Pumpkin Spice Market, By Type, By Application, By Distribution Channel, By Geography

Description

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.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 1.1 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 - 2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	10.20%	2030/2031 Value Projection:	US$ 2.4 Bn

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.

Detailed Segmentation of 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

Product Code: CMI6599

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