The Flax Seeds Market is being driven by Growing awareness about health benefits of flax seeds
The Flax Seeds Market is expected to grow at a CAGR of 15.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1671.3 million. Organized retailers, including supermarkets and hypermarkets, have emerged as significant distribution channels for superfoods like flax seeds. These retailers hold substantial market influence, as numerous companies rely on them for product dissemination. Supermarkets, in particular, are essential providers of nutritious and affordably priced food, making them a preferred choice for consumers. With population growth and increasing urbanization, the demand for supermarkets is escalating. On average, a consumer spends approximately USD30 per shopping trip. Notably, countries such as Brazil, Chile, and Peru in South America exhibit high supermarket penetration. In India, the supermarket sector has experienced notable expansion in recent years.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
228 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.3% |
Market growth 2025-2029 |
USD 1671.3 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
13.0 |
Key countries |
US, China, India, Canada, Japan, South Korea, Germany, UK, Australia, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Flax seeds offer various health benefits, including Alpha-Linolenic Acid and Linoleic Acid for heart health, Fiber and Protein for digestive and hormonal balance, Antioxidant properties for anti-inflammatory effects, and Blood Sugar Control for weight management. These seeds are popular in Plant-Based, Vegetarian, and Vegan diets, and are grown using Sustainable Agriculture, Organic Farming, and Non-GMO practices. Consumer preferences for Food Safety, Ingredient Labeling, and Product Quality Control drive demand. Brands differentiate through Fair Trade, Price Sensitivity, and Value Perception. Dietary trends, Food Allergies, and Food Sensitivities influence ingredient transparency. Product innovation, Supply Chain Optimization, and Cost Reduction Strategies are essential for competitive advantages. Consumer demographics and psychographics also impact market trends.
In the agricultural products and services sector, the market is categorized into food and non-food segments, encompassing agriculture, aquaculture, floriculture, horticulture, and various services. The agriculture segment focuses on the cultivation of vegetables, fruits, oilseed crops like flaxseeds, beverage and spice crops, medicinal and aromatic plants, and fodder crops. Pre-production processes in this sector entail strategic crop/species selection and comprehensive land/pond preparation, ensuring optimal growing conditions for flaxseed production. Flaxseed specifically, is a valuable oilseed crop, yielding Flaxseed Oil, Flaxseed Meal, Flaxseed Hulls, Flaxseed Protein, Flaxseed Fiber, and Omega-3 Fatty Acids, all of which contribute significantly to the market's value chain.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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