The Global Flaxseed Oil Market size is expected to reach $13 billion by 2031, rising at a market growth of 12.5% CAGR during the forecast period. In the year 2023, the market attained a volume of 220,418.9 tonnes, experiencing a growth of 14.8% (2020-2023).
Flaxseed oil's natural origin and its role in reducing LDL cholesterol and regulating blood sugar levels align with the growing consumer preference for plant-based and minimally processed pharmaceutical products. Hence, the pharmaceuticals segment recorded nearly 1/5threvenue share in the market in 2023. In terms of volume, it is expected that 85,230.1 tonnes of organic flaxseed oil would be utilized by the year 2031. The pharmaceuticals segment is growing due to the therapeutic benefits of flaxseed oil. Its high alpha-linolenic acid (ALA) concentration and anti-inflammatory properties make it a preferred ingredient in dietary supplements targeting heart health, joint inflammation, and immunity. The increasing adoption of preventive healthcare practices has further spurred its application in the pharmaceutical industry.
Flaxseed oil has emerged as a popular product for those fighting lifestyle diseases, including diabetes and high cholesterol, due to consumers' increasing desire for natural and plant-based supplements. Its ability to raise HDL cholesterol and decrease LDL cholesterol, so enhancing heart health, makes it a staple in many diets. Additionally, its ability to improve digestive health and control blood sugar levels has increased its appeal to consumers who prioritize preventative healthcare. Additionally, flaxseed oil's versatility in plant-based cooking and dietary supplementation has made it an essential ingredient in vegan recipes, smoothies, and salad dressings. Thus, rising awareness of flaxseed oil's multifaceted benefits and growing popularity reflects the broader trend of consumers seeking health-conscious and environmentally responsible choices, further solidifying flaxseed oil's position in the market as a vital component of plant-based nutrition.
However, flaxseed oil is not just competing with fish oil but also with other plant-based oils such as olive oil, which is celebrated for its heart-healthy monounsaturated fats, and coconut oil, known for its unique medium-chain triglycerides that are touted for energy boosting and weight management. Each of these oils has its niche carved out with distinct health claims and culinary uses that attract different segments of consumers. This varied market landscape makes it challenging for flaxseed oil to stand out, particularly when it lacks the same level of public endorsement or clinical backing. Thus, these factors may hinder the expansion of the market.
Nature Outlook
Based on nature, the market is bifurcated into conventional and organic. The conventional segment garnered 69% revenue share in the market in 2023. In terms of volume, it is expected that 335,115.4 tonnes of organic flaxseed oil would be utilized by the year 2031. These oils are produced using traditional agricultural practices that allow for large-scale production at a lower cost, making them more affordable and accessible to a broader audience. Additionally, the established supply chains and extensive distribution networks of conventional flaxseed oil help ensure consistent availability on store shelves, appealing to consumers who prioritize price and convenience.
Application Outlook
On the basis of application, the market is classified into food, cosmetics, pharmaceuticals, paints & varnish, flooring, and others. The cosmetics segment witnessed 14% revenue share in the market in 2023. In terms of volume, it is expected that 67,380.1 tonnes of flaxseed oil would be utilized in cosmetics by the year 2031. Flaxseed oil's rich composition of fatty acids, antioxidants, and vitamins makes it an important ingredient in moisturizers, anti-aging creams, and haircare products. Its capacity to moisturize the skin, lessen inflammation, and encourage a healthy complexion makes it appealing to customers looking for chemical-free and environmentally friendly cosmetics. Flaxseed oil is expected to become more popular in cosmetics as the beauty industry prioritizes sustainability.
