The Latin America, Middle East and Africa Flaxseeds Market would witness market growth of 14.9% CAGR during the forecast period (2023-2030).
Innovative packaging and delivery methods, such as flax seed oil capsules, provide consumers with convenient ways to incorporate the health benefits of Flaxseeds into their daily routines. Developing new functional food products containing these seeds, such as flax-enriched yogurt and snack bars, capitalizes on consumer interest in foods that offer specific health benefits. Innovations in sustainable farming practices, including organic and regenerative agriculture, aim to improve the quality and yield of Flaxseeds while minimizing environmental impact. The market has introduced value-added flax seed products, such as roasted Flaxseeds with unique flavor profiles and ready-to-eat flax seed snacks.
Established agricultural companies with access to extensive farmlands and distribution networks significantly supply these seeds to various industries. They often cater to both food and non-food sectors. Some companies focus exclusively on producing high-quality seeds for specific markets, such as the food industry or dietary supplement manufacturers. These specialty producers often prioritize organic and non-GMO Flaxseeds. Companies that offer a range of flax-based products, including flax seed oil, flax seed powder, and whole Flaxseeds, have a competitive edge. This diversification allows them to cater to various consumer needs and industries.
As per the fact sheets released by the Government of Brazil and updated in November 2022, the promotion of agricultural production in Brazil is responsible for producing one in five of the world’s plates of food. Family farmers are responsible for putting food on Brazil’s tables and are a priority in the Crop Plan – which offers even lower interest rates on credits, at 5% and 6%. The 2022/2023 Crop Plan made another BRL 340 billion in credits available to rural producers – equivalent to more than USD 60 billion. Additionally, A growing emphasis on health and wellness has also been observed in the United Arab Emirates (UAE) in recent years, with locals and visitors adopting various trends and practices to enhance their physical and mental well-being. Many restaurants and cafes in the UAE offer vegan and plant-based menu options. Therefore, the demand for the seeds is expected to grow in the LAMEA region.
The Brazil market dominated the LAMEA Flaxseeds Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $36,764.7 Thousand by 2030. The Argentina market is showcasing a CAGR of 15.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 14.6% during (2023 - 2030).
Based on Product, the market is segmented into Ground Seed, and Whole Seed. Based on Application, the market is segmented into Food, Animal & Pet Food, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Flaxseeds Market is Projected to reach USD 1.7 Billion by 2030, at a CAGR of 12.8%
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
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