About Linseed Oil
Linseed oil also called as flaxseed oil and it is obtained from dried seeds ripened of flax plant. Linseed oil is extensively utilized in the production of various goods such as putty, floorings paints, wood finish, gliding, linoleum, nutritional supplement, and food processing. Also, high growth of the market is expected due to high demand from various end users including food industry, cosmetic sector, pharmaceutical sector and among others. Rising application of linseed oil in the field of coating and paint sector is likely to boost the overall growth of the market. Additionally, linseed oil is used in various medical purposes such as manufacturing nutritional supplements, reducing the risk of cancer, cure for cardiovascular diseases and others. Unlike benefits, the linseed caused eye and skin irritation which is one of the reason for limiting the growth of the market globally.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.0% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Manufacturers having a strong hold in the market are Cargill, Incorporated, Archer Daniels Midland Company, Sundown Energy. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Linseed Oil market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill, Incorporated (United States), Gustav Heess GmbH (Germany), Natrol LLC (United States), Krishi Oils Limited (KOL) (India), Henry Lamotte Oils GmbH (Germany), Natural Factors Inc. (Canada), Archer Daniels Midland Company (United States), Bioriginal Food and Science Corp. (Canada), Sundown Energy, LP (United States), Nature Made (United States), Natural Brand (United States) and Optimum Nutrition (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Barlean’s (United States), Good’N Natural (Canada), Solgar Inc. (United States) and granoVita (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Linseed Oil market by Type (Pure Linseed Oil, Boiled Linseed Oil, Polymerized Linseed Oil and Others), Application (Paint, Coating and Varnish, Flooring, Processing Food, Cosmetic, Pharmaceuticals and Others) and Region.
On the basis of geography, the market of Linseed 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). If we see Market by Distribution Channel , the sub-segment i.e. Speciality Store will boost the Linseed Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Extraction Method , the sub-segment i.e. Squeezing Method will boost the Linseed Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Health benefit awareness associated with Linseed Oil.
Market Growth Drivers:
Increasing Aging Population and Rising Investment on harvesting and crop yield activities for flaxseed production
Challenges:
Problems Associated during Production of Linseed Oil as it is Hazardous and May Cause Fire
Restraints:
Increasing Irritation in Eyes and Skin
Opportunities:
Rising Research and Developing Activities Leads to New Application for Linseed Oil
Market Leaders and their expansionary development strategies
In 2021, Cargill came into a partnership with Frontline International for Kitchen Controllers to effectively manage their businesses by assisting the operators.
In March 2023, ADM launched Knwble Grwn, a new brand of direct-to-consumer ingredients including flaxseed, flax oil, hemp seed, hemp oil, and quinoa. They are available to purchase on Amazon. The brand sources from farmers who implement regenerative agriculture practices in their supply chains, and targets consumers concerned about the environment, said Jamie Goehner, ADM’s commercial manager.
Key Target Audience
Oil and Gas Manufacturers, Healthcare, Paint producer, Coating and Varnish manufacturers and Cosmetic Organization
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.