Press release
Bakery Industry Expansion Drives Poppy Seed Market Growth in the United States
Poppy Seed Market
The global poppy seed market is projected to grow from USD 235.64 million in 2023 to approximately USD 305.94 million by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period. This growth is driven by increasing demand in the bakery sector and rising consumer awareness of the health benefits associated with poppy seed consumption.
United States: Growth Driven by Bakery Industry Expansion
In the United States, the poppy seed market was valued at USD 35 million in 2023 and is expected to grow at a CAGR of over 4% from 2024 to 2030.
This growth is primarily attributed to the increasing use of poppy seeds in bakery products such as bagels and pastries. Companies like Solo Foods, Inc. play a significant role in this market.
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Asia Pacific: Opportunities Amidst Agricultural Expansion
The Asia Pacific region is experiencing growth in the poppy seed market, driven by increased cultivation and consumption. Nations like India have significantly expanded the area under poppy seed cultivation, contributing to the region's market growth.
This expansion presents opportunities for both local and international players to tap into the growing demand.
Middle East and Africa: Trends Towards Culinary Diversification
In the Middle East and Africa, the poppy seed market is witnessing growth due to the incorporation of poppy seeds into traditional cuisines and bakery products. The region's rich culinary heritage and the increasing popularity of international cuisines are driving the demand for poppy seeds. Companies like Olam Agri are contributing to this trend by enhancing the sustainability of agriculture in the region.
Europe: Market Updation and Strategic Acquisitions
Europe remains the largest market for poppy seeds, with a revenue of USD 190 million in 2023, and is expected to grow at a CAGR of 4.7% over the forecast period.
The region's market is characterized by strategic acquisitions aimed at strengthening market positions. For instance, Saco Foods, LLC announced its acquisition of Solo Foods, LLC in January 2024, aiming to enhance its product offerings and market reach.
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Such developments are expected to drive market growth and consolidation in the European poppy seed industry.
Poppy Seed Market segmentation :
by Form
Powder
Oil
Dried Seeds
The poppy seed market is divided into three segments based on form: powder, oil, and dried seeds. While the oil version is frequently used as a dressing for a variety of foods, the powder form is typically employed in bread goods. Customers who are health-conscious are drawn to poppy seeds, and all types of poppy seeds have become quite popular.
by Application
Personal Care
Food
The poppy seed market is divided into two segments based on application: food and personal care. Poppy seeds are utilized as a natural element in cosmetic goods including body washes, lotions, and soaps for personal hygiene.
by Sales channel
Direct Channel
Indirect Channel
The poppy seed market is divided into direct and indirect channels based on the sales channel. Sub-segments of the indirect channel of sales and distribution include specialty shops, contemporary trade, internet retail, and other retail formats. On the other hand, the direct sales and distribution channel includes additional formats such as supermarkets and hypermarkets.
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Learn about the top players driving innovation in the Poppy Seed Market :
1. Solo Foods, Inc. (United States)
2. Bob's Red Mill Natural Foods (United States)
3. Frontier Natural Products Co-op (United States)
4. Bio Nutrition Inc. (United States)
5. Olivenation LLC (United States)
6. Woodland Foods (United States)
7. PPHU Kampol (Poland)
8. PROBI spol (Czech Republic)
9. Bata Food (Istanbul)
10. Unifood cz s.r.o. (Czech Republic)
11. Sokol and Company
12. Belmar dis ticaret A.S.
13. P.P.H.U. Kampol
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