Distribution Channel Outlook
By distribution channel, the market is divided into hypermarkets & supermarkets, convenience stores, specialty stores, online, and others. The hypermarkets & supermarkets segment garnered 35% revenue share in the market in 2023. In terms of volume, it is expected that 151,102.8 tonnes of flaxseed oil would be sold through hypermarkets & supermarkets by the year 2031. This success is largely due to the widespread presence and accessibility of these retail giants, which offer consumers the convenience of finding flaxseed oil alongside other grocery items. Hypermarkets and supermarkets typically benefit from high foot traffic, extensive geographic reach, and the ability to stock various flaxseed oil brands and types, making them a primary shopping destination for many consumers.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment acquired 39% revenue share in the market in 2023. In terms of volume, it is expected that 262,219.6 tonnes of flaxseed oil would be utilized in this region by the year 2031. Growing knowledge of flaxseed oil's health advantages and incorporation into conventional diets and wellness practices, especially in nations like China, India, and Japan, are responsible for the region's supremacy. Their adoption has also been accelerated by the growing popularity of plant-based diets, rapid urbanization, and increased disposable incomes. Asia Pacific's robust food, pharmaceutical, and cosmetics industries have also driven the demand for flaxseed oil as a functional and versatile ingredient.
List of Key Companies Profiled
- Spectrum Organic Products LLC (Hain Celestial Group)
- Nutiva, Inc.
- Nestle S.A.
- Glanbia PLC
- Royal Nut Company
- NOW Foods, Inc.
- Cargill, Incorporated
- Archer Daniels Midland Company
- Johnson Seeds Ltd.
- ConnOils LLC (CoreFX Ingredients LLC)
Global Flaxseed Oil Market Report Segmentation
By Nature (Volume, Tonnes, USD Billion, 2020-2031)
By Application (Volume, Tonnes, USD Billion, 2020-2031)
- Food
- Cosmetics
- Pharmaceuticals
- Paints & Varnish
- Flooring & Other Applications
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
- Hypermarkets & Supermarkets
- Convenience Stores
- Specialty Stores
- Online
- Other Distribution Channels
By Geography (Volume, Tonnes, USD Billion, 2020-2031)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Flaxseed Oil Market, by Nature
- 1.4.2 Global Flaxseed Oil Market, by Application
- 1.4.3 Global Flaxseed Oil Market, by Distribution Channel
- 1.4.4 Global Flaxseed Oil Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. Global Flaxseed Oil Market by Nature
- 4.1 Global Conventional Market by Region
- 4.2 Global Organic Market by Region
Chapter 5. Global Flaxseed Oil Market by Application
- 5.1 Global Food Market by Region
- 5.2 Global Cosmetics Market by Region
- 5.3 Global Pharmaceuticals Market by Region
- 5.4 Global Paints & Varnish Market by Region
- 5.5 Global Flooring & Other Applications Market by Region
Chapter 6. Global Flaxseed Oil Market by Distribution Channel
- 6.1 Global Hypermarkets & Supermarkets Market by Region
- 6.2 Global Convenience Stores Market by Region
- 6.3 Global Specialty Stores Market by Region
- 6.4 Global Online Market by Region
