The Flaxseed Oil Market is Predict to reach USD 13 Billion by 2031, at a CAGR of 12.5%

Flaxseed Oil Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Flaxseed Oil Market size is expected to reach $13 billion by 2031, rising at a market growth of 12.5% CAGR during the forecast period. In the year 2023, the market attained a volume of 220,418.9 tonnes, experiencing a growth of 14.8% (2020-2023).

The Organic segment is experiencing a CAGR of 13.3% during (2024 - 2031). Organic flaxseed oil appeals to people concerned about their health and the environment because it is produced under strict laws prohibiting synthetic fertilizers and pesticides. The growth of this segment is further propelled by a rising awareness of the benefits of organic products, along with a growing preference for non-GMO and eco-friendly goods. The premium price of organic flaxseed oil is often viewed as justified by its quality and the ethical farming practices involved, attracting a niche market willing to invest in higher-cost options for perceived better health and environmental outcomes.

The Food segment is leading the Global Flaxseed Oil Market by Application in 2023; thereby, achieving a market value of $6.1 billion by 2031. The food segment leads the flaxseed oil market, primarily driven by its rising demand as a functional food ingredient. Flaxseed oil's high content of omega-3 fatty acids, dietary fiber, and antioxidants has led to its increased use in health-conscious products, including salad dressings, smoothies, and nutritional supplements. The global trend toward plant-based and natural foods has further boosted its appeal among health-conscious consumers.

The Specialty Stores segment exhibits a CAGR of 12.2% during (2024 - 2031). These stores, which focus on health products, organic goods, or specific dietary needs, attract a niche market particularly interested in the health benefits of organic and high-quality flaxseed oil. Specialty stores often provide a curated selection that appeals to health-conscious consumers, offering expert advice and a higher level of service that can justify premium pricing.

Full Report: https://www.kbvresearch.com/flaxseed-oil-market/

The Asia Pacific region dominated the Global Flaxseed Oil Market by Region in 2023; thereby, achieving a market value of $5.2 billion by 2031. The Europe region exhibits a CAGR of 11.8% during (2024 - 2031). Additionally, The North America region would witness a CAGR of 12.3% during (2024 - 2031).

List of Key Companies Profiled

• Spectrum Organic Products LLC (Hain Celestial Group)
• Nutiva, Inc.
• Nestle S.A.
• Glanbia PLC
• Royal Nut Company
• NOW Foods, Inc.
• Cargill, Incorporated
• Archer Daniels Midland Company
• Johnson Seeds Ltd.
• ConnOils LLC (CoreFX Ingredients LLC)

Flaxseed Oil Market Report Segmentation

By Nature (Volume, Tonnes, USD Billion, 2020-2031)

• Conventional
• Organic

By Application(Volume, Tonnes, USD Billion, 2020-2031)

• Food
• Cosmetics
• Pharmaceuticals
• Paints & Varnish
• Flooring & Other Applications

By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)

• Hypermarkets & Supermarkets
• Convenience Stores
• Specialty Stores
• Online
• Other Distribution Channels

By Geography (Volume, Tonnes, USD Billion, 2020-2031)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Flaxseed Oil Market Size | Trend Report 2031

• November-2024
• 125 Pages

LAMEA Flaxseed Oil Market Size, Share & Forecast by 2031

• November-2024
• 143 Pages

Europe Flaxseed Oil Market Size & Forecast Report | 2031

• November-2024
• 143 Pages

Asia Pacific Flaxseed Oil Market Size Report | Forecast 2031

• November-2024
• 145 Pages