NEW
YORK, July 16, 2024 /PRNewswire/ -- The global
flax seeds market size is estimated to grow by
USD 1.50 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of over 15.42% during the forecast
period. Growing awareness about health benefits of
flaxseeds is driving market growth, with a trend
towards wide reach through organized retailing.
However, fluctuating prices of flaxseeds and product recall
poses a challenge. Key market players include AgMotion Inc.,
Archer Daniels Midland Co., Bioriginal Food and Science Corp.,
Bradley Caldwell Inc., BTL Herbs and Spices Pvt. Ltd., CanMar Foods
Ltd., Eastmade Spices and Herbs Pvt. Ltd., Gingerly Naturals P.
Ltd., Global Resource Direct LLC, Grain Millers Inc., Healthy Food
Ingredients LLC, Howe Seeds, KRBL Ltd., Linwoods Health Foods,
Merck KGaA, Mother Herbs P Ltd., Mr Fothergills Seeds Ltd., Pragati
Agribiz Pvt. Ltd., Satva Industries, and TA Foods Ltd..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (Food and
beverages, Animal food, and Others), Product (Ground flax seeds and
Whole flax seeds), and Geography (APAC, North America, Europe,
South America, and Middle East and Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
AgMotion Inc., Archer
Daniels Midland Co., Bioriginal Food and Science Corp., Bradley
Caldwell Inc., BTL Herbs and Spices Pvt. Ltd., CanMar Foods Ltd.,
Eastmade Spices and Herbs Pvt. Ltd., Gingerly Naturals P. Ltd.,
Global Resource Direct LLC, Grain Millers Inc., Healthy Food
Ingredients LLC, Howe Seeds, KRBL Ltd., Linwoods Health Foods,
Merck KGaA, Mother Herbs P Ltd., Mr Fothergills Seeds Ltd., Pragati
Agribiz Pvt. Ltd., Satva Industries, and TA Foods Ltd.
|
Key Market Trends Fueling Growth
Organized retailers, including supermarkets and hypermarkets,
have become a significant distribution channel for superfoods like
flax seeds. The rise in population and urbanization, particularly
in countries like India,
Brazil, Chile, and Peru, have fueled the growth of supermarkets
as a primary destination for nutritous and affordable food. In
India, major retailers like
Reliance Fresh, Aditya Birla Retail, Food World, and Spencer's
supply fresh foods. The COVID-19 pandemic has led to changes in
consumer behavior, with a surge in online shopping and
click-and-collect models. Retailers are investing in omnichannel
offerings to retain customers and attract new ones. For instance,
JD opened its first omnichannel supermarket, SEVEN FRESH, in
Shenzhen, China, in April 2021. The wide reach of organized retailing
is a major trend driving the growth of the global flax seeds
market.
Flax seeds are trending in the nutrition-rich products market
due to their high nutrient value. They contain essential omega-3
fatty acids, fiber, protein, phosphorus, potassium, and
antioxidants. The seeds are used in various applications, including
oil, whole form, and as a powder. In the food industry, flax seeds
find use in bakery products, pancakes, and breakfast cereals. The
vegan population is driving demand for flax seeds as a source of
protein and amino acids. However, potential adverse health effects
such as bowel obstructions and sodium content require careful
consideration. Flax seeds are also used in animal feed and pet
food. The bakery industry and tablet manufacturers use flax seeds
for their texture and blood thinning properties. Despite these
benefits, it is essential to note that excessive consumption may
lead to toxicity. Flax seeds are also rich in calcium and may help
lower blood pressure and reduce the risk of stroke and
cancer.
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Market Challenges
- The flax seeds market has experienced a significant increase in
raw material costs due to the supply-demand gap in recent years.
This price hike not only raises manufacturing costs but also
decreases profit margins for vendors, compelling them to explore
cheaper alternatives. Suppliers hold the power to set competitive
and varying prices for raw materials. For instance, US flax seed
prices jumped from around USD8.0/bushel (bsh) in September 2020 to nearly USD20/bsh in May
2021. Manufacturers often source raw materials from third
parties, making proper handling crucial to ensure product safety
and quality. Food regulatory authorities can shut down businesses
and recall products if they pose health risks, negatively impacting
brand image and operations. Manufacturing and packaging defects
further hinder market growth.
- The Flaxseeds market is witnessing significant growth due to
increasing consumer inclination towards functional foods and their
health benefits. These seeds are rich in fiber, essential amino
acids, and healthy fats, including omega-3 fatty acids. They are
also a good source of minerals like magnesium. In human
consumption, flaxseeds find applications in various forms, such as
whole seeds, meal, oil, and powder. They are used as an egg
alternative in baked goods like cakes, muffins, and cookies.
Flaxseeds are also used as a food preservative and in the
production of industrial flax seed oil. Additionally, they are used
in animal feed for horses and cats. However, challenges like high
carbohydrate content and potential interaction with certain
medications, such as cholesterol-lowering drugs, can limit their
usage in some food products like confectionery and ice creams.
