Linseed Oil to Witness US$ 15,032.5 Million Market Opportunity by 2033 Amid Increased Demand in Paint and Varnish Industries
Zion Market Research has published a new report titled “Linseed Oil Market: by Nature (Organic and Conventional), by Product Type (Raw Linseed Oil, Boiled Linseed Oil, Double-Boiled Linseed Oil, and Others), By Application (Dietary Food, Pharmaceuticals, Paint & Textile Industry, Leather Industry, Animal Feed, Personal Care, Processed Food, and Others), and by Distribution Channel (Online Retailers, Grocery Stores, Wholesaler, and Supermarkets): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”.
According to the worldwide linseed oil market experienced significant growth, with a compound annual growth rate (CAGR) of 5.3% from 2018 to 2022. It is projected to reach a value of US$8,800.5 million in 2023. The study also anticipates that global linseed oil sales will continue to rise, with a projected CAGR of 5.5%, reaching a market size of US$ 15,032.5 million by the conclusion of 2033.
The global linseed oil market has registered considerable CAGR value over the forecast period owing to increasing applications in automotive and paints and coatings industries. Linseed oils are widely used in the manufacturing of various products including gliding, flooring, nutritional supplement, linoleum, paints, putty, food processing, and others. Linseed oil in combination with different types of resins and solvents is used in creating impregnators, linoleum, and varnish for various industrial applications. It has been speculated that the lipid components of flax, especially omega-3 fatty acids, may have beneficial health effects. However, it has been also suggested that more human trials are needed to confirm the protective role of flaxseed products against coronary artery disease or hyperlipidemia.
Based on nature, the global linseed oil market has been classified into organic and conventional. The organic segment is expected to account for the largest share in terms of revenue. Moreover, the segment is anticipated to register significant CAGR value over the horizon owing to the rising demand from consumers for organic personal care and cosmetics products. As organic linseed oil is highly used in skin moisturizers, shampoos, and conditioners owing to its anti-inflammatory properties, the segment is likely to gain a positive impact.
The global linseed oil market has been divided into dietary food, paint & textile industry, pharmaceuticals, leather industry, processed food, animal feed, personal care, and others, which is based on its applications. The dietary supplement segment is anticipated to gain substantial growth over the forecast period. The increasing consumer awareness regarding the nutritional health benefits of linseed oil is driving market growth. As linseed oil is rich in omega-3 fatty acids and has high fiber content, the demand for such food products is gaining traction. Owing to its anti-inflammatory properties, the oil is also used to relieve inflammation and pain, which is further boosting the market presence.
The major key players associated with the global linseed oil market are -
- ECO Overseas
- Hangzhou Choisun Biotech Co. Ltd.
- Alberdinnk Boley GmbH
- Sarika Venture Pvt. Ltd.
- Sanmark Corp.
- Spectrum Chemicals Mfg. Corp.
- OPW Ingredients
- Jajjo Brothers
- AOS Products Pvt. Ltd.
- Natrol LLC
- Krishi Oils Ltd.
- Henry Lamotte Oils GmbH
- Gustav Heese GmbH
- Archer Daniels Midland Company
- Cargill Inc.
This report segments the global linseed oil market as follows:
Global Linseed Oil Market: Nature Segment Analysis
- Organic
- Conventional
Global Linseed Oil Market: Product Type Segment Analysis
- Raw Linseed Oil
- Boiled Linseed Oil
- Double-Boiled Linseed Oil
- Others
Global Linseed Oil Market: Application Segment Analysis
- Dietary Food
- Pharmaceuticals
- Paint & Textile Industry
- Leather Industry
- Animal Feed
- Personal Care
- Processed Food
- Others
Global Linseed Oil Market: Distribution Channel Segment Analysis
- Online Retailers
- Grocery Stores
- Wholesaler
- Supermarkets
Global Linseed Oil Market: Regional Segment Analysis
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- Middle East and Africa
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