Global Flax Protein Powder Market Size, Trends, Overview and Analysis, Future & Forecast Until 2027|expanding at a CAGR of nearly 8.1%

Due to a rise in the need for specialty ingredients on a global basis, the flax protein powder market has expanded. By 2018, it is anticipated to reach $1 billion, and it will grow at an outstanding CAGR of 7.3% through 2028. In the upcoming years, it is anticipated that the global protein hydrolysate ingredients market would grow due to rising consumer interest in specialised nutrition and expanded application options for protein hydrolysate components, notably in the food industry.

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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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The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

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