Datetime: 2025-04-18 05:40:22 Visit: 5284
Flaxseed Consumer Market
The flaxseed market is expected to grow at a growth rate of 5.80% during the forecast period 2021 to 2028 and is expected to reach USD 0.0020 Mn by 2028. Rising awareness regarding the health benefits of flaxseed will be a driving factor for the flaxseed market growth.
Flax seeds, also known as linseeds, are rich in nutrients such as vitamin B1, dietary fiber, magnesium, zinc, lignans, and essential fatty acids. Flax seeds are well known for their culinary uses and health benefits. Flaxseed oil is an edible oil that has been used for thousands of years. It has been one of the most popular edible oils worldwide.
The major factors expected to drive the growth of the flaxseed market during the forecast period are the growing awareness about the health benefits of flaxseeds such as aiding in weight loss, affecting systolic and diastolic blood pressure, improving hair density and length, etc. Furthermore, the growing demand for flaxseeds for animal feed owing to its high nutritional value and easy availability, the growing trend of veganism and vegetarianism, and the fact that flaxseeds are a cheap alternative to chia seeds and quinoa seeds are further expected to drive the growth of the flaxseed market.
Furthermore, the growing demand for flaxseeds in developed and developing countries, the increasing need for high-quality protein ingredient foods, and population growth are some other factors that are further slowing down the growth of the flaxseeds market. In addition, the growing demand for ready-to-eat products and the increase in disposable income of middle-income households in developed countries are further boosting the growth of the flaxseeds market. However, excessive consumption of flaxseeds can have toxic side effects on the body and the crop is highly susceptible to pests and weeds, which are factors that are hampering the growth of the flaxseeds market in the near future.
North America dominates the flaxseed market due to the growing demand for flaxseed and its derivatives. The flaxseed market in Asia Pacific is expected to witness substantial growth owing to consumer awareness regarding the various health benefits of flaxseed such as its anti-cancer and anti-obesity properties and its ability to aid the digestive system. Furthermore, the growing demand from developed and developing countries is expected to further drive the growth of the flaxseed market in the coming years.