- 6.5 Global Other Distribution Channels Market by Region
Chapter 7. Global Flaxseed Oil Market by Region
- 7.1 North America Flaxseed Oil Market
- 7.1.1 North America Flaxseed Oil Market by Nature
- 7.1.1.1 North America Conventional Market by Region
- 7.1.1.2 North America Organic Market by Region
- 7.1.2 North America Flaxseed Oil Market by Application
- 7.1.2.1 North America Food Market by Country
- 7.1.2.2 North America Cosmetics Market by Country
- 7.1.2.3 North America Pharmaceuticals Market by Country
- 7.1.2.4 North America Paints & Varnish Market by Country
- 7.1.2.5 North America Flooring & Other Applications Market by Country
- 7.1.3 North America Flaxseed Oil Market by Distribution Channel
- 7.1.3.1 North America Hypermarkets & Supermarkets Market by Country
- 7.1.3.2 North America Convenience Stores Market by Country
- 7.1.3.3 North America Specialty Stores Market by Country
- 7.1.3.4 North America Online Market by Country
- 7.1.3.5 North America Other Distribution Channels Market by Country
- 7.1.4 North America Flaxseed Oil Market by Country
- 7.1.4.1 US Flaxseed Oil Market
- 7.1.4.1.1 US Flaxseed Oil Market by Nature
- 7.1.4.1.2 US Flaxseed Oil Market by Application
- 7.1.4.1.3 US Flaxseed Oil Market by Distribution Channel
- 7.1.4.2 Canada Flaxseed Oil Market
- 7.1.4.2.1 Canada Flaxseed Oil Market by Nature
- 7.1.4.2.2 Canada Flaxseed Oil Market by Application
- 7.1.4.2.3 Canada Flaxseed Oil Market by Distribution Channel
- 7.1.4.3 Mexico Flaxseed Oil Market
- 7.1.4.3.1 Mexico Flaxseed Oil Market by Nature
- 7.1.4.3.2 Mexico Flaxseed Oil Market by Application
- 7.1.4.3.3 Mexico Flaxseed Oil Market by Distribution Channel
- 7.1.4.4 Rest of North America Flaxseed Oil Market
- 7.1.4.4.1 Rest of North America Flaxseed Oil Market by Nature
- 7.1.4.4.2 Rest of North America Flaxseed Oil Market by Application
- 7.1.4.4.3 Rest of North America Flaxseed Oil Market by Distribution Channel
- 7.2 Europe Flaxseed Oil Market
- 7.2.1 Europe Flaxseed Oil Market by Nature
- 7.2.1.1 Europe Conventional Market by Country
- 7.2.1.2 Europe Organic Market by Country
- 7.2.2 Europe Flaxseed Oil Market by Application
- 7.2.2.1 Europe Food Market by Country
- 7.2.2.2 Europe Cosmetics Market by Country
- 7.2.2.3 Europe Pharmaceuticals Market by Country
- 7.2.2.4 Europe Paints & Varnish Market by Country
- 7.2.2.5 Europe Flooring & Other Applications Market by Country
- 7.2.3 Europe Flaxseed Oil Market by Distribution Channel
- 7.2.3.1 Europe Hypermarkets & Supermarkets Market by Country
- 7.2.3.2 Europe Convenience Stores Market by Country
- 7.2.3.3 Europe Specialty Stores Market by Country
- 7.2.3.4 Europe Online Market by Country
- 7.2.3.5 Europe Other Distribution Channels Market by Country
- 7.2.4 Europe Flaxseed Oil Market by Country
- 7.2.4.1 Germany Flaxseed Oil Market
- 7.2.4.1.1 Germany Flaxseed Oil Market by Nature
- 7.2.4.1.2 Germany Flaxseed Oil Market by Application
- 7.2.4.1.3 Germany Flaxseed Oil Market by Distribution Channel
- 7.2.4.2 UK Flaxseed Oil Market
- 7.2.4.2.1 UK Flaxseed Oil Market by Nature
- 7.2.4.2.2 UK Flaxseed Oil Market by Application
- 7.2.4.2.3 UK Flaxseed Oil Market by Distribution Channel
- 7.2.4.3 France Flaxseed Oil Market
- 7.2.4.3.1 France Flaxseed Oil Market by Nature
- 7.2.4.3.2 France Flaxseed Oil Market by Application
