Flax Seeds Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Canada, Germany, India - Size and Forecast 2024-2028

Flax Seeds Market Size 2024-2028 

The flax seeds market size is estimated to increase by USD 1.5 billion and grow at a CAGR of 15.42% between 2024 and 2028. Market expansion is fueled by several key factors.

Firstly, there's a rising awareness regarding the health advantages of flaxseeds, which are being recognized for their nutritional richness and potential health benefits. Secondly, the expanding community of vegan and vegetarian is contributing significantly to market growth, with these dietary choices driving demand for plant-based products like flaxseeds. Thirdly, the general trend of health consciousness is on the rise, spurred partly by an increasing obese population seeking healthier dietary options. These factors collectively underscore a growing demand for flaxseeds and related products such as watermelon seeds, reflecting shifting consumer preferences towards healthier, plant-based alternatives, and a broader societal emphasis on wellness and nutrition.

What will be the Size of the Flax Seeds Market During the Forecast Period?

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Flax Seeds Market Dynamics and Customer Landscape

The market is driven by increasing consumer awareness of its health benefits, particularly in combating diabetes and cancer, thanks to its omega-3 content. Rising demand for flaxseed oil and flax meal underscores a trend towards nutrient-rich diets, appealing to both human consumption and animal feed sectors. Challenges lie in maintaining quality standards for industrial flax seed and addressing supply chain complexities for linseed exports. Despite these, the market continues to grow due to nutrient-packed qualities like protein and omega-3 fatty acids, catering to health-conscious consumers combating heart diseases. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Flax Seeds Market Driver

The increasing number of vegans and vegetarians is notably driving the global market growth. Vegan consumers stay away from animal products, be it food, clothing, or accessories. They chose healthy alternatives to meat, dairy, and other conventional protein sources and found a vegan diet to be healthier than a meat-based diet. Instead of animal products, vegans prefer plant-based foods. With the steady rise of veganism and vegetarianism, flaxseeds could be a viable alternative to meat and dairy. Plus, flaxseeds are healthier than any meat source and contain no cholesterol. They have been widely accepted in fitness-conscious Western societies and are slowly gaining traction in developing economies. Flaxseeds are gluten-free, making them especially popular in vegan and vegetarian diets.

Moreover, the growing awareness of the benefits of antibiotic-free meat and poultry products has opened up a whole new market for organic meat and poultry products, such as organic pork, Turkey organic, and organic pepper sausage. There is also a growing demand for plant-based vegan foods, now available in a variety of varieties, such as takeaway and individually packaged, as well as in a variety of flavors. These products offer excellent opportunities for food manufacturers to diversify their portfolios and cater to different customer segments. Hence, the increasing number of vegans and vegetarians is the key driver, which is expected to drive the growth of the global flaxseed market during the forecast period. 

Significant Flax Seeds Market Trends

The growing popularity of superfoods is the primary trend shaping the global market growth. The popularity of superfoods is driving the demand for a variety of food products, including flaxseed. Superfoods are nutrient-rich foods that are believed to offer health benefits beyond their basic nutritional value. They are often rich in antioxidants, vitamins, minerals, and other beneficial compounds that can help prevent disease and promote overall health. The demand for superfoods has increased rapidly in recent years due to the growing awareness of the importance of a healthy diet and lifestyle. Consumers are looking for convenient and easy ways to incorporate healthy foods into their diets, and superfoods like flaxseed have become a popular choice.

In addition to the health benefits, superfoods like flaxseed are versatile and easy to use in many recipes. They can be added to smoothies, baked goods, salads, and other foods to increase their nutritional value as well as add flavor and texture. As a result, the growing popularity of superfoods is driving the market for healthy snacks food products like flaxseed. As consumers continue to prioritize health and fitness, the demand for nutrient-rich foods is expected to increase, thereby fueling the global flaxseed market growth over the forecast period. 

Major Flax Seeds Market Challenge

The fluctuating prices of flaxseeds and product recalls are major challenges impeding the growth of the global market. Due to the widening gap between supply and demand in recent years, the cost of raw materials has risen significantly. Rising raw material prices not only increased production costs but also reduced profit margins for suppliers. This factor, combined with the need to remain competitive in the market, is pushing manufacturers to try cheaper alternatives.

Most manufacturers purchase or source raw materials from third parties. Improper handling of raw materials or consumables can affect the safety and quality of the final product. Food testing, regulatory and compliance agencies in several countries have the power to shut down companies and withdraw their products from the market if they pose a health risk. A product recall can seriously affect not only a company's brand image but also its operations and distribution. Such factors may hinder the flaxseed market growth during the forecast period.

