Flax seeds market to grow by USD 955.11 million from 2022 to 2027 | The increasing number of vegans and vegetarians to drive the growth of the market

NEW YORK, Aug. 30, 2023 /PRNewswire/ — The flax seeds market size is forecast to increase by USD 955.11 million from 2022 to 2027, at a CAGR of 11.75%, according to a recent market study by Technavio. The increasing number of vegans and vegetarians is notably driving the flax seeds market growth. With the rise of veganism and vegetarianism, flaxseed could become a viable alternative to meat and dairy. In addition, flaxseed is healthier than any meat source and contains no cholesterol. Flaxseeds are gluten-free, which makes them especially popular in vegan and vegetarian diets. Demand for plant-based vegan food is also increasing, and a wide variety of variations, such as takeout, individual packaging, and variations of taste, are appearing. Hence, the increasing number of vegans and vegetarians is the main driving factor expected to propel the growth of the market during the forecast period. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major companies, including AgMotion Inc., Archer Daniels Midland Co., Bioriginal Food and Science Corp., Bradley Caldwell Inc., BTL Herbs and Spices Pvt. Ltd., CanMar Foods Ltd., Eastmade Spices and Herbs Pvt. Ltd., Gingerly Naturals P. Ltd., Global Resource Direct LLC, Grain Millers Inc., Healthy Food Ingredients LLC, Howe Seeds, KRBL Ltd., Linwoods Health Foods, Merck KGaA, Mother Herbs P Ltd., Mr Fothergills Seeds Ltd., Pragati Agribiz Pvt. Ltd., Satva Industries, and TA Foods Ltd.

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Key Benefits for Industry Players & Stakeholders –

The report offers information on the criticality of company inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market’s competitive landscape and companies’ product offerings.
The report also provides a qualitative and quantitative analysis of companies to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

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Fex Seeds Market – Segmentation Assessment

The market is segmented by application (food and beverages, animal food, and others), product (ground flax seeds and whole flax seeds), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

The market share growth by the food and beverages segment will be significant during the forecast period.

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Fex Seeds Market – Market Dynamics

Leading Trend – The growing popularity of superfoods is the key trend shaping the flax seeds market growth.

Significant Challenge – The fluctuating prices of flaxseeds and product recall is a significant challenge that affects the growth of the market.

What are the key data covered in this Flax Seeds Market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the flax seeds market between 2023 and 2027
Precise estimation of the flax seeds market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the flax seeds market across APAC, North America, Europe, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of flax seeds market companies

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Related Reports:

The seeds market size is estimated to grow at a CAGR of 6.73% between 2022 and 2027. The market size is forecasted to increase by USD 27,603.76 million. Furthermore, this seeds market report extensively covers market segmentation by product (conventional seeds and GM seeds), type (grain seeds and oil seeds, fruits and vegetable seeds, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The rising demand for biofuels is notably driving market growth during the forecast period.

The superfoods market size is estimated to grow at a CAGR of 6.82% between 2022 and 2027. The market size is forecast to increase by USD 64.8 billion. This superfoods market report extensively covers market segmentation by product (superfruits, superseeds and supergrains, edible seaweed, and others), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). One of the key factors driving the superfood market growth is the growing adoption of superfoods.

Table of Contents –

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

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