Press release
Flax Protein Market Insights - Opportunities, Trends & United Stateds Leading The Key Players are Quadra Vita Ltd, Austrade Inc., Omega Protein Corporation, Natunola, Leader Foods OY
Flax Protein Market
According to the Plant Based Foods Association, 57% of U.S. households (over 71 million) purchased plant-based foods in 2020, up from 53% in 2019, with the market valued at $7 billion.
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AmeriFlax's Board of Directors welcomed the USDA Risk Management Agency's announcement of an Additional Price Election for flax at $17.75 per bushel for the 2022 crop season. Flax protein is increasingly being used by major food and beverage companies in products like plant-based milk, meat alternatives, energy bars, and smoothies, boosting its market presence.
Key Players:
Glanbia, Organica Vita Ltd., Clearspring Ltd., THINKITDRINKIT, Quadra Vita Ltd, Austrade Inc., Omega Protein Corporation, Natunola, Leader Foods OY, and All Organic Treasures GmbH.
Industry Developments
In July 2023, DSM and Firmenich announced a business combination agreement to create a leading partner in nutrition, beauty, and well-being innovation. This collaboration will merge Firmenich's renowned Perfumery and Taste businesses, advanced science platforms, and co-creation capabilities with DSM's exceptional Health and Nutrition portfolio and esteemed scientific expertise.
Growth Forecast Projected:
The Global Flax Protein Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Flax Protein Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
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)
Regional Analysis for Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among Flax Protein producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze Flax Protein revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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FAQ's
Q1: What is the current size of the Flax Protein Market?
A: The Flax Protein Market stood at USD 32.1 billion in 2022 and is set to experience remarkable growth, reaching USD 47.7 billion by 2030
Q2: How fast is the Flax Protein Market growing?
A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 5.1% from 2025 to 2032
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