Flax Protein Market Size, Trends, Volume, Demand, Analysis, Forecast Report 2023-2030

Flax Protein Market Size

The Global Flax Protein Market reached USD 32.1 billion in 2022 and is expected to reach USD 47.7 billion by 2030, growing with a CAGR of 5.1% during the forecast period 2023-2030.

Flax is an oilseed crop that has been grown for generations. Flax seeds are now gaining popularity as a functional dietary component high in -linolenic acid, soluble polysaccharide mucilage, and mammalian lignin precursors.
Although flaxseed contains around 22% protein, which is composed of nutritionally balanced quantities of amino acids and may produce physiologically helpful bioactive peptides during digestion, it is underrated as a protein source. Flaxseed oil extraction yields protein-rich, deoiled flaxseed meal, which is generally utilized in animal feed or fertilizer and, to a lesser degree, in food compositions.

The global trend toward plant-based diets, fueled by health, environmental, and ethical concerns, has raised demand for plant-based protein sources dramatically. Flax protein, being a high-quality, complete protein containing all necessary amino acids, has emerged as a viable choice in this market.

Flax Protein Market Dynamics

The increasing vegan and vegetarian population will drive global market trends.
The global acceptance of plant-based diets has been continuously increasing. According to the Vegan Society, there are presently over 9.7 million vegans in the United States, while 2% of Americans are vegetarians. Other places of the globe have seen a similar trend. Plant-based diets have been shown to have several health and environmental advantages, according to a rising amount of research and media interest. Concerns about animal cruelty, climate change, and sustainable food production have prompted an increase in interest in plant-based alternatives, such as flax protein.

Consumer tastes are evolving toward healthier and more environmentally friendly food options. According to the Plant Based Foods Association, 57% of all U.S. families (about 71 million homes) bought plant-based foods in 2020, up from 53% in 2019. In 2020, the entire value of the plant-based market was $7 billion.

Market Segmentation

The global Flax Protein Market can be segmented by nature, source, application, and distribution channel.

By Nature

• Organic
• Conventional

By Source

• Golden Flaxseed
• Brown Flaxseed

By Application

• Food Processing
• Animal Feed
• Nutraceuticals
• Sports Nutrition
• Personal Care Products
• Infant Nutrition
• Others

By Distribution Channel

• Supermarket/Hypermarket
• Specialty Stores
• Convenience Stores
• Online Sales
• Others

Recent Industry News

• In July 2023, DSM and Firmenich announced that they have entered into a business combination agreement to establish the leading creation and innovation partner in nutrition, beauty and well-being. The combination will bring together Firmenich's unique leading Perfumery and Taste businesses, its world-class science platforms and associated co-creation capabilities with DSM's outstanding Health and Nutrition portfolio and renowned scientific expertise.
• In December 2022, Nutrilitius, an online platform that offers the best quality nuts and dry fruits in India, has expanded its product portfolio foraying into nutraceuticals. The range of nutraceutical products has been formulated to promote good health and immunity.

Major Companies Covered

The major global players in the flax protein market include Glanbia, Organica Vita Ltd., Clearspring Ltd., THINKITDRINKIT, Quadra Vita Ltd, Austrade Inc., Omega Protein Corporation, Natunola, Leader Foods OY, and All Organic Treasures GmbH.

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