The global flaxseeds products market was valued at USD 1.2 billion in 2020 and is projected to expand at a CAGR of 7.0% from 2021 to 2028. Flaxseed is a source of dietary fiber, omega-3 fatty acids, and lignans, which are beneficial for human health. Furthermore, flaxseed has a high nutritional value and contains vitamins, minerals, and antioxidants that are beneficial for the human body. Growing awareness about the health benefits of flaxseed products, such as its ability to reduce the risk of cardiovascular diseases, obesity, and diabetes, is driving the growth of the flaxseed products market.

The high percentage of dietary fiber in flaxseed products helps reduce cholesterol levels and blood pressure, leading to improved cardiovascular health. Moreover, due to its high fiber content, flaxseed is beneficial in weight management, as it helps reduce calorie absorption, thus aiding in weight loss. Owing to such benefits, the demand for flaxseed products has increased significantly in recent years. Furthermore, the increasing popularity of vegan diets and health-conscious lifestyles has led to the high demand for flaxseed products, as it is a natural source of essential fatty acids, proteins, and minerals.

The increasing number of product launches by major market participants is driving the growth of the market. For instance, in October 2020, The Hain Celestial Group, Inc. launched Spectrum Flaxseed Oil, offering an alternative source of omega-3 fatty acids, such as alpha-linolenic acid (ALA). Furthermore, in August 2020, Flax USA launched a range of flaxseed products, including flaxseed oil, flaxseed meal, and flaxseed powder. The company offers different varieties of flaxseeds, including golden and brown varieties, to cater to the rising demand from consumers.

Moreover, the rising trend of fortifying food and beverages with flaxseed products is driving the growth of the market. For instance, in April 2020, Batory Foods launched flaxseed oil and flaxseed meal fortified oat milk. The product provides an excellent source of ALA omega-3 fatty acids, which are beneficial for cardiovascular health. Additionally, the growing trend of incorporating flaxseeds into breakfast cereals, baked goods, and snacks is expected to boost the growth of the flaxseed products market.

The flaxseeds commodities segment held the largest market share in 2022. Flaxseeds are a great source of dietary fiber, omega-3 fatty acids, and other essential nutrients. According to an article published by the National Institute of Health, in February 2020, flaxseeds are a rich source of alpha-linolenic acid (ALA), an essential fatty acid that the body cannot produce naturally. Furthermore, increasing consumer awareness about health benefits associated with flaxseeds coupled with its use in various food products is driving the demand for flaxseeds commodities.

The flaxseeds oil segment is expected to register the highest CAGR of 8.9% during the forecast period. The rising demand for flaxseeds oil for its various health benefits such as reducing inflammation and high levels of omega-3 fatty acid is boosting the market growth. Additionally, growing consumer preference for organic flaxseeds oil due to its natural and pure properties is further propelling the growth of the segment. Moreover, increasing use of flaxseeds oil in pharmaceuticals, cosmetics, and food & beverages is likely to fuel the growth of the segment.

The supermarkets and hypermarkets segment accounted for the largest share of the flaxseeds product market in 2020, owing to the convenience and ease of access offered by these establishments. Supermarkets & hypermarkets also provide free sampling of products, which helps in increasing product sales. Increasing awareness about the health benefits associated with the consumption of flaxseeds products, such as omega-3 fatty acids, fiber, and lignans, is expected to drive the growth of this segment over the forecast period.

The online segment is expected to exhibit the highest CAGR during the forecast period due to the rising penetration of e-commerce platforms. The increasing trend of online shopping platforms and the rising use of smartphones and other internet-enabled devices are expected to contribute to the growth of the online segment. Furthermore, online stores offer discounts and promotional offers, which are attracting consumers. For instance, in April 2020, Amazon offered a discount of 10% on select flaxseed products.

The hulled segment accounted for the largest revenue share of 67.8% in the year 2022. The hulled flaxseeds are getting a lot of popularity as a superfood due to its high nutrient content, including protein, dietary fiber, and omega-3 fatty acids. Also, its high-fiber content makes it an ideal choice for people looking for healthier alternatives for their breakfast. Furthermore, the rising awareness about the health benefits of flaxseeds is expected to drive the demand for hulled flaxseeds in the forecasted period.

