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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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 Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 3% between 2024 and 2032.
The major drivers of the market, such as the rising disposable incomes, increasing population, increasing health awareness, rising demand for natural products, and rapid industrialisation, are expected to aid the market growth.
The key market trends guiding the growth of the market include the growing investments in research and development activities and the rising awareness about the medicinal benefits of flaxseed oil.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
he various natures of flaxseed oil include organic and conventional.
The significant flaxseed oil types in the market are raw, and boiled, among others.
The major distribution channels of flaxseed oil are supermarkets and hypermarkets, convenience stores, specialty store, and online, among others.
The major applications of flaxseed oil include cosmetics, food, pharmaceuticals, paints and varnish, and flooring, among others.
The key players in the global flaxseed oil market are Cargill, Incorporated, Archer Daniels Midland Company, Shape Foods Inc., Bartoline Limited, Natrol, LLC, and Pharmavite LLC, among others.
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