According to a new report, published by KBV research, 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.
The Ground Seed segment is leading the Global Flaxseeds Market by Product in 2022, achieving a market value of $1.1 Billion by 2030. Ground Flaxseeds offer convenience to consumers as they can be easily used in a variety of dishes without the need for additional processing. They can be sprinkled onto yogurt, added to smoothies, mixed into baked goods, or used as a thickening agent in recipes. This versatility has made ground Flaxseeds popular for those seeking to boost their nutritional intake. Grinding Flaxseeds releases their nutrients, making them more accessible to the body.
The Food segment is growing at a CAGR of 12.3 % during the forecast period. The rising demand for plant-based diets and flexitarianism has increased interest in plant-based ingredients like Flaxseeds. Flaxseeds are a versatile addition to vegetarian and vegan diets, offering protein, healthy fats, and other essential nutrients. They are used in plant-based meat alternatives, dairy-free products, and meatless recipes, contributing to the segment's growth. Functional foods offering specific health benefits beyond basic nutrition are gaining popularity. Flaxseeds fit well into this category due to their potential to support heart health, aid digestion, and provide antioxidants.
The Asia Pacific region dominated the Global Flaxseeds 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. The Europe region would witness a CAGR of 12% during (2023 - 2030). Additionally, The North America region is anticipated to grow at a CAGR of 12.5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/flaxseeds-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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