Flax Seeds Market Research Report

 Flax Seeds — Market Size

The global market for Flax Seeds was estimated to be worth US$ 1470 million in 2023 and is forecast to a readjusted size of US$ 2615.9 million by 2030 with a CAGR of 8.1% during the forecast period 2024–2030.

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North American market for Flax Seeds was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

Asia-Pacific market for Flax Seeds was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

1. Increasing Consumer Awareness of Health Benefits:

• Reason: Flax seeds are rich in essential nutrients, including omega-3 fatty acids, fiber, protein, and lignans, which have numerous health benefits.
• Impact: Growing awareness of the benefits of flax seeds, such as improved digestion, heart health, weight management, and reducing the risk of certain cancers, is driving demand. Consumers are increasingly incorporating flax seeds into their diets as a natural health supplement.

2. Rising Demand for Plant-Based Foods:

• Reason: The shift toward plant-based diets, driven by ethical concerns, sustainability, and health reasons, is boosting demand for flax seeds as a plant-based source of omega-3 fatty acids and protein.
• Impact: Flax seeds are gaining popularity among vegetarians, vegans, and flexitarians, who are looking for alternative sources of essential nutrients commonly found in animal products, such as fish oil.
• Reason: With the rise in gluten-free diets and awareness of the importance of dietary fiber, flax seeds are gaining popularity as a gluten-free and high-fiber option.
• Impact: Flax seeds are used as a fiber-rich ingredient in gluten-free baking and food products, providing texture and nutritional benefits without gluten. Their high fiber content also aids in digestion and helps regulate blood sugar levels.

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Europe market for Flax Seeds was valued at $ million in 2023 and will reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

The global key companies of Flax Seeds include Archer Daniels Midland, Cargill, AgMotion, Johnson Seeds, Linwoods Health Foods, CanMar Grain Products, Dicks’ Seed, Farmers Elevator and Grain Millers, etc. In 2023, the global five largest players hold a share approximately % in terms of revenue.

The Flax Seeds market size, estimations, and forecasts are provided in terms of sales volume (MT) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Flax Seeds.

By Type
• Gold Flax Seed
• Ordinary Flax Seed

By Application
• Animal Food
• Food and Beverages

Key Companies
Archer Daniels Midland, Cargill, AgMotion, Johnson Seeds, Linwoods Health Foods, CanMar Grain Products, Dicks’ Seed, Farmers Elevator, Grain Millers, Healthy Food Ingredients, Healthy Oilseeds, Bioriginal Food & Science Corporation

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