PUBLISHER: Grand View Research | PRODUCT CODE: 1631132
PUBLISHER: Grand View Research | PRODUCT CODE: 1631132
The global flaxseeds market size is expected to reach USD 1,989.2 million by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 15.2% from 2025 to 2030. Various nutritional properties associated with flaxseeds including omega 3, omega 6, fiber, vitamins, minerals, and other essential fatty acids are expected drive the market over the forecast period. In addition, these seeds are beneficial for reducing the cholesterol level and blood sugar in the body. It also helps to prevent various chronic diseases including cardiovascular diseases. These factors are increasing the demand for the product among consumers.
Ground seed dominated the market in 2024 and is expected to be the fastest growing segment from 2025 to 2030. They are primarily used for oil extraction. The oil has applications in various industries including pharmaceutical, personal care, and food industries. Flaxseed oil is beneficial to heal skin disorders including itchy patches of psoriasis, sunburned skin patches, and eczema.
Due to these advantages, adoption of oil is increasing among customers and is anticipated to foresee significant growth in the next few years. According to a survey, the flaxseed oils help to reduce the risk of cancer and cardiovascular diseases. This oil is produced by cold pressing method and is helpful and safe for both humans and animals. For instance, in 2017, ADM launched a new product called Onavita flaxseed oil, which contains omega 3 and helps to prevent different skin diseases.
Asia Pacific emerged as the largest regional market in 2024. It is anticipated to witness the fastest growth in the forecast period owing to increasing awareness regarding health benefits associated with the product. Furthermore, over the past few years, increasing application in the bakery and confectionary industry for the preparation of nutritious food products has supported the flaxseeds market growth. In addition, various Asian countries including Kazakhstan, China, and India are the largest producers of flaxseed.