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Flaxseeds Market Is Likely To Witness A Healthy CAGR Growth of 12.7% By 2025: Grand View Research, Inc.

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Flaxseeds Market Is Likely To Witness A Healthy CAGR Growth of 12.7% By 2025: Grand View Research, Inc.

April 23
13:00 2020
Flaxseeds Market Is Likely To Witness A Healthy CAGR Growth of 12.7% By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to a report published by Grand View Research, The global flaxseeds market size is expected to reach USD 980.3 million by 2025, Expanding at a CAGR of 12.7% over the forecast period.

According to a report, “Flaxseeds Market Size, Share & Trends Analysis Report By Product (Ground Seed, Whole Seed), By Application (Food, Animal & Pet Food), By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc.,The global flaxseeds market size is expected to reach USD 980.3 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.7% over the forecast period. Various nutritional properties associated with flaxseeds including omega 3, omega 6, fiber, vitamins, minerals, and other essential fatty acids are expected drive the market over the forecast period. In addition, these seeds are beneficial for reducing the cholesterol level and blood sugar in the body. It also helps to prevent various chronic diseases including cardiovascular diseases. These factors are increasing the demand for the product among consumers.

Ground seed dominated the market in 2018 and is expected to be the fastest growing segment from 2019 to 2025. They are primarily used for the oil extraction. The oil has applications in various industries including pharmaceutical, personal care, and food industries. Flaxseed oil is beneficial to heal skin disorders including itchy patches of psoriasis, sunburned skin patches, and eczema.

Due to these advantages, adoption of oil is increasing among customers and is anticipated to foresee significant growth in the next few years. According to a survey, the flaxseed oils help to reduce the risk of cancer and cardiovascular diseases. This oil is produced by cold pressing method and is helpful and safe for both humans and animals. For instance, in 2017, ADM launched a new product called Onavita flaxseed oil, which contains omega 3 and helps to prevent different skin diseases.

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Asia Pacific emerged as the largest regional market in 2018. It is anticipated to witness the fastest growth in the forecast period owing to increasing awareness regarding health benefits associated with the product. Furthermore, over the past few years, increasing application in the bakery and confectionary industry for the preparation of nutritious food products has supported the flaxseeds market growth. In addition, various Asian countries including Kazakhstan, China, and India are the largest producers of flaxseed

U.S. flaxseeds market

Further key findings from the report suggest:

  • By product, ground seeddominated the global flaxseeds market with an overall revenue share of 63.5% in 2018

  • The food application segment was valued at USD 204.5 million in 2018 and is projected to exhibit high growth over the forecast period

  • Asia Pacific dominated the global in 2018, accounting for 37.1% share of the total revenue. This trend is projected to continue over the forecast period. China is the largest consumer due to its growing economy and large population

  • Key market players include TA Foods Ltd.; Richardson International Ltd.; S.S Johnson Seeds; AgMotion Speciality Grains; CanMAr Grain Products Ltd.; Archer Daniels Midland; Cargill Inc.; Simosis International; Stokke Seeds; and Sunnyville Farms Ltd. Company

  • Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

Application Insights

The food segment emerged as the largest segment, accounting for a share of 48.3% in 2018. Linseed is a rich source of various essential amino acids, fats, and proteins owing to which demand for seed is growing in developed countries. U.S. is one of the major consumers of linseed owing to increasing awareness related to health benefits among the consumers. Moreover, increasing use of linseed in energy bars, breakfast cereals, and bakery products is expected to fuel segment growth over the forecast period. In addition, bakery product manufacturers are increasingly using linseed flour in bakery products to increase sensory and nutritional qualities. This, in turn, is expected to provide growth opportunities over the forecast period.

Demand for flaxseed meal is increasing worldwide as it is a rich source of essential antioxidants, minerals, amino acid, and fatty acid, which helps in maintaining low sodium and cholesterol level. Flaxseed is rich in fiber content owing to which it is gaining popularity among weight conscious consumers.

Global flaxseeds market

Flaxseed powder is used in various food products to improve taste and nutritional value. Moreover, it is used as a food preservative. Some of the juices, ice creams, and snacks manufacturers are adding linseed to increase nutrition content of the products. Growing vegan population is expected to fuel demand for flaxseed meal in the bakery industry. Flaxseed meal is used as an egg alternative in bakery products like cookies, muffins, and pancakes, which is expected to have a positive impact on the market growth over the forecast period. 

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Demand for linseed is growing in the animal and pet food industry. Pet food manufacturers are mixing the flaxseed meal to their animal and pet food as it has been proven to be beneficial for horse, cat, and dog health.

Grand View Research has segmented the global flaxseeds market by product, application, and region:

Flaxseeds Product Outlook (Revenue, USD Million, 2015 – 2025)

  • Ground Seed

  • Whole Seed

Flaxseeds Application Outlook (Revenue, USD Million, 2015 – 2025)

  • Food

  • Animal & Pet Food

  • Others

Flaxseeds Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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