NORTH AMERICA FLAXSEED MARKET ANALYSIS

North America Flaxseed MarketSize and Trends

The North America flaxseed market is projected to reach around US$ 435.0 million by the end of 2030, in terms of revenue, growing at CAGR of 5.4% during the forecast period (2023-2030).

North America Flaxseed Market: Key Trends

“Flaxseed as Cheap Alternative to Guar Gum to Bolster Sales for Food Applications”

The mucilaginous quality of flaxseeds, makes them a good thickening agent. Since it immediately expands into a mucilage after readily absorbing water, it acts as glue to tie the recipes together. Ground flaxseeds are generally used as a thickening agent for the purpose of baking breads, pie crust, cookies, and crackers.

ingredients together, along with being rich in nutrition and providing health benefits such as lowering cholesterol and blood triglycerides, apart from the benefit of being suitable for diabetic patients. Other thickening agents like agar, guar gum, and xanthan gum lies on the higher side of the price scale, making flaxseed a cheaper alternative for thickening in numerous applications such as bakery and other food products.

Bioriginal Food & Science Corp provides XanFlax, a product derived from flaxseed meal and has the advantages of being a clean-label products as well as having a favorable nutritional profile for baking applications.

“Increased Demand from Nutraceuticals and Functional Food Producers to Increase Sales Opportunity for Flaxseed”

The authorised health claim that whole and ground flaxseed can lower cholesterol has increased demand for flaxseed in functional foods and nutraceuticals. Since flaxseeds are a good source of lignans as well as ALA, they are also recognised to benefit women's health and prevent cancer. By blocking enzymes involved in hormone metabolism, lignans play a role in cancer prevention by preventing the growth and spread of tumour cells.

With numerous health benefits of flaxseeds, increased demand of functional food and nutraceutical manufacturers producing energy bars and supplements from flaxseeds is creating opportunities for the manufacturers of flaxseeds that allows them to increase the product offerings to different producers. The increased product offering would also help the flaxseed producers to increase their consumer base worldwide.

Figure 1. North America Flaxseed Market, Revenue Share (%), By Region, 2022

Figure 2. North America Flaxseed Market, Revenue Share (%), By Application, in 2022