The Poppy Seed Market is being driven by An increasing number of vegans and vegetarians
The Poppy Seed Market is expected to grow at a CAGR of 2.7% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 30.4 million. In today's digital business landscape, e-commerce platforms offer significant opportunities for vendors to expand their reach and revenue. Both business-to-business (B2B) and business-to-consumer (B2C) transactions are thriving online. The global trend of increasing online spending per transaction and the rising number of transactions indicate a promising future for e-commerce. With the growing Internet user base and the buy now mentality of consumers, the US market is expected to witness a surge in poppy seed sales through online channels.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Distribution Channel (Offline, Online) Geography (Europe, APAC, North America, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Poppy Seed Market Research Report
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The Poppy Seed Market holds significance in both the cosmetics and food industries due to the natural ingredients found in poppy seeds. These seeds, popular in plant-based diets and the vegan food market, offer nutritional benefits with fiber, protein, healthy fats, essential minerals, and thiamine. In the cosmetics industry, natural cosmetics often incorporate poppy seeds for their mineral content, including manganese, folate, phosphorus, zinc, and iron. Linoleic acid and phosphorous are also key components. Poppy seeds have a long history of medicinal use and are produced for food and seed production. Alkaloid extraction from poppy straw is used in medicine. Health-conscious consumers value poppy seeds for their nutritional properties and their use in the bakery industry.
In the cosmetics industry, the poppy seed market holds significance as a natural source for various applications. Pre-production in the poppy seed market encompasses the initial stages of crop selection and land preparation. This segment is crucial in ensuring the growth of high-quality poppy seeds for the production of natural cosmetics. As part of the burgeoning natural and organic consumer trend, the demand for plant-based diets and vegan food market continues to rise. Poppy seeds, rich in nutritional benefits such as fiber, protein, healthy fats, and essential minerals, align with this trend. Furthermore, the bakery industry also benefits from poppy seeds due to their culinary uses and health benefits. Thus, the pre-production phase plays a pivotal role in delivering sustainable and healthy ingredients for the cosmetics and food industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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