USD 14.81 billion
Flax Seeds Market Size, Share, Growth Analysis, By Nature(Organic, Conventional), By Type(Whole flax seed, Flax seed Powder, Flax seed Oil, Others), By End Use(Food & Beverage Industry (Dairy products, Snacks & Cereals, Bakery & Confectionery, Beverages), By Distribution channel(Business to Business, Business to Consumers (Hypermarkets/Supermarkets, Convenience stores, Speciality stores), By Application(Food, Animal & pet food, and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30H2137 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
152
|Figures:
78
Flax Seeds Market Insights
Global Flax Seeds Market size was valued at USD 14.81 billion in 2019 and is poised to grow from USD 15.7 billion in 2023 to USD 25.02 billion by 2031, growing at a CAGR of 6% in the forecast period (2024-2031).
Flax is a fibre crop and food that has been farmed for thousands of years. Flax seeds range in colour from golden yellow to reddish brown and include phytoestrogens, which are related to the hormone oestrogen. Flaxseeds include soluble fibre as well as oil containing alpha-linolenic acid (ALA), an essential omega-3 fatty acid. Flaxseeds have been used to treat diabetes, high cholesterol, high blood pressure, obesity, gastralgia, and renal enlargement in lupus patients. Customers are currently demonstrating a trending demand for items with high nutritional content, natural, wonderful taste, and flavour for their various purposes. People on a weight-loss regimen are increasingly ingesting flaxseed before meals because the fibre in flaxseed helps people feel less hungry. Some research shows how fibre binds with cholesterol in the colon, preventing fibre absorption. Furthermore, flaxseeds are becoming more popular for additional health benefits, such as making platelets less sticky. Flaxseed's effect on cholesterol and blood coagulation may reduce the risk of atherosclerosis, or artery hardening.
US Flax Seeds Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Ground Flax Seed
Fastest Growth
Flax Seed Oil
Growth Rate
6% CAGR
Global Flax Seeds Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Flax Seeds Market Segmental Analysis
Flax Seeds Market is segmented based on nature, type, end use, distribution channel. Based on nature Flax Seeds Market is segmented as organic, conventional. Based on type market is segmented into whole flax seeds, powdered flax seeds, flax seed oil, others. Based on end use Flax Seeds Market is segmented into food & beverage industry, nutraceuticals, animal feed, retail/household, industrial. Food & beverage industry is further divided into dairy products, snacks & cereals, bakery & confectionery, beverages, others. Based on distribution channel Flax Seeds Market is segmented as business to business, business to consumers. Business to consumers is further divided as hypermarkets/supermarkets, convenience stores, speciality stores, online retail.Based on application, the Flax Seeds Market is segmented into Food, Animal & pet food, and others. Based on region Flax Seeds Market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa.
Flax Seeds Market Analysis by Form:
The global flax seed market is divided into three types: flax seed oil, ground flax seed, and whole flax seed. Due to its widespread use in the creation of various food products such as bakery goods and other delicacies, the ground flax seed sector is expected to dominate the worldwide flax seed segment market in the approaching years. The addition of ground flax seed does not alter the texture or consistency of the food product and is easily digestible, which is another important element that will promote the segment's growth.