The whole segment is expected to register the highest CAGR of 9.1% over the forecast period. The whole flaxseeds are more affordable than hulled flaxseeds, which is expected to drive its demand in the forecasted period. Also, increasing health awareness and the growing trend of veganism are further propelling the demand for whole flaxseeds. Furthermore, the increasing use of flaxseeds in various food and beverage products is expected to further fuel the market growth in the forecasted period.

Europe is expected to remain the dominant market and is estimated to account for the largest revenue share of over 36.8% in 2022. This growth can be attributed to the increasing health consciousness among consumers and the growing demand for organic and natural products. In the region, the demand for flaxseed products is on the rise as they are a rich source of essential fatty acids such as Omega-3, dietary fiber and protein. Additionally, the increase in the number of vegan and vegetarian consumers has further led to the growing demand for flaxseed products.

Asia Pacific is projected to witness the fastest growth over the forecast period. Rising disposable incomes and increasing awareness regarding the health benefits of flaxseed products are some of the major factors driving the growth in this region. Moreover, the presence of several local and international brands in the region is further expected to fuel the growth of the market. For instance, in June 2021, India-based natural food brand Conscious Food launched its flaxseeds products in the country, which is further expected to boost the market.

In this part of the flaxseeds products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for the business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenues for a flaxseeds products business comes from the sales of flaxseeds products such as flaxseed oil, flaxseed meal, flaxseed capsules, flaxseed snacks, and other flaxseed-related products. Other possible sources of profit may include selling of flaxseeds in bulk, selling of flaxseeds-based products online, and selling of flaxseed products in retail stores.

Projecting Expenses

In this section, all the regular expenses related to keeping the flaxseeds products business running will be described. The list of operating expenses includes product sourcing, packaging and delivery costs, wages, utilities, insurance policies, advertising, and others. Additionally, you may need to consider the cost of obtaining licenses and permits, setting up a website, and other costs associated with setting up the business.

Some of the major companies operating in the flaxseeds market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Nature’s Path launched a new range of organic flaxseed products, including flaxseed flour, flaxseed meal and ground flaxseed.

– In August 2022, Bob’s Red Mill launched a new range of flaxseed products, including roasted flaxseed, ground flaxseed and whole flaxseed.

– In October 2022, Cargill launched a new range of flaxseed products, including flaxseed oil, flaxseed powder and flaxseed meal.

Some of the prominent players in the flaxseeds market include:

– Nature’s Path Foods
– Bob’s Red Mill Natural Foods
– Cargill Incorporated
– Wilmar International Limited
– Archer Daniels Midland Company
– Flax USA
– Spectrum Naturals
– Organic Traditions Inc.
– Healthworks
– Navitas Organics

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global flaxseeds products market based on type, distribution channel, end-use, and region:

1. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Whole Flaxseeds
– Cold Milled Flaxseeds
– Flaxseed Oil

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. End-Use Outlook (Revenue, USD Million, 2017 – 2030)

– Food & Beverage
– Pharmaceutical
– Animal Feed
– Others

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the key factors driving the global flaxseed products market?
[A]: The global flaxseed products market is driven primarily by the rising demand for plant-based proteins, as well as the health benefits associated with consuming flaxseed products. Additionally, increasing health awareness among consumers, the growing trend of veganism, and increasing demand for gluten-free products are some of the other factors driving global flaxseed product market growth.

[Q]: What are the major types of flaxseed products available?
[A]: Major types of flaxseed products include flax meal, flax seed oil, flaxseed capsules, and flaxseed flour.

[Q]: What are the primary applications of flaxseed products?
[A]: The primary applications for flaxseed products are in food and beverage products, dietary supplements, and personal care products.

[Q]: Who are the key players in the global flaxseed products market?
[A]: Key players in the global flaxseed products market include Archer Daniels Midland Company, Flax Farm, The Hain Celestial Group, Inc., Nature’s Way Products, LLC, Groupe Limagrain, Kowa Company, Ltd., and Wilmar International Ltd.

[Q]: What is the potential of the global flaxseed products market?
[A]: The global flaxseed products market is projected to grow at a CAGR of 6.2% between 2020 and 2027, reaching a value of USD 1.7 billion by the end of the forecast period.