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Global Flax Protein Powder Market Size, Trends, Overview and Analysis, Future & Forecast Until 2027|expanding at a CAGR of nearly 8.1%
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The conventional flax protein category outpaces the other sectors in terms of volume due to the low costs and broad availability of traditional flax protein and products around the world. Consumers' increasing demand for organic products from both developed and developing countries is credited with driving the rapid expansion of the organic section of the global flax protein market. This is attributable to consumers' better ability to spend, rising disposable income, and rising costs for organic flax protein.
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Flax Protein Market: Segmentation
Flax Protein Market By Nature : Organic, Conventional
Flax Protein Market By Source: Brown Flaxseed, Golden Flaxseed
Flax Protein Market By End Use : Supplements, Energy & Sports Nutrition, Dairy Products, Beverages, Bakery and Confectionaries, Convenience Food, Personal Care Products
Flax Protein Market By Distribution Channel : Business to Business, Supermarkets, e-Commerce, Retail Stores
Flax Protein Market By Region : North America : US, Canada, Latin America : Brazil, Mexico, Rest of LATAM, Asia Pacific : China, India, Australia & New Zealand, ASEAN, Rest of APAC, Europe : EU5, BENELUX, Russia, Rest of Europe, Middle East & Africa : GCC Countries, Egypt, Morocco, South Africa, Rest of MEA
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The global flax protein market can be regionally segmented as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America, closely followed by Europe, currently has the largest market value share, owing to the high demand for fortified food products and functional food.
However, the market in APAC is expected to grow at a rapid pace, exhibiting a healthy CAGR of 8.1%. The rapid growth of flax protein market in APAC can be attributed to the growing demand for functional and fortified food products, as well as the booming sports and energy nutrition sector in prime countries such as China, India, and Japan.
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