Flax Seed Market

Global Flax Seeds Market Size (2024 to 2029):

The global flax seeds market size is expected to reach USD 610.41 million in 2024 and reach USD 1115 million by 2029, growing at a CAGR of 12.8% from 2024 and 2029. 

CURRENT SCENARIO OF THE GLOBAL FLAX SEEDS MARKET

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 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 prevent several health issues.

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, and 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. Also, most of the food specialists recommend 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.

MARKET RESTRAINTS:

Flax seeds consist of ALA (Alpha-Linolenic Acid) rather than 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, including diarrhea, allergy, stomach ache, gas, bloating, and constipation, thereby limiting the flax seeds market growth soon.

MARKET CHALLENGES:

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.

Impact Of COVID-19 On Flax Seeds Market:

COVID-19 (novel coronavirus disease), which was spread in early 2020, has turned into 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. 

REPORT COVERAGE:

SEGMENTAL ANALYSIS

Global Flax Seeds Market By Product:

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 their 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.

Global Flax Seeds Market By Application:

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 animal and pet food firms since manufacturers combine the flaxseed meal with the pets as it is beneficial for pets' health.

REGIONAL ANALYSIS 

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, accounting 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 IN THE GLOBAL FLAX SEEDS MARKET

TA Foods Ltd., Richardson International Ltd, S.S Johnson Seeds, AgMotion Speciality Grains , CanMAr Grain Products Ltd, Simosis International, Stokke Seeds , Sunnyville Farms Ltd. Some of the market players dominating the global flax seeds market.

RECENT HAPPENINGS IN THE GLOBAL 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.

DETAILED SEGMENTATION OF THE GLOBAL FLAX SEEDS MARKET INCLUDED IN THIS REPORT

This research report on the global flax seeds market is segmented and sub-segmented based on By Product, By Application and Region.

By Product

• Whole seed 
• Ground seed

By Application

• Food
• Animal & Pet food

By Region

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