Flaxseed Oil Market Size to Grow by $ 91.09 mn through 2021-2025  

Technavio research projects the flaxseed oil market to grow by $ 91.09 mn, accelerating at a CAGR of over 2% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Flaxseed Oil Market: Key Market Driver

One of the primary factors that will trigger the growth of the flaxseed oil market size is Health benefits of flaxseed oil. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Flaxseed Oil Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Archer Daniels Midland Co., Blackmores Ltd., Cargill Inc., GNC Holdings Inc., Henry Lamotte Oils GmbH, JAMIESON wellness, The Natures Bounty Co., Natures Way Products LLC, Puritans Pride, and Rapunzel Naturkost are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

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The Global Flaxseed Oil Market is expected to grow by $ 91.09 million, accelerating at a CAGR of over 2% during the forecast period.The consumer staples industry as a whole has been exhibiting positive growth during the COVID-19 pandemic, and the impact of the pandemic on the market in focus is also expected to remain POSITIVE. Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers. It also provides competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario. 

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"The health benefits of flaxseed oil will drive the growth prospects for the global Flaxseed Oil Market in the forthcoming years. 38% of the market growth will originate from Europe during the forecast period", says senior research analyst for the consumer staples industry at Technavio.

Flaxseed Oil Market: Product Segment Highlights

• Product Segmentation: Organic and Conventional
• The rising consumer awareness about the health benefits of organic food and superfoods is driving the growth of the organic market segment. Vendors offer organically produced flaxseed oil by labeling the oils with a symbol that denotes its organic.
• 38% of the market’s growth will originate from Europe during the forecast period. France, The Netherlands, and Germany are the key markets for flaxseed oil in Europe. Market growth in this region will be slower than the growth of the market in APAC. The biodegradable and non-allergenic characteristics of linoleum flooring have led to high demand for linoleum, which will facilitate the flaxseed oil market growth in Europe over the forecast period
• Flaxseed oil is high in omega-3 fatty acids which are good for heart health, and it also aid digestion. Flaxseed oil also reduces inflammation and improves skin health by increasing hydration. The various health benefits of flaxseed oil have increased their consumption.

Flaxseed Oil Market: Competitive Analysis

• The Flaxseed Oil Market is fragmented due to the presence of several vendors.
• Market vendors focused on market expansion, innovations, and expansion of distribution networks.
• Archer Daniels Midland Co., Blackmores Ltd., Cargill Inc., GNC Holdings Inc., Henry Lamotte Oils GmbH, JAMIESON wellness, The Natures Bounty Co., Natures Way Products LLC, Puritans Pride, and Rapunzel Naturkost are some of the major market participants. 
• Flaxseed oil has polymer-forming properties because of which it is either be used on its own or blended with other oils. This increases its use among industrial end-user for paint binder, putty, wood finish, and linoleum.

Technavio provides custom research reports with detailed insights on the impact of COVID-19 with respect to the industry, region, and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download a Free Sample Report