Poppy Seed Market Size
Study Period | 2019 - 2029 |
Market Size (2024) | USD 234.76 Billion |
Market Size (2029) | USD 289.77 Billion |
CAGR (2024 - 2029) | 4.30 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Europe |
Poppy Seed Market Analysis
The Poppy Seed Market size is estimated at USD 234.76 billion in 2024, and is expected to reach USD 289.77 billion by 2029, growing at a CAGR of 4.30% during the forecast period (2024-2029).
Logistical restrictions on trucking and shipping resulted in the decline in international trading, which has significantly affected the market sales for poppy seeds. Also, the difficulty in finding air, sea, or land freight was also witnessed by the companies involved in the industry. Some other prominent constraints included customs clearances, export permits, import permits, and phytosanitary certificates. This was primarily due to the reduced staffing of government offices, which delayed the consignments meant for trade.
The seeds are added to foods such as bread and muffins as a topping. Poppy seeds can also be crushed for oil. They are also used as feedstuff and for health products. The opium poppy plant contains narcotic alkaloids such as morphine and codeine. Poppy seeds do not contain opium alkaloids or contain only very low levels. However, poppy-seed-containing foods usually go through several processes before being served. Poppy seeds are among one the products that face various contamination issues. Moreover, poppy seeds are also pressed to form poppyseed oil, a valuable commercial oil that has multiple culinary and industrial uses. The capsules are also used as a sedative against irritant coughing and sleeplessness in the form of syrup or extract.
India, Germany, Hungary, and the Czech Republic are the leading consumers of poppy seeds. The poppy seed is one of the essential oilseeds, and its cultivation is a deeply-entrenched tradition in the Czech Republic.
The rise in the demand for poppy seeds from the baking industry is one of the major driving forces behind the growth of the poppy seeds market. The market is also growing due to the escalating health benefits from poppy seeds.
Poppy Seed Market Trends
This section covers the major market trends shaping the Poppy Seed Market according to our research experts:
Escalating Health Benefits of Poppy Seeds Driving the Market
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 and bones. The abundance of copper and iron in poppy seeds improves red blood cell formation, which 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.
Europe dominates the market
The main producer of poppy seeds in Europe is the Czech Republic, which accounted for 40% of total European production in 2017. The direct consumption of these oilseeds in Europe is increasing, driven by the health and wellness trend and growth in fine foods. Consumers are also seeking protein alternatives, opening opportunities for innovative products and new players. The Czech Republic is the leading producer of poppy seeds, with 31% of global poppy seeds production. The poppy seed crop grown in the Czech Republic is mainly produced for exports because the domestic consumption consists of only between 4 and 5 thousand metric tons. Major export markets of the Czech poppy seeds are European countries with a population of Slavic origin or those influenced by Slavic cuisine. The reason behind the popularity of poppy seeds in the Czech Republic lies in the local cuisine that favors their wide usage of them. The Czech put poppy seeds into almost all of their dishes, including cakes, noodles, and dumplings. The major importers of the Czech Republican poppy seeds are Russian Federation, Austria, Poland, German, and Slovakia. Russian Federation is the largest importer of the Czech Republican poppy seeds, followed by Austria and Poland.
Poppy Seed Market News
There are no recent developments pertaining to the market studied.
Poppy Seed Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
5. MARKET SEGMENTATION
5.1 Geography (Production Analysis in Volume, Consumption Analysis by Volume and Value, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis)
5.1.1 North America
5.1.1.1 Canada
5.1.2 Europe
5.1.2.1 Czech Republic
5.1.2.2 Spain
5.1.2.3 Hungary
5.1.2.4 France
5.1.3 Asia-Pacific
5.1.3.1 Australia
5.1.3.2 China
5.1.4 Middle East
5.1.4.1 Palestine
5.1.4.2 Turkey
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
7. IMPACT OF COVID-19 ON THE MARKET
Poppy Seed Industry Segmentation
Poppy seed is one of the most popular crops in most European countries, especially the Czech Republic and Turkey. Poppy seed is one of the essential oilseeds, and its cultivation is a deeply entrenched tradition in the Czech Republic. The report consists of the market segmentation by geography into North America, Europe, Asia-Pacific, and the Middle East.
Geography (Production Analysis in Volume, Consumption Analysis by Volume and Value, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis) | ||||||
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Poppy Seed Market Research FAQs
How big is the Poppy Seed Market?
The Poppy Seed Market size is expected to reach USD 234.76 billion in 2024 and grow at a CAGR of 4.30% to reach USD 289.77 billion by 2029.
What is the current Poppy Seed Market size?
In 2024, the Poppy Seed Market size is expected to reach USD 234.76 billion.
Which is the fastest growing region in Poppy Seed Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Poppy Seed Market?
In 2024, the Europe accounts for the largest market share in Poppy Seed Market.
What years does this Poppy Seed Market cover, and what was the market size in 2023?
In 2023, the Poppy Seed Market size was estimated at USD 225.08 billion. The report covers the Poppy Seed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Poppy Seed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Poppy Seed Industry Report
Statistics for the 2024 Poppy Seed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Poppy Seed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.