Global Flaxseeds Market Size to Worth USD 2473.10 Million by 2033: Forecast Analysis Report

Global Flaxseeds Market Size to Worth USD 2473.10 Million by 2033

According to a research report published by Spherical Insights & Consulting, The Global Flaxseeds Market Size is Estimated to Grow from USD 820.49 Million in 2023 to USD 2473.10 Million by 2033, Growing at a CAGR of 11.66% during the forecast period 2023-2033.

Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Flaxseeds Market Size, Share, and COVID-19 Impact Analysis, By Product (Whole Flax Seeds, Ground Flax Seeds, and Others), By Application (Pet Food, Food, and Others), By Distribution Channel (Business-to-Business and Business-to-Consumer), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

The market for flax plant seeds, which are used to make food, animal feed, and other goods, is known as the global flax seeds market. Growing awareness of the nutritionally rich contents of flaxseeds and the trend of people adopting more nutritious lifestyles are the main factors propelling this market's expansion. In addition, the advantages of flaxseeds, such as helping with better digestion and reducing cholesterol, also affect urban consumers' demand. The demand for flaxseeds is rising globally due to a growing preference for consuming different food products and portions that offer essential levels of antioxidants, Omega-3 fatty acids, phytochemicals, minerals, vitamins, and fiber. Flaxseeds are also preferred in regular meals by those who are trying to control their weight. Households are using flaxseeds more frequently as a result of their effectiveness in helping individuals suffering from high blood pressure, increased LDL cholesterol, infertility, joint discomfort, and stiffness. Flaxseeds are increasingly being used in pet food applications because of their benefits for pets, which include improved skin and coats, aiding in digestion, having a favorable impact on the immune system, and helping pets maintain a healthy weight. However, the lack of knowledge about the health advantages of flaxseeds has limited their sales potential in developing nations.

The ground flax seeds segment held the largest share of 62.13% in 2023 and is expected to grow at a CAGR of 8.5% throughout the projection period.                        

Based on the product, the global flaxseeds market is categorized into whole flax seeds, ground flax seeds, and others. Among these, the ground flax seeds segment held the largest share of 62.13% in 2023 and is expected to grow at a CAGR of 8.5% throughout the projection period. This has been attributed to growing use by commercial purchasers, mainly pet food producers, participants in the cosmetics industry, retail establishments selling packaged flaxseeds, and others. Additionally, manufacturers of bread, energy bars, nutrition bars, vegetarian meal products, cereals, crackers, and other goods frequently include ground flaxseeds. It is frequently advised to regularly consume ground flaxseeds rather than whole ones because they are easier to digest. The demand for this segment is anticipated to be driven by these factors in the upcoming years.        

The food segment dominated the global flaxseeds market in 2023 and is expected to grow at a CAGR of 9.19% throughout the projection period.

Based on the application, the global flaxseeds market is classified into pet food, food, and others. Among these, the food segment dominated the flaxseeds market in 2023 and is expected to grow at a CAGR of 9.19% throughout the projection period. The primary factors driving this market's expansion are the growing demand from health-conscious customers and those looking for help with health benefits related to blood pressure, cholesterol, and other conditions. Furthermore, it is anticipated that the use of flaxseeds as a primary component in products such as cereals, energy or nutrition bars, salad dressings, and others will support the expansion of this market in the years to come.    

The business-to-business system segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the distribution channel, the global flaxseeds market is divided into business-to-business and business-to-consumer. Among these, the business-to-business system segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Owing to factors such as technological improvements, the requirement for effectiveness in operations, and the growing demand for data-driven decision-making, it will probably increase significantly.

Asia Pacific is expected to hold the largest share of the global flaxseeds market through the forecast period.

Asia Pacific is expected to hold the largest share of the global flaxseeds market through the forecast period. Changing consumer preferences, a significant percentage of consumers switching to better diets, and the increasing use of superfoods such as flaxseeds are the primary drivers driving this industry. Another factor influencing this market's expansion is the existence of nations with sizable populations. The use of ground flaxseeds in a variety of retail product compositions, including pet food, cereals, energy bars, and baked goods, has also contributed to the market's expansion.

Europe is predicted to grow at the fastest CAGR of the global flaxseeds market over the forecast period. This market is primarily impacted by factors including the traditional use of flaxseeds in animal feed, their increased availability in supermarkets, and the rise in the number of food products that contain flaxseeds. In addition, increasing understanding of the advantages flaxseeds provide is contributing to this market's expansion. The expansion of this market is anticipated to be driven in the upcoming years by a rising number of conscientious consumers who incorporate functional foods or superfoods into their regular meals.

Company Profiling

Major key players in the global flaxseeds market include RICHARDSON INTERNATIONAL LIMITED, Archer Daniels Midland (ADM), AgMotion, Inc., Cargill Incorporated, TA Foods Ltd., Johnson Seeds, CanMar Foods Ltd., Stokes Seeds, Bioriginal Food & Science Corp, Simosis, and others.

Recent Developments

• In December 2023, Premier flavor and functional ingredient systems developer and manufacturer FDL, established in the UK, has agreed to be acquired by Archer Daniels Midland, a world leader in human and animal nutrition.

• In April 2022, California-based Malibu Mylk, a non-dairy beverage company, introduced its Flax Mylk in the US. Made from whole, organic flax seeds, this product is completely free of allergens. Interestingly, it is manufactured without the use of oils, gums, or artificial vitamins and preserves all of the flaxseed without straining.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the flaxseeds market based on the below-mentioned segments:

Global Flaxseeds Market, By Product

• Whole Flax Seeds
• Ground Flax Seeds
• Others

Global Flaxseeds Market, By Application

• Pet Food
• Food
• Others

Global Flaxseeds Market, By Distribution Channel

• Business-to-Business
• Business-to-Consumer

Global Flaxseeds Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa