The North America Flaxseeds Market would witness market growth of 12.5% CAGR during the forecast period (2023-2030).
Flaxseeds, also known as linseeds, have gained immense popularity recently due to their remarkable health benefits and versatility in culinary applications. The market has witnessed significant growth as consumers increasingly seek nutritious and plant-based ingredients to incorporate into their diets. The seeds have many applications in the food and non-food sectors. Their versatility has contributed to their growing demand across various industries.
Flaxseeds are widely used in the food industry as a nutritional ingredient. They are incorporated into various products, including bread, cereals, granola bars, muffins, and yogurt, to enhance the nutritional profile of these items. These seeds are also employed as a vegan egg substitute in baking. Flax seed oil and flax seed powder are mostly used in dietary supplements due to their high content of essential fatty acids, particularly alpha-linolenic acid (ALA) omega-3 fatty acids. These supplements are marketed for their potential cardiovascular and overall health benefits.
Food security initiatives in the United States often focus on diversifying food sources to ensure a stable and nutritious food supply. Flaxseeds can be valuable to a diversified diet due to their rich nutrient content. Throughout 2021, 89.8% (or 118.5 million) of American households had enough food. Essentially, it is the same as 89.5 percent in 2020, or a little different. Additionally, a federal program called the Supplemental Nutrition Assistance Program (SNAP), formerly known as Food Stamps, gives eligible low-income people and families money to spend on food. It is one of the largest food assistance programs in the United States and is crucial in reducing food insecurity. Consumers can also purchase seeds like Flaxseeds using their SNAP benefits. Therefore, all these factors will help expand the market in the North America region.
The US market dominated the North America Flaxseeds Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $323,245.7 Thousand by 2030. The Canada market is experiencing a CAGR of 15.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 14.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Flaxseeds Market is Predict to reach $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
Scope of the Study
Market Segments Covered in the Report:
By Product
By Application
- Food
- Animal & Pet Food
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
- Stokes Seeds
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Flax Seeds Market, by Product
1.4.2 North America Flax Seeds Market, by Application
1.4.3 North America Flax Seeds Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Force Analysis
Chapter 4. North America Flaxseeds Market by Product
4.1 North America Ground Seed Market by Country
4.2 North America Whole Seed Market by Country
Chapter 5. North America Flaxseeds Market by Application
5.1 North America Food Market by Country
5.2 North America Animal & Pet Food Market by Country
5.3 North America Others Market by Country
Chapter 6. North America Flaxseeds Market by Country
6.1 US Flaxseeds Market
6.1.1 US Flaxseeds Market by Product
6.1.2 US Flaxseeds Market by Application
6.2 Canada Flaxseeds Market
6.2.1 Canada Flaxseeds Market by Product
6.2.2 Canada Flaxseeds Market by Application
6.3 Mexico Flaxseeds Market
6.3.1 Mexico Flaxseeds Market by Product
6.3.2 Mexico Flaxseeds Market by Application
6.4 Rest of North America Flaxseeds Market
6.4.1 Rest of North America Flaxseeds Market by Product
6.4.2 Rest of North America Flaxseeds Market by Application
Chapter 7. Company Profiles
7.1 Cargill, Incorporated
7.1.1 Company Overview
7.1.2 SWOT Analysis
7.2 Archer Daniels Midland Company
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Richardson International Limited (James Richardson & Sons, Limited)
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 TA Foods Ltd.
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 Johnson Seeds Ltd.
7.5.1 Company Overview
7.5.2 SWOT Analysis
7.6 AgMotion, Inc.
7.6.1 Company Overview
7.6.2 SWOT Analysis
7.7 CanMar Foods Ltd.
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Simosis International
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 Stokes Seeds
7.9.1 Company Overview
7.9.2 SWOT Analysis
TABLE 1 North America Flaxseeds Market, 2019 - 2022, USD Thousand
TABLE 2 North America Flaxseeds Market, 2023 - 2030, USD Thousand
TABLE 3 North America Flaxseeds Market by Product, 2019 - 2022, USD Thousand
TABLE 4 North America Flaxseeds Market by Product, 2023 - 2030, USD Thousand
TABLE 5 North America Ground Seed Market by Country, 2019 - 2022, USD Thousand
TABLE 6 North America Ground Seed Market by Country, 2023 - 2030, USD Thousand
TABLE 7 North America Whole Seed Market by Country, 2019 - 2022, USD Thousand
TABLE 8 North America Whole Seed Market by Country, 2023 - 2030, USD Thousand
TABLE 9 North America Flaxseeds Market by Application, 2019 - 2022, USD Thousand
TABLE 10 North America Flaxseeds Market by Application, 2023 - 2030, USD Thousand
TABLE 11 North America Food Market by Country, 2019 - 2022, USD Thousand
TABLE 12 North America Food Market by Country, 2023 - 2030, USD Thousand
TABLE 13 North America Animal & Pet Food Market by Country, 2019 - 2022, USD Thousand
TABLE 14 North America Animal & Pet Food Market by Country, 2023 - 2030, USD Thousand
TABLE 15 North America Others Market by Country, 2019 - 2022, USD Thousand
TABLE 16 North America Others Market by Country, 2023 - 2030, USD Thousand
TABLE 17 North America Flaxseeds Market by Country, 2019 - 2022, USD Thousand
TABLE 18 North America Flaxseeds Market by Country, 2023 - 2030, USD Thousand
TABLE 19 US Flaxseeds Market, 2019 - 2022, USD Thousand
TABLE 20 US Flaxseeds Market, 2023 - 2030, USD Thousand
TABLE 21 US Flaxseeds Market by Product, 2019 - 2022, USD Thousand
TABLE 22 US Flaxseeds Market by Product, 2023 - 2030, USD Thousand
TABLE 23 US Flaxseeds Market by Application, 2019 - 2022, USD Thousand
TABLE 24 US Flaxseeds Market by Application, 2023 - 2030, USD Thousand
TABLE 25 Canada Flaxseeds Market, 2019 - 2022, USD Thousand
TABLE 26 Canada Flaxseeds Market, 2023 - 2030, USD Thousand
TABLE 27 Canada Flaxseeds Market by Product, 2019 - 2022, USD Thousand
TABLE 28 Canada Flaxseeds Market by Product, 2023 - 2030, USD Thousand
TABLE 29 Canada Flaxseeds Market by Application, 2019 - 2022, USD Thousand
TABLE 30 Canada Flaxseeds Market by Application, 2023 - 2030, USD Thousand
TABLE 31 Mexico Flaxseeds Market, 2019 - 2022, USD Thousand
TABLE 32 Mexico Flaxseeds Market, 2023 - 2030, USD Thousand
TABLE 33 Mexico Flaxseeds Market by Product, 2019 - 2022, USD Thousand
TABLE 34 Mexico Flaxseeds Market by Product, 2023 - 2030, USD Thousand
TABLE 35 Mexico Flaxseeds Market by Application, 2019 - 2022, USD Thousand
TABLE 36 Mexico Flaxseeds Market by Application, 2023 - 2030, USD Thousand
TABLE 37 Rest of North America Flaxseeds Market, 2019 - 2022, USD Thousand
TABLE 38 Rest of North America Flaxseeds Market, 2023 - 2030, USD Thousand
TABLE 39 Rest of North America Flaxseeds Market by Product, 2019 - 2022, USD Thousand
TABLE 40 Rest of North America Flaxseeds Market by Product, 2023 - 2030, USD Thousand
TABLE 41 Rest of North America Flaxseeds Market by Application, 2019 - 2022, USD Thousand
TABLE 42 Rest of North America Flaxseeds Market by Application, 2023 - 2030, USD Thousand
TABLE 43 Key Information – Cargill, Incorporated
TABLE 44 Key Information – Archer Daniels Midland Company
TABLE 45 Key Information – Richardson International Limited
TABLE 46 Key Information – TA Foods Ltd.
TABLE 47 Key Information – Johnson Seeds Ltd.
TABLE 48 Key Information – AgMotion, Inc.
TABLE 49 Key Information – CanMar Foods Ltd.
TABLE 50 Key Information – Simosis International
TABLE 51 Key Information – Stokes Seeds
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Flaxseeds Market, 2019 - 2030, USD Thousand
FIG 3 Key Factors Impacting the Flax Seeds Market
FIG 4 Porter’s Five Force Analysis: Flax Seeds Market
FIG 5 North America Flaxseeds Market Share by Product, 2022
FIG 6 North America Flaxseeds Market Share by Product, 2030
FIG 7 North America Flaxseeds Market by Product, 2019 - 2030, USD Thousand
FIG 8 North America Flaxseeds Market Share by Application, 2022
FIG 9 North America Flaxseeds Market Share by Application, 2030
FIG 10 North America Flaxseeds Market by Application, 2019 - 2030, USD Thousand
FIG 11 North America Flaxseeds Market Share by Country, 2022
FIG 12 North America Flaxseeds Market Share by Country, 2030
FIG 13 North America Flaxseeds Market by Country, 2019 - 2030, USD Thousand
FIG 14 SWOT Analysis: Cargill, Incorporated
FIG 17 SWOT Analysis: TA Foods Ltd.
FIG 18 SWOT Analysis: Johnson Seeds Ltd.
FIG 19 SWOT Analysis: AgMotion, Inc.
FIG 20 SWOT Analysis: CanMar Foods Ltd.
FIG 21 SWOT Analysis: Simosis International
FIG 22 SWOT Analysis: Stokes Seeds