Global Pumpkin Seed Extract Products Market Anticipated to Reach USD 2,138.9 Million by 2031

According to a recent market study published by Growth Market Reports, titled, “Global Pumpkin Seed Extract Products Market is segmented into by form, by application, by distribution channel and by region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 1,265.0 Million in 2022 and is expected to grow at a growth rate of 6.2% by the year 2031.

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Pumpkin seed extracts are used for various purposes, including the prevention & treatment of prostate diseases, urinary tract health, heart health, and hair growth. They have also been studied for their potential benefits in managing diabetes, anxiety, and cancer.

Pumpkin seed extracts are a rich source of nutrients, including protein, healthy fats, fiber, vitamins, and minerals. They are also known for their numerous health benefits, making them a popular addition to a balanced diet. In addition to their nutrient content, pumpkin seed extracts are also packed with antioxidants, such as vitamin E and carotenoids. These antioxidants help protect the body from oxidative stress and inflammation, which can contribute to chronic diseases like heart disease and cancer. Pumpkin seed extracts have also been linked to improved heart health, as they contain phytosterols that can help lower cholesterol levels.

Based on form, the global pumpkin seed extract products market is segmented into pumpkin seed extract powder, pumpkin seed oil, and pumpkin seed extract capsules/softgels. The pumpkin seed extract powder segment held significant share of the market in 2022 as pumpkin seed extract powder is typically more concentrated in nutrients as compared to pumpkin seed oil. Water-soluble and fat-soluble compounds are both retained in the powder form during the extraction process, providing a broad spectrum of nutrients.

On the basis of application, the global pumpkin seed extract products market is classified into food supplements and beauty products. The food supplements segment is expected to expand at a significant CAGR during the forecast period, as pumpkin seed extract is primarily valued for its nutritional benefits, including its rich content of vitamins, minerals, antioxidants, and essential fatty acids. These nutrients are typically consumed orally to support overall health and well-being, making food supplements a natural fit for delivering the nutritional properties of pumpkin seed extract. The health benefits of pumpkin seed extract include supporting prostate health, promoting heart health, and boosting immune function. Thus, consumers are heavily seeking out pumpkin seed extract in food supplements intended for internal consumption.

On the basis of distribution channel, the global pumpkin seed extract products market is segmented into online, and offline. The offline segment held major share of the market in 2022. Offline channels offer the advantage of immediate access to products. Consumers simply walk into a store, pick up the desired item, and make a purchase without waiting for shipping or delivery. Moreover, some consumers prefer to physically examine products before making a purchase, especially when it comes to health supplements and beauty products. Being able to see, touch, and read labels provides a sense of assurance about the quality and authenticity of the product among consumers.

The outbreak of COVID-19 pandemic disrupted the global supply chain, due to lockdown measures, travel restrictions, and manufacturing disruptions. Supply chain issues led to challenges in the production and distribution of several healthcare products, causing delays in delivery and shortages in some regions. Supply chain disruptions moderately impacted the availability of essential raw materials required for manufacturing pumpkin seed extract products. Governments have imposed social distancing and remote working as well as shut down economic operations globally, which hampered the global pumpkin seed extract products market.

Preventive measures imposed by governments, such as emergency lockdowns and social distancing, forced many stores, including grocery stores, to temporarily close. This resulted in a huge decline in foot traffic, which significantly decreased sales and revenue. Many people and families faced financial hardships during the pandemic, which reduced consumer spending on non-essential items, including pumpkin seed extract products. Consumers were inclined to prioritize essential products over non-essential products, due to uncertainty about their jobs and earnings.

As per Growth Market Reports by industry analyst Raksha Sharma, “Factors such as rising health consciousness, increasing demand for high-end food and oil products, nutritional value, and presence of various properties play a significant role in the growth of global pumpkin seed extract products market.”

Supply chain management is an essential part of any business. Supply chain contains a series of steps to get products from their original state to the customers. These steps include transforming raw materials into final products, transporting those products, and distributing them to the end-users. Quality checks are performed throughout the production process by manufacturers to ensure the quality of the product. The products are then supplied to the distributors. End-users are the final step of the supply chain. End-users of pumpkin seed extract products include individuals seeking the nutritional benefits and therapeutic applications of pumpkin seeds and their derivatives.

Market Key Developments

In June 2023, More Foods of Tel Aviv announced a strategic collaboration with Tivol, a subsidiary of the Osem-Nestlè Group, to bring to market a portfolio of ‘meaty’ products made from pumpkin seeds.

The players in the Global Pumpkin Seed Extract Products Market include Aptiekas Produkcija; Avitale GmbH; Botanic Innovations, LLC; Food to Live; GNC Holdings, LLC; Golden Greens Organic Ltd; Hard Eight Nutrition LLC; Horbäach; Laboratoire ORONALYS; Lekithos Inc.; NOW Foods; Puritan’s Pride, Inc.; Roland Foods, LLC.; Seed Oil Company; SULU ORGANICS; US Organic Group Corp.; Z Natural Foods; ZeinPharma Germany GmbH; and Others.

Report Scope

Target Audience:

• Supply-side: Manufacturer, Suppliers and End-users.

• Demand Side: Individuals seeking the nutritional benefits and therapeutic applications of pumpkin seeds and their derivatives.