North America Flaxseeds Market Size, Share & Industry Trends Analysis Report By Product (Ground Seed, and Whole Seed), By Application (Food, Animal & Pet Food, and Others), By Country and Growth Forecast, 2023 - 2030

North America Flaxseeds Market Size, Share & Industry Trends Analysis Report By Product (Ground Seed, and Whole Seed), By Application (Food, Animal & Pet Food, and Others), By Country and Growth Forecast, 2023 - 2030

The North America Flaxseeds Market would witness market growth of 12.5% CAGR during the forecast period (2023-2030).

Flaxseeds, also known as linseeds, have gained immense popularity recently due to their remarkable health benefits and versatility in culinary applications. The market has witnessed significant growth as consumers increasingly seek nutritious and plant-based ingredients to incorporate into their diets. The seeds have many applications in the food and non-food sectors. Their versatility has contributed to their growing demand across various industries.

Flaxseeds are widely used in the food industry as a nutritional ingredient. They are incorporated into various products, including bread, cereals, granola bars, muffins, and yogurt, to enhance the nutritional profile of these items. These seeds are also employed as a vegan egg substitute in baking. Flax seed oil and flax seed powder are mostly used in dietary supplements due to their high content of essential fatty acids, particularly alpha-linolenic acid (ALA) omega-3 fatty acids. These supplements are marketed for their potential cardiovascular and overall health benefits.

Food security initiatives in the United States often focus on diversifying food sources to ensure a stable and nutritious food supply. Flaxseeds can be valuable to a diversified diet due to their rich nutrient content. Throughout 2021, 89.8% (or 118.5 million) of American households had enough food. Essentially, it is the same as 89.5 percent in 2020, or a little different. Additionally, a federal program called the Supplemental Nutrition Assistance Program (SNAP), formerly known as Food Stamps, gives eligible low-income people and families money to spend on food. It is one of the largest food assistance programs in the United States and is crucial in reducing food insecurity. Consumers can also purchase seeds like Flaxseeds using their SNAP benefits. Therefore, all these factors will help expand the market in the North America region.

The US market dominated the North America Flaxseeds Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $323,245.7 Thousand by 2030. The Canada market is experiencing a CAGR of 15.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 14.1% during (2023 - 2030).

Based on Product, the market is segmented into Ground Seed, and Whole Seed. Based on Application, the market is segmented into Food, Animal & Pet Food, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cargill, Incorporated, Archer Daniels Midland Company, Richardson International Limited (James Richardson & Sons, Limited), TA Foods Ltd., Johnson Seeds Ltd., AgMotion, Inc., CanMar Foods Ltd., Simosis International and Stokes Seeds

Scope of the Study

Market Segments covered in the Report:

By Product

• Ground Seed
• Whole Seed

By Application

• Food
• Animal & Pet Food
• Others

By Country

• US
• Canada
• Mexico
• Rest of North America

Companies Profiled

• Cargill, Incorporated
• Archer Daniels Midland Company
• Richardson International Limited (James Richardson & Sons, Limited)
• TA Foods Ltd.
• Johnson Seeds Ltd.
• AgMotion, Inc.
• CanMar Foods Ltd.
• Simosis International
• Stokes Seeds

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