Global Flax Milk Market - 2022-2029
The global flax milk market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).
Flax milk is a plant-based milk substitute for mammalian milk; it is also known as a milk substitute or milk alternative. Flax milk is easily made by combining flax seeds with water, resulting in a creamy, nutty substance. Flax milk is consumed directly as plain or flavored drinking milk and as a replacement for milk beverages such as tea and coffee. Because of its high fiber content, this milk substitute has gained popularity among consumers looking to lose weight. Flax milk is frequently promoted for its antioxidant properties, which help relieve stress and hormonal distress. Switching from conventional dairy to milk alternatives such as flax milk can range from veganism growth to health-conscious consumers. The flax milk market will be driven by increased demand for flax due to its high fiber content. Furthermore, an increase in the demand for plant-based products and a growing vegan population are two macroeconomic factors that positively influence the global flax milk market.
Rising vegetarianism, combined with increased awareness of the health benefits of flax milk, is driving market growth
Flax milk is low in cholesterol and lactose, making it a heart-healthy option. It's high in omega-3 fatty acids and linked to a lower risk of cancer, diabetes, heart disease, and stroke. Flaxseeds contain natural soluble and insoluble fiber, ideal for increasing fiber intake. Flaxseed milk has fewer calories and sugar than other plant-based milk. Flax is also a good source of Omega-3, with 1,200mg/250ml of omega-3, which is necessary for heart health. Furthermore, lactose intolerance and milk allergy are key drivers of product innovation, driving the market growth. Lactose-free milk is also available on the market; however, dairy substitutes such as Flax milk are an effective option for people who are allergic to other milk proteins. Many people have begun to prefer dairy-free alternatives, and flax milk provides a creamy, nutty flavor alternative. Furthermore, strong demand from various end-use industries and increased benefits for lactose-intolerant people will be major drivers, creating new opportunities for market growth.
Switching from conventional dairy to milk alternatives such as flax milk can range from veganism growth to health-conscious consumers. The health trend is now on an exponential rise; consumers want healthy food and have become more demanding. Manufacturers are also attempting to innovate and provide consumers with a healthy alternative. This is in line with the organic trend, in which consumers are willing to pay more for organic and healthy food.
Original flax milk is the dominating segment in global flax milk market
Original flax milk is a plant-based milk made by combining flaxseed oil and water. It contains a lot of omega fatty acids, fibre, and protein. Original flax milk has a light nutty flavor and can be used in most recipes in place of dairy milk. It's also lactose- and vegan-free. The original flax milk category dominates the global flax milk market due to its multiple health benefits.
Supermarkets and hypermarkets are the most widely preferred distribution channel, accounting for approximately XX percent of the global flax milk market. The supermarket and hypermarkets segment currently dominates the global flax milk market and is expected to continue to do so as supermarkets and hypermarkets increasingly use blockchain technology to track product details such as transportation modes, manufacturing location, and source. Blockchain technology is a data format that maintains transactional records while also ensuring transparency, decentralization, and security. Consumers are actively searching for food production methods and origin to learn about the entire food supply chain as their awareness of healthy eating grows.
North America is the dominating region during the forecast period
North America is among the most appealing markets for milk alternatives, such as flaxseed, owing to the highest growth in demand for organic and healthy food trends. People in these areas have begun to make their flax milk at home, but the convenience of packaged flax milk has increased consumption. Increasing health awareness, increased demand for clean labels, and rising popularity and consumer demand for vegan ingredients are expected to drive growth in the North American flax milk market over the forecast period.
Manufacturers have introduced flax milk products in both flavoured and unflavored product categories, and a demand surplus has been observed in the sales of these products, despite the fact that most of the products are sold under private label. Some of the global market players participating in the flax milk market include Good Karma Foods, Inc., FlaxUSA and GoBeyond Foods. Through their product offerings, they have strengthened the market. The key competitive factor in the market is continuous innovation to introduce new products with functional benefits. In August 2021, good karma foods launch Flaxmilk. This superfood seed, contains important plant-based Omega-3 fatty acids, powers the Good Karma Flaxmilk line. As the company's flagship collection, these flaxseed products aim to build on the nutritional benefits of the original products while emphasizing flavor, nutrition, and texture.
Positive impact on the global flax milk market.
The COVID-19 pandemic has caused a massive social and economic crisis around the world, posing significant risks to the survival of vulnerable, economically weaker groups, primarily in low- and middle-income countries. Improving immune function through nutrition is the most effective strategy for combating COVID-19 and other viral infections. Flaxseeds are important in the nutrition industry since they are a functional and highly active food element. These active dietary ingredients have also been shown to offer health advantages in COVID-19 patients with comorbidities such as cardiovascular disease, hypertension, diabetes, cancer, and various respiratory disorders. However, it is well recognized that flaxseed plays a key function in the immune system due to the action of different nutritional components and bioactive compounds. During Covid-19, there has been a huge surge in demand for flaxseed because of the increasing health awareness among consumers. As a result, the COVID-19 had a large impact on the flax milk market.
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Visualize the composition of the global flax milk market in terms of type, distribution channel and region to identify major players, growth potential, and market strategies
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PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Excel data sheet with valuable data points of the global flax milk market – Regional and Country level segmentation
Product mapping in excel for the key products of all major market players
Market Share Analysis covering business revenues ($) and revenue share (%) of key market players
The global flax milk market report would provide an access to approximately 55 market data tables, 45 figures and 180 pages
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