Poppy Seed Market Size And Forecast
Poppy Seed Market was valued at USD 206.27 Million in 2019 and is projected to reach USD 260.28 Million by 2027, growing at a CAGR of 3% from 2020 to 2027.
Approvals pertaining to the sale of poppy seeds in several regions have driven demand within the global market. Opium poppy is widely used in ornamental plants, & this is an important consideration from the perspective of market growth. The Global Poppy Seed Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Harvesting of opium poppy has gathered momentum in various regions. Support from government authorities has facilitated large-scale cultivation of opium poppy. Use of poppy seeds in various food products has become an important dynamic of market growth. Sale of poppy seeds across local shops has given an inlet for cultivators to penetrate niche markets. Unauthorized sale of poppy seeds is could act as a challenge for the market vendors.
Global Poppy Seed Market Overview
Poppy Seeds are famous for providing a considerable amount of linoleic acid, which is an omega-6 fatty acid. A healthy balance of omega-3 and omega-6 fatty acids is highly recommended to maintain heart health. The seeds also contain large amounts of iron and phosphorous, minerals that are essential for the maintenance of both muscles & bones. The abundance of copper & iron in poppy seeds improves red blood cell formation that helps in the prevention of anemia and other blood-related conditions. Taking a teaspoon of poppy seed oil before going to bed has been observed to help ease the symptoms of insomnia by promoting relaxation.
The increasing popularity of poppy based bakery products has a significant effect on the demand of poppy seeds. One of the most popular uses of poppy seeds is in Hungary, & is called makosh, or Hungarian poppy seed roll where the poppy seeds are used as a filling. Now the poppy seeds are commonly added to bagels, cakes, puddings, and tarts. The increasing application of poppy seeds is driving demand for poppy seeds market.
Apart for its use as a flavoring and dressing ingredient, the seeds are also used as dietary supplements to improve sleep cycle; it is marketed towards people who seem to suffer from sleeplessness‚ anxiety‚ and stress. In the recent past the herbal/botanical supplements have witnessed an upsurge in the market, attributed to the heightened consumer trust in herbal supplements. Poppy seeds have also benefited from this rise in demand in herbal based products and are estimated to grow in demand in terms of both value and volume.
Poppy Seed Market, By Geography
• North America
• Asia Pacific
• Rest of the world
Based on regional analysis, the Global Flexible Substrates Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia Pacific region will be the rapidly growing market for automated external defibrillator. On the other hand, Latin America will experience moderate growth in the coming years. The Middle East and Africa will register slower growth in the years to come.
Key Players in Poppy Seed Market
The “Global Poppy Seed Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Frontier natural products co-op, Woodland foods, Bob’s Red Mill Natural Foods, PROBI, spol. s r.o., Belmar dis ticaret A.S., P.P.H.U. Kampol, Bata food, Bio nutrition Inc., Olivenation LLC., and Unifood.cz s.r.o.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.