Flaxseed is one of the most highly nutritious plant-based food that is cultivated around the globe and is a rich source of antioxidants, healthy fat, and fiber. Its consumption reduces the risk of various diseases such as stroke, heart disease, cancer, and diabetes and is also considered one of the functional food. Moreover, it is also used as a dietary supplement to treat various medical conditions and in various food products such as muffins, cookies, and pancakes.
Market Dynamics
North America flaxseed market has witnessed significant growth in recent years, owing to the increasing demand for healthy and nutritional food products. Based on the application, the North America flaxseed market is bifurcated into animal food, food, and others. Among these segments, the animal food segment dominated the North America flaxseed market in 2021, owing to the increasing demand for nutritional animal food among consumers due to the usage of flaxseeds in animal food. This factor is estimated to drive the growth of the North America flaxseed market during the forecast period.
Furthermore, the U.S. dominated the North America flaxseed market in 2022, owing to the growing production of flaxseeds in this region. According to the United States Department of Agriculture, the total flaxseed production was 3.84 million bushels in the year 2022 and the average price for flaxseeds was US$ 8.01 per bushel in the year 2022. As a result, this scenario is estimated to foster the growth of the North America flaxseed market during the forecast timeframe.
Key features of the study:
- This report provides in-depth analysis of the North America flaxseed market, market size (US$ Million, Million Tones), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023–2030).
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, flaxseed products, regional outlook, and competitive strategy adopted by the leading players.
- Key companies covered as a part of this study include AgMotion Inc., Linwoods Health Foods, CanMar Grain Products Ltd., TA Foods Limited, Archer Daniels Midland Company, Stober Farms LLC, Heartland Flax, Shape Foods Inc., Healthy Food Ingredients LLC, Zeghers Seed Inc., and Bioriginal Food & Science Corporation
- It profiles leading players in the North America flaxseed market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics.
- The North America flaxseed market report caters to various stakeholders in this industry, including investors, product developers, distributors, flaxseed companies, research institutes, new entrants, and financial analysts.
- Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the North America flaxseed market.
Detailed Segmentation:
- North America Flaxseed Market, By Product Type:
- Milled (Ground) Flaxseed
- Whole Flaxseed
- Flaxseed Oil
- North America Flaxseed Market, By Application:
- Food
- Bakery products & Cereals
- Energy Bars
- Flaxseed Meal Powder
- Supplements
- Flour
- Animal Food
- Others (Cosmetics, linen, paint, varnish, chemical applications, resins, inks)
- North America Flaxseed Market, By Country:
- U.S.
- By Product Type:
- Milled (Ground) Flaxseed
- Whole Flaxseed
- Flaxseed Oil
- By Application:
- Food
- Bakery products & Cereals
- Energy Bars
- Flaxseed Meal Powder
- Supplements
- Flour
- Animal Food (Pet food & animal feed)
- Others (Cosmetics, linen, paint, varnish, chemical applications, resins, inks)
- Canada
- By Product Type:
- Milled (Ground) Flaxseed
- Whole Flaxseed
- Flaxseed Oil
- By Application:
- Food
- Bakery products & Cereals
- Energy Bars
- Flaxseed Meal Powder
- Supplements
- Flour
- Animal Food (Pet food & animal feed)
- Others (Cosmetics, linen, paint, varnish, chemical applications, resins, inks)
- Company Profiles
- AgMotion Inc. *
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Linwoods Health Foods
- CanMar Grain Products Ltd.
- TA Foods Limited
- Archer Daniels Midland Company
- Stober Farms LLC
- Heartland Flax
- Shape Foods Inc.
- Healthy Food Ingredients LLC
- Zeghers Seed Inc.
- Bioriginal Food & Science Corporation
“*” marked represents similar segmentation in other categories in the respective section
