Market Size of Canary Seeds Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 2.80 % |
Fastest Growing Market | Europe |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Canary Seeds Market Analysis
The Global Canary Seed Market is projected to register a CAGR of 2.8% during the forecast period 2020-2025. The development of new varieties of de-hulled canary seeds that are high in protein and gluten-free and are similar to wheat, oats, and barley have been approved for human use by various government regulatory agencies across the globe as the canary seeds in the early times were used as bird feeds. These developments in the canary seeds are finding its way into the food industry where the canary flours are used in the production of bread, and the whole canary seeds are used in breakfast cereal bars and hence increases the demand for canary seeds globally. According to the Food and Agriculture Organization, Canada, Argentina, Thailand, and Australia are the primary producers of canary seeds. According to Agriculture and Agri-Food Canada, Western Canada is the world's largest producer and export of canary seeds. Saskatchewan is the leading canary seed-producing province in Canada accounting for around 90% of canary seed production, Manitoba is generally the second-largest producer, followed by Alberta. Brazil is the top exporter of canary seeds, followed by huge opportunity and demand seen in the United Kingdom.
Canary Seeds Industry Segmentation
The report provides an in-depth analysis of various parameters of the seeds market. The market has been segmented based on geography. Also, relevant sub-segmentations have been discussed in the report includes the analysis of production, consumption and trade analysis. Value chain analysis and price trend across the value chain is also provided in the report.
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Canary Seeds Market Size Summary
The global canary seed market is experiencing a notable transformation, driven by the development of new varieties that are high in protein and gluten-free, making them suitable for human consumption. Initially used primarily as bird feed, these seeds are now finding applications in the food industry, where canary flour is utilized in bread production and whole seeds are incorporated into breakfast cereal bars. This shift is contributing to an increased global demand for canary seeds. Major producers such as Canada, Argentina, Thailand, and Australia are at the forefront of this market, with Canada leading in production and export, particularly from Saskatchewan, which accounts for a significant portion of the country's output. The potential for canary seeds as a gluten-free dietary alternative is being explored, with research indicating their viability for individuals with celiac disease, further expanding their market potential.
North America, particularly Canada, dominates the canary seed market in terms of production and export. The region's canary seed production is primarily used in bird feed mixtures, but there is a growing opportunity for its use in human food products, which is expected to drive future demand. The Canary Seed Development Commission of Saskatchewan has played a crucial role in obtaining regulatory approvals for human consumption, aiming to enhance the market's growth. Despite fluctuations in production volumes due to market conditions, the canary seed market is anticipated to expand, with countries like Mexico and Belgium being significant export destinations. The ongoing developments and approvals are expected to bolster the market's trajectory in the coming years.
Canary Seeds Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers and Restraints
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1.3 Market Drivers
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1.4 Market Restraints
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1.5 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 Canada
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2.1.1.1 Production Analysis
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2.1.1.2 Consumption Analysis
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2.1.1.3 Import Market Analysis (Value and Volume)
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2.1.1.4 Export Market Analysis (Value and Volume)
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2.1.1.5 Price Trend Analysis
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2.1.2 Argentina
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2.1.2.1 Production Analysis
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2.1.2.2 Consumption Analysis
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2.1.2.3 Import Market Analysis (Value and Volume)
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2.1.2.4 Export Market Analysis (Value and Volume)
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2.1.2.5 Price Trend Analysis
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2.1.3 Thailand
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2.1.3.1 Production Analysis
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2.1.3.2 Consumption Analysis
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2.1.3.3 Import Market Analysis (Value and Volume)
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2.1.3.4 Export Market Analysis (Value and Volume)
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2.1.3.5 Price Trend Analysis
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2.1.4 Hungary
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2.1.4.1 Production Analysis
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2.1.4.2 Consumption Analysis
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2.1.4.3 Import Market Analysis (Value and Volume)
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2.1.4.4 Export Market Analysis (Value and Volume)
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2.1.4.5 Price Trend Analysis
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2.1.5 Netherlands
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2.1.5.1 Production Analysis
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2.1.5.2 Consumption Analysis
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2.1.5.3 Import Market Analysis (Value and Volume)
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2.1.5.4 Export Market Analysis (Value and Volume)
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2.1.5.5 Price Trend Analysis
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2.1.6 Belgium
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2.1.6.1 Production Analysis
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2.1.6.2 Consumption Analysis
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2.1.6.3 Import Market Analysis (Value and Volume)
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2.1.6.4 Export Market Analysis (Value and Volume)
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2.1.6.5 Price Trend Analysis
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2.1.7 Brazil
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2.1.7.1 Production Analysis
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2.1.7.2 Consumption Analysis
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2.1.7.3 Import Market Analysis (Value and Volume)
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2.1.7.4 Export Market Analysis (Value and Volume)
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2.1.7.5 Price Trend Analysis
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2.1.8 Mexico
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2.1.8.1 Production Analysis
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2.1.8.2 Consumption Analysis
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2.1.8.3 Import Market Analysis (Value and Volume)
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2.1.8.4 Export Market Analysis (Value and Volume)
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2.1.8.5 Price Trend Analysis
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2.1.9 Spain
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2.1.9.1 Production Analysis
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2.1.9.2 Consumption Analysis
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2.1.9.3 Import Market Analysis (Value and Volume)
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2.1.9.4 Export Market Analysis (Value and Volume)
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2.1.9.5 Price Trend Analysis
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Canary Seeds Market Size FAQs
What is the current Canary Seeds Market size?
The Canary Seeds Market is projected to register a CAGR of 2.80% during the forecast period (2024-2029)
Which is the fastest growing region in Canary Seeds Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).