The global seed cracker market size is expected to reach USD 5.07 billion by 2032, according to a new study by Polaris Market Research. The report “Seed Cracker Market Share, Size, Trends, Industry Analysis Report, By Source (Sunflower Seeds, Pumpkin Seeds, Sesame Seeds, Flaxseeds, and Chia Seeds); By Sales Channel; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rapid increase in the prevalence of gluten intolerance and food allergies that led to increased demand for gluten-free and allergen-free snacks, coupled with the rising popularity of vegan and plant-based diets and an increasing number of consumers looking to align with dietary preferences, are among the prominent factors propelling the global market growth.
In addition, manufacturers worldwide are continuously introducing new and exciting flavors with improved and appealing characteristics to keep their consumers engaged and interested in their products, coupled with the growing consumer interest in sustainable and eco-friendly products, which is likely to open up new growth avenues for the market in the near future.
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In recent years, there has been significant prevalence for the incorporation of advanced machinery and processing equipment that have streamlined the overall production of seed crackers along with the rising number of innovations in extrusion and baking technologies that are anticipated to have enabled manufacturers to produce consistent and high-quality crackers at a larger scale that traditional techniques and technologies.
Furthermore, the exponential growth of e-commerce platforms and rising proliferation among individuals towards online shopping provides a lucrative opportunity to reach a broader audience, including consumers who may not have access to traditional retail stores and locations where supermarkets and hypermarkets are not easily accessible. Thereby, building a strong online presence and distribution network is gaining as a major growth and expansion among companies operating in the global market.
Seed Cracker Market Report Highlights
Polaris Market Research has segmented the seed cracker market report based on source, sales channel, and region:
Seed Cracker, Source Outlook (Revenue - USD Billion, 2023 - 2032)
Seed Cracker, Sales Channel Outlook (Revenue - USD Billion, 2023 - 2032)
Seed Cracker, Regional Outlook (Revenue - USD Billion, 2023 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 3.36 billion |
Revenue forecast in 2032 |
USD 5.07 billion |
CAGR |
5.3% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Segments covered |
By Source, By Sales Channel, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
For Specific Research Requirements |