Flaxseeds Market Size, Share, Growth, Price Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
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.
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.
Further key
findings from the report suggest:
- By product,
ground seed dominated 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.
Access
full research report on global flaxseeds market:
www.grandviewresearch.com/industry-analysis/flaxseeds-market
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Created on Dec 31st 2019 05:07. Viewed 352 times.