- 7.2.4.3.3 France Flaxseed Oil Market by Distribution Channel
- 7.2.4.4 Russia Flaxseed Oil Market
- 7.2.4.4.1 Russia Flaxseed Oil Market by Nature
- 7.2.4.4.2 Russia Flaxseed Oil Market by Application
- 7.2.4.4.3 Russia Flaxseed Oil Market by Distribution Channel
- 7.2.4.5 Spain Flaxseed Oil Market
- 7.2.4.5.1 Spain Flaxseed Oil Market by Nature
- 7.2.4.5.2 Spain Flaxseed Oil Market by Application
- 7.2.4.5.3 Spain Flaxseed Oil Market by Distribution Channel
- 7.2.4.6 Italy Flaxseed Oil Market
- 7.2.4.6.1 Italy Flaxseed Oil Market by Nature
- 7.2.4.6.2 Italy Flaxseed Oil Market by Application
- 7.2.4.6.3 Italy Flaxseed Oil Market by Distribution Channel
- 7.2.4.7 Rest of Europe Flaxseed Oil Market
- 7.2.4.7.1 Rest of Europe Flaxseed Oil Market by Nature
- 7.2.4.7.2 Rest of Europe Flaxseed Oil Market by Application
- 7.2.4.7.3 Rest of Europe Flaxseed Oil Market by Distribution Channel
- 7.3 Asia Pacific Flaxseed Oil Market
- 7.3.1 Asia Pacific Flaxseed Oil Market by Nature
- 7.3.1.1 Asia Pacific Conventional Market by Country
- 7.3.1.2 Asia Pacific Organic Market by Country
- 7.3.2 Asia Pacific Flaxseed Oil Market by Application
- 7.3.2.1 Asia Pacific Food Market by Country
- 7.3.2.2 Asia Pacific Cosmetics Market by Country
- 7.3.2.3 Asia Pacific Pharmaceuticals Market by Country
- 7.3.2.4 Asia Pacific Paints & Varnish Market by Country
- 7.3.2.5 Asia Pacific Flooring & Other Applications Market by Country
- 7.3.3 Asia Pacific Flaxseed Oil Market by Distribution Channel
- 7.3.3.1 Asia Pacific Hypermarkets & Supermarkets Market by Country
- 7.3.3.2 Asia Pacific Convenience Stores Market by Country
- 7.3.3.3 Asia Pacific Specialty Stores Market by Country
- 7.3.3.4 Asia Pacific Online Market by Country
- 7.3.3.5 Asia Pacific Other Distribution Channels Market by Country
- 7.3.4 Asia Pacific Flaxseed Oil Market by Country
- 7.3.4.1 China Flaxseed Oil Market
- 7.3.4.1.1 China Flaxseed Oil Market by Nature
- 7.3.4.1.2 China Flaxseed Oil Market by Application
- 7.3.4.1.3 China Flaxseed Oil Market by Distribution Channel
- 7.3.4.2 Japan Flaxseed Oil Market
- 7.3.4.2.1 Japan Flaxseed Oil Market by Nature
- 7.3.4.2.2 Japan Flaxseed Oil Market by Application
- 7.3.4.2.3 Japan Flaxseed Oil Market by Distribution Channel
- 7.3.4.3 India Flaxseed Oil Market
- 7.3.4.3.1 India Flaxseed Oil Market by Nature
- 7.3.4.3.2 India Flaxseed Oil Market by Application
- 7.3.4.3.3 India Flaxseed Oil Market by Distribution Channel
- 7.3.4.4 South Korea Flaxseed Oil Market
- 7.3.4.4.1 South Korea Flaxseed Oil Market by Nature
- 7.3.4.4.2 South Korea Flaxseed Oil Market by Application
- 7.3.4.4.3 South Korea Flaxseed Oil Market by Distribution Channel
- 7.3.4.5 Australia Flaxseed Oil Market
- 7.3.4.5.1 Australia Flaxseed Oil Market by Nature
- 7.3.4.5.2 Australia Flaxseed Oil Market by Application
- 7.3.4.5.3 Australia Flaxseed Oil Market by Distribution Channel
- 7.3.4.6 Malaysia Flaxseed Oil Market
- 7.3.4.6.1 Malaysia Flaxseed Oil Market by Nature
- 7.3.4.6.2 Malaysia Flaxseed Oil Market by Application
- 7.3.4.6.3 Malaysia Flaxseed Oil Market by Distribution Channel
- 7.3.4.7 Rest of Asia Pacific Flaxseed Oil Market
- 7.3.4.7.1 Rest of Asia Pacific Flaxseed Oil Market by Nature
