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Pumpkin Seed Protein Global Market Navigating Trends, Share Report, Growth Drivers, Market Size And Future Outlook 2024-2033 | Organicway LLC, Conagra Brands Inc, The SPAR Group Limited, NOW Health Group Inc., Jarrow Formulas
Pumpkin Seed Protein Market
According to The Business Research Company's, The pumpkin seed protein market size has grown strongly in recent years. It will grow from $1.55 billion in 2023 to $1.64 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to health consciousness, demand for non-allergenic proteins, clean label trend, vegan and vegetarian trends, sustainable sourcing.
The pumpkin seed protein market size is expected to see strong growth in the next few years. It will grow to $2.08 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to growth in sports nutrition market, expansion in functional food and beverage industry, global rise in plant-based diets, increased product availability. Major trends in the forecast period include product diversification, clean label and organic, functional applications, emerging markets, collaborations and partnerships.
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Market Drivers and Trends:
The rising health consciousness is expected to propel the growth of the pumpkin seed protein market going forward. Health consciousness refers to individuals' awareness and concern regarding their health and well-being. It involves being mindful of one's lifestyle choices, including diet, exercise, sleep, and stress management. The rising health consciousness is due to increased awareness of chronic diseases, a focus on personalized health, the influence of social trends, and a desire for longevity and quality of life. Pumpkin seed protein is rich in essential amino acids, minerals (such as iron, magnesium, and zinc), and antioxidants. As consumers become more health-conscious, they actively seek foods and supplements that offer nutritional benefits beyond basic sustenance. For instance, in 2023, according to an online survey among 1,022 Americans ages 18 to 80 by the International Food Information Council, a US-based nonprofit organization, around 52% of Americans reported that they followed a diet or eating pattern in the past year, from 39% in 2021 from the past years. Therefore, rising health consciousness is expected to drive the growth of the pumpkin seed protein market.
Major companies operating in the pumpkin seed protein market are developing innovative products, such as protein and fiber-rich meaty products, to address the growing consumer awareness and interest in alternative proteins. These protein- products are food items that mimic the taste, texture, and nutritional profile of traditional meat-based products but are made primarily from plant-based ingredients. For instance, in March 2022, More Foods, an Israel-based start-up company, developed protein- and fiber-rich meaty products made from pumpkin and sunflower seeds. These products are not focused on replicating meat but on creating tasty 'main-meal experiences' by making foods that are tasty, high in protein, satisfying, and have a great bite. Additionally, high-quality protein, essential amino acids, dietary fiber, improved texture, fat reduction, and cost-effectiveness.
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Major Key Players of the Market:
Organicway LLC, Conagra Brands Inc, The SPAR Group Limited, NOW Health Group Inc., Bob's Red Mill Natural Foods, Jarrow Formulas, Natural World Inc., Diamond Foods, AIDP Inc., Jarrow Formulas, Inc, Sprout Living, BI Nutraceuticals Inc, Antonio Foods, Bioriginal Food & Science Corporation, Maxsun Industries, The Green Labs, Seed Oil Company, Organic Friends & Sports GmbH, The Green Labs LLC, W. Kündig & Cie AG, Omega Nutrition USA Inc., Only Natural Inc, Bio Planete Ölmühle Moog GmbH
Pumpkin Seed Protein Market 2024 Key Insights:
• The pumpkin seed protein market size is expected to see strong growth in the next few years. It will grow to $2.08 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
• Rising Health Consciousness Driving Growth of Pumpkin Seed Protein Market
• Innovative Protein And Fiber-Rich Meaty Products From Major Companies In The Pumpkin Seed Protein Market
• Asia-Pacific was the largest region in the pumpkin seed protein market in 2023
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