Flaxseeds Market – Global Industry Analysis and Forecast (2023-2029)

Flaxseed Market is expected to grow at a moderate growth rate and reach a significant market value by the end of the forecast period. The Global Flaxseeds market has been witnessing steady growth during the 2023-2029 period. It is anticipated to grow at a CAGR of 12% throughout the period of assessment to reflect a market value of US$ 1519.6 Mn by 2029 from a value of US$ 687.4 Mn in 2022.

Flaxseeds Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Flaxseeds Market report also provides trends by market segments, technology, and investment with a competitive landscape.



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Global Flaxseeds Market Overview:
Flax is produced for its seeds, which can be ground into a meal or processed into linseed oil, a nutritional supplement and a component of many wood-finishing products. It is often used as a decorative plant in gardens. Flax fibres are also used to manufacture linen. Because of its great nutritional content, flaxseed is becoming more popular in the food sector. Flaxseed has also been utilised in the manufacturing of paints, varnishes, and other industrial items in the past. Flaxseed is mostly processed to generate flaxseed oil, which is then used to manufacture flaxseed meal, which is widely used in animal feed.
Global Flaxseeds Market Dynamics:
Drivers:
The primary factor expected to boost the market over the forecast period is rising knowledge about the health advantages of linseed. Flaxseed is high in antioxidants, fats, and fibers, all of which are beneficial to your health. Essential lignans, omega-3 fatty acids, and proteins can all be found in this seed. Heart disease, diabetes, and cancer are all reduced by the nutrients in the seed.

Flaxseed comes in many different forms, including seed, powder, capsule, tablet, oil, and flour. It's taken as a dietary supplement to help with constipation, cholesterol, diabetes, and cancer prevention. This seed is high in omega 3 fatty acids and antioxidants, which slow down the formation of malignant cells and prevent them from spreading. Omega 3 fatty acid consumption aids in the prevention of different types of cancer.

Flaxseed consumption appeared to slow the growth of prostate cancer tumours in 161 men in a 2008 study, especially when the men also ate a low-fat diet. Several research on breast cancer prevention has found that included flaxseed in one's diet lowers the risk of breast cancer. Furthermore, the American Heart Association advises eating more fiber foods as part of a healthy lifestyle.

The increased use of flaxseed in bakery items, animal feed, and pet food is attributable to the increase in demand. Linseed flour is becoming more popular in bakery items in the United States as it improves sensory and nutritional characteristics. The addition of linseed flour to bread and muffins enhances linolenic acid, fiber, and folate content, resulting in increased demand for linseed.
Future Projections for Flaxseeds Brighter Than Historical Trends:
The flaxseed market grew by 4.2 per cent in value between 2017 and 2022. Flaxseed sales were strong in the industrial sector, accounting for about 20% of the market. Flaxseed is frequently utilized in the food business in its processed form. Animal feed accounts for a large portion of the market due to its high omega-3 fatty acid concentration, which provides energy.

However, because of its high nutritional value, flaxseed is becoming more popular in the nutraceutical market as people become more aware of its health advantages and applications in the food business. The growing popularity of organic foods is likely to boost demand for flaxseeds in the food business. The global flaxseed market is expected to be worth over US$ 15.7 billion by 2029.
Growing Customer Choice for Plant-based Protein Benefit Flaxseed Manufacturers:
Plant-based protein is becoming increasingly popular for a variety of reasons. With weight gain a key issue for many consumers today, they are consuming a variety of protein alternatives in the hopes of losing weight; protein has been linked to weight loss. Plant-based proteins have fewer calories and fat than animal proteins, and they're also higher in important elements and fibre.

Consumers are limiting their meat consumption due to the increased danger of contracting allergies or infections from animal products. Hygiene, cleanliness, and moral reasons are all leading to an increase in demand for plant-based proteins over animal proteins, and because flaxseeds are a rich source of plant-based proteins, demand for flaxseeds is likely to grow over time.
Global Flaxseeds Market Segment Analysis:
On the basis of application, the market is segregated into Food, Animal and Pet Food and Others. In 2022, the food segment emerged as the most popular, accounting for 48.3 per cent of all sales. Linseed is a good source of vital amino acids, lipids, and proteins, which is why it is in high demand in industrialised countries. Because of growing public knowledge of the health benefits of linseed, the United States is one of the largest users.

Increase usage of linseed in energy bars, morning cereals, and bread items is also predicted to drive category growth during the forecast period. In addition, to improve sensory and nutritional properties, bakery product makers are increasingly employing linseed flour in their products. As a result, over the foreseeable period, growth possibilities are expected.

Flaxseed meal is in high demand around the world because it is high in vital antioxidants, minerals, amino acids, and fatty acids, all of which help to keep salt and cholesterol levels low. It is gaining appeal among weight-conscious customers due to its high fibre content.

