The Asia Pacific Flaxseeds Market would witness market growth of 13.1% CAGR during the forecast period (2023-2030).
The rise of plant-based diets and vegetarianism has boosted the demand for the seeds for healthy fats, plant-based protein, and other essential nutrients. Flaxseeds are a valuable addition to vegan and vegetarian diets. Consumers are increasingly looking for clean-label products free from artificial additives and preservatives. These seeds align with this trend, as they are a natural and minimally processed ingredient. Flaxseeds are naturally gluten- and allergen-free and are suitable for individuals with dietary restrictions and allergies. This has broadened their appeal among health-conscious consumers. Incorporating these seeds into functional foods like energy bars, smoothies, and fortified cereals has driven their adoption as consumers seek foods that offer health benefits beyond basic nutrition.
Companies are exploring using the seeds in plant-based meat alternatives to enhance their nutritional profiles. Flaxseeds can provide texture and omega-3 content, making them a valuable ingredient in the plant-based protein industry. These seeds, when ground or milled, can be used to mimic the texture of ground meat. They absorb moisture and become gel-like, creating a texture reminiscent of ground beef or other animal-based proteins. This textural similarity is crucial for providing consumers with a satisfying and familiar mouthfeel. The seeds are renowned for their high omega-3 fatty acids, specifically alpha-linolenic acid (ALA). Omega-3 fatty acids are important for overall health wellness, and incorporating the seeds into plant-based meats can boost their nutritional profile. Omega-3s are known for their heart-healthy benefits and are often lacking in typical meatless products.
China's food industry has experienced significant growth and transformation over the past few decades. The country's large and increasingly affluent population, changing consumer preferences, and government policies have all contributed to the expansion of the food industry. Moreover, in India, organic farming is extensively prevalent owing to the large number of farmers in the country. As the organic farming sector grows, there is an increasing focus on organic, non-GMO, and chemical-free products, driving demand for organic Flaxseeds. Additionally, with globalization and e-commerce, consumers in Asia Pacific have easier access to organic products, including Flaxseeds, from different parts of the world, further driving demand. Therefore, these factors will help expand the market in the Asia Pacific region.
The China market dominated the Asia Pacific Flaxseeds Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $175,254.2 Thousand by 2030. The Japan market is registering a CAGR of 12.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 13.7% during (2023 - 2030).
Based on Product, the market is segmented into Ground Seed, and Whole Seed. Based on Application, the market is segmented into Food, Animal & Pet Food, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Flaxseeds Market is Predict to reach $1.7 Billion by 2030, at a CAGR of 12.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cargill, Incorporated, Archer Daniels Midland Company, Richardson International Limited (James Richardson & Sons, Limited), TA Foods Ltd., Johnson Seeds Ltd., AgMotion, Inc., CanMar Foods Ltd., Simosis International and Stokes Seeds
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