Flaxseeds Market Analysis Report By Product, By Application, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global flaxseeds market size was accounted for USD 423.3 million, in 2018. It is estimated to grow at a CAGR of 12.7% from 2019 to 2025. Increasing awareness about health benefits associated with linseed is attributing to the market growth. Various ingredients available in these seeds are protein, omega acids, and essential lignans. The availability of such nutrients helps in reducing the chances of cancer, heart disease, and diabetes.

Flaxseed is sold in several forms such as oil, capsule, seed, tablet, powder, and flour. It is preferred as a nutritional supplement and helps in preventing constipation, diabetics, and cholesterol. These seeds are also rich in antioxidants and omega 3 acid that prevents the growth of cancerous cells. Its consumption can help in avoiding various types of cancer and helps in balancing the hormones.

A study conducted in 2008, on 161 men, eating flaxseed, has resulted in the preventing of prostate cancer, particularly if the men also consumed a diet containing fewer fats. Many studies were conducted on breast cancer avoidance and one study discovered that consumption of flaxseed can decrease the chances of breast cancer. Furthermore, the American Heart Association suggested the consumption of foods rich in fibers, which, in turn, is anticipated to boost the demand for the product over the estimated duration.

Growing application of flaxseed in pet food, bakery products, and animal food has resulted in promoting the linseed demand. Flaxseed flour is extensively used in bakery items across the U.S. to enhance the nutritional qualities of the product. The use of linseed flour increases fiber, folate content, and linoleic acid in muffins and loaves of bread, which is expected to augment the sales of linseed.

Product Insights

Ground flaxseed led the market, occupying a revenue share of 63.5%, in 2018 and is further predicted to maintain its dominance over the estimated duration. Flaxseed is extensively preferred as a dietary supplement, which, in turn, is projected to boost the demand for the product in the upcoming years. Ground flaxseed is also capable of lowering the occurrence of various heart diseases, cancer, and diabetes. Further, these seeds are enriched in omega 3 and omega 6 fats, thereby, helping in enhancing body functionality and regulating hormones. Flaxseed oil contains various nutritious properties and it is capable of reducing cholesterol, controlling blood pressure, and constipation apart from improving hair growth.

As per a survey conducted by the American Journal of Clinical Nutrition, these seeds can lower cholesterol, especially in postmenopausal women. These are also rich in proteins and amino acids, which help in preventing allergies. Additionally, ground flaxseeds consumption can help in lowering depression and enhancing nerve functions. All these factors are projected to bode well for the growth of the flaxseeds market from 2019 to 2025.

Application Insights

The food application segment led the flax seeds market by holding a 48.3% market share in 2018. Linseed is rich in various nutrients due to which its demand is rising in developed nations. The U.S. is the leading consumer in the market owing to the growing awareness about several health benefits from the consumption of linseed. Further, linseed is extensively used in bakery products, energy bars, and breakfast cereals. Manufacturers of bakery products are increasingly using linseed to bolster the nutritional and sensory properties of the product. These factors are projected to supplement the growth of the segment from 2019 to 2025.

Flaxseed is gaining wide acceptance due to its various nutritional qualities such as richness in proteins, minerals, amino acids, and fats. Weight-conscious people are the leading customers of flaxseed as it is a good source of fiber.

The growing application of flaxseed powder in various dishes, to enhance the nutritional quality and taste along with working as preservatives, is supplementing its demand. Few manufacturers are mixing linseed in snacks, ice-creams, and juices to increase the nutritional value. An increasing vegan population is predicted to boost the demand for flaxseed meals. Flaxseeds are also widely used as substitutes for eggs in the production of bakery items such as pancakes, cookies, and muffins. These factors are projected to fuel the demand for flaxseed over the estimated period.

Pet and animal food industry also prefers the use of linseeds. These flaxseeds are mixed with various pet foods to improve the nutritional value, thereby, attributing to the segment growth.

Regional Insights

The Asia Pacific led the market, occupying 37.1% revenue share, in 2018. The region is further predicted to foresee substantial growth from 2019 to 2025. The Asia Pacific is also a leading manufacturer and exporter of flaxseeds across the globe. On account of the rising demand for flaxseeds from various developed and developing nations, the export is anticipated to witness a significant rise over the forecast years.

Linseed is widely used as a supplement in pet food. China is the leading consumer of animal and pet food, occupying a considerable share in the market. This scenario is expected to supplement the demand for linseed in China in the coming years. Kazakhstan manufactured 683,338 tons of linseed in 2017, thereby, holding the leading position in exports of flaxseed worldwide. The growing application of these seeds in food and other segment is also expected to proliferate the sales of linseed. The manufacturers in the Asia Pacific are increasingly importing organic seeds from Argentina and European countries due to the rising demand for organic food worldwide.

Flaxseeds Market Share Insights

Leading players in this industry include Simosis International, TA Foods Ltd., S.S Johnson Seeds, Sunnyville Farms Ltd., CanMAr Grain Products Ltd., Richardson International Ltd., Stokke Seeds, and AgMotion Speciality Grains. Most of the key players in the market are based in Europe and North America. However, many companies are spending in the Asia Pacific to expand their market penetration.  

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global flaxseeds market report based on product, application, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Ground Seed
    • Whole Seed

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Food
    • Animal & Pet Food
    • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
    • the Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East & Africa