Global Flax Seeds Market Analysis with COVID-19 Recovery Plan and Strategies for the Consumer Staples Industry | Technavio
The flax seeds market research report examines the key questions around the implications of COVID-19 and provides a recovery analysis and outlook for the market in focus. The market has witnessed a neutral impact due to the COVID-19 situation. The research analysts at Technavio expects the flax seeds market to grow by USD 761.22 million during the forecast period, accelerating at a CAGR of over 11%.
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Flax Seeds Market Segmentation Analysis by Product
Ground flax seeds
Whole flax seeds
The ground flax seeds segment led the flax seeds market growth in 2019. However, the flax seeds market growth share from whole flax seeds segment is expected to be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the flax seeds market size.
Flax Seeds Market Regional Analysis
The report covers regional analysis for APAC (India, China, Japan, and South Korea), Europe (Germany, France, UK, Italy), North America (US, Canada, Mexico), South America (Brazil, Argentina, Columbia), and MEA ( UAE, Saudi Arabia, Iran).
47% of the growth will originate from the North American region.
The presence of several flax seed producers and exporters will significantly drive flax seeds market growth in this region over the forecast period.
Canada and the US are the key markets for flax seeds in North America.
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Flax seeds market will be driven by the growing awareness about the health benefits of flax seeds. Flax seeds are highly nutritious seeds that can be used for human consumption as well as in animal feed. Flax seeds are the richest source of omega-3 fatty acids. They contain more than 50% of linolenic acid and offer numerous health benefits. They reduce blood pressure and cholesterol and also help in preventing cardiovascular diseases, diabetes, asthma, and arthritis. Flax seeds are rich in alpha-linolenic acid (ALA) and fiber that can help prevent metabolic disorders such as dyslipidemia (excess fat in the blood) and insulin resistance, which are two major factors that lead to diabetes. Such benefits of flax seeds are expected to drive their demand during the forecast period.
The rise in Online Retail will be a Key Market Trend
The rise in online retail is one of the key trends in the flax seeds market. Online retailing is gaining immense popularity among vendors and consumers, as it eases trade activities and transactions. The average amount of money spent online per transaction is on the rise globally. Moreover, the rapid increase in the penetration of smartphones and the Internet is further fueling the growth of the e-commerce industry. To improve their market share, flaxseeds manufacturers and vendors must start targeting internet-savvy customers and utilize the online retail format to their advantage.
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Flax Seeds Market 2020-2024 : Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist flax seeds market growth during the next five years
Estimation of the flax seeds market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the flax seeds market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of flax seeds market vendors
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Ground flax seeds - Market size and forecast 2019-2024
Whole flax seeds - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Application
Market segments
Comparison by Application
Animal food - Market size and forecast 2019-2024
Food and beverages - Market size and forecast 2019-2024
Other applications - Market size and forecast 2019-2024
Market opportunity by Application
Customer Landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Vendor landscape
Landscape disruption
Competitive scenario
Vendor Analysis
Vendors covered
Market positioning of vendors
AgMotion Inc.
Archer Daniels Midland Co.
ATC Group India
Bioriginal Food & Science Corp.
CanMar Foods Ltd.
Cargill Inc.
Dicks Seed LLC
Grain Millers Inc.
Healthy Food Ingredients LLC
Healthy Oilseeds LLC
Johnsons Seeds Ltd.
Linwoods Health Foods
Richardson International Ltd.
Safa Agro Pvt. Ltd.
TA Foods Ltd.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Technavio
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