Press release
Pumpkin Seed Protein Market Anticipated To Witness Robust Growth, Surpassing $2.21 Billion By 2029
Pumpkin Seed Protein
What Is the Current Pumpkin Seed Protein Market Size and Its Estimated Growth Rate?
The demand for pumpkin seed protein has witnessed a significant increase in recent years, boosting its market value significantly. The market is projected to expand from $1.64 billion in 2024 to $1.74 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%. Factors contributing to this robust growth in the past period include heightened health awareness, the need for non-allergenic proteins, a preference for clean label products, the rise in veganism and vegetarianism, and an emphasis on sustainable sourcing.
The market for pumpkin seed protein is predicted to witness significant expansion in the coming years, with a projected valuation of $2.21 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.1%. This growth during the forecast period can be related to the rise in the sports nutrition market, growth in functional food and drink industry, increasing global inclination towards plant-based diets, and higher product availability. Key trends observed during this forecast period involve diversification of products, adoption of clean labels and organic content, functional uses, emerging markets, and collaborative endeavors and partnerships.
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How Are Emerging Segments Shaping the Pumpkin Seed Protein Market Landscape?
The pumpkin seed protein market covered in this report is segmented -
1) By Product: Pumpkin Seed Oil, Pumpkin Seed Powder, Pumpkin Seed Extracts, Other Products
2) By Source: Organic, Conventional
3) By Nature: Raw, Roasted
4) By Application: Pharmaceuticals, Food And Beverages, Animal Food And Pet Feed, Cosmetic And Personal Care, Sports, Other Applications
Subsegments:
1) By Pumpkin Seed Oil: Cold-Pressed Pumpkin Seed Oil, Organic Pumpkin Seed Oil, Refined Pumpkin Seed Oil
2) By Pumpkin Seed Powder: Raw Pumpkin Seed Powder, Roasted Pumpkin Seed Powder, Organic Pumpkin Seed Powder
3) By Pumpkin Seed Extracts: Standardized Pumpkin Seed Extract, Pumpkin Seed Protein Isolate, Pumpkin Seed Peptide Extract
4) By Other Products: Pumpkin Seed Protein Bars, Pumpkin Seed Protein Supplements, Pumpkin Seed Flour
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Which Growth Factors Are Influencing Pumpkin Seed Protein Market Expansion?
Increased awareness and attention towards health is anticipated to spur the expansion of the pumpkin seed protein market. This wellness awareness pertains to an individual's knowledge and worry about their overall health. It takes into account awareness of lifestyle choices they make involving diet, working out, rest and managing stress. This surge in health-consciousness can be attributed to heightened knowledge of chronic illnesses, personalized health focus, the sway of social trends and the yearning for a long, healthy life. Pumpkin seed protein, replete with essential amino acids, minerals like iron, zinc, and magnesium, and antioxidants, is particularly sought after. As the focus on health increases, consumers proactively look for food and supplements that provide nutritional advantages beyond basic nourishment. For example, in 2023, a digital survey by the International Food Information Council, a non-profit organization in the US, conducted among 1,022 Americans aged 18 to 80, revealed that approximately 52% of Americans claimed that they adhered to a specific diet or eating plan in the previous year, a noticeable rise from 39% in 2021. Consequently, this surge in health consciousness is likely to boost the pumpkin seed protein market's growth.
Who Are the Dominant Players Across Different Pumpkin Seed Protein Market Segments?
Major companies operating in the pumpkin seed protein market report are 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
What Are the Latest Developing Trends in the Pumpkin Seed Protein Market?
Prominent companies functioning in the pumpkin seed protein market are creating novel products like protein and fiber-filled meat-like items, to cater to increasing customer awareness and interest in alternative proteins. These protein-infused offerings imitate the flavor, consistency, and nutritional content of conventional meat products, but primarily consist of plant-based elements. For example, in March 2022, an Israeli start-up called More Foods created meat-like items that are high in protein and fiber and are made from pumpkin and sunflower seeds. The focus of these products is not to copy meat, but to provide delicious 'main-course experiences' by creating foods that are flavorful, protein-rich, filling, and come with a great texture. High-quality protein, essential amino acids, dietary fiber, enhanced texture, reduced fat, and cost-effectiveness are additional benefits.
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Which Geographic Regions Are Expected to Dominate the Pumpkin Seed Protein Market in the Coming Years?
Asia-Pacific was the largest region in the pumpkin seed protein market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pumpkin seed protein market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pumpkin Seed Protein Market?
2. What is the CAGR expected in the Pumpkin Seed Protein Market?
3. What Are the Key Innovations Transforming the Pumpkin Seed Protein Industry?
4. Which Region Is Leading the Pumpkin Seed Protein Market?
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