Exculsive Customer Landscape

The Flax Seeds market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the Flax Seeds market research report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AgMotion Inc.: The company offers a wide range of products, including flaxseeds, milled flax, wheat, corn, soybeans, lentils, and other pulses, grains, and oilseeds. The company offers flaxseeds such as whole, milled, and yellow seeds

The Flax Seeds market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• AgMotion Inc.
• Archer Daniels Midland Co.
• Bioriginal Food and Science Corp.
• Bradley Caldwell Inc.
• BTL Herbs and Spices Pvt. Ltd.
• CanMar Foods Ltd.
• Eastmade Spices and Herbs Pvt. Ltd.
• Gingerly Naturals P. Ltd.
• Global Resource Direct LLC
• Grain Millers Inc.
• Healthy Food Ingredients LLC
• Howe Seeds
• KRBL Ltd.
• Linwoods Health Foods
• Merck KGaA
• Mother Herbs P Ltd.
• Mr Fothergills Seeds Ltd.
• Pragati Agribiz Pvt. Ltd.
• Satva Industries
• TA Foods Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Flax Seeds Market Segmentation

The Market exhibits a diverse range of applications and benefits across various segments. In the animal health sector, flax seeds are gaining traction for dog health, cat, and horse nutrition, providing an egg alternative rich in proteins, magnesium, and phosphorous. Their versatility extends to industrial and culinary uses, including flax seed oil for food preservation and industrial flax seed for diverse form factors such as capsules, flour, and oil. Whether used in ice creams, pancakes, or nutrition-rich products, the whole flax seed and its derivatives like flax meal, flaxseed oil, and flaxseed meal are integral to the food and nutraceutical industries, emphasizing their role in promoting health and wellness while addressing concerns like depression, diabetes, and cancer.

The market share growth by the food and beverages segment will be significant during the forecast period. The food and beverages segment is anticipated to experience a double-digit rate during the forecast period owing to the high demand for healthy foods across the globe. In addition to being a raw seed snack, flaxseed is widely used in the food and beverage industry as an additive in juices, pasta, smoothies, yogurt, granola, salads, and sports nutrition products.

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The food and beverages segment was valued at USD 440 million in 2018. Whole flaxseed is added to baked goods to improve the texture quality. Flaxseed powder consumption is recommended to reap the potential health benefits of omega-3 fatty acids and lignans. For bakery products, adding flaxseed can increase fermentation and leavening times. Flaxseed is also used in bagels, bran muffins, cracked wheat hoagies, oatmeal bread, and chocolate chip cookies. Hence, the food and beverage segment is expected to experience significant growth during the forecast period.

Regional Analysis

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APAC is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Flaxseed is gaining popularity in the region as companies try to improve the health of the local population. Flaxseed is becoming increasingly important in the region due to its many health benefits. Higher consumer propensity towards superfoods has been observed in countries such as China, Japan, and India. China is the world's leading importer of flaxseed. The country imports about 50% of flaxseed. In China, flaxseed is commonly used for industrial purposes.

Recently, increased consumer awareness of healthy eating and the omega-3-related benefits of flaxseed have increased consumption in APAC. Additionally, the popularity of spices like asafoetida is growing in the region due to their culinary uses and perceived health benefits. In addition, per capita disposable income in APAC countries is expected to increase during the forecast period, further driving demand for nutritious foods and flavorful ingredients such as asafoetida. The rate of urbanization in APAC countries will also increase, creating more opportunities for market growth as urban consumers seek convenient and healthy food options. These factors collectively contribute to a positive outlook for the asafoetida market in APAC during the forecast period.

Segment Overview

The Flax Seeds market forecast report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

• Application Outlook 
  • Food and beverages
  • Animal food
  • Others
• Product Outlook
  • Ground flax seeds
  • Whole flax seeds
• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Argentina
    • Brazil
    • Chile

Market Analyst Overview

The market is experiencing significant growth driven by various factors. Consumers are increasingly aware of the adverse health effects of certain dietary choices, leading them to seek healthier alternatives such as flax seeds. These seeds are rich in amino acids and essential nutrients like omega-3 fatty acids, making them valuable for both human and animal feed consumption.In the bakery industry, bakery product manufacturers are incorporating flax seeds into their products to enhance nutritional value and cater to consumer preferences for healthier options. The presence of fiber, healthy oils, and functional ingredients in flax seeds makes them suitable for a range of functional foods including breakfast cereals, energy bars, and snacks.

Moreover, research suggests that flax seeds may contribute to lowering cholesterol levels, supporting heart health, and even reducing the risk of certain cancers. They are also associated with benefits like promoting healthy hair growth, nerve functions, and aiding in digestion. The market extends beyond human consumption, with pet food manufacturers incorporating flax seeds into products for dogs, cats, and horses due to their nutritional richness. The market for flax seeds continues to expand, driven by consumer inclination towards natural & organic food products and the growing vegan population seeking plant-based alternatives rich in nutrients like calcium, phosphorus, and potassium. Flaxseed or linseed and quinoa seeds are both versatile edible crop rich in carbohydrates. Flax seed or linseed, offers omega-3 fatty acids and fiber, while quinoa provides a complete protein source along with essential minerals. Incorporating these nutrient-dense seeds into your diet can enhance both taste and nutritional value.

Furthermore, the Market exhibits a diverse range of applications and benefits across various segments. Flax seeds are renowned for their rich content of essential amino acids, fatty acids, and fiber content, making them a sought-after ingredient in functional food products aimed at promoting digestible and nutrition-rich offerings.The market caters to health-conscious consumers concerned about blood pressure, cholesterol level, and heart diseases, as flax seeds are known for their potential in blood thinning and supporting cardiovascular health. Additionally, they are being explored as potential aids in managing conditions like bowel obstructions and mitigating the risk of stroke. In the animal health sector, flax seeds are gaining traction for dog health, cat, and horse nutrition, providing an egg alternative rich in proteins, magnesium, and phosphorous. Their versatility extends to industrial and culinary uses, including flax seed oil for food preservation and industrial flax seed for diverse form factors such as capsules, flour, and oil.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies