Global Flaxseed Oil Market – Industry Trends and Forecast to 2026

Flaxseed oil is obtained from the ripened and dry seeds of flax plant which is typically yellow in colour. On a large scale, flaxseed is obtained through the solvent extraction process. Flaxseed has wide applications in the paints and coatings as a pigment binder, hardening of putty and supplements in the medical and body building industry as an omega 3 fatty acid. The market of flaxseed is affected by synthetic alkyd resin which performs same function as flaxseed.

Market Analysis: Global Flaxseed Oil Market

Global flaxseed oil market is projecting a rise in estimated value by 2026, registering a steady CAGR of 3.1% in the forecast period of 2019-2026 due to rise in the demand from paints and coatings industry, increase in the awareness among people for health and rise in number of application in the cosmetics

Major Market Competitors/Players

Few of the major competitors currently working global flaxseed oil market are Archer Daniels Midland Company, Cargill, Incorporated, Bartoline Ltd, Rapunzel Naturkost, Gustav Heess GmbH, Henry Lamotte OILS GmbH, Natural Factors Inc, Krishi Oils Limited, Natrol, LLC, Pharmavite, LLC, Nature’s Bounty, Heze Zonghoo Jianyuan Biotech Co., Ltd., Shape Foods Inc., Nature's Way Products, LLC, Rexall Sundown, Inc, Blackmores, General Nutrition Centers, Inc. and others

Market Drivers:

• Rise in the demand from paints and coatings industry may enhance the market growth
• Rise in number of application in the cosmetics could boost the growth of the market
• Increase in the awareness among people for health may act as a catalyst for the market growth
• Increase in the number of construction projects has driven the market growth

Market Restraints:

• Presence of alternatives such as synthetic alkyd resin can restraint the market growth
• Causes skin irritation and eye redness to babies when present in childcare products and this can hamper the growth of the market
• Fluctuations in the prices of raw materials could restrict the market growth

Segmentation: Global Flaxseed Oil Market

• Global Flaxseed Oil Market By Products (Organic and Inorganic)
• Type (Cold-Pressed, Hot-Pressed and Extraction)
• Application (Flooring, Processed Food, Cosmetics, Pharmaceuticals, Paints & Varnishes)
• Distribution Channel (Direct Sales, Online Retail, Supermarkets/Hypermarkets Specialty Stores)
• Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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Competitive Analysis

Global flaxseed oil market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flaxseed oil market for Global, Europe, North America, Asia Pacific and South America.

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