What is the global market size of Flax Seeds Market?

Global Flax Seeds Market size was valued at USD 14.81 billion in 2021 and is poised to grow from USD 15.7 billion in 2022 to USD 25.02 billion by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).

Flax Seeds Market Size, Share, Growth Analysis, By Type (Whole Flax Seed, Flax Seed Powder), By Form, By Nature, By Application, By Distribution Channel, By Region - Industry Forecast 2025-2032

Report ID: SQMIG30H2137 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 152 | Figures: 78

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:

Flax Seeds Market Report Snapshots

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Global Flax Seeds Market size was valued at USD 678.30 million in 2022 and is poised to grow from USD 759.02 million in 2023 to USD 1865.92 million by 2031, growing at a CAGR of 11.9% during the forecast period (2024-2031).

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. 'Archer Daniels Midland Company ', 'Cargill Incorporated ', 'TA Foods Ltd. ', 'Richardson International Ltd. ', 'S.S. Johnson Seeds ', 'AgMotion Speciality Grains ', 'CanMar Grain Products Ltd. ', 'Simosis International Inc. ', 'Stokke Seeds ', 'Sunnyville Farms Ltd. ', 'Linwoods Health Foods Ltd. ', 'Healthy Oilseeds LLC ', 'Grain Millers Inc. ', 'Bob’s Red Mill Natural Foods Inc. ', 'Bioriginal Food & Science Corp. ', 'Shape Foods Inc. ', 'Healthy Food Ingredients LLC ', 'Pragati Agribiz Pvt Ltd. ', 'BTL Herbs and Spices Pvt Ltd. ', 'Eastmade Spices and Herbs Pvt Ltd.'

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.

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.

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Flax Seeds Market Size, Share, Growth Analysis, By Type (Whole Flax Seed, Flax Seed Powder), By Form, By Nature, By Application, By Distribution Channel, By Region - Industry Forecast 2025-2032

Flax Seeds Market Regional Insights

Flax Seeds Market Report Snapshots

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