Global Flax Seeds Market By Form , 2021(%)
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Flax Seeds Market Regional Insights
Based on region, global flax seeds market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. Because of the significant production of the commodity in countries such as Canada and the United States, North America is likely to occupy the lion's share of the global flax seed market. According to the Agricultural Marketing Resource Centre, Canada is the world's largest producer of flax seed. Increasing consumer awareness about the health benefits of flax seed is expected to drive flax seed market growth in North America; Asia Pacific is expected to grow significantly during the forecast years, owing to rising demand and consumption of flax seed in emerging economies such as India and China:
Global Flax Seeds Market By Geography, 2021 - 2028
- Largest
- Fastest
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Flax Seeds Market Dynamics
Flax Seeds Market Drivers
- The global market demand for flax is developing significantly, mainly to increased demand from the food, pet food, paper, and textile industries, among others. The global demand for flax seed meal as a functional food and feed additive is predicted to expand rapidly in the coming years. Flax crop derivatives, such as seeds and straw, are utilized in a variety of applications, including textile fiber and insulating materials. One of the primary factors driving the market is the growing health advantages of flax seed meal products. Flax seeds are high in lignans, fibre, and omega-3 fatty acids, which aid with cholesterol and blood sugar regulation. Flax seed meal products may aid in the prevention of breast and prostate cancer. Another important market driver is the growing use of flax crop materials in the textile and plastic sectors. Another factor expected to drive market demand for flax seed meal in the near future is the increasing number of consumers with hectic schedules and busy lifestyles, which results in stress and tension. Consumption of flax seed meal helps in reducing such problems and helps in improving health conditions.
Flax Seeds Market Restraint
- The flax seeds consumption in large quantities can be hazardous to the body. People tend to take huge amounts of flax seed products in attempt to achieve speedy effects. However, retailers and product sellers are recommending a safe amount of consumption, which is good news for the worldwide flax seeds industry.
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Flax Seeds Market Competitive Landscape
The global flax seeds market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective.
Top Players in the Global Flax Seeds Market
- AgMotion Inc.
- CanMar Grain Products Ltd.
- Cargill, Incorporated
- Archer Daniels Midland Company
- Simosis International
- TA Foods Ltd.
- Glanbia plc
- S.S Johnson Seeds
- Shape Foods Inc.
- Grain Millers, Inc.
- Stokke Seeds AS
- Sunnyville Farms Ltd.
- Richardson International Limited
- Healthy Food Ingredients LLC
- Stoltzfus Feed & Supply, Inc.
- CHS Inc.
- The Andersons, Inc.
- Omega Flaxseed Inc.
- Paragon Flax LLC
- Bioriginal Food & Science Corp.
Flax Seeds Market Recent Developments
Terra Ingredients, a subsidiary of AgMotion Inc, rebranded in 2019 and partnered with Stone Mill to increase its organic ingredient offerings. Stone Mill filters raw agricultural commodities to produce the highest-quality food-grade goods, including organic and non-GMO flax, garbanzo beans, lentils, quinoa, and radish seeds.
Linwood’s Health Foods added Multi boost organic milled hemp seed with flax and chia seeds to their product line in 2019.
Archer-Daniels-Midland Company introduced flaxseed oil "Onavita" in 2016. Onavita is a non-GMO, totally refined flaxseed oil that is suitable for vegans and vegetarians and offers consumers a cost-effective solution.
Flax Seeds Key Market Trends
- The market is being driven by the growing popularity of superfoods. With product introductions, the popularity of "super" ingredients has grown dramatically in recent years, as customers want natural and healthful components. These foods have high nutritional value because they are high in polyphenols, antioxidants, vitamins, and minerals. Consumer inclination for functional and health-based naturally sourced products drives the market. Flaxseeds are widely available in grocery stores due to their strong demand worldwide. The accessibility of supermarkets vs traditional grocery stores and convenience stores may be a crucial influence in the sale of "superfoods," especially the availability of flaxseeds.
Flax Seeds Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global flax seeds market analysis, due to increased demand from developed countries and consumer awareness of the health advantages of flax seeds, Asia Pacific is expected to have a large demand in the forecast. The Asia-Pacific region produces the most flax seed. Flaxseed oil is widely consumed in the region because it lowers cholesterol and blood sugar levels in humans. The increased usage of flaxseed in bakery items, animal feed, and pet food is attributable to the growth in demand.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 14.81 billion |
| Market size value in 2031 | USD 25.02 billion |
| Growth Rate | 6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Flax Seeds Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Flax Seeds Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Flax Seeds Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Flax Seeds Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Flax Seeds Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Flax Seeds Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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