Global Flax Seed Market is segmented by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
The Global "Flax Seed Market" is expected to grow at a high CAGR during the forecasting period ( 2022-2029).
Market Growth Factors
- High nutrition values, use in multiple industries, ability to aid in curing various chronic and other diseases like diabetes, obesity, cancer, etc, are majorly driving the growth of the global flax seeds market.
- Flax is an important food and fiber crop majorly cultivated in cooler regions of the globe.
- This seed has various applications like textile, oil, and food.
- Production of flax seeds in the US is 8.7 million tonnes, valued at US70.2 million during 2016.
- Flax seeds witnessed US7.02 billion of imports and US0.69 billion in exports during 2016.
- Europe is leading the global flaxseed market share with 95.3% of global exports with a growth of 0.6% compared to the previous year, followed by Asia which is importing 66% of global production.
- France and Belgium are the major exporters of Flax seeds across the globe contributing to 56.4% and 28.6% of regional exports in 2016.
- These countries have raised revenues of around US393 million and US200 million respectively.
- However, China is the major importer of flax seeds taking 59.1% of the region’s imports, valued at approximately US414.78 million.
Key takeaways from this report
Professionals purchasing DMI report on the global flax seeds market will be able to do the following:
- Visualize the composition of the Flax Seeds market across each indication, in terms of type and applications, highlighting the key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development deals.
- This is the most comprehensive study on Flax Seeds to date.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
- Product mapping in excel for key products of all major market players.
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