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Flaxseed Derivatives Market Research Report – Global Forecast till 2023
2 Market Overview
Flax is a plant which belongs to the family of Linaceae with seeds known as flaxseed or linseed. There are two basic
varieties of flaxseed, namely brown flax and golden flax, where golden flax is also called yellow flax. The golden
flaxseed has a nutty-buttery flavor and an attractive golden color which is highly used in culinary preparations for its
taste and color. Flaxseed is rich in omega-3 essential fatty acids and fibers among others, due to which preference
for flaxseed derivatives are growing among the health-conscious consumers across the globe.
Consumption of flaxseed in regular diet offers several benefits to the overall health. The alpha-linolenic acid (ALA)
found in flaxseed, helps in reducing cholesterol. Flaxseed enhances skin and hair health, controls diabetes, and
reduces the circulation of C-reactive protein, thereby, lowering body inflammation. Growing health awareness and
the advancements in online retail is boosting the sales of supplements containing flaxseed oil and other derivatives
as an ingredient. This demand, in turn, is expected to fuel the global flaxseed derivatives market during the forecast
period.
Regional Analysis:
Globally, North America is expected to dominate the flaxseed derivatives market. Growing health awareness, high
demand for clean label products, and the growing vegan population are influencing the consumption of flaxseed
derivatives in the region. Furthermore, flax crops are widely used to feed pets and as textile flax fiber among others.
Canada is the largest producer of flax crop in the region.
Asia-pacific is expected to register the highest CAGR in the flaxseed derivatives market during the forecast period
due to rapid urbanization, increased consumer spending and the introduction of various flaxseed meal products by
food manufacturers. High agricultural practices in countries such as China and India are further boosting the
consumption of flaxseed in the region
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