Poppy Seeds Market Size Worth $ 334.54 Million By 2032 | CAGR: 4.2%

The global poppy seeds market size is expected to reach USD 334.54 million by 2032, according to a new study by Polaris Market Research. The report “Poppy Seeds Market Share, Size, Trends, Industry Analysis Report, By Form (Oil, Powder, Dry Poppy Seeds); By Application (Food and Beverages, Cosmetics and Personal Care, Paints and Varnishes); By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growing vegan population is one of the factors contributing to the growth of the poppy seeds market. Poppy seeds are a great source of protein and other nutrients, making them a popular ingredient in many vegan and vegetarian dishes. As more people adopt a plant-based diet, the demand for poppy seeds has increased. Poppy seeds are a popular ingredient in vegan diets and are used as a substitute for eggs in baked goods. As the vegan population continues to grow, the demand for poppy seeds as a substitute for eggs is also increasing. According to the Guardian, there are 79 million vegans worldwide, in 2021.

The United Nations Office on Drugs and Crime (UNODC) regularly monitors the global opium production, and their recent report highlights the worrying trend in Myanmar. The report suggests that opium production in Myanmar has increased by 10% from the previous year, reaching a nine-year high. The international community needs to address this issue and work towards reducing the demand and supply of illicit drugs globally. It is crucial to implement effective drug control policies, provide alternative livelihoods for farmers, and raise awareness of the dangers of drug use to prevent the production and trafficking of illicit drugs.

Poppy seeds are used in natural cosmetics, as they are a plant-based alternative to synthetic exfoliants and preservatives. Consumer awareness of the potential risks associated with the synthetic ingredients in the cosmetics, the demand for natural & organic alternatives has risen. Benefits of poppy seeds for skin and hair, coupled with the growing demand for natural and organic cosmetics, have led to an increase in the use of poppy seeds in these products.

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Growing demand for plant-based foods is another factor fueling the growth of the poppy seeds market. Poppy seeds are a popular ingredient in many plant-based and vegan foods, such as bread, pastries, and desserts. As the popularity of plant-based diets and products continues to grow, the demand for poppy seeds is also increasing.

Poppy Seeds Market Report Highlights

• Oil segment is anticipated to grow at a higher rate due to the growing demand for healthy and natural products.
• Food and Beverages segment accounted for the higher growth rate owing to the popularity of poppy seeds in baked goods and ethnic cuisines.
• APAC registered the highest growth rate in the forecast period owing to the high production and consumption of bakery and confectionery products.
• Europe is expected to witness larger revenue share due to the widespread use of poppy seeds in traditional European cuisine and the well-established pharmaceutical industry.
• Global players include Solo Foods, Bob's Red Mill, Frontier Natural Products, Bio Nutrition, Olivenation, Woodland Foods, Kampol, Bata food, Bio nutrition, and Unifood.

Polaris Market Research has segmented the poppy seeds market report based on form, application and region:

Poppy Seeds, Form Outlook (Revenue - USD Million, 2019 - 2032)

• Oil
• Powder
• Dry Poppy Seeds

Poppy Seeds, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Food and Beverages
• Cosmetics and Personal Care
• Paints and Varnishes

Poppy Seeds, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Poppy Seeds Market Report Scope