Flax Seeds Market Report 2024

This Flax Seeds market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The flax seeds market size has grown rapidly in recent years. It will grow from $0.78 billion in 2023 to $0.9 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth observed during the historical period can be linked to the increased support from governments and institutions, a rise in vegan and vegetarian dietary choices, a shift towards health-conscious consumer habits, an upsurge in organic food consumption, and an increase in the availability of flax seed-based products.

The flax seeds market size is expected to see rapid growth in the next few years. It will grow to $1.56 billion in 2028 at a compound annual growth rate (CAGR) of 15%. The anticipated growth during the forecast period can be attributed to the increasing demand for plant-based foods, the expansion of e-commerce platforms, the growing popularity of superfoods, and the rising global demand for functional foods. Key trends expected in this period include advancements in technology, the rise of functional foods, dietary supplements, plant-based diets, and the continued interest in superfoods.

The growing demand for plant-based foods is projected to boost the growth of the flax seeds market in the near future. Plant-based foods come from various sources such as fruits, vegetables, grains, nuts, seeds, and legumes, and are preferred for their nutritional benefits and eco-friendly attributes. This demand is largely driven by increased health awareness, environmental concerns, and ethical considerations, as consumers increasingly pursue healthier, sustainable, and cruelty-free dietary choices. Flax seeds are easily incorporated into a range of plant-based dishes, including smoothies, baked goods, salads, and dressings, enhancing their nutritional profile and making them a popular ingredient in many plant-based recipes. For example, in April 2023, The Good Food Institute, a US-based nonprofit organization that promotes plant- and cell-based products, reported that US retail sales of plant-based foods rose from $7.4 billion in 2021 to $8 billion by 2022. Thus, the rising demand for plant-based foods is significantly driving the growth of the flax seeds market.

The increasing focus on health is also expected to propel the growth of the flax seeds market in the future. Health consciousness refers to an individual’s awareness and proactive approach toward maintaining or improving their health and well-being. This trend stems from a growing understanding of the importance of proactive health management and the rising incidence of lifestyle-related diseases. Flaxseed contributes to health consciousness by being a rich source of omega-3 fatty acids, fiber, and antioxidants, which support a holistic approach to preventive health. For instance, a survey conducted in May 2022 by the International Food Information Council, involving 1,005 American adults aged 18 to 80 and adult Gen Z consumers aged 18 to 24, found that about 52% of participants followed a specific diet or eating pattern, up from 39% in 2021. Among the most popular choices were clean eating (16%), mindful eating (14%), and calorie counting (13%). Hence, the rising health awareness is fueling the growth of the flax seeds market.

Leading companies in the flax seeds market are focusing on developing innovative products, such as flaxseed milk, to promote heart health and alleviate digestive issues. Flaxseed milk serves as a plant-based alternative derived from flax seeds and is rich in omega-3 fatty acids, fiber, and other essential nutrients. For instance, in April 2022, Malibu Mylk, a US-based non-dairy beverage company, introduced Flax Mylk, the world's first high-fiber milk made from whole, organic flaxseeds. This groundbreaking non-dairy milk is available in 700 US grocery stores and online, utilizing whole flaxseeds without straining, thus preserving its full nutritional benefits. Rich in fiber and vegan omega-3 fatty acids, Flax Mylk is believed to offer health advantages such as reducing inflammation, lowering cholesterol, and supporting digestion. It is allergen-friendly, free from gums, oils, and synthetic vitamins, and is naturally sweetened with dates.

Major companies operating in the flax seeds market are Cargill Incorporated, Archer Daniels Midland Company, WinCo Foods LLC, Glanbia plc, KRBL Limited, Grain Millers Inc., Bob's Red Mill Natural Foods Inc., Linwoods Health Foods Ltd., Healthy Food Ingredients LLC, AgMotion Specialty Grains Inc., Bioriginal Food & Science Corp, Shape Foods Inc., Healthy Oilseeds LLC, Pragati Agribiz Pvt Ltd., TA Foods Limited, CanMar Grain Products Ltd., Simosis International Inc., BTL Herbs and Spices Pvt Ltd., Eastmade Spices and Herbs Pvt Ltd., Gingerly Naturals Pvt Ltd., Global Resource Direct LLC, Satva Industries Pvt Ltd., Waltanna Farms Pty Ltd., Paragon Flax LLC.

North America was the largest region in the flax seeds market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flax seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

Flax seeds are small, edible seeds derived from the flax plant (Linum usitatissimum) and are renowned for their high nutritional content. They are abundant in omega-3 fatty acids, fiber, and lignans, which possess antioxidant properties. Flax seeds are often consumed to enhance digestive health, reduce cholesterol levels, and promote heart health. They can be enjoyed whole, ground into flaxseed meal, or processed to create flaxseed oil.

The primary types of flax seeds include whole flax seeds, flaxseed powder, flaxseed oil, and other variations. Whole flax seeds are the unprocessed version, preserving all their natural nutrients and fiber. These seeds are distributed through various channels, including both business-to-business and business-to-consumer models. They are utilized by a range of end users, including the food and beverage industry, nutraceuticals, animal feed, retail or household consumers, and for industrial applications.

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

The flax seeds market consists of sales of flax seed powder, flax seed meal, and flax seed extracts. 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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