Pumpkin Seed Protein Global Market Report 2024

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 observed in the historic period can be attributed to increased health consciousness, the demand for non-allergenic proteins, the clean label trend, as well as the rise in vegan and vegetarian lifestyles, and the emphasis on 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 anticipated growth in the forecast period can be attributed to the expansion of the sports nutrition market, the growth of the functional food and beverage industry, the global increase in plant-based diets, and the greater availability of products. Significant trends expected in the forecast period include product diversification, emphasis on clean label and organic products, functional applications, the emergence of new markets, and increased collaborations and partnerships.

The growth of the pumpkin seed protein market is anticipated to be driven by the increasing focus on health consciousness. Health consciousness refers to individuals' awareness and consideration for their health and well-being, encompassing lifestyle choices like diet, exercise, sleep, and stress management. This trend is fueled by heightened awareness of chronic diseases, a shift towards personalized health approaches, the impact of social trends, and a desire for longevity and enhanced quality of life. Pumpkin seed protein, abundant in essential amino acids, minerals such as iron, magnesium, and zinc, as well as antioxidants, aligns well with this trend. As consumers prioritize health, they actively seek out foods and supplements offering nutritional benefits beyond mere sustenance. For example, an online survey conducted in 2023 by the International Food Information Council, a US-based nonprofit organization, revealed that approximately 52% of Americans aged 18 to 80 reported following a specific diet or eating pattern in the past year, marking a significant increase from 39% in 2021.

Key players in the pumpkin seed protein market are innovating by introducing novel products, such as protein- and fiber-rich alternatives to meat, to cater to the growing interest in alternative proteins driven by consumer awareness. These protein- products are designed to replicate the taste, texture, and nutritional profile of traditional meat-based products using primarily plant-based ingredients. For instance, More Foods, an Israel-based start-up company, unveiled protein- and fiber-rich meat substitutes derived from pumpkin and sunflower seeds in March 2022. These products focus not on mimicking meat but on delivering satisfying 'main-meal experiences' through tasty, protein-rich offerings with a pleasing texture and reduced fat content, all at a competitive price point.

In March 2022, Next Gen Foods, a Singapore-based food manufacturer, acquired Mwah for an undisclosed sum. This acquisition positions Next Gen Foods to diversify its product portfolio, seize opportunities in the burgeoning plant-based food market, and expand its customer base by entering the growing dairy segment. Mwah, a Singapore-based plant-based dairy company specializing in pumpkin seed proteins and other protein products, strengthens Next Gen Foods' position in the industry and enhances its ability to offer innovative plant-based alternatives beyond meat products.

Major companies operating in the pumpkin seed protein market 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.

Asia-Pacific was the largest region in the pumpkin seed protein market in 2023. 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. The countries covered in the pumpkin seed protein market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Pumpkin seed protein, a plant-based protein, is derived from pumpkin seeds through extraction and processing into powdered form. Abundant in essential amino acids, notably lysine, it also boasts nutrients like iron, magnesium, zinc, and antioxidants. Widely utilized as a dietary supplement, pumpkin seed protein aids in muscle growth and repair, boosts energy levels, and contributes to overall health and well-being.

The primary products in pumpkin seed protein include pumpkin seed oil, pumpkin seed powder, pumpkin seed extracts, and others. Pumpkin seed oil, a premium oil extracted from pumpkin seeds, is rich in essential fatty acids, vitamins, and minerals. Sourced from various organic and conventional outlets, it comes in natural, raw, and roasted forms and finds application in pharmaceuticals, food and beverages, animal feed, cosmetics and personal care, sports, and other sectors.

The pumpkin seed protein market research report is one of a series of new reports that provides pumpkin seed protein market statistics, including pumpkin seed protein industry global market size, regional shares, competitors with a pumpkin seed protein market share, detailed pumpkin seed protein market segments, market trends and opportunities, and any further data you may need to thrive in the pumpkin seed protein industry. This pumpkin seed protein market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The pumpkin seed protein market consists of sales of pumpkin seed protein powder, pumpkin seed protein isolate, flavored pumpkin seed protein, organic pumpkin seed protein, raw pumpkin seed protein, and blends. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including busbars, enclosures, tap-off units, expansion joints, and accessories) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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