Flaxseed powder is used to increase the taste and nutritional value of a variety of foods. It's also utilised as a food preservative. Linseed is being added to some juices, ice creams, and snacks to boost the nutritional value of the items. The bread industry's demand for flaxseed meal is predicted to increase as the vegan population grows. Flaxseed meal is utilised in bakery items such as cookies, muffins, and pancakes as an egg substitute, which is likely to boost market growth throughout the forecast period.

On the basis of product, the market is segregated into Whole Flaxseeds and Ground Flaxseeds. Ground flaxseed accounted for 63.5 per cent of global sales in 2022 and is predicted to continue to do so for the rest of the forecast period. Over the forecast period, rising flaxseed intake as a dietary supplement would be a major driver of the market.

Diabetes, stroke, cancer, and heart disease are all reduced by eating ground flaxseed. Furthermore, nutritional components including omega 6 and omega 3 fatty acids aid in body functionality. Flaxseed oil also helps to improve hair growth by lowering cholesterol, gallstones, constipation, blood pressure, and diverticular illnesses.

Ground flax seeds, according to a study published in the American Journal of Clinical Nutrition, can lower cholesterol, particularly in postmenopausal women. Ground flaxseed is high in protein and provides a large amount of all nine amino acids.


Global Flaxseeds Market Regional Analysis:
The Asia Pacific region dominated the flaxseeds market in 2022, accounting for 37.1 per cent of total sales. Over the forecast period, the region is likewise predicted to have the fastest growth. The Asia Pacific is one of the world's largest flaxseed exporters and producers.

Linseed is used as an animal and pet food additive. China is one of the world's top feed additive consumers, with a substantial proportion of the global animal feed additive market, which is likely to boost linseed demand in China over the forecast period. Kazakhstan produced 683,338 tonnes of flaxseed in 2022 and is a leading linseed exporter in the world.

Flaxseed is primarily imported into Europe from main producing countries. Russia, Germany, and the BENELUX countries are among the top flaxseed consumers in Europe, accounting for about 80% of the market share. Flaxseed manufacturers in Europe and other places are benefiting from the presence of omega-3 fatty acids in flaxseeds and the need for highly healthy food items. As a result, Europe holds a 39 per cent value market share in the global market.
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Global Flaxseeds Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 687.4 Mn.


Forecast Period 2023 to 2029 CAGR:
12%
Market Size in 2029:
US $ 1519.6 Mn.


 Segments Covered:
by Application
Food
Animal and Pet Food
Others


by Product
Whole Flaxseeds
Ground Flaxseeds


by Nature
Organic Flaxseed
Conventional Flaxseed


by Industry Vertical
Food and Beverage
Animal Food
Pharmaceutical
Healthcare
Others



Global Flaxseeds Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Global Flaxseeds Market Key Players
1. Adora Farm
2. Richardson International Ltd
3. S.S Johnson Seeds
4. Grain Products Ltd
5. Simosis International
6. Stokke Seeds
7. Sunnyville Farms Ltd
8. Archer Daniels Midland
9. Cargill
10.AgMotion Inc.
11.Linwoods Health Foods
12.Bioriginal Food & Science Corp
13.CanMar Foods Ltd.
14.Waltanna Farms
15.TA Foods Ltd.
16.Shape Foods Inc.
17.Prairie Flax Products Inc.
18.NOW Foods
19.Bio Oils
20.Zeghers Canada
21.Vandaele Seeds Ltd.
22.Premium Gold Flax
23.The Linseed Farm
24.Oy Linseed Protein Finland Ltd
Frequently Asked Questions:
1. Which region has the largest share in Global Flaxseed Market?
Ans: Asia Pacific region holds the highest share in 2022.

2. What is the growth rate of Global Flaxseed Market?
Ans: The Global Flaxseed Market is growing at a CAGR of 12% during forecasting period 2023-2029.

3. What is scope of the Global Flaxseed market report?
Ans: Global Flaxseed Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Flaxseed market?
Ans: The important key players in the Global Flaxseed Market are – Adora Farm, Richardson International Ltd, S.S Johnson Seeds, Grain Products Ltd, Simosis International, Stokke Seeds, Sunnyville Farms Ltd, Archer Daniels Midland, Cargill, AgMotion Inc., Linwoods Health Foods, Bioriginal Food & Science Corp, CanMar Foods Ltd., Waltanna Farms, TA Foods Ltd., Shape Foods Inc., Prairie Flax Products Inc., NOW Foods, Bio Oils, Zeghers Canada, Vandaele Seeds Ltd., Premium Gold Flax, The Linseed Farm, and Oy Linseed Protein Finland Ltd

5. What is the study period of this market?
Ans: The Global Flaxseed Market is studied from 2022 to 2029.