The global Flax Seed Meal Market is expected to reach a valuation of USD 10,517.7 million in 2023. The expanding nutritional value and wide range of applications are projected to be the market's primary growth drivers.
The overall sales of flax seed meals are projected to grow at a robust CAGR of 6.2% between 2023 and 2033, totaling around USD 18,613.0 million by the end of 2033.
Attribute | Details |
---|---|
Flax Seed Meal Market Size (2023) | USD 10,517.7 million |
Flax Seed Meal Market Revenue Forecast (2033) | USD 18,613.0 million |
Flax Seed Meal Market Growth Rate (2023 to 2033) | 6.2% CAGR |
North America Market Share | 33.2% |
Flax seed, also known as linseed, is high in nutritional content such as vitamin B1, soluble fiber, magnesium, zinc, lignans, and essential fatty acids. Flax seed meal is the byproduct left over after crushing flax seed for oil.
Flax seed meal is an excellent way to garner much of the nutritive value of flax seed. Grinding flax seed eliminates the outer shell, culminating in a slightly oily powder. Flax seed meal contains nutrients such as lignans and fiber, as well as alpha-linolenic (ALA) and omega-3 fatty acids.
Flax seed meal is easily added to cooked and raw foods as a fat substitute in recipes. Flax seed consumption may protect against breast cancer, lower cholesterol, avoid hot flashes, strengthen blood sugar, and safeguard against radiation.
Flax meal is high in fiber, a reliable source of minerals and vitamins, and low in cholesterol and sodium. Flax seed is high in thread but low in carbs and contains a significant amount of mucilage gum.
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Gluten-containing grains, which are inflammatory, are intuitively replaced by flax seed, which is anti-inflammatory. It is widely used as pet food. Given the numerous perks of flax seeds, global market popularity is expanding at a rapid rate.
The international market usage for flax is growing exponentially, due to higher consumption from the food, pet food, paper, and textile industries, among others. Consumer spending for flax seed meal as a functional food and feed preservative is anticipated to increase rapidly in the coming years.
Flax crop compounds, such as seeds and straw, are used in a variety of applications, including textile fiber and insulation materials. One of the major driving factors for the market is the growing health benefits of flax seed meal products.
Flax seeds are rich in lignans, fiber, and omega-3 fatty acids, which aid in cholesterol and blood sugar control. Flax seed meal products may aid in the prevention of breast and prostate cancer.
Consumption of an unregulated amount of flax seeds can cause negative health consequences in humans as well as toxicity, which is expected to impede the progress of the flax seed industry.
Excess flax seed consumption can induce bowel obstructions and blood thinning (in people suffering from blood disorders), which can further limit the market growth.
Country | United States |
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2022 Value Share in Global Market | 21.2% |
Because of heightened manufacturing share of agricultural goods in countries such as Canada and the United States, North America is expected to witness the lion's share of the global flax seed market.
According to the Agricultural Marketing Resource Center, Canada is the world's largest producer of flax seed. Rising consumer awareness of the nutritional benefits of flax seed is expected to fuel flax seed market development in North America. North America is accounting for a market share of 33.2% of the global flax seed meal market.
The recent focus on food safety issues has raised awareness about the potential safety risks behind what people consume, fueling the demand for transparency and traceability.
This factor is driving the flax seed meal market in North America. Because of increased customer demand for transparent labeling, Zeghers Canada made significant investments in labeling and traceability software.
Country | Japan |
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2022 Value Share in Global Market | 4.6% |
Countries | Value CAGR (2023 to 2033) |
---|---|
China | 11.7% |
India | 3.7% |
Because of the increasing demand and utilization of flax seeds in emerging economies such as India and China, the Asia Pacific is anticipated to expand significantly during the forecast years. The use of powdered flax seed meal is expanding due to consumer awareness and even the impact of Western culture.
Flax seed meal, which is built from flax seed meal oil, is used in animal feed and provides high nutritional value to animals. Flax seed meal used in retail/household is also growing at a 7.7% value CAGR.
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Country | United Kingdom |
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Value CAGR (2023 to 2033) | 5.4% |
Europe procures the majority of its flax seed meal from large producers. Russia, Germany, and the BENELUX countries are among the biggest flax seed meal consumers in Europe, capturing nearly 80% of the market share. Flax seed meal is employed by the nutraceutical industry to manufacture nutritional and functional food products.
Flax seed meal manufacturers in Europe and other regions benefit from the presence of omega-3 fatty acids in flax seed meals and the demand for highly nutritious food products. As a result, Europe has the largest value market share in the global market, accounting for approximately 24.6% of the total.
Flax seed powder is a food additive that is sprinkled on hot and cold cereals to add flavor and is also used as a food preservative. Flax seed meal is added to some juices, ice creams, and snacks to boost their nutritional value.
Flax seed meal is also used in bakery and confectionary products such as bread dough, cookies, bread, energy bars, and pasta, among others.
Flax seed meal is also beneficial for vegan foods because it can be used to replace eggs in baked goods such as pancakes, muffins, and cookies. The growing pet food industry is driving up demand for flax seed meals. Therefore, the food and beverages segment and pet food segment are anticipated to expand rapidly.
Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance,
Some of the leading flax seed meal providers include Natural Foods Bob's Red Mill, Green Fields Oil Factory, Stoney Creek Oil Products Pty Ltd, Waltanna Farms, Linwoods Health Foods, AgMotion Inc., and WinCo Foods.
These key Flax Seed Meal providers are adopting various strategies such as new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc. to increase their sales and gain a competitive edge in the global Flax Seed Meal market. For instance,
The market is valued at USD 10,517.7 million in 2023.
The growth potential of the flax seed meal market is 6.2% CAGR through 2033.
The market is estimated to reach USD 18,613.0 million by 2033.
Increasing cognizance about the benefits of flax seed consumption against breast cancer may propel market growth.
Natural Foods Bob's Red Mill, Green Fields Oil Factory, and Stoney Creek Oil Products Pty Ltd are key flax seed meal market players.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Golden Flax Seed 5.2. Brown Flax Seed 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Food and Beverages 6.2. Food Additives 6.3. Bakery & Confectionery 6.4. Egg Replacement Foods 6.5. Pet Food 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Natural Foods Bob's Red Mill 17.2. Green Fields Oil Factory 17.3. Stoney Creek Oil Products Pty Ltd 17.4. Waltanna Farms 17.5. Linwoods Health Foods 17.6. AgMotion Inc. 17.7. WinCo Foods 17.8. CanMar Foods Ltd. 17.9. Bioriginal Food & Science Corp 17.10. TA Foods Ltd 18. Assumptions & Acronyms Used 19. Research Methodology
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