Pumpkin Prices

Pumpkin Prices December 2023

In the fourth quarter of 2023, the price of pumpkin in the United States reached 0.27 USD/lb by December.

Pumpkin Price Trend, Market Analysis, and News

IMARC's latest publication, “Pumpkin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the pumpkin market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of pumpkin at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed pumpkin price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting pumpkin pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Pumpkin Market Analysis

The global pumpkin market size reached 30.02 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 41.62 Million Tons, at a projected CAGR of 3.70% during 2023-2032.

• Increasing consumer awareness of the nutritional benefits of pumpkins significantly drives the product demand in the market. Pumpkins are rich in essential vitamins and minerals such as vitamin A, vitamin C, potassium and fiber, contributing to overall health and wellness. They are also low in calories and high in antioxidants, making them a popular choice for health-conscious consumers. The growing trend toward healthy eating and natural foods has led to greater incorporation of pumpkins in diets, boosting their market demand across various segments. This increasing awareness is facilitating the pumpkin consumption worldwide. For instance, in May 2024, The National Chamber of Agriculture (NAK) and Hungary's largest fruit and vegetable producer alliance, FruitVeB, reported that pumpkin consumption is witnessing a steady increase in Hungary with the country’s winter squash plantations totaling at 1,626 hectares in 2023. This increase is significant in catering to the rise in the product consumption, both domestic and international, which, in turn, is contributing to the market growth.
• The growth in pumpkin-flavored food and beverages significantly contribute to the market growth as consumers eagerly seek out seasonal and unique flavors. Products like pumpkin spice lattes, pumpkin-flavored snacks, baked goods and even savory dishes have gained immense popularity. This trend is driven by major food and beverage brands capitalizing on the seasonal appeal and introducing innovative pumpkin-flavored offerings. The widespread appeal of these products extends beyond traditional uses, creating a robust market for pumpkins and related ingredients.
• Seasonal demand for pumpkins sees a substantial increase around Halloween and Thanksgiving, driving significant sales spikes during these periods, particularly in the countries like the USA and the UK. Halloween's tradition of pumpkin carving for jack-o'-lanterns creates a surge in pumpkin purchases, with many families participating in this festive activity. Similarly, Thanksgiving traditions prominently feature pumpkins in various culinary dishes such as pumpkin pie, soups and other seasonal recipes making them a staple during holiday meals. This seasonal demand is amplified by cultural and social events, marketing campaigns and retail promotions centered around these holidays, leading to heightened consumer interest and a marked increase in pumpkin sales. For instance, in an article published by Economic Times, pumpkin picking has become a booming business for farmers in the Vale of Glamorgan, Wales. A 40% increase in ticket sales was reported by Forage Farm which expects around 4,000 visitors. With over 10,000 pumpkins of 20 different types the farm is thriving due to social media influence and returning customers. The region cultivates an astonishing 100,000 pumpkins with farmers earning up to £30,000 per acre. This trend showcases the impact of social media on consumer behavior and agricultural diversification.

Pumpkin News

The report covers the latest developments, updates, and trends impacting the price of pumpkin, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the pumpkin price trend.

Latest developments in the pumpkin industry:

• In May 2024, Assam's Bokakhat farmers saw a significant increase in pumpkin production exporting pumpkins worth Rs 5.24 crore to other states up from Rs 2 crore last year. The achievement is attributed to effective government schemes and policies. The agriculture minister emphasized the transformation of the agriculture sector leading to self-reliance for farmers and creating employment opportunities. The government aims to continue supporting farmers to boost production further.
• In May 2024, East-West Seed India announced the launch of YieldPro 169, a semi-bushy, high-vigor hybrid pumpkin, at a Mega Field Day organized at Bastihalli, Pandavapur Taluk, Mandya District, Karnataka. With its unique features, YieldPro 169 promises to revolutionize pumpkin farming by offering a higher yield per acre due to increased plant population, excellent virus tolerance, early harvesting of existing varieties, and adaptability to various climates and soils.

Product Description

Pumpkins are a type of winter squash belonging to the Cucurbitaceae family which includes cucumbers, melons and gourds. Characterized by their thick, ribbed orange skin and hollow interior filled with seeds and pulp, pumpkins are native to North America. They are known for their versatility in culinary uses, ranging from savory dishes like soups and roasted pumpkin to sweet treats such as pies and bread. Pumpkins are celebrated for their rich nutritional profile, being high in vitamins A and C, potassium, and dietary fiber while low in calories. The seeds, known as pepitas, are also edible and nutritious, often roasted and consumed as a snack. Beyond their nutritional benefits, pumpkins play a significant cultural role, particularly in North American traditions like Halloween and Thanksgiving. They are commonly used for decorative purposes, especially in carving jack-o'-lanterns, and are a staple in many festive recipes.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the pumpkin price trend. 

Global Pumpkin Price

The report offers a holistic view of the global pumpkin pricing trends in the form of pumpkin price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of pumpkin, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed pumpkin demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Pumpkin Price

European pumpkin prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for pumpkin can also be provided for an extensive list of European countries.

North America Pumpkin Price

The analysis of pumpkin prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific pumpkin historical data within the United States and Canada can also be provided.

Middle East and Africa Pumpkin Price

The report explores the pumpkin pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Pumpkin Price

The pumpkin pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This pumpkin price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Pumpkin Price

The analysis of pumpkin prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of pumpkin pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting pumpkin price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The pumpkin price charts ensure our clients remain at the forefront of the industry.