Global Flax Crop Market is segmented By Type (Seeds, Stalk Parts, Straw, Others) By Form (Flax Seed Oil, Ground Flax Seed, Whole Flax Seed) By Application (Textile, Paper, Paints and Coatings, Medical, Insulation, Animal Feed, Food and Beverage, Others) and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Flax Crop Market Size
Global Flax Crop Market reached US$ 620.1 million in 2022 and is expected to reach US$ 1,449.7 million by 2031, growing with a CAGR of 6.2% during the forecast period 2024-2031.
The global flax crop market has witnessed significant growth over the years, as flax-based products are widely used in different applications. The fiber produced from flax plants is used in textile industries as linen, and the oil extracted from the flax seeds is used for its nutritional benefits. Hence, such factors can help in driving the global flax crops market.
Furthermore, the demand for the flax-based products is increasing among the consumers. For instance, according to the Food and Agriculture Organization of the United Nations (FAO), the total global production of flaxseed in 2021 was around 2.2 million metric tons, with the majority of production occurring in Canada, Russia, and China.
The flax seed segment accounts largest share of the global flax crops market. Similarly, North America remains the largest producer and consumer of flax crops as the demand for flax-based products is high in this region which makes North America the dominant force among the other regions.
Flax Crop Market Summary
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Metrics |
Details |
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CAGR |
6.2% |
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Size Available for Years |
2022-2031 |
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Forecast Period |
2024-2031 |
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Data Availability |
Value (US$) |
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Segments Covered |
Type, Form, Application, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
North America |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Flax Crop Market Dynamics
Increase in Applications of Flax Fibers in the Textile Industry
Manufacturers and consumers are highly adopting these flax fibers which are extracted from the flax plants as linen for various end products, as they have breathability and comfort, natural antibacterial properties, natural luster, and a slightly irregular texture, and can blend with any other fabric. Hence, such factors can help increase the usage of flax crops.
Furthermore, manufacturing is incorporating these into various end products. For instance, In June 2022, Porcher Industries launched a new range of automotive industry-grade thermoplastic composite stiffeners made primarily of flax fibers. These products will be sold as textiles that can be thermocompressed and injection molded. Recyclable PP biosourced PLA and PA11 are three available thermoplastic filament options.
Growing Awareness about the Health Benefits Associated with Flax Seeds and Flax Oils
Consumers are increasingly adopting these flax-based products such as flax seed, and flax oils as they are rich sources of alpha-linolenic acid (ALA), an essential omega-3 fatty acid. It helps in reducing the risk of heart disease by lowering cholesterol levels and supporting overall heart health. Hence, such factors can help in increasing the market growth.
Furthermore, manufacturers are highly focused on producing a wide variety of products. For instance, In July 2020, Gaia, India’s leading health and wellness brand, expanded its product portfolio with the launch of Gaia Seeds. In this range, the brand is offering wholesome and nutritious flax seeds, pumpkin seeds, and, mixed seeds of the highest quality with a wide range of benefits. Gaia Flax Seeds are lightly roasted and super-rich in protein and dietary fiber.
Growing Conditions and Diseases
Flax is sensitive to climatic conditions, and extremes in temperature, precipitation, or other climate factors can impact the growth and development of flax crops. Powdery mildew a fungal disease can affect flax plants, leading to the development of a white powdery substance on leaves. Which ultimately affects the quality of the crop. Hence, it can hamper the market growth.
Flax Crop Market Segment Analysis
The global flax crop market is segmented based on type, form, application, and region.
Increase in Demand for Plant-based Products
The flax seeds segment accounts for the largest share of the global flax crops market, consumers are highly adopting these seeds as they provide. In addition, the demand for flax-based products is increasing, manufacturers are producing high-quality products
For instance, in March 2021, India Gate Basmati Rice launched 2 new additions in the domestic market to its healthy foods branded portfolio namely, Wholesome Health Special Chia Seeds and Active Heart Special Roasted Flax Seeds. Hence, such a product can help in increasing the market growth.
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Flax Crop Market Geographical Share
High Production and Consumption Rate
The North American region shows a dominant force in the global flax crops market, as the production and consumption rates for flax-based products are high in this region, farmers are adopting the flax crops, also the key players of this region are producing different flax-based products which can help in increasing the market growth.
In addition, consumers are highly adopting flax seeds, which has increased the demand for the production of flax seeds. For instance, according to the Canadian Grain Commission report of 2022, the cultivation area of flax seeds is 314,400 hectares in 2022 with a production of 472,600 metric tons, and yield was estimated to be 1,517 kilograms per hectare (kg/ha).
Additionally, according to the Agriculture Marketing Research Center report North America it is currently grown primarily for its seeds. In 2021, flax was grown on 268,000 acres in the U.S. with a total production of 2.708 million bushels. Hence, such high production rates can help in increasing the market for flax crops.
Flax Crop Market Companies
The major global players in the market include Biolin Research Inc., Glanbia plc, SWM International, Syngenta, Grain Millers, Inc., Prairie Premium Products Inc., Linwoods Health Foods, Johnson Seeds, ADM, and AAK India.
COVID-19 Impact Analysis On Flax Crop Market
The pandemic caused an increase in demand for flax seeds, as people became more health conscious during a pandemic, also the government supported the distribution of necessary foods to people, which had shown a positive impact on the global flax crops market.
Key Developments
- In March 2023, ADM launched a knwble Grwn complements in Chicago, the product line, inspired by women- and minority-led team at ADM, includes flaxseed, hemp seed, flax oil, hemp oil, and quinoa.
Why Purchase the Report?
- To visualize the global flax crop market segmentation based on type, form, application, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of flax crop market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global Flax Crop market report would provide approximately 61 tables, 63 figures, and 186 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
