About Flaxseed Oil
Flaxseed oil, also known as linseed oil, is a light yellow oil made from the seeds of the flax plant. The main use of this oil is in industrial applications such as drying oil surfaces in wood finishing, a binder in paints, plasticizers, and the manufacture of other industrial solvents. Although the usage of this oil has not been significantly high on an industrial scale, the consumption of flaxseed oil as a nutrient has increased with increasing trends for healthy living. Consumption in the European region has increased, the demand for healthy oils is increasing. This increase in consumption is not very sudden, as flaxseed oil is often viewed as a delicacy in this region and is consumed with potatoes and curd. Flaxseed oil finds its use in a variety as a cosmetic product, many hair care products such as shampoos and conditioners use flaxseed oil as an active ingredient. It is often segregated into the premium cosmetics category, where the demand for this product is growing at a much higher level. This demand is expected to continue to grow, supported by the rise to a nutricosmetics segment in the cosmetics industry.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.36% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Japan Vendors will contribute the maximum growth to Global Flaxseed Oil market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hongjingyuan (China), Shape Foods, Inc. (Canada), Fueder (United States), ADM (United States), Blackmores (Australia), GNC (United States), Meng Gu Xiang (China), Nature's Bounty (United States), Henry Lamotte Oils GmbH (Germany), The Wonderful Company (United States), Luyuan, Inc. (China), Nature's Way Products (United States), Spectrum (United States), Krishi Oils (India), Gustav Heess (Germany) and Pharmavite (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Jamieson Laboratories (Canada), Sundown Naturals (United States) and Ningxia Yousufu Qingzhen Food Co. Ltd (China).
Segmentation Overview
AMA Research has segmented the market of Global Flaxseed Oil market by Type (Cold-Pressed, Hot-Pressed and Extraction), Application (Individual and Commercial) and Region.
On the basis of geography, the market of Flaxseed Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature Of Product, the sub-segment i.e. Organic will boost the Flaxseed Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Flaxseed Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Use, the sub-segment i.e. Flooring will boost the Flaxseed Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand By Health and Beauty Conscious Consumers, The Increased Consciousness and Awareness among Consumers Regarding Health Benefits of Flaxseed Oil and Increased Demand for Healthy Oils
Market Growth Drivers:
The Consumption of Flaxseed Oil for Its Nutrient, Usage of Flaxseed in Wide Variety of Cosmetic Products, The High Demand for Food Containing Omega-3 Fatty Acids and The Rise to a Nutricosmetics Segment in the Cosmetics Industry
Challenges:
Fluctuations in the Prices of Raw Materials
Restraints:
Presence of Alternatives Such As Synthetic Alkyd Resin and Causing Skin Irritation and Eye Redness to Babies When Present In Childcare Products
Opportunities:
Innovations in Research and the Use of Flaxseed Oil As Natural and Research-Oriented Medicine and Advancement in Technology and Supply Side Demand from Research Institutes Aiming At Research Based On Medicinal Benefits of Flaxseed Oil
Market Leaders and their expansionary development strategies
In October 2023, AGT Foods announced a collaboration with the Mayo Clinic to study the potential benefits of flaxseed oil for heart health.
In December 2023, Trader Joe's launched a new line of flavored flaxseed oil products.
Key Target Audience
Manufacturers of Flaxseed Oil, Suppliers and Distributors of Flaxseed Oil, End-Users, Potential Investors, Market Research Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.