Pumpkin seeds, as the seeds of the herbaceous plant pumpkin in the Cucurbitaceae family, have a profound historical background and extensive application value. They not only occupy an important position in traditional agriculture, but also play an irreplaceable role in multiple fields such as modern food, nutrition, and horticulture.
Analysis of Driving Factors for Market Development
Firstly, from the perspective of consumer demand, with the increasing global awareness of healthy eating, pumpkin seeds, as a nutritious and low-calorie food, are increasingly favored by more and more consumers. Pumpkin seeds are rich in vitamins, minerals, fiber, and antioxidants, which are beneficial for cardiovascular health, the immune system, and the digestive system. This health attribute gives pumpkin seeds broad development potential in the snack market and healthy food market.
Secondly, the diverse applications of pumpkin seeds in cooking and baking have also provided impetus for their market growth. In addition to being eaten directly as a snack, pumpkin seeds can also be used for stir-frying, making sauces and seasonings, and adding a special flavor to food. This versatility has led to an increasing demand for pumpkin seeds in the food industry.
Furthermore, technological innovation has also played a driving role in the development of the pumpkin seed market. The emergence of new planting, seed processing, and processing technologies has not only increased the yield and quality of pumpkin seeds but also reduced production costs, further enhancing their market competitiveness.
Overview of Market Development
According to our research data, the global pumpkin seed market revenue is estimated to reach $4012 million in 2024, an increase of 11.52% compared to 2023. It is expected that the market will continue to maintain a steady growth trend in the coming years, and the global pumpkin seed market revenue is expected to increase to $7236 million by 2029.
Segmented Market Analysis
From the perspective of product types, the global pumpkin seed market can be further divided into pumpkin seed extract market, pumpkin seed oil market, and pumpkin seed powder market. Among them, the pumpkin seed extract segment holds the largest market share, with an estimated 27.70% in 2024.
From the perspective of downstream application patterns, the application of pumpkin seeds involves multiple fields such as food & beverage, pharmaceuticals, animal feed & pet food, and cosmetics & personal care products. Among them, the food & beverage industry is the largest downstream application market, with an expected application share of 54.09% in 2024.
Global Pumpkin Seed Market Revenue and Segment Market Share Forecast
Source: www.globalmarketmonitor.com
Market Analysis of Major Regions/Countries
From a regional perspective, the global pumpkin seed market is mainly concentrated in Asia and North America, with pumpkin seed consumption in these two regions accounting for over 85% of the total global consumption. From a national perspective, China is the largest consumer country. Data shows that the consumption of pumpkin seeds in China is expected to reach 628.2k tons in 2024, accounting for an estimated 50.34% of the total consumption. In addition, in countries such as India, with the advancement of agricultural modernization and the improvement of people's living standards, the pumpkin seed market has gradually shown enormous development potential.
Global Pumpkin Seed Consumption and Proportion by Region Forecast in 2024
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Regions/Countries
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Consumption (K Tons)
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Proportion
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US
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247.3
|
19.82%
|
|
Europe
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111.1
|
8.90%
|
|
China
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628.2
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50.34%
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|
Japan
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38.9
|
3.12%
|
|
India
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107.8
|
8.64%
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|
Southeast Asia
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36.9
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2.96%
|
|
Latin America
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40.3
|
3.23%
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|
Middle East & Africa
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18.1
|
1.45%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Pumpkin seed Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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