Linseed Market - Forecast(2024 - 2030)
Linseed Market size is estimated to reach $1.5 billion by 2027, growing at a CAGR of 3.2% during the forecast period 2022-2027. Linseeds are also demarcated as flax seeds and are delineated as oil seeds fabricated from flowering plants that belong to the Linaceae crop family. Linseeds are consumed commonly in their ground and oil from throughout the globe. Owing to their health benefits they are also be called functional food. These seeds are recognized for their antioxidant and fiber-rich nature; consequently, they are extensively used as dietary supplements nowadays. Also, polyunsaturated fatty acids like linolenic acid, oleic acid, omega-3, and others have their staggering presence in flax seeds that extends them various disease-fighting properties. For instance, linseeds have applications like reducing cholesterol levels, preventing free-radical attacks, anti-cancer properties, preventing diabetes through blood sugar management. Additionally, they are taken into account as salad dressings. On another hand, owing to its water-resistant property linseed oil is used as a mineral oil alternative to give a finish to wood products such as furniture. The Linseed Market outlook is fairly fascinating because of augmenting demand for superfoods. Furthermore, growing disposable incomes, augmenting prevalence of acute and chronic maladies, expanding health attentiveness among people are factors set to drive the growth of the Linseed Market for the period 2022-2027.
Report Coverage
The report: “Linseed Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Linseed Market.
By Product Form: Whole, Powder, Oil, Tablets, and Capsules.
By Application: Foods, Pharmaceutical, Cosmetics, Animal feeds, Linen manufacturing, Paints and Varnishes, and Others.
By Distribution Channel: Offline and Online.
By End User: Industries (Food Industry, Pharmaceutical Industry, Furniture Industry, and Others) and Households.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of World (the Middle East and Africa).
Key Takeaways
- Geographically, North America Linseed Market accounted for the highest revenue share in 2021. The growth is owing to the widespread production and consumption of flax seeds/linseeds. Furthermore, Asia-Pacific is poised to dominate the market over the period 2022-2027.
- Proliferating usage in linen manufacturing, tons of health benefits, and growing demand for fiber and protein-rich foods are said to be preeminent drivers driving the growth of the Linseed Market. Intensifying climatic abnormalities and poor demand and supply chain because of growing restrictions in the wake of virus mutations are said to reduce the market growth.
- Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Linseed Market report.
Linseed Market Industry Outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the aforementioned Market. Linseed top 10 companies include:
- Archer Daniels Midland
- Linwoods Health Foods
- CanMar Foods
- Zeghers
- AgMotion Inc
- Cargill
- Richardson International
- Stokke Seeds
- Bioriginal Food & Science Co
- TA Foods
Recent Developments
- On November 2, 2021, Illinois, United States-based Archer Daniels Midland (a company recognized for its agriculture and processing) announced the successful acquisition of Kennesaw, Georgia-based dietary supplement company “Deerland Probiotics & Enzymes.” The financials of the transaction were kept undisclosed. Also, the acquisition has strengthened the solutions and ingredient portfolio of ADM.
- On August 11, 2021, Winnipeg, Canada-based well-known agriculture and food company “Richardson International” publicized that it has successfully acquired Canada-based company “Control Chemical Corporation” which is known for its vegetable oil lubricants. Richardson was already a stakeholder in Control Chemical but this transaction has extended complete ownership to the company.
- On April 8, 2021, Richardson Oilseeds (a subsidiary of Canadian grain manufacturing and processing company Richardson International) announced the successful acquisition of Missouri, United States-based company “Italgrani USA” for a hidden price. The acquisition has strengthened Richardson’s diversification prospects and presence in Latin America.
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