result of regulatory demands, activism, and growing political awareness.
Economical Factors- Since this has happened, customers will inevitably switch to less expensive alternatives, but even in this case, they are still buying the pumpkin seed protein market, presenting a huge potential for the business to maintain its financial stability by seizing this chance. The manufacturers of the pumpkin seed protein market must deal with increasing personnel and operational costs, among other economic considerations. The local environment and exchange rates for local currencies in various markets are also to blame for the pumpkin seed protein market's increasing and decreasing economic trends. Tax level charges are among the other expenses. Growing concerns include the inflationary climate and the company's declining earnings, which are primarily caused by market trends and then further exacerbated by the recession.
Social Factor- The green and ethical consumers who worry about the social and environmental implications of the trends are the pumpkin seed protein market's main socio-cultural concern. The business needs to be aware of this development. The majority of the population in this industry is older, and since the baby boomer generation—who was the pumpkin seed protein market's previous target market—is retiring, it will now need to market to Gen X and Millennial generations. There are further elements that the pumpkin seed protein market takes into account, including customer tastes, changing work patterns, changing lifestyles, population education levels in the local market, and changing family structures in the United States and Europe.
Technological Factors- When it comes to technological advancement, the pumpkin seed protein market is in a very excellent place. Additionally, the business has installed Wi-Fi capabilities in all locations, making internet accessibility easy for its customers. Most individuals enjoy pumpkin seed protein with their morning coffee and browsing the internet while completing their work, which is made possible by the WiFi service. This offers them a competitive advantage and increases the brand's worth. Online payments are a significant breakthrough, and the pumpkin seed protein market is currently testing this technology to make it available to customers.
Environmental Factors- Like how many pumpkin seed protein corporate methods worry environmentalists, international advocacy groups, and even consumers now, company practices typically don't care about the environment, which further leads to difficulties. The government's environmental laws and regulations are thus some of the things that the pumpkin seed protein market should examine. Disasters in nations where pumpkin seed protein is grown should also be taken into consideration. Worldwide warming and other environmental problems on a global scale are one of the main problems.
Legal Factors- pumpkin seed protein market must make sure that laws and norms are being adhered to strictly both in their local market and in the nations from which they source their raw materials, especially. Additionally, they need to be aware of new regulations regarding caffeine usage and production. Trade rules must be addressed. Because the pumpkin seed protein market operated in the food and beverage sector, health authorities' regulations must be taken into account. Additionally, the licensing laws that apply to the sector must be obeyed. The government has a significant impact on the company's growth. They require sufficient legal authorization from the government to grow the business.
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