Poppy seed oil Market Estimated to Flourish by 2017 - 2025
Poppy seed oil Market Introduction:
Poppy seed oil is oil obtained from the seeds of yellowish-brown opium plant. It is a precious source of nutrients including saturated fatty acids, minerals and vitamins. Poppy seed oil is unique to the market and has several nutrient benefits due to the presence of large amounts of unsaturated essential fatty acids. Apart from health it also has many skin care benefits and is gaining significant popularity in variety of cuisines. As a whole, poppy seed oil is expected to show steady increase in market in terms of both value and volume attributed to the high demand for nutritional and healthy oils. The demand for poppy seed oil in the cosmetic industry has also gained major attention in the European region, the use of such oils in cosmetics is often linked to skin nutrition and is thus receiving significant attention from consumers.
Poppy seed oil Market Segmentation:
The global poppy seed oil market is segmented on the basis of nature, application, distribution channel, and region. Based on the nature of poppy seed oil, it is segmented as organic and conventional. The organic oil market remains persistent in growth in the food sector this is due to the attractiveness of healthier and safe to use products. The growing concern among consumers regarding non-organic/conventional oil using chemicals processing is expected to further increase the demand for organic poppy seed oil.
On the bases of application the poppy seed oil is segmented as food, dietary supplements and other uses: which include industrial uses such as making soap paints and varnishes. Among these the market for poppy seed oil in food applications is expected to grow steadily whereas the supplement market is driven by increasing consumer awareness and promotions on social media and hence is expected to show a relatively faster growth rate in terms of value over the forecast period.
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Based on distribution channel, global poppy seed oil market is segmented as direct sales, online retail, supermarkets/hypermarkets, and specialty food stores including health and natural food stores, gourmet stores in USA. The distribution channel is set to develop and use sales through the Internet and select retail stores, it is expected to have a positive impact on the revenue generation from these modes of distribution channel.
Poppy seed oil Market Regional Outlook:
The raw poppy seeds are harvested in the European regions of Czech-Republic, France, Hungary Germany and Turkey. North America imports most its poppy seed oil and the consumption is expected to grow in the forested period. This is attributed to the health and nutritional benefits and spiking demand of nutritional supplements derived from natural products. The poppy seed oil market is regionally segmented into following key regions; North America, Latin America, Western Europe, Asia Pacific, Japan, Middle East and Africa.
Poppy seed oil Market Drivers and Trends:
The wide applications of poppy seed oil presents a great opportunity, the rise in demand is majorly driven by the heightened concerns among consumers reading health and general wellbeing. Changing consumer preference and lifestyle, with a higher natural product acceptance. The oil is available as a health supplement and thus is a key attraction for health conscious consumers. Apart from culinary and supplement, poppy seed oil is also used in cosmetics, the oil contains essential fatty acid which are not synthesized by the body and is useful in the regulation of the hydration and the restructuring of the epidermis. Nutricosmetic products are being launched in the market with these unique selling propositions, which is attracting the consumers and creating a high value demand.
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Poppy seed oil Market Key Players:
Poppy seed oil is a steadily growing market. Some of the key players in the global poppy seed oil market includes; Primoil Növényolajüzem, Northstar Lipids UK Ltd., Taj agro products Ltd., Ostro Organics Inc.