Global Butternut Squash Market Size By Type (Fresh Form, Frozen Form, Puree Form), By Application (Online Retailm, Offline Retail), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Butternut Squash Market Size By Type (Fresh Form, Frozen Form, Puree Form), By Application (Online Retailm, Offline Retail), By Geographic Scope And Forecast
Butternut Squash Market Size And Forecast
Butternut Squash Market size was valued at USD 2.37 Billion in 2024 and is projected to reach USD 3.72 Billion by 2031, growing at a CAGR of 6.4% from 2024 to 2031.
Several reasons that propel the Butternut Squash Marketplace include its nutritional value, adaptability in numerous meals, availability, rising demand for foods made from plants, and a worldwide trend towards a nutritious diet and lifestyle. The Global Butternut Squash Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Butternut Squash Market Drivers
The market drivers for the Butternut Squash Market can be influenced by various factors. These may include
Health and Nutrition AwarenessPeople are looking for nutrient-dense food options and are becoming more aware of their health. Due to its high vitamin, mineral, and fibre content, butternut squash is a favourite among people who are concerned about their health.
Vegan and Vegetarian DietsAs the popularity of these diets has grown, so has the need for plant-based foods like butternut squash, which may make a significant and nutrient-dense part of these diets.
Recipes and Culinary TrendsThe demand for particular ingredients might be influenced by the vogue of certain recipes as well as current culinary trends. Due to its adaptability and use in a range of recipes, such as salads, risottos, soups, and even pizza toppings, butternut squash is becoming more and more popular.
greater Consumer Knowledge of the Advantages of Seasonal EatingAs consumers learn more about the advantages of eating seasonally, there is a greater demand for produce that is in season, such as butternut squash, which drives up market activity during harvest seasons.
Food sustainability and locally sourced produceSupporting local farmers and promoting sustainability are growing trends. Locally produced butternut squash can help lower the carbon footprint of long-distance transportation, which will appeal to customers who care about the environment.
Product Innovation and ConvenienceButternut squash is now more consumer-friendly thanks to advancements in food processing and packaging. Convenience is the driving force behind market expansion for pre-cut, frozen, or canned butternut squash products, which appeal to time-pressed consumers seeking simple and quick dinner options.
Globalisation and Ethnic CuisinesAs a result of the spread of food culture, people are now exposed to a wide range of cuisines, some of which have butternut squash as a key ingredient. Its use in ethnic foods from South Asia, the Middle East, and North Africa has increased market demand and expanded its consumer base.
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Global Butternut Squash Market Restraints
Several factors can act as restraints or challenges for the Butternut Squash Market. These may include
SeasonalityHarvested mostly in the autumn, butternut squash is a seasonal crop. This seasonality may have an adverse effect on market growth by limiting sales and availability throughout the year.
WeatherVariations in the weather, such as droughts, heavy rains, or frost, can have an impact on the quantity and quality of butternut squash crops, which could raise prices and cause supply to fluctuate.
Transportation CostsIf there are rises in fuel prices or transportation interruptions, the cost of moving butternut squash from production areas to consumer markets may be a substantial constraint.
Storage and Shelf LifeCompared to certain other fruits and vegetables, butternut squash has a comparatively long shelf life, however maintaining quality requires the right storage conditions. Market availability may be impacted by spoilage and waste resulting from inadequate storage facilities or careless treatment during travel.
Competitor veggiesButternut squash has competition from other veggies for the attention and store space of consumers. Market expansion may be limited by elements including cost, advertising, and consumer preferences for non-traditional veggies.
Consumer Education and AwarenessAlthough butternut squash is a versatile food and has many health advantages, some customers might not know what it is or may not know how to prepare it. The market demand for butternut squash may be limited by a lack of knowledge or instruction about its advantages and applications.
Regulatory ConstraintsThe production, distribution, and trading of butternut squash can be impacted by regulations pertaining to agricultural methods, pesticide use, food safety requirements, and import/export limitations. These regulations can introduce complexity and potentially obstruct market expansion.
Economic FactorsThe demand for butternut squash and other fresh food products can be impacted by economic downturns, shifts in consumer purchasing patterns, and variations in disposable income.
Pests and DiseasesButternut squash crops are susceptible to pests and diseases, which can result in decreased yields and lower-quality food. Controlling the burden of pests and diseases can be difficult and may call for the use of pesticides or other treatments, which raises issues with the environment and production expenses.
Global Butternut Squash Market Segmentation Analysis
The Global Butternut Squash Market is Segmented on the Basis of Type, Application, And Geography.
Butternut Squash Market, By Type
Fresh Form
Frozen Form
Puree Form
Based on Product, the market is segmented into Fresh Form, Frozen Form, Puree Form. The fresh form segment held a significant market share in the Butternut Squash Market in 2021. Butternut Squash is common in various cuisines and may be enjoyed raw or cooked. Butternut Squash is often offered fresh as whole or sliced pieces in addition is used in a variety of cuisines, including soups, salads, stews, and roasted foods. The growing consumer knowledge of fresh butternut squash’s nutritional advantages and type drives demand.
Butternut Squash Market, By Application
Online Retail
Offline Retail
Based on Application, the market is segmented into Online Retail, and Offline Retail. The online segment dominated the global Butternut Squash Market with the highest market share in 2021. The demand for Butternut Squash in online retail has increased in recent years. With the growth of e-commerce, consumers are increasingly looking for the convenience of purchasing fresh produce online. This trend is particularly relevant for Butternut Squash as it is a popular and versatile ingredient in many dishes. Moreover, online retailers have been able to provide more information to consumers about the Butternut Squash they are purchasing. This includes the growing practices, harvest date, and nutritional content.
Butternut Squash Market, By Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
On the basis of Geography, the global Butternut Squash Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North American region accounted for a significant market share in the global Butternut Squash Market in 2021. Butternut Squash is a prominent winter squash type in North America. Thus, there is a substantial market for it there. The accessibility, health benefits, and variety in preparation boost demand for Butternut Squash in the United States and Canada. Butternut Squash is farmed throughout North America, notably in Canada, the United States, and Mexico.
Key Players
The “Global Butternut Squash Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Rana Meal Solutions LLC, Sakata Vegetables Europe S.A.S., Harris Seeds, Stahlbush Island Farms, Mackenzie Limited, ALDI Inc., Tozer Seeds Ltd., JDM Food Group, Stonehill produce, Avantika Enterprises, NISHTARA, Alasko Foods inc., Ardo, BIOMAC SRL, G. Bruce & Co Ltd, Del Monte Foods, The Kraft Heinz Company, Seneca Foods Corporation, Birds Eye Foods, Nestlé S.A., Mancini Packing Company, J.R. Simplot Company, Green Giant, Goya Foods, Inc. Bonduelle Group.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Rana Meal Solutions LLC, Sakata Vegetables Europe S.A.S., Harris Seeds, Stahlbush Island Farms, Mackenzie Limited, ALDI Inc., Tozer Seeds Ltd., JDM Food Group, Stonehill produce, Avantika Enterprises, NISHTARA, Alasko Foods inc., Ardo, BIOMAC SRL, G. Bruce & Co Ltd among others.
SEGMENTS COVERED
By Type
By Application
By Geography
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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