About Flaxseed
Flaxseed is one of the oldest crops. There are two types of flaxseeds brown and golden, both of which are nutrient-dense. Flax seeds have been linked to a variety of medicinal value, including better digestion and a lower risk of heart disease, type 2 diabetes, and cancer. They're simple to add to one's diet. Flaxseed is used in a wide variety of food products and even in animal feed. China is the largest producer of flax seeds followed by the United States and India. With the trend of healthy food, the demand for flaxseed is increasing.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 11.57% |
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical up-gradations in the manufacturing process of the product. 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.
Cargill Incorporated (United States), Archer Daniels Midland Company (United States), KRBL Limited (India), Cenex Harvest States Cooperatives (CHS) (United States), AgMotion Inc. (United States), Richardson International Ltd. (Canada), Viterra Inc. (Canada), TA Foods Ltd. (Canada), Healthy Food Ingredients, LLC (United States) and Superior Supplement Manufacturing (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Flaxseed market by Type (Milled (Ground) Flaxseed, Whole Flaxseed and Flaxseed Oil), Application (Food, Animal Food and Others) and Region.
On the basis of geography, the market of Flaxseed 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). Asia Pacific region held largest market share in the year 2021. If we see Market by Nature, the sub-segment i.e. Organic will boost the Flaxseed market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Brown Flaxseeds will boost the Flaxseed market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption Of Flaxseed in Making Plant-Based Protein
Market Growth Drivers:
Increasing Demand for Flaxseed Due to Its High Nutritional Value and Need Of Flaxseed for Making a Wide Range of Food Products and Beverages
Challenges:
Production Of Flaxseed Is Concentrated in China, USA, and In India and Lack Of Research on Benefits of The Flaxseed
Restraints:
Availability Of Alternatives to Flaxseeds
Opportunities:
Growing Trend of Healthy Food Will Boost the Demand of Flaxseed and Rising Population in The World Will Increase the Demand for Flaxseed
Market Leaders and their expansionary development strategies
On 20th Oct 2020, Cargill Incorporated a leading player in the flaxseed market, announced the acquisition of Floratech, a leading global provider of innovative natural emollients and derivatives for beauty and personal care applications. The purchase underscores Cargill's desire to build its Beauty business.
On 3rd March 2021, KRBL Limited, owners of products like India Gate Basmati Rice, announced two new additions in their portfolio which were “Active Heart Special Roasted Flax Seeds” and “Wholesome Health Special Chia Seeds” Both the products will be available in the omnichannel and will increase KRBL’s portfolio of healthy foods.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Flaxseed Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries 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.