Flaxseeds are also used to manage diseases like diabetes, heart
diseases, depression, and even promote hair growth. Flaxseed meal
and flaxseed oil are popular functional ingredients in energy bars
and juices. Linseed, another name for flaxseed, is used in the
production of functional foods and as a food additive in various
industries.
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Segment Overview
This flax seeds market report extensively covers market
segmentation by
- Application
- 1.1 Food and beverages
- 1.2 Animal food
- 1.3 Others
- Product
- 2.1 Ground flax seeds
- 2.2 Whole flax seeds
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Food and beverages- The global flax seeds
market is projected to witness significant growth in the food and
beverage segment during the forecast period. Flax seeds are
increasingly being used as a functional ingredient in various food
and beverage applications due to their nutritional benefits. In
addition to being consumed as a raw seed snack, flax seeds are
widely utilized in the food industry as an additive in juices,
pasta, smoothies, yogurt, cereals, salads, and sports nutrition
products. Flaxseed powder can be added to fresh foods as a food
additive, sprinkled on cold and hot cereals to enhance taste, and
used as a food preservative. It is also added to ice creams,
juices, and snacks to increase nutritional value. In baked goods,
flax seeds improve texture quality, and their addition increases
fermentation and proof times, necessitating a corresponding
increase in yeast levels. Flax seeds are used in bread products,
bagels, bran muffins, cracked wheat hoagies, oatmeal bread, and
chocolate chip cookies. They can also be used to prepare gelatinous
foods such as porridge and puddings, added to baked goods such as
bread, cereals, and crackers, and topped on salads, soups, and
yogurts. Flax seeds can be mixed with liquids to create healthy
drinks for athletes, address inflammation, and provide protein for
muscle recovery. The mucilaginous aspect of the seed in a liquid
makes it a healthy substitute for certain oils or eggs in cooking
recipes or salad dressings. The food and beverage segment's growth
is attributed to the global trend towards healthy eating and the
functional benefits of flax seeds.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
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Global Pumpkin Seeds Market: The global pumpkin seeds market is
experiencing significant growth due to rising health consciousness
and demand for nutritious snacks. Key players are focusing on
innovative product offerings and expanding their distribution
networks. Increasing use in culinary applications and dietary
supplements further drives market expansion.
Global Caraway Seeds Market: The global caraway seeds market is
growing steadily, driven by their use in culinary, medicinal, and
industrial applications. Increasing awareness of health benefits,
such as digestive aid and antioxidant properties, boosts demand.
Major players are enhancing their product portfolios and market
presence.
Research Analysis
Flaxseeds, also known as linseeds, are a popular edible crop
rich in essential nutrients. They come in the form of whole seeds,
flaxseed oil, and flax meal. Flaxseeds are a valuable source of
omega-3 fatty acids, protein, fiber, and various minerals like
calcium. Omega-3 fatty acids, particularly alpha-linolenic acid,
are important for heart health, reducing inflammation, and aiding
in brain development. Flaxseed oil is used for cooking and as a
dietary supplement, while flax meal is used in baking and as an
animal feed ingredient. Quinoa seeds are sometimes erroneously
called flaxseeds due to their similar appearance, but they are a
different crop. Flaxseeds are also used in industrial applications,
such as in the production of linoleum and oil paints. The seeds are
rich in antioxidants, which help prevent oxidative damage to cells,
and have been linked to reduced risk of chronic diseases like
diabetes, cancer, and heart diseases. Flaxseed powder is a
convenient way to add these nutrients to various food products.
Market Research Overview
Flax seeds, also known as linseeds, are a rich source of
essential nutrients, including omega-3 fatty acids, fiber, protein,
and various minerals like magnesium, phosphorus, and potassium.
These tiny seeds are increasingly popular in human consumption due
to their numerous health benefits. They are known to help lower
cholesterol levels, reduce inflammation, and improve heart and
nerve functions. Flax seeds are also used as functional ingredients
in various food products, including bakery items, breakfast
cereals, energy bars, and snacks. The seeds are also used in animal
feed and as a food preservative. However, excessive consumption of
flax seeds may cause adverse health effects such as bowel
obstructions and blood thinning, which may increase the risk of
stroke and hemorrhage. Flax seeds come in various forms, including
whole seeds, flax meal, flaxseed oil, and flaxseed powder, and are
used in various applications, from baking to making capsules and
tablets. The seeds are also used as an egg alternative and in the
production of healthy oils, such as flaxseed oil. Additionally,
flax seeds are rich in antioxidants, fiber, and essential amino
acids, making them a popular choice for nutrition-rich products.
The seeds are also used in the production of functional food, such
as ice creams, juices, and muffins. Flax seeds are also used in pet
food and horse feed due to their nutritional benefits. However, it
is essential to note that flax seeds may have toxicity issues if
not stored properly or consumed in large quantities. Overall, flax
seeds are a versatile and nutritious ingredient that offers
numerous health benefits when consumed in moderation.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Food And Beverages
- Animal Food
- Others
- Product
-
- Ground Flax Seeds
- Whole Flax Seeds
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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