Pumpkin Spice Market, By Type (Powder, Blend), By Application (Creamers, Seasonings, Frozen Deserts, Candles), By Distribution Channel (Supermarket/Hypermarkets, Convenience Stores, Departmental Stores, Online Retail Stores,Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
The pumpkin spice market is projected to exhibit substantial growth, increasing from US$ 1.1 Billion in 2023 to an estimated US$ 2.4 billion by 2031 this growth is anticipated to be driven by a notable CAGR of 10.2% during the period of 2024–2031.
Figure 1. Global Pumpkin Spice Market Share (%), by Region, 2024
Pumpkin spice has become the quintessential flavor of fall in North America. Originating from pumpkin pie spices used to flavor pumpkin pies during Thanksgiving, the popularity of this spice blend has grown exponentially over the past decade. Composed of cinnamon, nutmeg, ginger, and cloves, pumpkin spice offers warm, comforting flavors that have come to signify the arrival of cooler weather. While initially mainly used in baked goods and coffee drinks during the fall season, pumpkin spice products now line grocery shelves year-round. The pumpkin spice flavor profile has diversified into numerous food and beverage applications ranging from candles and air fresheners to yogurt, oatmeal, and even cheese. Its widespread appeal has transformed pumpkin spice into a multi-million dollar market niche. The popularity of pumpkin spice products is fueled by seasonal and holiday trends. As the fall season approaches, consumers are drawn to the warmth and comfort of pumpkin spice products, which can be found in everything from coffee and tea to baked goods and candles.
Market Dynamics:
The pumpkin spice market has experienced robust growth due to several key drivers. Shifting consumer preferences towards indulgent foods that provide comforting tastes and aromas has boosted demand for pumpkin spice items. Moreover, the versatility of the pumpkin spice flavor profile, allowing its integration into diverse product categories, has expanded the market scope. However, concerns around excessive consumption of the spice blend potentially causing side effects like gastrointestinal irritation present a challenge. Meanwhile, innovation in new applications such as baked snacks, condiments, and savory products provide opportunities to further tap into consumer demand. Product premiumization through high quality, artisanal formulations also opens growth avenues. Nonetheless, over-commercialization risks a backlash that could hamper the market.
Key features of the study:
- This report provides in-depth analysis of the global pumpkin spice market, and provides market size (US$ Billion) and compound annual growth rate (CAGR 8.2%) for the forecast period (2024–2031), considering 2023 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global pumpkin spice market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study Starbucks, Mc Cormick, Great Value, Glade, Dukin, Entenmanns, Freshness Guaranteed.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global pumpkin spice market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pumpkin spice market.
- By Type
- Powder
- Blend
- By Application
- Creamers
- Seasonings
- Frozen Deserts
- Candles
- By Distribution Channel
- Supermarket/Hypermarkets
- Convenience Stores
- Departmental Stores
- Online Retail Stores
- Others
- By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Top Companies in the Pumpkin Spice Market:
- Starbucks
- Mc Cormick
- Great Value
- Glade
- Dukin
- Entenmanns
- Freshness Guaranteed
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Pumpkin Spice Market, By Application
- Pumpkin Spice Market, By Type
- Pumpkin Spice Market, By Distribution Channel
- Pumpkin Spice Market, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Drivers
- Autumn Influence on Consumer Tastes
- Comfort and Indulgence in Chilly Weather
- Restraints
- Seasonality of Pumpkin Spice Products Acts
- Higher Ingredient and Production Costs
- Opportunities
- Product expansion beyond drink
- Rising popularity of organic and clean label products
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- 4. Pumpkin Spice Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Pumpkin Spice Market, By Application, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 – 2031
- Segment Trends
- Energy Storage Systems (ESS)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Bn)
- Industrial Applications
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031,(US$ Bn)
- 6. Pumpkin Spice Market, By Type, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 – 2031
- Segment Trends
- Renewable Energy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Bn)
- Utilities
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Bn)
- Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2024-2031, (US$ Bn)
- 7. Pumpkin Spice Market, By Distribution Channel , 2019-2031,(US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 – 2031
- Segment Trends
- Direct Sales
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
- Distributors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
- 8. Pumpkin Spice Market, By Region, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2024 –2031
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2024-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By From, 2024-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2024-2030, (US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2024-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2024-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2024-2030, (US$ Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2024-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2024-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2024-2031, (US$ Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2024-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2024-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2024-2031,(US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2024-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2024-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2024-2031, (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East
- South Africa
- North Africa
- Central Africa
- 9. Competitive Landscape
- Starbucks
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Mc Cormick
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Great Value
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Glade
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Dukin
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Entenmanns
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Freshness Guaranteed
- Analyst Views
- 10. Section
- Research Methodology
- About us
- *Browse 24 market data tables and 28 figures on "Pumpkin Spice Market” - Global forecast to 2031
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