Organic Flaxseed Oil Market Size, Share, Growth, and Industry Analysis, By Type (Type I and Type II), By Application (Foods, Cosmetics, Pharmaceuticals and Others), and Regional Forecast to 2032

ORGANIC FLAXSEED OIL MARKET OVERVIEW

The global Organic Flaxseed Oil market size was USD 3.9 billion in 2023 and is projected to touch USD 6.48 billion by 2032, exhibiting a CAGR of 5.7% during the forecast period.

Organic Flaxseed Oil is a dietary oil originating from seeds of flax plant (Linum usitatissimum) which provide high level of omega–3 fatty acid such as alpha-linolenic acid (ALA). This oil is gradually turning into a popular demanded cure for several diseases in addition to being a nutrient claimed. Organic flaxseed oil is available in cold extracted organic flaxseeds or hot pressed organic flaxseed oil.With this extraction method, one does not need to use solvent or high heat common in other processing methods, which can affect the quality of the final product.cid (ALA). This oil is evolving into a popularly demanded remedy for various illnesses in addition to being acknowledged as a nutrient added.

GLOBAL CRISES IMPACTING ORGANIC FLAXSEED OIL MARKETCOVID-19 IMPACT or RUSSIA-UKRAINE WAR IMPACT or ISRAEL-HAMAS WAR IMPACTCOVID-19 IMPACT

Organic Flaxseed Oil Industry Had a Negative Effect Due to Supply Chain Disruptions during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The came-out pandemic disrupted the normal farming practices, this broke the set pattern on the readiness of raw flaxseeds in the market. Specific restrictions to transport and relative scarcity of cheap labor played a role on the issues of raising the flaxseeds and collecting and processing them which, in turn, aggravated the supply available in the market.Distortions in the supply chain and transportation of OFO led to some delivery hiccups and even firms realizing higher costs in the process of shipping.

LATEST TREND

"Health and Wellness Focus to Drive Market Growth"

Another reason this segment is evident in the market for organic flaxseed oil and in the market as a whole is that there is a niche in health and wellness. This essential oil has arrived at the scene currently due to present awareness and inclusions of the essential fatty acids particularly, Omega 3 flaxseed oil, expressed as alpha Linoleic Acid (ALA).Especially for those people who do not consume animal products, including meat, and especially cod liver oil supplements, vegetarians, vegans, and others who choose the healthiest food over supplements.of omega–3 fatty acid including alpha-linolenic acid (ALA).

ORGANIC FLAXSEED OIL MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into Type I and Type II.

• Type I- Type I organic flaxseed oil is usually cold processed so the oil is extracted without the use of heat or chemicals. This method helps retain the nutrient values, taste as well as the aroma of the oil.
• Type II- It should be noted that the type II organic flaxseed oil may be produced through the use of various methods which may use higher heat. These extraction methods can give a purer oil that has different composition and hence nutritional value from that of cold pressed nut oil.

BY APPLICATION

Based on application, the global market can be categorized into Foods, Cosmetics, Pharmaceuticals and Others.

• Food- Organic flaxseed oil is used for dietary oil since it contains a rich level of omega-3 fatty acids. It is mostly used in salad, milk shake and other items such as dips and sauces like salad dressing and marinade.This oil is suitable for use in different meals since it has a nutty flavor, which is healthy.
• Cosmetics- Organic flaxseed oil is used in cosmetics and skincare products for moisturizing because of its richness in antioxidants. This one assists in again supplying the skin, enhancing its flexibility, and getting rid of fine lines and wrinkles.
• Pharmaceuticals- Organic flaxseed oil is available in capsules, making its addition into the diet of consumers as a dietary supplement possible. Ideally, it is often marketed for it’s heart supporting abilities, it’s ability to combat inflammation and enhance the quality of life all round.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Rising Demand for Plant-Based Products to Boost the Market"

A factor in the Organic Flaxseed Oil market growth is the Rising Demand for Plant-Based Products. The increasing veganism, vegetarianism, and flexitarianism is a major factor that is contributing to the demand for organic flaxseed oil because people in these diets require premium quality food with high nutrients content. As people get to know some benefits of eating plant based foods including the decrease incidence of diseases, improved weight control, and enhanced body health, there is more emphasis on sourcing certain nutrients from plant-based food instead of animal food products.

