Poppy Seed - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Poppy Seed Market is accounted for $196.35 million in 2017 and is expected to reach $291.80 million by 2026 growing at a CAGR of 4.5% during the forecast period. Some of the key factors driving the market growth include rising popularity of poppy based bakery products, increasing application of poppy seeds in bagels, puddings, cakes & tarts and escalating health benefits from poppy seeds. Furthermore, rising misuse of poppy seeds in major regions and limitations on trade are hindering the market growth.
Poppy seed, are derived from dry fruits (pods) of the poppy plant (opium poppy) that have a nutty and pleasant taste, the seeds are rich in nutrition and are used as a condiment in cooking. Poppy seeds are popularly used as condiment and dressing oil. Poppy seeds are extensively used in bakery products due to its crunchy texture and unique flavor. Although the toxic alkaloids of the opium poppy, it is very safe to use as food as it contains minor quantities of such toxic alkaloids. The outer husk of poppy seeds is a good source of dietary fiber and contains various minerals like iron, copper, calcium, potassium, manganese, zinc and magnesium making it a very powerful food ingredient.
On the basis of distribution channel, indirect segment is anticipated to have considerable growth over the forecast period. The indirect segment is the combination of the specialty stores, modern trade, online retail and other retail formats. While the modern trade such as supermarkets and hypermarkets have conquered the sales in the emerging economies. The high accessibility or products online together with the fast pace lifestyle where consumers spend less time on shopping from stores and prefer the convenience of products being delivered directly at door steps, the online retail segment is also estimated generate significant sales. By Geography, Europe is estimated to have steady growth during the forecast period. The popularity of bakery in countries such as the U.K. France have supplemented the growth where these seeds are added to make cakes, puddings and other baked goods due to its nutty flavor characteristic.
Some of the key players in the market are Bob's Red Mill Natural Foods, Woodland foods, Frontier natural products co-op, Probi, spol. S r.o., Bata food, P.p.h.u. Kampol, Belmar dis ticaret a.s., Unifood.cz s.r.o., Çali?kan agricultural products, Bio nutrition Inc., Olivenation LLC., Solo foods, INC., Aynira gida LLC and S.a.s. Flanquart.
• Dried Seeds
• Cosmetics & Personal Care
Distribution Channels Covered:
• Indirect Sales
• Direct Sales
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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