Poppy Seed Oil Market Trends and Forecast
The future of the global poppy seed oil market looks promising with opportunities in the food and dietary supplement markets. The global poppy seed oil market is expected to grow with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are increasing consumer awareness of health benefits associated with poppy seed oil, such as omega-3 fatty acids, growing use of poppy seed oil in culinary applications, including dressings and sauces, and rising demand for natural and organic ingredients in food products, boosting poppy seed oil consumption.
• Lucintel forecasts that organic is expected to witness higher growth over the forecast period.
• Within this market, food is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Poppy Seed Oil Market
• Turkey – Kavukcu Group expanding poppy seed oil production; government promoting export growth through agricultural subsidies.
• Hungary – Fertődi Mezőgazdasági Zrt launching organic poppy seed oil products; government supporting sustainable farming practices in poppy cultivation.
• United States – La Tourangelle introducing cold-pressed poppy seed oil for gourmet markets; companies aiming to capture health-conscious consumer segments.
• India – NatureMills launching organic poppy seed oil for culinary use; companies focusing on quality certification and market penetration strategies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Poppy Seed Oil Market by Segment
The study includes a forecast for the global poppy seed oil market by type, application, and region.
Poppy Seed Oil Market by Type [Value from 2018 to 2030]:
• Organic
• Conventional
Poppy Seed Oil Market by Application [Value from 2018 to 2030]:
• Food
• Dietary Supplements
• Others
Poppy Seed Oil Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Poppy Seed Oil Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies poppy seed oil companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the poppy seed oil companies profiled in this report include-
• Northstar Lipids
• Taj Agro Products
• Ostro Organics
• Primoil NöVéNyolajüZem
Recent Development in the Poppy Seed Oil Market
• Stony Brook WholeHeartedFoods: Introduces organic cold-pressed poppy seed oil, emphasizing sustainability and health benefits for culinary use.
• Kukui Corporation: Expands poppy seed oil extraction capabilities with advanced processing technology, ensuring higher yield and product purity.
• Mohnöl GmbH: Launches a new range of flavored poppy seed oils for gourmet cooking, catering to diverse culinary preferences and trends.
• Macadamia Natural Oil: Innovates with poppy seed oil-infused hair and skincare products, leveraging its moisturizing and soothing properties for beauty applications.
Features of the Global Poppy Seed Oil Market
Market Size Estimates: Poppy seed oil market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Poppy seed oil market size by type, application, and region in terms of value ($B).
Regional Analysis: Poppy seed oil market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the poppy seed oil market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the poppy seed oil market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for poppy seed oil market?
Answer: The global poppy seed oil market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the poppy seed oil market?
Answer: The major drivers for this market are increasing consumer awareness of health benefits associated with poppy seed oil, such as omega-3 fatty acids, growing use of poppy seed oil in culinary applications, including dressings and sauces and rising demand for natural and organic ingredients in food products, boosting poppy seed oil consumption.
Q3. What are the major segments for poppy seed oil market?
Answer: The future of the poppy seed oil market looks promising with opportunities in the food and dietary supplement markets.
Q4. Who are the key poppy seed oil market companies?
Answer: Some of the key poppy seed oil companies are as follows:
• Northstar Lipids
• Taj Agro Products
• Ostro Organics
• Primoil NöVéNyolajüZem
Q5. Which poppy seed oil market segment will be the largest in future?
Answer: Lucintel forecasts that organic is expected to witness higher growth over the forecast period.
Q6. In poppy seed oil market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the poppy seed oil market by type (organic and conventional), application (food, dietary supplements, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Poppy Seed Oil Market Market, Poppy Seed Oil Market Market Size, Poppy Seed Oil Market Market Growth, Poppy Seed Oil Market Market Analysis, Poppy Seed Oil Market Market Report, Poppy Seed Oil Market Market Share, Poppy Seed Oil Market Market Trends, Poppy Seed Oil Market Market Forecast, Poppy Seed Oil Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.