Linseed Oil Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Linseed Oil Market is Segmented By Type (Raw Linseed Oil, Boiled Linseed Oil, Double Boiled Linseed Oil), By Application (Paint & Varnishes, Flooring, Processed Foods, Cosmetics, Others), By Nature (Organic, Conventional), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Linseed Oil Market Overview

The Global Linseed Oil Market is expected to reach at a CAGR of 2.6% during the forecast period (2024-2031). 

Linseed oil, commonly known as flaxseed oil or flax oil, is naturally edible. Linseed oil is also widely used in the manufacture of various items, including flooring, nutritional supplements, putty, paints, glides, wood finish, linoleum, and food processing. These oils' high bonding, polymerizing, and layer forming properties account for their increased demand in many end-user sectors.

Linseed is high in nutrition, fiber and vitamins, and vital fatty acids, which boosts its demand in the nutritional supplement market. The market is expected to develop as people become more aware of the benefits of flax oil for weight loss, healthy hair, and dandruff elimination. Increased demand for linseed oils and an increase in R&D activities related to the manufacturing of linseed oil for various end-use applications are projected to generate profitable prospects for participants in the target market around the world.

Linseed Oil Market Summary

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Linseed Oil Market Dynamics

ncreased consumption of linseed oil due to its multiple health benefits

As people become more aware of the health benefits of these oils, they are being used more frequently in the production of nutritional supplements. Several studies have found that these oils can assist in lowering the risk of cancer and cardiovascular disease. The oil obtained by the cold pressing procedure is safe for both humans and animals. Increasing consumption of linseed oil due to its several health benefits is a major factor that is expected to boost the growth of the global linseed oil market over the forecast period. The presence of ALA and omega-3 in linseed oil aids in reducing inflammation, protects the brain against aging, and improves heart health. The bulk of flax seed farmed commercially includes 40–45 percent oil and 20–25 percent protein by weight. Linseed oil includes alpha-linolenic acid (ALA), an essential n3 fatty acid for heart health. The oil's polyunsaturated omega-3 and omega-6 fatty acids improve eye health and reduce artery irritation. Several studies are focused on providing strong evidence of reduced cancer cell growth due to the consumption of linseed oil. This, in turn, may offer a lucrative opportunity for the market players.

Additionally, the global market is being driven by the rising use of linseed oils in various coatings and paint applications. Linseed oil is also used to protect and maintain wood inside and outside. It dries slowly and shrinks as it hardens when used as a wood finish. Linseed oil is also used as a binder in oil paintings and paints. As a result, rising demand for linseed oil from the woodworking and paint & coatings sectors is likely to propel market expansion throughout the forecast period.

Linseed Oil Market Segmentation Analysis

Double boiled linseed oil segment is anticipated to expand at a CAGR of XX%

Double boiled linseed oil is made by heating raw linseed oil and blowing air. Heating the oil causes it to polymerize and oxidize, thickening it and cutting down on drying time. This oil is mostly used in the home. It is both water and rust-resistant. In 2020, Krishi Oil introduced double boiled linseed oil, a thicker processed linseed oil that dries faster than raw linseed oil. This makes it ideal for putty, wall coatings, and varnishes, among other applications. When mixed with paint, it forms a protective coating over the surface.

Based on application, paint and varnishes held the highest market revenue share of XX% in 2021. Linseed oil is also used in paints and varnishes, which is a well-known application of the oil. Linseed oil has traditionally been used in paints, coatings, varnishes, and a few other industrial purposes. Varnishes and paints created using this product are still regarded as premium category products of excellent quality and durable. The product is diluents in paints and coatings on a case-by-case basis. The product's applications include the by-products obtained from flaxseed oil meals that remain after oil extraction and can be used in animal feeds.

Linseed Oil Market Geographical Share

North America is expected to hold highest market revenue share in the year 2021

North America is expected to hold market revenue share of XX% in the year 2021.North America will continue to dominate the global market in terms of revenue over the forecast period, owing to rising demand for wooden items and increased investment in flaxseed harvesting activities, particularly in the United States. Due to increased health concerns and the growing medical and cosmetics sector in various nations in the area, Due to rising demand for linseed oils in various end-use sectors such as paint and food processing in developing nations such as China and India, the Asia Pacific market is likely to rise significantly.

Linseed Oil Companies and Competitive Landscape

The global linseed oil market is fragmented. The global linseed oil market is competitive and comprises numerous regional and international competitors. Players are also extensively focusing on providing consumers with innovative offerings. Natural Brand, OmegaFactors, Linolie Danmark Aps, Gustav Heess, GranoVita, and Barlean’s are some of the leading linseed oil suppliers across the globe. These participants are continuously focused on undertaking persistent efforts, including partnerships and acquisitions, and are actively coming up with innovations and new product developments to proliferate their presence in the escalating competitive business scenario.

For instance, in July 2019, ADM (Archer Daniels Midland Company) collaborated with Qualitas Health to introduce a line of Onavita™ Algal DHA blends to complement its existing product portfolio, inclusive of Onavita Flaxseed Oil. In another instance, in May 2021, Cargill partnered with Frontline International for Kitchen Controller, an oil management product, in a bid to assist operators in effectively managing their businesses.

COVID-19 Impact on Linseed Oil Market

Negative impact on the global linseed oil market

Because of the imposition of statewide lockdowns and social distancing policies in several countries, the current COVID-19 pandemic has had a significant impact on the worldwide economy. Due to stalled production operations and a scarcity of raw materials and labor, the linseed oil industry also felt the brunt of the rising infection rate. However, the growing consumer focus on optimum health and hygiene as a result of the pandemic, as well as the increasing intake of nutritional components, is projected to provide the industry a boost in the forecast period.

Why Purchase the Report?

• Understand the current market scenario and viability of global linseed oil market over the forecast period
• Visualize the composition of the global linseed oil market in terms of type, nature and application to identify major players, growth potential, and market strategies
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Excel data sheet with valuable data points of the global linseed oil market – Regional and Country level segmentation
• Product mapping in excel for the key products of all major market players
• Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

The global linseed oil market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages

Target Audience:

• Food and Beverage Companies
• Food Ingredients Manufacturers
• Pharmaceutical Companies
• Paints & Coatings Manufacturers
• Industry Investors
• Education & Research Institutes
• Research Professionals