Latest News- Pumpkin Seeds Market: Food is expected to lead the Application segment during 2024-2028

The Pumpkin Seeds Market is being driven by Health benefits of pumpkin seeds

The Pumpkin Seeds Market is expected to grow at a CAGR of 16.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1506.8 million. In the contemporary business landscape, e-commerce has emerged as a significant revenue generator, accounting for approximately 12% of global retail trade. This retail channel caters to both business-to-business (B2B) and business-to-consumer (B2C) transactions. The escalating average transaction value and the increasing frequency of online purchases are global phenomena. The burgeoning number of Internet users and their propensity to make immediate purchases are the primary drivers of e-commerce growth. Consequently, the expanding online shopping population is poised to fuel substantial sales growth through this retail avenue. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Food
  • Seed oil production
  • Nutraceuticals
• Type
  • Conventional
  • Organic
• Geography
  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Health benefits of pumpkin seeds
• Rise in popularity as a tasty ingredient and snack
• Wider reach through organized retailing

However, the market also witnesses some limitations, which are as follows:

• Intense competition from other superfood products like quinoa- and hemp-based food products
• Rise in prices of pumpkin and related products due to declining production
• Side effects of consuming pumpkin seeds

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Market Scope in Pumpkin Seeds Market Research Report

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Research Analysis Overview

Pumpkin seeds, specifically the edible inner kernel called Pepita, are derived from the pumpkin fruit. Rich in fiber, protein, zinc, vitamins, antioxidants, and magnesium, they offer numerous health benefits. These benefits include cardiovascular disease prevention, skin soothing properties, and anti-inflammatory effects. Health-conscious consumers value pumpkin seeds as dietary supplements and a healthy snack. Their high moisture and fiber content, amino acid profile, and positive health effects make them popular among athletes. Pumpkin seeds can help manage diabetes, improve sleep quality, and support heart, liver, and skin health. In contrast, animal products like meat and dairy can negatively impact health, making pumpkin seeds a desirable alternative.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and increase product longevity. According to Technavio, the market's size is determined by the consolidated revenue of the participating companies. This market segment does not encompass food processing equipment manufacturers or producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. The market's expansion will be fueled by the increasing consumer preference for minimally processed foods, such as pumpkin seeds, which offer health benefits, including fiber, protein, zinc, vitamins, antioxidants, cardiovascular disease prevention, skin soothing properties, anti-inflammatory properties, and magnesium. Health-conscious consumers are increasingly seeking dietary supplements derived from natural sources like pumpkin seeds, contributing to the market's growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/