- 7.3.4.7.2 Rest of Asia Pacific Flaxseed Oil Market by Application
- 7.3.4.7.3 Rest of Asia Pacific Flaxseed Oil Market by Distribution Channel
- 7.4 LAMEA Flaxseed Oil Market
- 7.4.1 LAMEA Flaxseed Oil Market by Nature
- 7.4.1.1 LAMEA Conventional Market by Country
- 7.4.1.2 LAMEA Organic Market by Country
- 7.4.2 LAMEA Flaxseed Oil Market by Application
- 7.4.2.1 LAMEA Food Market by Country
- 7.4.2.2 LAMEA Cosmetics Market by Country
- 7.4.2.3 LAMEA Pharmaceuticals Market by Country
- 7.4.2.4 LAMEA Paints & Varnish Market by Country
- 7.4.2.5 LAMEA Flooring & Other Applications Market by Country
- 7.4.3 LAMEA Flaxseed Oil Market by Distribution Channel
- 7.4.3.1 LAMEA Hypermarkets & Supermarkets Market by Country
- 7.4.3.2 LAMEA Convenience Stores Market by Country
- 7.4.3.3 LAMEA Specialty Stores Market by Country
- 7.4.3.4 LAMEA Online Market by Country
- 7.4.3.5 LAMEA Other Distribution Channels Market by Country
- 7.4.4 LAMEA Flaxseed Oil Market by Country
- 7.4.4.1 Brazil Flaxseed Oil Market
- 7.4.4.1.1 Brazil Flaxseed Oil Market by Nature
- 7.4.4.1.2 Brazil Flaxseed Oil Market by Application
- 7.4.4.1.3 Brazil Flaxseed Oil Market by Distribution Channel
- 7.4.4.2 Argentina Flaxseed Oil Market
- 7.4.4.2.1 Argentina Flaxseed Oil Market by Nature
- 7.4.4.2.2 Argentina Flaxseed Oil Market by Application
- 7.4.4.2.3 Argentina Flaxseed Oil Market by Distribution Channel
- 7.4.4.3 UAE Flaxseed Oil Market
- 7.4.4.3.1 UAE Flaxseed Oil Market by Nature
- 7.4.4.3.2 UAE Flaxseed Oil Market by Application
- 7.4.4.3.3 UAE Flaxseed Oil Market by Distribution Channel
- 7.4.4.4 Saudi Arabia Flaxseed Oil Market
- 7.4.4.4.1 Saudi Arabia Flaxseed Oil Market by Nature
- 7.4.4.4.2 Saudi Arabia Flaxseed Oil Market by Application
- 7.4.4.4.3 Saudi Arabia Flaxseed Oil Market by Distribution Channel
- 7.4.4.5 South Africa Flaxseed Oil Market
- 7.4.4.5.1 South Africa Flaxseed Oil Market by Nature
- 7.4.4.5.2 South Africa Flaxseed Oil Market by Application
- 7.4.4.5.3 South Africa Flaxseed Oil Market by Distribution Channel
- 7.4.4.6 Nigeria Flaxseed Oil Market
- 7.4.4.6.1 Nigeria Flaxseed Oil Market by Nature
- 7.4.4.6.2 Nigeria Flaxseed Oil Market by Application
- 7.4.4.6.3 Nigeria Flaxseed Oil Market by Distribution Channel
- 7.4.4.7 Rest of LAMEA Flaxseed Oil Market
- 7.4.4.7.1 Rest of LAMEA Flaxseed Oil Market by Nature
- 7.4.4.7.2 Rest of LAMEA Flaxseed Oil Market by Application
- 7.4.4.7.3 Rest of LAMEA Flaxseed Oil Market by Distribution Channel
Chapter 8. Company Profiles
- 8.1 Spectrum Organic Products LLC (Hain Celestial Group)
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 SWOT Analysis
- 8.2 Nutiva, Inc.
- 8.2.1 Company Overview
- 8.2.2 SWOT Analysis
- 8.3 Nestle S.A.
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 SWOT Analysis
- 8.4 Glanbia PLC
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expenses
- 8.4.5 SWOT Analysis
- 8.5 Royal Nut Company
- 8.6 NOW Foods, Inc.
- 8.6.1 Company Overview
- 8.6.2 SWOT Analysis
- 8.7 Cargill, Incorporated
- 8.7.1 Company Overview
- 8.7.2 SWOT Analysis
- 8.8 Archer Daniels Midland Company
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 SWOT Analysis
- 8.9 Johnson Seeds Ltd.
- 8.10. ConnOils LLC (CoreFX Ingredients LLC)
Chapter 9. Winning Imperatives for Flaxseed Oil Market