Flax Seeds Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Flax Seed Market is segmented by Geography ( North America, Europe, Asia-Pacific, South America, Middle East & Africa). The report includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis

Market Snapshot

Flax Seeds Market Overview
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 11.8 %
Flax Seeds Market Major Players

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Market Overview

The Flax Seed Market is projected to register a CAGR of 11.8% over the forecast period (2021-2026). During Covid-19, there has been a huge surge of demand for Flaxseed because of the increasing health awareness among consumers. There have been disruptions in the supply chain and a shortage of seeds during the pandemic outbreak. The sudden increase in demand has made it difficult for the producers to meet the demand due to the unavailability of agricultural inputs. Thus, the COVID-19 had a significant impact on the flaxseed market. In the global market, flax seeds can be used for crushing, which results in oil and flax meal production. It can be also used in the form of whole seeds, roasted, seeds sprouted, and grounded seeds. This flaxseed oil and meal are used in the production of human and animal food products. Flax oil is widely used in the industry for linoleum production, varnish, and ink production. Increasing consumer preference for healthy diets, increasing usage in animal feed and for industrial uses, and the fact that flaxseeds are a cheaper alternative to chia seeds and quinoa seeds are the factors expected to drive the market. The increasing risks of side effects of flaxseed consumption and the high susceptibility of the crop to pests and weeds are expected to restrain the market growth. Kazakhstan is the world's leading producer of flaxseed, closely followed by Russia, Canada, and China.

Scope of the Report

The nutritionally enriched flaxseeds are utilized for both human consumption and as animal feed. The flax varieties grown for human consumption and as animal feed are different from the flax varieties (linseed) grown for industrial purposes. The Flax Seed Market is segmented by Geography ( North America, Europe, Asia-Pacific, South America, Middle East & Africa). The report includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis

Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Russia
Spain
Asia Pacific
Kazakhstan
China
Japan
India
South Korea
South America
Brazil
Argentina
Middle East and Africa
South Africa
Saudi Arabia
United Arab Emirates
Egypt

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Key Market Trends

Growing Popularity of Super Foods Driving the Market

The popularity of “Super” ingredients has increased significantly over the recent past, with product launches, as consumers are more inclined toward natural and wholesome ingredients. These products have superior nutritional value as they are rich sources of polyphenols, anti-oxidants, vitamins, and minerals. The market is driven by consumer preference toward functional and health-based naturally derived products. Flax seeds are readily available in grocery stores because they have a high demand around the world. A key factor in the sale of “superfoods”, including flax seeds’ availability, may be the accessibility of supermarkets, as compared to traditional grocery stores and convenience stores.

Flax Seeds Market Key Trends

Asia Pacific Leads Global Flax Seed Production

Asia-Pacific is the largest flax seed-producing region in the world. China, India, Australia, Kazakhstan, and Iraq are the major producers and consumers of flax seeds in Asia-Pacific. Among these countries, China and India are the markets with the highest potential for growth in consumption. In Asia-Pacific, flax seeds are consumed as whole grains, as well as being used to extract flaxseed oil. This market is growing because of consumer awareness about the numerous health benefits of flax seeds, such as their anti-cancer and anti-obesity properties, their ability to aid the digestive system, its role as a weight loss promoter and as a hormone balancer, and its high Omega-3 fatty acid content. Flaxseed oil is largely consumed for low cholesterol and as a cure for blood pressure in human beings.

Flax Seeds Market Growth Rate

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

  5. 5. MARKET SEGMENTATION (Production Analysis, Consumption Analysis by Value & Volume, Import Analysis by Value & Volume, Export Analysis by Value & Volume and Price Trend Analysis)

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 United States

        2. 5.1.1.2 Canada

        3. 5.1.1.3 Mexico

      2. 5.1.2 Europe

        1. 5.1.2.1 Germany

        2. 5.1.2.2 United Kingdom

        3. 5.1.2.3 France

        4. 5.1.2.4 Russia

        5. 5.1.2.5 Spain

      3. 5.1.3 Asia Pacific

        1. 5.1.3.1 Kazakhstan

        2. 5.1.3.2 China

        3. 5.1.3.3 Japan

        4. 5.1.3.4 India

        5. 5.1.3.5 South Korea

      4. 5.1.4 South America

        1. 5.1.4.1 Brazil

        2. 5.1.4.2 Argentina

      5. 5.1.5 Middle East and Africa

        1. 5.1.5.1 South Africa

        2. 5.1.5.2 Saudi Arabia

        3. 5.1.5.3 United Arab Emirates

        4. 5.1.5.4 Egypt

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

  7. 7. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

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Frequently Asked Questions

The Flax Seeds Market market is studied from 2016 - 2026.

The Flax Seeds Market is growing at a CAGR of 11.8% over the next 5 years.

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