The Global Flaxseeds Market size is expected to reach $1.7 billion by 2030, rising at a market growth of 12.8% CAGR during the forecast period.
Flaxseeds' omega-3 content and ability to lower cholesterol levels have made them a staple in heart-healthy diets, attracting individuals looking to improve their cardiovascular wellness. Therefore, the food segment is expected to acquire nearly 1/2 of the total market share by 2030. Additionally, Flaxseeds are a good source of soluble and insoluble fiber, dietary fiber aids digestion, helps regular bowel movements, and can prevent constipation. It also contributes to a feeling of fullness, which can support weight management. Flaxseeds contain lignans, which possess anti-inflammatory properties. The health and wellness trend strongly emphasizes reducing inflammation in the body, as chronic inflammation is related to various health issues, including obesity, diabetes, and certain autoimmune diseases. Some of the factors affecting the market are rising health and wellness trends worldwide, growing sustainable and organic farming practices, and competition from other superfoods and plant-based ingredients.
Flaxseeds are considered a nutritional powerhouse, and their consumption aligns perfectly with the growing emphasis on healthier dietary choices. Flaxseeds are renowned for their exceptional nutritional content. They are an excellent source of omega-3 fatty acids, particularly alpha-linolenic acid (ALA), which is beneficial for heart health and cognitive function. Additionally, Flaxseeds are high in dietary fiber, antioxidants, vitamins (such as B vitamins), and minerals (like magnesium and manganese). This nutritional richness makes them a sought-after food for healthier diets. Additionally, Flax is generally a low-maintenance crop less susceptible to pests and diseases than other crops. This means that farmers often use fewer pesticides or may even adopt organic farming practices to manage pests naturally. Consumers concerned about pesticide residues in their food are more likely to favor flax products. Flax is a relatively low nutrient-demanding crop, requiring fewer synthetic fertilizers than crops like corn or soybeans. Organic flax cultivation further minimizes synthetic fertilizers, relying on organic matter and crop rotation to enrich soil fertility. Environmentally conscious consumers appreciate reduced synthetic fertilizer use for its positive impact on water quality and soil health.
However, the availability of multiple superfood options empowers consumers to make a choice based on their preferences and needs. Some consumers may opt for chia seeds for their high fiber content, hemp seeds for protein, or quinoa for its complete amino acid profile. This variety can divert attention away from Flaxseeds. As consumers explore various superfoods, the market for these ingredients becomes fragmented. This fragmentation can make it challenging for flax seed producers and marketers to capture a significant market share.
On the basis of application, the market is divided into food, animal & pet food, and others. In 2022, the animal and pet food segment witnessed a substantial revenue share in the market. Flaxseeds contain a moderate amount of protein, making them a valuable source of plant-based protein in animal and pet food. This is especially important for vegetarian or vegan pet diets and for animals with protein sensitivities. The Flaxseeds can contribute to healthier fur and skin in pets. This is particularly attractive to pet owners who want their animals to have shiny coats and reduced skin dryness or itching. Therefore, the segment will grow rapidly in the future.
Based on product, the market is segmented into ground seed and whole seed. In 2022, the whole seed segment garnered a significant revenue share in the market. Consumers increasingly seek foods with strong nutritional profiles, and whole Flaxseeds align with these health-conscious preferences. Flaxseeds are mainly known for their heart-healthy properties. They are an essential source of alpha-linolenic acid (ALA) linked to reducing the risk of cardiovascular diseases. This has driven demand among individuals looking to improve heart health. As a result, there will be an increased demand in the segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 662.5 Million |
| Market size forecast in 2030 | USD 1.7 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 12.8% from 2023 to 2030 |
| Number of Pages | 177 |
| Number of Table | 249 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe segment acquired a considerable revenue share in the market. Flaxseeds are readily available in European markets, making them easily accessible to consumers. Their presence in grocery stores, health food shops, and online platforms ensures consumers can purchase them conveniently. Some European governments have implemented initiatives to promote healthy eating and the consumption of nutritious foods, including Flaxseeds. These programs can contribute to increased awareness and demand. European flax seed producers have opportunities to export their products to other regions, capitalizing on the reputation of European food products for quality and safety. Owing to these factors, the segment will expand rapidly in the upcoming years.
Free Valuable Insights: Global Flaxseeds Market size to reach USD 1.7 Billion by 2030
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cargill, Incorporated, Archer Daniels Midland Company, Richardson International Limited (James Richardson & Sons, Limited), TA Foods Ltd., Johnson Seeds Ltd., AgMotion, Inc., CanMar Foods Ltd., Simosis International and Stokes Seeds.
By Product
By Application
By Geography
This Market size is expected to reach $1.7 billion by 2030.
Rising Health and Wellness Trends Worldwide are driving the Market in coming years, however, Competition from Other Superfoods and Plant-Based Ingredients restraints the growth of the Market.
Cargill, Incorporated, Archer Daniels Midland Company, Richardson International Limited (James Richardson & Sons, Limited), TA Foods Ltd., Johnson Seeds Ltd., AgMotion, Inc., CanMar Foods Ltd., Simosis International and Stokes Seeds.
The expected CAGR of this Market is 12.8% from 2023 to 2030.
The Ground Seed segment is leading the Market by Product in 2022, achieving a market value of $1.1 Billion by 2030.
The Asia Pacific region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $655 Million by 2030.
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