Linseed Oil Market Analysis

Linseed Oil Market Analysis

The raw linseed oil market is projected to reach over USD 1.25 billion by 2028, growing at a CAGR of over 5 %. Increasing population, growing income levels, and rapid urbanization are expected to increase household & commercial applications, in turn, increasing the demand for raw linseed oils. The rising living standards in developing countries and increasing spending on premium lifestyle are increasing the demand for delicate interior designs, in turn, propelling market share.

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Favorable schemes & initiatives undertaken by governments along with manufacturers and suppliers of different countries across the world to encourage organic and advanced farming activities should further raise the product demand. For instance, Key players including Cargill Inc., Jamieson Natural Resources and Henry Lamotte Oils Gmbh are focusing on their dealership expansion to increase the net sales.

Global linseed oil market includes paints & varnishes, animal nutrition & care, pharmaceuticals, foods, cosmetics, and nutraceutical supplements. The global market for linseed oil from food application is anticipated to surpass USD 910 million by 2028 growing at a CAGR of over 5.5%. Linseed oil provides nourishment and enhances the overall health, which is increasing its popularity in the food & supplement industry. Increasing awareness about health benefits of linseed oil is expected to propel the demand for food & nutraceutical supplements during the forecast period.

Rising health consciousness and increasing disposable income have raised the demand for premium supplements and fortified food products, boosting the linseed oil industry demand. Increasing usage of linseed oil as a functional food ingredient in a wide range of food products such as juices, baked foods, muffins, milk & dairy products, dry pasta products, meat products, and macaroni, among other is propelling market outlook over the past few years.

Shift of health-conscious consumer towards healthy diet and food habits have boosted consumption of food products enriched with nutritional ingredients.

Linseed oil has been used for food for centuries in Asia pacific region. High production of flaxseed in China, India, & Australia and the strong presence of linseed oil manufacturers & suppliers in the region are major factors fueling the growth of the linseed oil market in Asia Pacific. Growing awareness regarding the health benefits offered by linseed oil in the pharmaceutical and food industry is anticipated to positively influence the regional market statistics over the projected period.

Rising trends of industrialization and urbanization across emerging countries including China, Indonesia, and India have led to a rapid rise in construction activities, which has generated high demand for linseed oil for its application in painting, flooring, and varnishing. Rising construction investment in the residential building across Asian countries due to the growing population drives demand for paints and varnishes, further escalating linseed oil market forecasts. Additionally, rapid infrastructural growth resulted in the tremendous demand for wood products, which is further is expected to fuel the market demand in Asia Pacific.