Flaxseed oil, also generally known as linseed oil or even flax oil is a colorless oil extracted from dried flaxseeds. The extraction process of this oil is segregated into three methods of cold-pressed, hot-pressed and solvent-extraction. This seed has the capability of being polymerized into solid form due to it having the characteristic of being a drying oil. This extraction process is then subsequently used for commercialization of oil in capsule or liquid form in a wide variety of applications.
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Flaxseed oil market is growing due to rise in number of application in the cosmetics, increase in the awareness among people for health; the effects of these factors are mentioned below:
The market is segmented on the basis of product as organic, inorganic; type as cold-pressed, hot-pressed, extraction; application as flooring, processed food, cosmetics, pharmaceuticals, paints & varnishes; distribution channel as direct sales, online retail, supermarkets/hypermarkets, specialty stores.
“According to Data Bridge Market Research, global flaxseed oil market is expected to be growing with a steady CAGR of 3.1% during the forecast period of 2019 to 2026”
Some of the major players operating in market are Archer Daniels Midland Company, Cargill, Incorporated, Bartoline Ltd, Rapunzel Naturkost, Gustav Heess GmbH, Henry Lamotte OILS GmbH, Natural Factors Inc, Krishi Oils Limited, Natrol, LLC, Pharmavite, LLC, Nature’s Bounty, Heze Zonghoo Jianyuan Biotech Co., Ltd., Shape Foods Inc., Nature's Way Products, LLC, Rexall Sundown, Inc, Blackmores, General Nutrition Centers, Inc. among others.
With the rapid rise of construction industry and urbanization worldwide, there is a renewed level of demand for flaxseed oil from the construction vertical. Flaxseed oil is used for curing concrete and also providing antispalling protection. This trend is subsequently enhancing the levels of demand for flaxseed oil and presenting an invaluable opportunity for flaxseed oil manufacturers to target this industrial vertical.
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Global Flaxseed Oil Market – Industry Trends and Forecast to 2028