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Linseed Oil Market Share

Report ID: GMI1281
Published Date: Apr 2022
Report Format: PDF

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Linseed Oil Market Share

Key players in the linseed oil market are

Cargill, Inc.
Vandeputte Oleochemicals
Gustav Heess Oleochemische Erzeugnisse GmbH
Henry Lamotte Oils GmbH
KH Chemicals
Archer Daniels Midland (ADM) Company
Shape Foods, Inc.
Jamieson Natural Sources
Falcon
ConnOils, LLC.

The companies are engaged in extensive research & development to develop innovative products to improve the quality & quantity of poultry meat yield. For instance, in December 2021, Cargill Inc. entered into an agreement with Croda for acquiring the majority of its industrial chemicals and performance technologies for USD 1.03 billion. This will boost the bio-industrial segment of Cargill Inc. by serving the manufacturers requiring greener ingredient solutions.

In April 2021, Vandeputte Oleochemicals completed the construction of the world’s largest linseed oil plant, ASVA, in the Rostov region. This plant is the joint venture of ASTON (Russia) and Vandeputte Oleochemicals. It focuses on technological processing for double pressing linseed oil extraction having a production capacity of around 450 tons per day allowing the company to cater to a greater global demand.

In September 2021, Croda International Plc. opened its crop care product validation center in Brazil for facilitating product development, strengthening its position in the agrochemical market. This strategic development will help in boosting the market of linseed oil owing to its applications in crop care products.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Global market for linseed oil crossed USD 2.85 billion in 2021 and is anticipated to register over 5.5% CAGR between 2022 and 2028.

Raw linseed oil market value is predicted to exceed USD 1.25 billion by 2028 as the average income level of the global population is growing every year, thereby enabling them to splurge on expensive raw linseed oil.

The food application segment will be valued at over USD 910 million in global linseed oil industry by 2028 due to the rising awareness of the health benefits of this oil among customers.

Vandeputte Oleochemicals, Cargill, Inc., Henry Lamotte Oils GmbH, Archer Daniels Midland (ADM) Company, KH Chemicals, Jamieson Natural Sources, and Shape Foods, Inc., among many others, are the top participants in this market.