Market Size of Flaxseeds Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.89 Billion |
| Market Size (2029) | USD 1.54 Billion |
| CAGR (2024 - 2029) | 11.57 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
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Flax Seed Market Analysis
The Flaxseeds Market size is estimated at USD 0.89 billion in 2024, and is expected to reach USD 1.54 billion by 2029, growing at a CAGR of 11.57% during the forecast period (2024-2029).
- Flax seed or linseed is an annual herbaceous crop grown in the excellent season. In recent years, flax seed has gained popularity worldwide due to its fantastic health benefits and commercial usage. Besides its usage for edible purposes such as food and oil, flax seed is also being used in textile industries over the past few years. In the global market, flaxseeds can be used for crushing, which results in oil and flax meal production. It can also be used in the form of whole seeds, roasted, sprouted, and grounded seeds.
- Flaxseed oil and meal are used to produce human and animal food products. Flax oil is widely used in the industry for linoleum production, varnish, and ink production. As a result, Flax seeds are grown worldwide in different climate zones and countries due to their high demand and domestic and international markets.
- Kazakhstan, Russia, Canada, China, India, the United Kingdom, and the United States are some of the leading countries in global flax seed production. Furthermore, flaxseeds are a cheaper alternative to chia seeds and quinoa seeds for animal feed and industrial purposes, increasing global production. Therefore, the increasing usage of flax seeds due to their health benefits and use in industrial purposes driving global production are some of the factors anticipated to drive the flax seed market in coming years.
