Flaxseed is one of the oldest crops. There are two types of flaxseeds brown and golden, both of which are nutrient-dense. Flax seeds have been linked to a variety of medicinal value, including better digestion and a lower risk of heart disease, type 2 diabetes, and cancer. They're simple to add to one's diet. Flaxseed is used in a wide variety of food products and even in animal feed. China is the largest producer of flax seeds followed by the United States and India. With the trend of healthy food, the demand for flaxseed is increasing.This growth is primarily driven by Increasing Demand for Flaxseed Due to Its High Nutritional Value and Need Of Flaxseed for Making a Wide Range of Food Products and Beverages.
Globally, a noticeable market trend is evident Adoption Of Flaxseed in Making Plant-Based Protein. The Food Products sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Cargill Incorporated (United States), Archer Daniels Midland Company (United States), KRBL Limited (India), Cenex Harvest States Cooperatives (CHS) (United States), AgMotion Inc. (United States), Richardson International Ltd. (Canada), Viterra Inc. (Canada), TA Foods Ltd. (Canada), Healthy Food Ingredients, LLC (United States) and Superior Supplement Manufacturing (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 20th Oct 2020, Cargill Incorporated a leading player in the flaxseed market, announced the acquisition of Floratech, a leading global provider of innovative natural emollients and derivatives for beauty and personal care applications. The purchase underscores Cargill's desire to build its Beauty business.
On 3rd March 2021, KRBL Limited, owners of products like India Gate Basmati Rice, announced two new additions in their portfolio which were “Active Heart Special Roasted Flax Seeds” and “Wholesome Health Special Chia Seeds” Both the products will be available in the omnichannel and will increase KRBL’s portfolio of healthy foods.
- Increasing Demand for Flaxseed Due to Its High Nutritional Value
- Need Of Flaxseed for Making a Wide Range of Food Products and Beverages
- Adoption Of Flaxseed in Making Plant-Based Protein
- Availability Of Alternatives to Flaxseeds
Growing Trend of Healthy Food Will Boost the Demand of Flaxseed and Rising Population in The World Will Increase the Demand for Flaxseed
Production Of Flaxseed Is Concentrated in China, USA, and In India and Lack Of Research on Benefits of The Flaxseed
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Flaxseed Study Sheds Light on
— The Flaxseed Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Flaxseed industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Flaxseed industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.