What is Flaxseed Oil Market Scope?
Flaxseed oil, also known as linseed oil, is a light yellow oil made from the seeds of the flax plant. The main use of this oil is in industrial applications such as drying oil surfaces in wood finishing, a binder in paints, plasticizers, and the manufacture of other industrial solvents. Although the usage of this oil has not been significantly high on an industrial scale, the consumption of flaxseed oil as a nutrient has increased with increasing trends for healthy living. Consumption in the European region has increased, the demand for healthy oils is increasing. This increase in consumption is not very sudden, as flaxseed oil is often viewed as a delicacy in this region and is consumed with potatoes and curd. Flaxseed oil finds its use in a variety as a cosmetic product, many hair care products such as shampoos and conditioners use flaxseed oil as an active ingredient. It is often segregated into the premium cosmetics category, where the demand for this product is growing at a much higher level. This demand is expected to continue to grow, supported by the rise to a nutricosmetics segment in the cosmetics industry.
The Flaxseed Oil market study is being classified by Type (Cold-Pressed, Hot-Pressed and Extraction), by Application (Individual and Commercial) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Vendors from Asia Pacific will contribute to the maximum growth of Global Flaxseed Oil market throughout the predicted period.
Hongjingyuan (China), Shape Foods, Inc. (Canada), Fueder (United States), ADM (United States), Blackmores (Australia), GNC (United States), Meng Gu Xiang (China), Nature's Bounty (United States), Henry Lamotte Oils GmbH (Germany), The Wonderful Company (United States), Luyuan, Inc. (China), Nature's Way Products (United States), Spectrum (United States), Krishi Oils (India), Gustav Heess (Germany) and Pharmavite (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Jamieson Laboratories (Canada), Sundown Naturals (United States) and Ningxia Yousufu Qingzhen Food Co. Ltd (China).
Analyst at AMA have segmented the market study of Global Flaxseed Oil market by Type, Application and Region.
On the basis of geography, the market of Flaxseed Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Market Trend
- High Demand By Health and Beauty Conscious Consumers
- The Increased Consciousness and Awareness among Consumers Regarding Health Benefits of Flaxseed Oil
- Increased Demand for Healthy Oils
- The Consumption of Flaxseed Oil for Its Nutrient
- Usage of Flaxseed in Wide Variety of Cosmetic Products
- The High Demand for Food Containing Omega-3 Fatty Acids
- The Rise to a Nutricosmetics Segment in the Cosmetics Industry
- Innovations in Research and the Use of Flaxseed Oil As Natural and Research-Oriented Medicine
- Advancement in Technology and Supply Side Demand from Research Institutes Aiming At Research Based On Medicinal Benefits of Flaxseed Oil
- Presence of Alternatives Such As Synthetic Alkyd Resin
- Causing Skin Irritation and Eye Redness to Babies When Present In Childcare Products
- Fluctuations in the Prices of Raw Materials
Key Target AudienceManufacturers of Flaxseed Oil, Suppliers and Distributors of Flaxseed Oil, End-Users, Potential Investors, Market Research Firms and Others
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