Global Pumpkin Seed Oil Market Pumpkin Seed Oil Forecasts to 2033

• The Global Pumpkin Seed Oil Market Size was Valued at USD 1.03 Billion in 2023
• The Market Size is Growing at a CAGR of 10.24% from 2023 to 2033
• The Worldwide Pumpkin Seed Oil Market Size is Expected to Reach USD 2.73 Billion by 2033
• Asia-Pacific is Expected to Grow the fastest during the forecast period.

The Pumpkin Seed Oil Market Size is Anticipated to Exceed USD 2.73 Billion by 2033, Growing at a CAGR of 10.24% from 2023 to 2033. The market is bolstered by the increasing recognition of the health advantages linked to pumpkin seed oil, including enhanced heart and prostate health and its anti-inflammatory qualities.

PUMPKIN SEED OIL MARKET REPORT OVERVIEW

The oil extracted from pumpkin seeds has a deep green hue and is rich in free fatty acids. Four main fatty acids oleic (43.8%), linoleic (33.1%), palmitic (13.4%), and stearic (7.8%) respectively. Cucurbita maxima, the scientific name for pumpkin, is a member of the Cucurbitaceae family, which is commonly grown in tropical climates and has a comparatively high economic significance. Pumpkin is one of the most often consumed vegetables in Indonesia and is regarded as a functional food because of its incredibly abundant supply of bioactive chemicals that have positive health effects. China dominated the world in pumpkin production, accounting for 29% of the 27 million tons produced worldwide. Pumpkin seed oil is abundant in vitamins, minerals, and fatty acids. These could promote healthy hair growth.

The effects of pumpkin seed oil on cardiovascular health are substantial. It has been demonstrated to lower cholesterol and blood pressure, two important heart disease risk factors. A study that was published in the "Journal of Medicinal Food" discovered that using pumpkin seed oil significantly lowered LDL cholesterol levels and both systolic and diastolic blood pressure. There is ample evidence to support the benefits of pumpkin seed oil for prostate health. Because of its high zinc level, it helps prevent benign prostatic hyperplasia (BPH), a condition where the prostate enlarges, and maintains prostate health. Clinical studies have proven that pumpkin seed oil is effective in easing BPH symptoms.

Report Coverage

This research report categorizes the market for the global pumpkin seed oil maker market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global pumpkin seed oil maker market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global pumpkin seed oil maker market.

DRIVING FACTORS:

The rising awareness about the health benefits can boost the market growth.

Linoleic acid, a kind of omega-6 fatty acid that can be linked to better blood sugar regulation and heart health, is especially abundant in pumpkin seed oil. Furthermore, pumpkin seed oil has a high concentration of antioxidant substances including carotenoids and polyphenols that could help ward off chronic illness and inflammation. In order to promote healthy hair development, pumpkin seed oil is occasionally applied topically or taken as a supplement.

The stringent regulation could hinder the market growth. 

The strict government regulation, supply chain disruptions, and changing consumer preferences could restrict the demand for pumpkin seed oil all over the world.

Market Segmentation

The pumpkin seed oil market share is classified into type and application.

The cold-pressed pumpkin seed oil segment is expected to boost the market growth during the forecast period.

Based on type, the pumpkin seed oil market is classified into cold-pressed, traditional/processed, and others. One of the earliest methods of extracting oil is cold pressing, which does not include the use of chemicals, heat treatment, refining, or solvent extraction. The reduction of the breakdown of beneficial oil bioactive like phytosterols, tools, fatty acids, vitamins, carotenoids, etc. is one of the main benefits of cold pressing. The nutritional and functional qualities of the generated oils make them more appealing to consumers. A new commercial product making its way into markets is cold-pressed oil made from the seeds of many types of pumpkins (Cucurbita). Untreated, dry seeds are continuously mechanically pressed at temperatures no higher than 50 °C to produce cold-pressed pumpkin seed oil. A frequent application for cold-pressed pumpkin seed oil is as an edible oil or as a possible nutritional supplement due to its abundance of bioactive components. Prostate cancer prevention, improved hypercholesterolemia, arthritis, bladder compliance, retardation of hypertension, reduction of bladder and urethral pressure, alleviation of diabetes, lowering cancer levels, and high-quality antioxidant properties have all been linked to possible health benefits.

The food segment accounted for the largest share of the market over the forecast period.

Based on application, the pumpkin seed oil market is classified into food, cosmetics, and others. Due to its nutty flavor, pumpkin seed oil is highly prized and frequently used as a finishing oil to improve the flavor of salads, soups, and desserts. Because of its high level of unsaturated fatty acids, antioxidants, vitamins, and minerals, the oil is a favorite among consumers who are concerned about their health and want to include wholesome foods in their meals. The food industry's growing inclination toward plant-based and functional foods has increased demand for pumpkin seed oil. Furthermore, because of its well-known health advantages which include boosting cardiovascular health, lowering inflammation, and supporting prostate health, it has become a mainstay in many kitchens across the world. A growing number of cosmetic firms are including pumpkin seed oil in their formulas due to the growing desire for clean beauty products free of artificial chemicals and additives.

Regional Segment Analysis of the Global Pumpkin Seed Oil Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe has had the biggest share of the pumpkin seed oil market throughout the forecast period.

Due to the long-standing heritage of pumpkin farming and oil manufacturing in the region particularly in nations like Slovenia and Austria, the European pumpkin seed oil industry accounted for the greatest revenue share. European pumpkin seed oil has a solid market presence because of its high standards and stellar reputation. Premium pumpkin seed oil is in high demand due to European customers' penchant for natural, organic, and gourmet food products. Furthermore, the production of superior-quality oil is ensured by the region's sophisticated agricultural practices and strict quality control systems. Pumpkin seed oil's domination in the market is also a result of its widespread use in traditional European cuisines and culinary legacy.

The Asia-Pacific is the fastest growing region during the projected timeframe.

Customers are looking for nutrient-rich oils like pumpkin seed oil for their diets and skincare regimens as the trend toward health and well-being continues to develop. The growing plant-based and vegan cuisine movement in the area has also increased demand for substitute oils. Pumpkin seed oil is now more widely available to consumers because of the growth of e-commerce and niche health food stores.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global pumpkin seed oil market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• AOS Products Private Limited
• Aadhunik Ayurveda
• Silverline Chemicals
• Estyria’s
• Life-flo
• Bio Planete
• Franks Naturprodukte
• Piping Rock
• Mountain Rose Herbs
• HealthAid
• Now Foods
• Holland & Barrett
• Spring Valley
• Tradin Organic Agricultural B.V.
• Others

Key Market Developments

• In March 2022, according to the Journal of Applied Pharmaceutical Science the antioxidant properties of PSOs as determined by the β-carotene bleaching, DPPH radical scavenging, and ABTS assays. PSO from Gunung Kidul which was extracted by hot pressing had the highest antioxidant activity (98.71%) on both DPPH radical assays.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global pumpkin seed oil market based on the below-mentioned segments: 

Global Pumpkin Seed Oil Market, By Type

• Cold-Pressed
• Traditional/Processed
• Others

Global Pumpkin Seed Oil Market, By Application

• Food
• Cosmetics
• Others

Global Pumpkin Seed Oil Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa