Flax Seeds Market Report: Size, Share, and Trends Analysis

The Business Research Company recently released a comprehensive report on the Global Flax Seeds Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The flax seeds market size has grown rapidly in recent years. It will grow from $0.78 billion in 2023 to $0.90 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to growth in governmental and institutional support, rise in vegan and vegetarian diets, growth in health-conscious consumer behavior, rise in organic food consumption, and growth in the number of flax seed-based products.

The flax seeds market size is expected to see rapid growth in the next few years. It will grow to $1.56 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%. The growth in the forecast period can be attributed to rising demand for plant-based foods, growing e-commerce platforms, rising popularity of super foods, rising popularity of super foods, and rising global demand for functional food. Major trends in the forecast period include technological advancements, functional foods, dietary supplements, plant-based diets, and superfoods.

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Market Drivers and Trends:

The rising demand for plant-based foods is expected to propel the growth of the flax seeds market going forward. Plant-based foods are derived from plants such as fruits, vegetables, grains, nuts, seeds, and legumes and are chosen for their nutritional value and eco-friendly benefits. The demand for plant-based foods is driven by health consciousness, environmental concerns, and ethical considerations as consumers increasingly seek healthier, more sustainable, and cruelty-free dietary options. Flax seeds can be seamlessly integrated into various plant-based dishes such as smoothies, baked goods, salads, and dressings, enhancing their nutritional content and making them a favorite ingredient for many plant-based recipes. For instance, in April 2023, according to The Good Food Institute, a US-based nonprofit organization promoting plant- and cell-based products, the US retail market for plant-based foods sales increased from $7.4 billion in 2021 to $8 billion by 2022. Therefore, the rising demand for plant-based foods is driving the growth of the flax seeds market.

The Surge In Health Consciousness Driving Flaxseed Market Growth

The rising health consciousness is expected to propel the growth of the flaxseeds market going forward. Health consciousness refers to an individual's awareness, concern, and proactive attitude toward maintaining or improving their health and well-being. The rising health consciousness is due to increasing awareness about the benefits of proactive health management and the growing prevalence of lifestyle-related diseases. Flaxseed enhances health consciousness by providing a rich source of omega-3 fatty acids, fiber, and antioxidants, which support a well-rounded approach to preventive health and well-being. For instance, in May 2022, according to a survey study among 1,005 American adults aged 18-80 and adult Gen Z consumers ages 18-24 conducted by the International Food Information Council, a US-based non-profit organization, around 52% of the participants followed a specific diet or eating pattern, up from 39% in 2021. Additionally, the top choices were clean eating (16%), mindful eating (14%), and calorie counting (13%). Therefore, the rising health consciousness drives the flaxseeds market.

Major companies operating in the flax seeds market are focused on developing innovative products, such as flex sheet milk, to improve heart health and soothe digestive ailments. Flaxseed milk is a plant-based alternative made from flax seeds, rich in omega-3 fatty acids, fiber, and other nutrients. For instance, in April 2022, Malibu Mylk, a US-based non-dairy beverage company, launched Flax Mylk, the world's first high-fiber milk made from whole, organic flaxseeds. This pioneering non-dairy milk, available in 700 US grocery stores and online, uniquely utilizes whole flaxseeds without straining, thus retaining the full nutritional benefits. This milk is rich in fiber and vegan omega-3 fatty acids, flax mylk is believed to provide health benefits such as reducing inflammation, lowering cholesterol, and supporting digestion. It is allergen-friendly, devoid of gums, oils, and synthetic vitamins, and is naturally sweetened with dates.

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Major Key Players of the Market:

Cargill Incorporated, Archer Daniels Midland Company, WinCo Foods LLC, Glanbia plc, KRBL Limited, Grain Millers Inc., Bob's Red Mill Natural Foods Inc., Linwoods Health Foods Ltd., Healthy Food Ingredients LLC, AgMotion Specialty Grains Inc., Bioriginal Food & Science Corp, Shape Foods Inc., Healthy Oilseeds LLC, Pragati Agribiz Pvt Ltd., TA Foods Limited, CanMar Grain Products Ltd., Simosis International Inc., BTL Herbs and Spices Pvt Ltd., Eastmade Spices and Herbs Pvt Ltd., Gingerly Naturals Pvt Ltd., Global Resource Direct LLC, Satva Industries Pvt Ltd., Waltanna Farms Pty Ltd., Paragon Flax LLC

Flax Seeds Market 2024 Key Insights:

• The flax seeds market size is expected to see rapid growth in the next few years. It will grow to $1.56 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%.
• Flax Seeds Market Growth Driven By Surge In Plant-Based Food Demand
• Innovative High-Fiber Milk A New Solution For Heart Health And Digestion
• North America was the largest region in the flax seeds market in 2023

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