Global Pumpkin Powder Market: Overview
Pumpkin
powder is obtained from pumpkin, which has been dried and grounded. It is a
good source of organic fibers, vitamins, potassium, and other beneficial
ingredients like proteins, carbohydrates, carotenes, pectin, magnesium, iron
and many others that are needed for healthy functioning of the body. It is
also known to have beneficial impact on digestive system. Other advantages
include regulation of body fat and blood sugar. This is particularly quite
useful for people with diabetes, since it stimulates insulin secretion and
utilization. Additionally, it detoxifies blood and boosts immune system.
Owing to
all these nutritional benefits, it is a widely used as a natural health
additive. The powder can be used in functional foods and beverages, which are
witnessing massive increase in demand, as a food grade additive and enhancer.
Additionally, it can also be used for advanced cosmetics as a special additive
and as a pharmaceutical raw material.
The global
pumpkin
powder market is set to witness notable growth and significant
improvement in market worth over the forecast period of 2020 to 2030.
Additionally, the landscape is set to proffer new and attractive growth
opportunities, notes Transparency Market Research.
Global Pumpkin Powder Market: Competitive Landscape
The global
pumpkin powder market is competitive and the landscape for this product is
fragmented. Players make use of a number of growth strategies. The organic and
inorganic mix of these is quite interesting to note. A major goal of these
measures is to increase claim on market share and improve production capacity.
Few of the most prominent names of players that drive it forward are:
·
AUM AGRI FREEZE FOODS
·
Arisun Chempharm Co., Ltd.
·
Cedenco Foods
·
Nutragreenlife Biotechnology Co. Ltd.
·
Linwoods
·
Woodland Foods
·
Yuensun Biological Technology Co., Ltd.
·
SpicesForLess
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Global
Pumpkin Powder Market: Key Trends and Drivers
·
Global consumers are increasingly interested in living a
wholesome lifestyle. This is a major factor leading to demand for healthful
foods. Also, consumers have become more conscious about their organic and
plant-based foods. Veganism, for instance is major propeller of growth in
demand for such products
·
The millennial populace is immersed in fitness trends and often
opts for products that improve well-being. This includes organic foods and
healthful supplements. A holistic lifestyle also involves following a special
diet and that is set to fuel demand for pumpkin powder. Therefore, it does not
come as a surprise that functional foods are in high demand. These use the
product in good quantities, generating demand in the market. Growing demand for
dietary supplements is also creating notable demand for the product. This is
also true of pharmaceutical companies and personal care product
manufacturers.
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Global Pumpkin Powder Market: Regional Analysis
As of
2015, about 14% of the total fruits and vegetables sold in the US were organic.
Indicated from the above statistical information is the fact that there is an
increased awareness and demand among the American population about organic
products. This spells good news for the regional pumpkin powder market as more
people demand products that are good for their health and well-being. Hence,
North America dominates and will continue to dominate the global pumpkin powder
market over the forecast period of the upcoming market report, prepared by
Transparency Market Research.
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With
regard to the Asia Pacific (APAC) region, the organic foods market here is
projected to grow at a steady rate in the near future. This growth will be owed
to a growing agriculture sector in the region coupled with robust domestic
demand by an increasingly knowledgeable and affluent middle class population.
Understandably, these factors will also drive the growth of the pumpkin powder
market.
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