Pumpkin Seed Oil Market Size To Reach $2.07 Billion By 2030

Pumpkin Seed Oil Market Growth & Trends

The global pumpkin seed oil market size is expected to reach USD 2.07 billion by 2030, growing at a CAGR of 10.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising health and wellness trend is a primary driver, as consumers increasingly seek natural products with high nutritional value, and pumpkin seed oil, rich in essential fatty acids, vitamins, and antioxidants, fits this demand perfectly.

 Additionally, the growing popularity of plant-based diets has elevated the status of pumpkin seed oil as a preferred alternative for those avoiding animal-based products. The shift towards natural and organic products also plays a significant role, with consumers wary of synthetic additives opting for pure, cold-pressed pumpkin seed oil. Furthermore, the expansion of e-commerce platforms has made it easier for consumers to access a variety of pumpkin seed oil products, driving sales globally. The inclusion of pumpkin seed oil in functional foods and dietary supplements has further boosted its market, given its health benefits like supporting prostate health and cardiovascular function.

Pumpkin seed oil, derived from the seeds of Cucurbita pepo pumpkins, is a highly nutritious oil renowned for its rich flavor and numerous health benefits. Traditionally used in Central European cuisine, it has gained popularity worldwide due to its versatile applications in the food, cosmetic, and pharmaceutical industries. The increasing awareness of health and wellness has significantly boosted the demand for pumpkin seed oil. Rich in essential fatty acids, antioxidants, vitamins, and minerals, pumpkin seed oil is lauded for its health benefits. It is known to support prostate health, cardiovascular health, and improve skin and hair health. The growing consumer inclination towards natural and functional foods has played a crucial role in driving the market forward.

The rise of veganism and plant-based diets has positively impacted the pumpkin seed oil market. As more people seek plant-based sources of essential nutrients, pumpkin seed oil has emerged as a popular choice. Its versatility in culinary applications, from salad dressings to baking, makes it a valuable addition to a plant-based diet.There is a significant shift towards natural and organic products, driven by consumer concerns about synthetic additives and chemicals. Pumpkin seed oil, especially the cold-pressed variety, is often preferred for its purity and lack of chemical additives. This trend extends beyond the food industry to cosmetics and personal care, where consumers seek natural ingredients for their skin and hair care routines.

The nutraceutical industry has been leveraging the health benefits of pumpkin seed oil, leading to an increase in pumpkin seed oil supplements and functional food products. These products often target specific health concerns such as prostate health, cholesterol management, and hormonal balance. Furthermore, improvements in oil extraction technologies have led to higher quality pumpkin seed oil with better retention of nutrients and flavor. Cold-pressing techniques, in particular, have gained popularity for preserving the oil's beneficial compounds.

The cosmetics and personal care industry has been increasingly incorporating pumpkin seed oil into various products due to its beneficial properties for skin and hair. Its high content of vitamins and fatty acids makes it an attractive ingredient in moisturizers, hair care products, and anti-aging formulations.

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Pumpkin Seed Oil Market Report Highlights

• Cold-pressed pumpkin seed oil dominated with a 61.9% revenue share in 2023 due to superior nutrition and health benefits. This method retains more natural antioxidants, vitamins, and fatty acids without using heat or chemicals, appealing to health-conscious consumers seeking pure, flavorful, and nutritious oil.

• Food applications led with a 52.3% revenue share in 2023, driven by the oil's rich flavor, nutritional benefits, and culinary versatility. Its popularity in salads, soups, and desserts, coupled with health benefits and the trend toward plant-based foods, boosted demand in the food industry.

• B2B distribution channel accounted for 72.3% of revenue share in 2023, due to large-scale procurement by food, cosmetic, and pharmaceutical industries. This channel offers efficient supply chain management, cost-effectiveness, and the ability to meet bulk orders, facilitating partnerships between producers and industry players.

• Europe dominated the market with a 35.9% revenue share in 2023, thanks to its tradition of pumpkin cultivation, high-quality standards, and consumer preference for natural and gourmet products. Advanced agricultural practices, quality control, and the oil's role in traditional European cuisine further solidified its market position.

Pumpkin Seed Oil Market Segmentation

Grand View Research has segmented the global pumpkin seed oil market based on the type, application, distribution channel, and region.

Pumpkin Seed Oil Type Outlook (Revenue, USD Million, 2018 - 2030)

• Cold-Pressed

• Traditional/Processed

Pumpkin Seed Oil Application Outlook (Revenue, USD Million, 2018 - 2030)

• Food

• Cosmetics

• Pharmaceuticals

• Nutraceuticals

Pumpkin Seed Oil Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• B2B

• B2C

  • Supermarkets/Hypermarkets

  • Online

  • Others

Pumpkin Seed Oil Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • Australia & New Zealand

  • South Korea

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players in the Pumpkin Seed Oil Market

• Podor USA Inc.

• De Hekserij

• La Tourangelle

• Styrian Gold

• Eurovanille

• Olmuhle Fandler GmbH

• Silverline Chemicals

• Gustav Heess

• VedaOils

• Nutragreenlife Biotechnology Co., Ltd.