"Expansion of Functional Foods and Nutraceuticals to Expand the Market"

One of the main growth factors for the organic flaxseed oil is the growth of the functional foods and nutraceuticals sector as consumers are becoming aware of food supplements that can give more than the basic nutrient needs of the body. Consumer interest in foods that contain nutrients and ingredients from which they believe they could obtain definable health benefits is on the rise, hence the interest on functional foods. Organic flaxseed oil can easily be viewed in relation to this trend since it is used in a variety of health-oriented products like smoothies, energy bars, and dietary supplements and is a source of omega-3 PUFA, lignans, and antioxidants.

RESTRAINING FACTOR

"Limited Shelf Life to Potentially Impede Market Growth"

One of the most fundamental restraints affecting the organic flaxseed oil market is the relatively short shelf life resulting from the natural propensity of the oil to oxidize and turn rancid. Organic flax seed oil is loaded with polyunsaturated fats especially omega 3 fatty acids which while healthy make the oil susceptible to rancidity from light , heat and air. This sensitivity is the reason why flaxseed oil shelf life is substantially less than that of other oils, being between six months and one year when properly stored.

OPPORTUNITY

"E-commerce Growth To Create Opportunity for the Product in the Market"

The increase in e-commerce sales is also favorably impacting the OM, for it grants brands a larger and easier avenue through which to sell organic flaxseed oil. The novel coronavirus COVID-19 has advanced the use of online platforms, and consumers are confident in purchasing health and wellbeing products including organic flaxseed oil online. This shift enables brands to sell to a large audience, specializing in markets and requirements for special diets such that they might not be met by conventional stores.

CHALLENGE

"Storage and Transportation Issues Could Be a Potential Challenge for Consumers"

Flaxseed oil is prone to various environmental factors and as a result the organic flaxseed oil storage and transportation remains a nightmare. Organic flaxseed oil is easily oxidized and may turn rancid especially when stored up in a container with little head space. It has to be stored at cool, dark conditions to preserve it; therefore, appropriate storage is compulsory for producers and retailers of the product. Flawed storage results in negative impacts on the nutritional quality of the oil and its shelf life, hence the public satisfaction and confidence.

ORGANIC FLAXSEED OIL MARKET REGIONAL INSIGHTS

• NORTH AMERICA

North America has emerged as the most dominant region in the Organic Flaxseed Oil market share due to a convergence of factors that propel its leadership in this dynamic industry. North America leads the market for organic flaxseed oil through the high levels of consumer consciousness about health and wellness products as well as a well-developed agriculture sector that supports flax growing. The major stakeholders are the United States followed by Canada as this country is one of the biggest producers of flaxseed in the world.

• EUROPE

Europe is the next major market which is experiencing a shift from the tendency of the use of more natural and organic products in addition to the growing consumer concern for health. The ‘organic flaxseed oil’ generated high demand in countries like Germany, France and UK due to the awareness of health benefits.

• ASIA

Asia-Pacific could be a growth area, as the population becomes more health-conscious and a new richer demographic learns to avoid fast food. But as we have already seen, it still has not reached the level of market share of such regions as North America or Europe.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Organic Flaxseed Oil Market Through Innovation and Market Expansion"

Key enterprise players are shaping the Organic Flaxseed Oil marketplace through strategic innovation and marketplace growth. Manufacturers are diversifying their products through new shades of flaxseed oil such as flavored or blended flaxseed oils, organic supplements and functional flaxseed oil filled foods. This strategy targets a wider market and adapts to changes in customer habits on what they consume. It seems that businesses have directed their efforts toward acquiring and sustaining organic accreditation for the purpose of increasing consumer confidence. They state that high quality sourcing and testing give confidence to the products and they aid in attracting the conscious health conscious clientele.

TOP FIVE LIST OF ORGANIC FLAXSEED OIL COMPANIES

• Shape Foods(Canada)
• Blackmores(Australia)
• Meng Gu Xiang(China)
• Nature’s Bounty(U.S.)
• Henry Lamotte Oils(Germany)

KEY INDUSTRY DEVELOPMENTS

Mar 2018: The Wholesome Grain FMCG division of KRBL Limited introduces its new products -“Chia seed” and “Flax seed”. With the introduction of the products mentioned above, the company entered that of forward integration.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.