About Flax Seeds
Flax seed is also known as common flax or linseed. Flax seed is a food and fiber crop, which is mostly gowning in cool regions such as Canada and the upper Midwestern United States. Canada is the world’s leading flax producer and exporter. It has great value because of its versatility in terms of nutritional benefits. Flax seeds can be used as whole or ground to use it as vegetable oil. Flax seeds are highly nutritious and has numerous health benefits like, it fights cancer and obesity, promotes weight loss, improves digestive system, balances hormone. Flax seeds are rich sources of Omega-3 fatty acid which is helps in lowering the blood pressure and blood cholesterol.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 11.57% |
North America is expected to hold large market share in the forecasted period owing to high production of flaxseed in countries of North America such as Canada and united states. The Asia Pacific is projected to register significant growth during the forecasted year due to growing demand as well as consumption of flex seed from developing countries such as India and China. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Flax Seeds 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.
Archer Daniels Midland (United States), Cargill (United States), AgMotion (United States), Johnson Seeds (United States), Linwoods Health Foods (Ireland), CanMar Grain Products (Canada), Dicks' Seed (United States), Farmers Elevator (United States), Grain Millers (Canada) and Healthy Food Ingredients (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 Healthy Oilseeds (United States) and Bioriginal Food & Science Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Flax Seeds market by Type (Ground Flax Seed, Flax Seed Oil and Whole Flax Seed [Brown Raw, Brown Toasted, Golden Raw, Golden Toasted Flax Seeds]), Application (Animal Food, Food and Beverages and Other) and Region.
On the basis of geography, the market of Flax Seeds 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online Distribution Channel will boost the Flax Seeds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Fuelling Adoption of sue to use in Animal Feed, Upsurging Demand for Functional Food and Growing Demand from End-User Industry Due to Presence of Fiber
Market Growth Drivers:
Growing Consciousness about Health, High Demand for Industrial Flex Seed and Increasing Consumer Inclination towards Natural and Organic Food
Challenges:
Unregulated Consumption Causes Toxicity
Restraints:
Rising Concern Related Health Disorders Like Bowel Obstructions
Opportunities:
Increasing Demand due to High Use in Various Food Application and Growing demand due to Product Innovation and Launches
Market Leaders and their expansionary development strategies
In October 2023, Tyson Foods has reached an agreement for a two-fold investment with Protix, the leading global insect ingredients company. The strategic investment will support the growth of the emerging insect ingredient industry and expand the use of insect ingredient solutions to create more efficient sustainable proteins and lipids for use in the global food system.
In September 2016, Archer Daniels Midland Company launched Onavita a new, fully refined, non-GMO flaxseed oil that provides a cost-effective solution used in a variety of products, ranging from supplements to pasta sauces and dressings and more.
Key Target Audience
Manufactures of Flex Seed, Distributors and Suppliers of Flex Seed, Government Regulatory Bodies, Industry Associations, Government Research IOrgnizations, Private Reaserch Orgnizations 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.