Market Overview:
Flax protein is collected from flaxseeds which contain around 20-25% protein. Flaxseed protein is enriched with aspartic acid, amino acids arginine, and glutamic acid. Various lab studies have shown that flax protein help to improve immune functions, lower cholesterol, prevent tumor, and shoe anti-fungal properties. As more and more people are turning vegan; they are buying flax protein to meet their daily protein intake. Flax protein is now replacing animal-based protein as an alternative to animal-based protein even in the area of energy and sports nutrition.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | TA Foods Ltd. (Canada), S.S Johnson Seeds (Canada), Glanbia PLC (Canada), Natunola Health Inc (Canada), Glanbia Nutritionals (United States), Bioriginal (Canada), Grain Millers (United States), Clearspring Ltd (United Kingdom), Austrade Inc (United States) and Organica Vita (United Kingdom) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Flax Protein Market Study:
TA Foods Ltd. (Canada), S.S Johnson Seeds (Canada), Glanbia PLC (Canada), Natunola Health Inc (Canada), Glanbia Nutritionals (United States), Bioriginal (Canada), Grain Millers (United States), Clearspring Ltd (United Kingdom), Austrade Inc (United States) and Organica Vita (United Kingdom)
Flax Protein Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Bars, Cereals, Beverages, Supplements and Nutraceuticals |
Distribution Channel | Supermarkets and Hypermarkets,Convenience Stores,Online |
Seed | Brown Flaxseed,Gold Flaxseed |
Packaging | Pouch,Canister,Bag |
Influencing Trend:
Rising Demand for Instant Intake of Protein in Pouch-Based Packaging and Increased Demand as an Ingredient in the Vegan Diet
Market Growth Drivers:
Increased Demand for Plant-Based Protein as a Substitute to Animal-Based Protein and Growing Awareness About the Health Benefits Associated with Flax Protein
Challenges:
High Price of Flax Protein as Compared to Animal-Based Protein
Restraints:
Lack of Awareness About Plant-Based Protein and its Benefits
Opportunities:
Demand for Flax Protein in Bakery Products for Increasing its Nutritional Content
. The Global Flax Protein market is gaining huge competition due to involvement of Japan companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In March 2023, ADM launched of the Knwble Grw brand to provide consumers wholesome, plant-based food ingredients that are sustainably sourced. Knwble Grwn products are produced by small or underrepresented farmers using regenerative agricultural practices that help to protect the environment. The new brand complements ADM’s other sustainability initiatives.
In May 2023, Ingredion and BENEO collaborated to develop and market new plant-based protein blends combining pea and flax protein for improved functionality and nutritional value.
In Canada and the USA; flax is regulated as food and not a food additive. Presently, there are no regulations to limit the use of flax in food. In the USA it is deemed as ‘Generally Recognised as Safe” (GRAS). FDA has indicated that it has no objection to its use in foods up to 12% flax.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Flax Protein market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Flax Protein market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Flax Protein Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.