The ‘Global Poppy Seed Market Price, Share, Size, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global poppy seed market, assessing the market on the basis of its segments like form, application, sales channel, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Poppy Seed Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 215.83 million
• Forecast CAGR (2023-2028): 3.40%
• Forecast Market Size (2028): USD 263.01 million
The major drivers in the global poppy seed market include the growing demands for poppy seeds in the baking industry. Over the past years, the application of poppy seeds in baking activities has significantly risen, owing to their earthy taste and high nutritional value. The market for poppy seeds has expanded due to poppy seeds being used as garnishes on puddings, bagels, tarts, and pies, among others.
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Apart from being an immensely flavourful dressing ingredient in many recipes, poppy seeds are also consumed as dietary supplements by patients struggling with sleeplessness in order to improve their sleep cycles. Increased acceptance of herbal supplements has benefitted the botanical and herbal supplement sector, this increase in popularity has further aided the growth of the global poppy seed market.
Increasing health concerns have encouraged people to opt healthier food alternatives and preference for poppy oil has increased owing to such growing concerns as poppy seeds offer a wide range of health benefits. Some of the advantages of consuming poppy seeds are reduced stress and anxiety alongside improvements in muscle and bone conditions. The positive health effects associated with consumption of poppy seeds is expected to drive the growth of the global poppy seed market during the forecast period.
Poppy Seed Industry Definition and Major Segments
Poppy seeds are derived from Papaver somniferum and the tiny kidney shaped seeds have a nutty and palatable flavour. They are preferred in cooking as they contain large amounts of nutrients such as magnesium, zinc, manganese, phosphorus, thiamine, and folate. Pappy seeds are commonly used in salad dressings, baked goods, and oils, among others.
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Based on form, the market is divided into:
• Dried Seeds
On the basis of application, the market is segmented into:
• Personal Care
Based on sales channel, the market is bifurcated into:
• Direct Channel
• Indirect Channel
On the basis of region, the market is segregated into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Poppy Seed Market Trends
The key trends in the global poppy seed market include the increasing demands for poppy seeds in the self-care sector. Poppy seed oil helps repair the hydraulic film of the hair which in turn leads to increase in shine as well as offers excellent smoothening, softening, and conditioning properties. The high linoleic acid levels aid in providing moisturisation to hair, whereas high levels of Vitamin E and sterols support healthy growth and volume. The abundance of essential nutrients and antioxidants help in reducing scalp infections, skin inflammation, and promote overall hair and skin health.
The cardiovascular benefits of poppy seeds such as normalising of blood pressure levels, owing to the availability of oleic acid, is another crucial trend in the global poppy seed market. They can be beneficial for both high and low blood pressure conditions, and enhancement of cardiovascular endurance is promoted which in turn decreases the chances of cardiac anomalies. Apart from cardiovascular benefits, the presence of abundant levels of phosphorus and iron in poppy seeds is also expected to boost the growth of the market as demands for natural supplements and foods with health benefits increases.
In regional terms, in Europe, the market for poppy seeds has further grown in countries such as the United Kingdom, France, and Hungary where baked goods are an integral part of the regular diet.
Key Market Players
The major players in the global poppy seed market report are, Sokol and Company, Bob’s Red Mill Natural Foods, Frontier Natural Products Co-op., Bio Nutrition Inc., Olivenation LLC, Unifood cz s.r.o., and Woodland Foods, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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