Flaxseed Oil Market Report 2024

The flaxseed oil market size has grown strongly in recent years. It will grow from $4.65 billion in 2023 to $4.93 billion in 2024 at a compound annual growth rate (CAGR) of 6%. The growth during the historic period can be credited to the rise in disposable incomes among consumers, an expanding global population leading to a larger consumer base, historical use in medicine, longstanding cultivation of flax plants in agriculture, and increased awareness of nutrition.

The flaxseed oil market size is expected to see strong growth in the next few years. It will grow to $6.26 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. Anticipated growth in the forecast period is driven by increased research and development efforts, higher utilization of natural and organic ingredients in cosmetics, greater consumer emphasis on health and wellness, expanded commercialization of flaxseed oil, and heightened consumer awareness regarding eco-friendly surfactants. Key trends expected in the forecast period include advancements in extraction and processing technologies, adoption of sustainable and organic farming methods, growing demand for natural and organic products, development of microbial-based flaxseed oil surfactants, and ongoing product innovations.

The growth of the flaxseed oil market is anticipated to be driven by increasing health consciousness among consumers. Health consciousness refers to individuals' awareness and concern for their well-being, encompassing lifestyle choices such as diet, exercise, sleep, and stress management. This trend is fueled by heightened awareness of chronic diseases, a focus on personalized health, social influences, and a desire for longevity and quality of life. Flaxseed oil, abundant in essential amino acids, minerals such as iron, magnesium, and zinc, and antioxidants, meets the nutritional demands sought by health-conscious consumers. For example, a 2023 survey by the International Food Information Council revealed that 52% of Americans had adopted specific diets or eating patterns, up from 39% in 2021, underscoring the increasing consumer preference for health-enhancing foods and oils such as flaxseed oil.

The flaxseed oil market is also poised for growth due to rising demand for natural and organic products. Natural products derive ingredients from natural sources, while organic products adhere to stringent standards of organic agriculture. This trend is driven by evolving consumer preferences and heightened awareness of health and environmental concerns. Flaxseed oil, valued for its nutritional benefits, skincare properties, and compatibility with organic farming, is increasingly incorporated into natural and organic products. Notably, statistics from the UK's Department for Environment indicate significant growth in organically grown cereal crops and vegetables, reflecting the expanding organic farming sector. This burgeoning demand underscores flaxseed oil's role in meeting consumer preferences for natural and organic choices.

Leading companies in the flaxseed oil market are responding to consumer demand by innovating with organic flaxseed oil products. These products are cultivated and processed without synthetic pesticides, herbicides, or GMOs, aligning with sustainable agricultural practices. For instance, Sirio recently launched its PureOrganix range at Vitafoods Europe 2024, featuring organic gummies and softgels formulated with trending ingredients such as flaxseed oil and evening primrose oil. These products meet stringent EU-Organic certification criteria, enabling European brands to swiftly introduce rigorously tested and optimized formulations to the market.

Major companies operating in the flaxseed oil market are Archer Daniels Midland Company, Fonterra Co-operative Group, GNC Holdings LLC, Blackmores Limited, Nature's Way Products LLC, Natural Factors Nutritional Products Ltd., Natrol LLC, Healthy Oilseeds LLC, Krishi Oils Limited, Gustav Heess Oleochemische Erzeugnisse GmbH, Bioriginal Food, Pharmavite, Linwoods Health Foods, Rapunzel Naturkost, Bartoline Limited, Nature’s Bounty, Shape Foods, Spectrum Organic Products Inc., Skin Science Company, Henry Lamotte Oils GmbH, Heze Zonghoo Jianyuan Biotech Co Ltd., Rexall Sundown Inc.

North America was the largest region in the flaxseed oil market in 2023. The regions covered in the flaxseed oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the flaxseed oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Flaxseed oil, also called linseed oil, is a dense liquid derived from the seeds of the flax plant (Linum usitatissimum). It serves both culinary and nutritional purposes due to its high omega-3 fatty acid content, particularly alpha-linolenic acid (ALA). The oil is esteemed for its nutritional profile, potential health advantages, and support for digestive wellness.

Flaxseed oil is categorized into cold-pressed, hot-pressed, and extraction methods. Cold-pressed extraction involves obtaining oil or juice from seeds, nuts, or fruits without external heat application. These oils come in various types such as organic and conventional, and are distributed through direct sales, online retail, supermarkets, and hypermarkets. They find diverse uses in food, cosmetics, pharmaceuticals, and other industries.

The flaxseed oil market research report is one of a series of new reports that provides flaxseed oil market statistics, including flaxseed oil industry global market size, regional shares, competitors with a flaxseed oil market share, detailed flaxseed oil market segments, market trends, and opportunities, and any further data you may need to thrive in the flaxseed oil industry. This flaxseed market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The flaxseed oil market consists of sales of cold-pressed, expeller-pressed, and solvent-extracted oil. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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