linseed-oil-market

Linseed Oil Market by Application (Pharmaceuticals, Processed Foods, Flooring, Paints & Varnishes, Cosmetics, Others), by Distribution Channel (Supermarkets & Hypermarkets, Retail Stores, Direct Sales, Online Sales, Others) - Growth, Future Prospects, and Competitive Analysis, 2024 - 2032

21 Apr 2020 Format PDF icon PPT icon XLS icon Request Sample

Key Market Insights

“Growing adoption of linseed products among cardiac patients supports the growth of the market”

The linseed oil market is expected to grow at a CAGR of 3.2% during the forecast period from 2023 to 2030, starting from US$ 840.43 Mn in 2021. The popularity of flaxseed is increasing due to its properties such as low saturated fat food constituents that aim to prevent and helps in the treatment of cardiovascular diseases. Thereby, patients having any kind of cardiovascular problems demands linseed or flaxseed-based products. Moreover, linseed oil helps in lowering cholesterol levels. The aforesaid reasons are the key actor for the growth linseed oil market during the forecast period.

Linseed is one of the best sources of omega-3 fatty acids that is vital for a person’s physical and mental health. Moreover, the trends of non-GMO linseed oil is increasing and manufacturers are launching new non-GMO linseed oil and thereby, fulfill the rising demand of consumers globally. For instance, recently, ADM launched fully refined non-GMO linseed oil. The oil can be used in a variety of products from supplements to pasta sauces. Thereby, increasing the demand for the market globally.

Application Analysis                                                                  

“Paints and varnishes dominates the linseed oil market in the year 2021”

Paints and varnishes are another huge territories of use that linseed oil adds to broadly. Customarily, the dominant part of linseed oil was utilized in paints, coatings, varnishes, and scarcely any other modern applications. Varnishes and paints produced using this item are as yet thought to be excellent premium class items and were the toughest. The item finds particular use as diluents in paints and coatings. The item's uses reach out to its side-effects got from flaxseed oil dinners that stay after oil extraction and are valuable in creature takes care of.

The rising interest in mechanical improvement as to preparing flaxseed for the extraction of oil is relied upon to drive the market over the figure time frame. Flaxseed oil contains alpha-linolenic corrosive (ALA) and basic unsaturated fat that is invaluable for coronary illness patients.

Linseed oil coatings and paints are porous. This gives it the property of not letting the wood under the applied paint from rotting concealed and influencing the nature of the paint in negative ways. Most linseed oil hues are safe to terrible impacts of climate. Linseed oil has a little sub-atomic size henceforth it is effectively vulnerable to applied surfaces. Linseed oil, in contrast with different hues, gives the most ideal bond. A one of a kind element of the bond is that the item expands its mass thickness after its application and consequently forestalls wood surface from water entering it. This keeps the wood from spoiling. Besides, the applied surface is doubly shielded from the sun's bright beams by the paint's own pigmentation.

Regional Analysis

“Asia Pacific is projected to grow at a considerable rate during the forecast period”

The Asia Pacific was the main provincial section and represented around 33% of the complete income in 2021. Expanding requests from China because of countless makers right now anticipated to move the local section over the conjecture time frame. As far as development spending, the most elevated development is probably going to be focused on the rising economies of Asia Pacific including China, trailed by India and Indonesia.

Developing interest for wooden insides right now foreseen to expand the territorial fragment. Expanding speculation for the creation of linseed oil in China is relied upon to observe powerful development attributable to expanding interest for the item from different nations through imports and fares.

List of Companies Covered:

  • ADM
  • Cargill, Incorporated.
  • Bartoline ltd.
  • Grupo Plimon
  • Rapunzel  Naturakost
  • Bioriginal Foods & Science Corp
  • Nature’s Brand, Inc.
  • Linolie Danmark Aps.
  • Gustav Heess GmbH
  • Henry Lamotte OILS GmbH
  • Natrol, LLC

Key Industry Developments:

  • In September 2016, ADM increased its product portfolio by launching Onavita. Onavita is non-GMO flaxseed oil and aims to provide cost-effective solutions to the customers. The Onavita offers plant-sourced omega-3s that are essential nutrients for humans.
  • In May 2017, Marico launched the Saffola Aura. Saffola Auro is a mixture of flaxseed and olive seed oil. The product has a composition of 80% of olive oil and 20% of flaxseed oil. 

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Linseed Oil market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Linseed Oil market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Application  
  • Pharmaceuticals  
  • Processed Food  
  • Flooring  
  • Paints & Varnishes  
  • Cosmetics  
  • Others  

Distribution Channel  
  • Hypermarkets & Supermarkets  
  • Retail Stores  
  • Direct Sales  
  • Online sales  
  • Others

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Linseed Oil market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Linseed Oil market?
  • Which is the largest regional market for Linseed Oil market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Linseed Oil market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Linseed Oil market worldwide?
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