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. With the increasing global population and the rise in demand for affordable and nutritious food, supermarkets have become a preferred choice for consumers. On average, a consumer spends approximately USD30 per trip to a supermarket. Notably, countries such as Brazil, Chile, and Peru in South America have a high degree of supermarket penetration. In India, the supermarket sector has witnessed substantial growth in recent years. These retailers play a crucial role in making flax seeds readily available to consumers on a large scale.
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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 |
market_structure.ucfirst |
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 numerous health benefits, including high Alpha-Linolenic Acid and Linoleic Acid content, fiber, and protein. They boast antioxidant properties, anti-inflammatory effects, and support cardiovascular and digestive health. Hormonal balance, blood sugar control, weight management, skin, and hair health are additional advantages. Plant-based, vegetarian, and vegan diets favor flax seeds. Sustainable agriculture, organic farming, non-GMO verification, and fair trade practices are essential for production. Food safety standards, ingredient labeling, product quality control, and consumer preferences drive market trends. Health consciousness and dietary trends, including food allergies and sensitivities, influence consumer behavior. Brand recognition, product innovation, supply chain optimization, and cost reduction strategies are key competitive advantages. Consumer demographics and psychographics, price sensitivity, value perception, and ingredient transparency impact market dynamics.
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 crops, including vegetables, fruits, oilseed crops like flaxseed, 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 to ensure optimal growth conditions. For instance, in the production of flaxseed, careful selection of flaxseed varieties and proper land preparation are crucial pre-production steps to yield high-quality crops rich in Omega-3 Fatty Acids.. 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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