Global Flaxseed Oil Market Report and Forecast 2024-2032

Global Flaxseed Oil Market Outlook

The global flaxseed oil market is expected to grow at a CAGR of 3% in the forecast period of 2024-2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Growing Utilisation of Flaxseed Oil in Cosmetics and Food Applications to Aid the Growth of the Global Market for Flaxseed Oil

The demand for flaxseed oil for cosmetics and food applications is expected to enhance significantly over the forecast period. This can be attributed to the growing awareness regarding the potential health benefits of flaxseed oil and its versatility. Flaxseed oil is used as a functional food ingredient and has been incorporated into baked foods, dairy products, muffins, dry pasta products, and meat products. Further, the oil can easily be swapped for other types of oil in salad dressings, margarines, dips, and sauces. Besides this, it can also be applied directly to skin to enhance its health and increase moisture content. Thus, these factors are expected to provide enhanced opportunities to the market in the forecast period.

North America to Significantly Contribute to the Growth of the Flaxseed Oil Industry

North America is one of the leading regions in the global market for flaxseed oil and is expected to account for a significant share in the industry over the forecast period. This can be attributed to the easy availability of flaxseed in the region, with Canada and the United States as one of the leading cultivators of flaxseed across the world, coupled with the rising popularity of flaxseed based products among health and beauty conscious consumers. Meanwhile, the Asia Pacific region is expected to witness high demand for the product in both cosmetics and industrial segments due to rapid urbanisation in countries like China and India.

Flaxseed Oil: Market Segmentation

Flaxseed oil, also referred to as flax oil or linseed oil, is produced by pressing the dried, ripened seeds of the flax plant. It appears as a colourless to yellowish liquid. Flaxseed oil is a rich source of essential omega-3 fatty acid, particularly alpha-linolenic acid (ALA). Due to its many health benefits, it is used for various applications, ranging from food to skin care. Further, it also has various industrial uses, such as in paints, for manufacturing other industrial solvents, and others.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

By nature, the market is bifurcated into:

• Organic
• Conventional

The different types of flaxseed oil available in the market are:

• Raw
• Boiled
• Others

Based on distribution channel, the industry can be segmented into:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Store
• Online
• Others

On the basis of application, the industry can be divided into:

• Cosmetics
• Food
• Pharmaceuticals
• Paints and Varnish
• Flooring
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Increasing Health Awareness and the Rising demand for Natural Products to Boost the Demand for Flaxseed Oil

The flaxseed oil industry is being driven by the increasing health awareness among consumers and the rising preference for natural products. The demand for natural and healthy products is increasing at a rapid pace and this is pushing the food and cosmetic manufacturers to adopt flaxseed oil as an active ingredient in various products. Further, the growing urbanisation is expected to create enhanced demand for flaxseed oil for various industrial applications like in paints and varnish. Other factors like the escalating disposable incomes, increasing standards of living, and growing retail sector are also aiding the growth of the industry. Over the forecast period, the growing R&D activities on medicinal benefits of flaxseed oil is expected to significantly contribute to the industry growth.

Key Industry Players in the Global Flaxseed Oil Market

The report gives a detailed analysis of the following key players in the global flaxseed oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Cargill, Incorporated
• Archer Daniels Midland Company
• Shape Foods Inc.
• Bartoline Limited
• Natrol, LLC
• Pharmavite LLC
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

Flaxseed Oil Market Report Snapshots

Flaxseed Oil Market Size

Flaxseed Oil Market Growth

Flaxseed Oil Companies