The global market for flaxseeds is projected to grow with a healthy CAGR of 12.8% over the forecast period 2019-2028. In the global market, flax seeds can be used for crushing, which results in oil and flax meal production. It can be also used as whole seeds form, roasted form, seeds sprouted and grounded seeds. This flax seed oil and meal are used in the production of human and animal food products. Flax oil is widely used in the industry for linoleum production, varnish, and ink production.
Increasing consumer preference for healthy diets, increasing usage in animal feed and for industrial uses and the fact that flaxseeds are a cheaper alternative to chia seeds and quinoa seeds are the factors expected to drive the market.
Top Driver: The popularity of Super ingredients has increased significantly over the recent past
The acceptance of Super ingredients has enlarged expressively over the topical past, with product launches, as consumers are more inclined toward natural and wholesome ingredients. These products have superior nutritional value as they are rich sources of polyphenols, anti-oxidants, vitamins, and minerals. The market is driven by consumer preference toward functional and health-based naturally derived products. Flax seeds are readily available in grocery stores because they have a high demand around the world. A key factor in the sale of “superfoods”, including flax seeds’ availability, may be the accessibility of supermarkets, as compared to traditional grocery stores and convenience stores.
The use of linseed flour in bakery products is increasing in the U.S. as linseed flour increases sensory and nutritional qualities. The addition of linseed flour increases linolenic acid, fiber, and folate content in bread and muffins owing to which demand for linseed is expected to fuel in the country.
Food segment to Make Crucial Contribution to Growth of Global flaxseeds Market
The food segment emerged as the largest segment, accounting for a share of 48.3% in 2018. Linseed is a rich source of various essential amino acids, fats, and proteins owing to which demand for seed is growing in developed countries. The U.S. is one of the major consumers of linseed owing to increasing awareness related to health benefits among the consumers. Moreover, increasing the use of linseed in energy bars, breakfast cereals, and bakery products is expected to fuel segment growth over the forecast period. Adding, bakery product manufacturers are increasingly using linseed flour in bakery products to increase sensory and nutritional qualities. This, in turn, is expected to provide growth opportunities over the forecast period.
Demand for flaxseed meal is increasing worldwide as it is a rich source of essential antioxidants, minerals, amino acid, and fatty acid, which helps in maintaining low sodium and cholesterol level. Flaxseed is rich in fiber content owing to which it is gaining popularity among weight-conscious consumers.
Ground flaxseed held 65.5% share of global revenue in 2018 and is expected to maintain its lead throughout the forecast period. Increasing consumption of flaxseed as a dietary supplement is a key factor driving the market over the forecast period. Ground flaxseed helps in reducing the risk of diabetes, stroke, cancer, and heart diseases. In addition, nutritional contents such as omega 6 and omega 3 fatty acids help in improving body functionality. Flaxseed oil also lowers the cholesterol level, gallstones constipation, control blood pressure, and diverticular disorders, thereby enhancing hair growth.
Seed acts as an anti-allergic substance and promotes hair growth. Also, the consumption of ground flaxseeds helps reducing depression, further improving nerve functions. All these factors may help the flaxseeds market growth to boost in the upcoming years.
Asia-Pacific is the largest flax seed producing region in the world
In Asia-Pacific, flax seeds are consumed as whole grains, as well as being used to extract flaxseed oil. This market is growing because of consumer awareness about the numerous health benefits of flax seeds, such as its anti-cancer and anti-obesity properties, its ability to aid the digestive system, its role as a weight loss promoter and as a hormone balancer and its high Omega-3 fatty acid content. Flaxseed oil is largely consumed for low cholesterol and as a cure for blood pressure in human beings.
Asia-Pacific is the largest flax seed producing region in the world. China, India, Australia, Kazakhstan, and Iraq are the major producers and consumers of flax seeds in Asia-Pacific. Among these countries, China and India are the markets with the highest potential for growth in consumption.
Players to Focus on Global
The key players in the global flax seeds market include
S.S. Johnson Seeds,
Sunnyville Farms Ltd.
To sustain growth in the market, established players are acquiring regional companies. At the same time to attract new consumers, brands are adopting latest technology to introduce innovative food products. Such factors are expected to maintain competitiveness in the global flax seeds market and sustain its growth in the coming years.
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