Global Flax Seeds Market 2017-2021
About Flax Seeds
Flaxseeds are mostly grown in cooler regions like Canada, Russia, and upper Midwestern US. Flaxseeds are used in both whole and ground forms. They are also popular as feed for pets, horses, dairy animals, and poultry.
Technavio’s analysts forecast the global Flax Seeds market to grow at a CAGR of 12.47% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global flax seeds market for 2017-2021. To calculate the market size, the report considers the new shipments, sales, volume, and value.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Flax Seeds Market 2017-2021
Technavio recognizes the following companies as the key players in the global flax seeds market: AgMotion, Archer Daniels Midland, Cargill, Johnson Seeds, and Linwoods Health Foods.
Other Prominent Vendors in the market are: Bioriginal Food & Science Corporation, CanMar Grain Products, Dicks' Seed, Farmers Elevator, Grain Millers, Healthy Food Ingredients, and Healthy Oilseeds.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is new product launches. Increasing number of new product launches by regional and international players will support the growth of the market. Manufacturers of flaxseeds are encompassing innovative and distributive strategies to increase the market size of these products. Also, there are various new technical innovations by manufacturers that might help in driving the market.”
According to the report, one of the major drivers for this market is growing awareness about the health benefits of flaxseeds. Flaxseeds are highly nutritious seeds that can be used for human consumption as well as in animal feed. Flaxseeds 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.
Further, the report states that one of the major factors hindering the growth of this market is fluctuating prices of flaxseeds. The growing gap between demand and supply in recent years has substantially increased raw material costs. Any increase in the price of raw materials not only increases the manufacturing cost but also leads to reduced profit margins for vendors. This factor, along with the need to remain competitive in the market, influences manufacturers to experiment with cheaper substitutes. In addition, suppliers of raw materials have the power to price their products at competitive and different prices.
AgMotion, Archer Daniels Midland, Cargill, Johnson Seeds, Linwoods Health Foods, Bioriginal Food & Science Corporation, CanMar Grain Products, Dicks' Seed, Farmers Elevator, Grain Millers, Healthy Food Ingredients, and Healthy Oilseeds.
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