Flaxseed Derivatives Market OverviewÂ
Flax is a plant which belongs to the family of Linaceae with seeds known as flaxseed or linseed. There are two basic varieties of flaxseed, namely brown flax and golden flax, where golden flax is also called yellow flax. The golden flaxseed has a nutty-buttery flavor and an attractive golden color which is highly used in culinary preparations for its taste and color. Flaxseed is rich in omega-3 essential fatty acids and fibers among others, due to which preference for flaxseed derivatives are growing among the health-conscious consumers across the globe.
Consumption of flaxseed in regular diet offers several benefits to the overall health. The alpha-linolenic acid (ALA) found in flaxseed, helps in reducing cholesterol. Flaxseed enhances skin and hair health, controls diabetes, and reduces the circulation of C-reactive protein, thereby, lowering body inflammation. Growing health awareness and the advancements in online retail is boosting the sales of supplements containing flaxseed oil and other derivatives as an ingredient. This demand, in turn, is expected to fuel the global flaxseed derivatives market during the forecast period. Â
The global flaxseed derivatives market has been segmented based on type, category, application, and region.
The global market has been classified, based on type, into flaxseed oil, flaxseed flour, and others.
The global market has been segmented, on the basis of category, into organic and conventional.
By application, the global flaxseed derivatives industry has been classified as bakery & confectionery, sweet & savory snacks, pet food, functional food & beverages, and others.
The global flaxseed derivatives market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the Rest of the World. The North American flaxseed derivatives market has further been segmented into the US, Canada, and Mexico.
The European flaxseed derivatives market has been classified into the UK, Germany, France, Italy, Spain, and the rest of Europe.
The flaxseed derivatives market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The flaxseed derivatives industry in the rest of the world has been segmented into South America, the Middle East, and Africa.
Global Flaxseed Derivatives Market Share (%), by Region, 2017
Source: Secondary Sources and MRFR Analysis
Globally, North America is expected to dominate the flaxseed derivatives market. Growing health awareness, high demand for clean label products, and the growing vegan population are influencing the consumption of flaxseed derivatives in the region. Furthermore, flax crops are widely used to feed pets and as textile flax fiber among others. Canada is the largest producer of flax crop in the region.
Asia-pacific is expected to register the highest CAGR in the flaxseed derivatives market during the forecast period due to rapid urbanization, increased consumer spending and the introduction of various flaxseed meal products by food manufacturers. High agricultural practices in countries such as China and India are further boosting the consumption of flaxseed in the region
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