According to Technavio’s latest market research study, the global pumpkin seeds market is expected to grow at a CAGR of over 15% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global pumpkin seeds market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
Click here to request a free sample of this report
The top three revenue contributing application segments are discussed below:
Global pumpkin seeds for food market: Increasing awareness about the health benefits of pumpkin seeds is the fundamental driving force behind the growth of the global pumpkin seeds for the food market. In the food industry, pumpkin seeds are promoted as a packed superfood and as a supplement in cereal, bakery products, muesli bars, and peanut butter. Apart from being a raw seed snack, the pumpkin seeds are widely used as an additive for juices, yogurt, pasta, cereals, smoothies, salads, and even in sports nutrition products. The US, Canada, and Mexico are the key revenue contributing countries in the global pumpkin seeds for the food market.
“During the forecast period, the market is projected to benefit from the launch of new and innovative products featuring pumpkin seeds. For instance, Thanasi Foods, a manufacturer of a wide variety of seeds in the US, expanded its product line by adding BIGS CRACKED PEPPER PUMPKIN SEEDS and BIGS CINNAMON & SUGAR PUMPKIN SEEDS,” says Manjunath Reddy, a lead analyst at Technavio for research on food.
Global pumpkin seeds for pumpkin seed oil production market: Increasing popularity of pumpkin seed oil in various parts of the world as a delicacy and health ingredient is the driving force behind the growth of the global pumpkin seeds for pumpkin seed oil production market. The consumption of pumpkin oil is the highest in countries such as Austria, Slovenia, Hungary, Croatia, Germany, and Bulgaria. Pumpkin seed oil, rich in vitamin A and E, zinc, omega-3 and -6 fatty acids, as well as antioxidants, is a vital hair supplement and is being increasingly sought out by consumers across the globe.
Global pumpkin seeds for nutraceuticals market: Factors such as growing aging population, high interest from consumers in functional foods that include ingredients like omega-3 fatty acids, and increasing use in preventive medicine drive growth of the global pumpkin seeds for nutraceuticals market. Industry analysts at Technavio estimate the market to account for a revenue of around USD 29 billion by the end of the forecast period.
The top vendors operating in the global pumpkin seeds market are:
- Conagra Brands
- PepsiCo
- Qiaqia food
- Rizhao Golden Nut Group
Other prominent vendors in the market include Pumpkin Seeds India, Seeds for Africa, SHANDONG JINSHENG CEREALS & OILS GROUP, True Elements, AKS-NEV, GIANT Snacks, Howard Dill Enterprises, Meridian Foods, Nature’s Harvest & GeniusCentral, and PRANA.
A more detailed analysis is available in the Technavio report titled, ‘Global Pumpkin Seeds Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Table-top and Sachet Sweeteners Market 2017-2021
- Global Liqueurs Market 2017-2021
- Global Packaged Condensed Milk Market 2017-2021
To read more press releases – click here
