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Global Flax Seed Market By Type (Milled (Ground) Flaxseed, Whole Flaxseed, And Flaxseed Oil), By Application (Food, Bakery Products & Cereals, Energy Bars, Flaxseed Meal Powders) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast To 2027.

Published: March, 2023
ID: 4190
Pages: 175
Formats: report pdf report excel report power bi report ppt

Flax Seeds Market Size, Growth, Trends and Forecast(2022 - 2027):

The flax seeds market was worth US$ 425.3 million in 2021, and it is estimated to reach a valuation of US$ 695.5 million by the end of 2026, expanding at a CAGR of 12.8% during 2021 and 2026. 

The flax seeds market is projected to experience the highest growth due to the increasing awareness regarding health complications; mainly, the nutrients present in the flax seeds help reduce the risk of cardiac arrests, cancer, and diabetes. In addition, flax seeds tend to be a rich source of several healthy antioxidants, fibers, and fat. Predominantly flax seeds are comprised of essential omega-3 fatty acids, proteins, and lignans. Flax seeds are available on the market in different forms like a seed, capsule, oil, tablet, flour, and powder. According to the study, the consumption of flax seeds helps reduce the risk of prostate cancer, especially in men. Moreover, food specialists suggest taking more fibrous food in the diet that helps get several health issues.

Impact of COVID-19 on Flax Seeds Market:

Covid-19 (novel Corona Virus Disease), which outbreak in early 2020, has been turned out as a global pandemic crisis with 15 million population getting infected and has already created the loss of over 600 thousand deaths worldwide.

It is owing to the increased emphasis on preventing the spread of covid-19 and considering the transmission measures to prevent the movement and interactions between the humans and prevent the spread of disease. Unfortunately, this is adversely impacted the wide range of industries and created shut down of businesses due to less or zero returns or investments. These industries are likely to take a longer time than expected to cover. 

Recent Developments in the Flax Seeds Market:

One of the leading suppliers of consumer packaged foods, AgMotion Specialty Grains, announced that the business rebrand to Terra Ingredients, LLC. The rebrand invents a new wholly-owned subsidiary of the parent company, AgMotion, Inc.

Drivers and Restraints of Flax Seeds Market:

Drivers:

The increasing demand for healthy food consumption is a significant factor driving the flax seeds market growth. The flax seeds contain omega-three fatty acids that help reduce cholesterol, diabetes, cancer and prevent constipation. In addition, one of the best studies found that flax seeds in the diet help reduce the risk of breast cancer. And also, most of the food specialists recommend in taking fibrous food that gradually increases the demand for the flax seeds market. Therefore, most flax seeds were used in bakery products, pet, and animal food since flax seeds have many nutritional values that tend to grow the flax seeds market during the forecast period.

Restraints:

Flax seeds consist of ALA (Alpha-Linolenic Acid) rather than having EPA (Eicosapentaenoic) and DHA (Docosahexaenoic Acid), which slows down the growth of the flax seeds market. In addition, some of the total population experience side effects of consuming flax seeds include diarrhea, allergy, stomach ache, gas, bloating, and constipation, thereby limiting the flax seeds market growth soon.

Challenges in the Flax Seeds Market:

Although flax seeds provide nutrients and fibers and help in reducing the risk of cardiac arrests, cancer, and diabetes, some of the side effects occur for people with IBD (Inflammatory bowel disease) or IBS (Irritable bowel syndrome) and people suffering from this syndrome should stay away from flax seeds that acts as a significant challenge for the flax seeds market and thus hinder the flax seeds market growth during the forecast period.

FLAX SEEDS MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

12.8%

Segments Covered

By Product, Application and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

TA Foods Ltd,Richardson International Ltd,S.S Johnson Seeds,AgMotion Speciality Grains,CanMAr Grain Products Ltd,Simosis International,Stokke Seeds,Sunnyville Farms Ltd and Others.

 

 

Flax Seeds Market Segmentation:

Flax Seeds Market – By Product:

  • Whole seed 

  • Ground seed

Depending on the product, the flax seeds market is segmented into whole seed and ground seed. Ground flax seeds tend to play a predominant role in holding the largest flax seed market share due to the increasing consumption as a dietary ingredient. It almost has 63% of the total market share and is yet to continue its dominance during the forecast period. Additionally, ground flax seeds help reduce the risk of cardiac arrest, diabetes, and cholesterol. They also help improve body functionality due to their rich nutrients that further drive the flax seeds market growth.

Flax Seeds Market – By Application:

  • Food
  • Animal & Pet food

Based on application, the flax seeds market is segmented into food and animal & pet food. Among these, the food segment holds the largest market share and continues to have 45% of the total flax seeds market share. The demand for seed is increasing in emerging economies due to linseed, a rich source of numerous amino acids, proteins, and fats. Also, linseed usage is growing since it is widely used in bakery products to increase nutritional value. In addition, the demand for linseed is growing in the animal and pet food firms since manufacturers combine the flaxseed meal with the pets as it is beneficial for pets' health.

Flax Seeds Market - By Region: 

  • North America 
  • Europe 
  • Asia Pacific 
  • Latin America 
  • Middle East & Africa 

The Asia Pacific predominantly holds the highest flax seeds market share due to significant producers and manufacturers. Growing demand for flax seeds from emerging economies boosts the flax seeds market growth in APAC in upcoming years. China tends to be the largest shareholder in APAC accounts for almost 20% due to the increasing demand for the vegan population. Moreover, Kazakhstan is the major exporter of linseed since it has produced nearly 683,339 tons of flax seeds. At the same time, North America aimed to witness steady growth rates during the forecast period, and Europe is projected to have a significant CAGR, respectively. On the other hand, the increasing consumption of organic food and the growing population led the flax seeds market in the Middle East & Africa to grow with a significant CAGR during the forecast period.

Key Players:

  • TA Foods Ltd. 
  • Richardson International Ltd
  • S.S Johnson Seeds
  • AgMotion Speciality Grains 
  • CanMAr Grain Products Ltd
  • Simosis International
  • Stokke Seeds 
  • Sunnyville Farms Ltd

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