Global Linseed Oil Professional Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Linseed Oil Professional Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Linseed oil, also known as flaxseed oil, is a colorless to yellowish oil obtained from the dried, ripened seeds of the flax plant. The oil is obtained by pressing, sometimes followed by solvent extraction.

Market Overview:

The latest research study on the global Linseed Oil Professional market finds that the global Linseed Oil Professional market reached a value of USD 948.07 million in 2022. It’s expected that the market will achieve USD 1143.89 million by 2028, exhibiting a CAGR of 3.18% during the forecast period.

Influence of COVID-19 Outbreak on Linseed Oil Industry Development

More than 5.98 million people have died from COVID-19 since the outbreak began, and the death toll continues to rise. At present, the global economy continues to recover, but due to supply chain disruptions, the uncertainty of the epidemic has increased, the uncertainty of global economic recovery has increased, and the recovery momentum has weakened. It was the worst global recession in decades, despite a massive effort by governments to fight it, backed by fiscal and monetary policy. But in the longer term, a severe recession caused by the pandemic is expected to lead to a prolonged downturn in the economy by reducing investment. The recession could get worse if the COVID-19 outbreak continues, if restrictions on liquidity are extended or reintroduced, or if economic activity is disrupted for a prolonged period. Businesses may struggle to service debt, increased risk aversion could lead to higher borrowing costs, and bankruptcies and defaults could lead to financial crises in many countries.

The outbreak has had a complex impact on the Linseed Oil industry. First, for the Linseed Oil industry, the outbreak has had an impact on the production plans of companies in the Linseed Oil industry. Due to the outbreak of the COVID-19 outbreak, the flax cultivation industry has been affected to a certain extent, which may lead to a reduction in the production of flaxseed. In addition, during the outbreak of the epidemic, many manufacturing industries were severely affected, and factories were suspended, including food processing fields, skin care products, etc. As a result, the downstream market demand for Linseed Oil decreases.

From the perspective of sales, the logistics industry has been hit hard by the impact of the epidemic. The country imposes controls on domestic traffic and the movement of people, and imposes restrictions on import and export commodities. This resulted in varying degrees of logistical disruption, inventory and shipping delays for Linseed Oil during the sale. At present, the logistics industry in various countries is gradually resuming operations according to different national policies.

Drivers

Flaxseeds are known for their rich nutritional value, including providing a lot of protein and fiber, reducing appetite and helping with weight management. Linseed Oil, on the other hand, is made from flaxseed that has been ground and pressed to release its natural oils, so it also has great nutritional value.

For example, Linseed Oil is rich in Omega-3 fatty acids. Omega-3 fatty acids can reduce the amount of bad cholesterol and triglycerides in the blood of low-density lipoprotein (LDL), while raising the amount of good cholesterol in high-density lipoprotein (HDL). Omega-3 fatty acids also make blood vessels more unobstructed, healthier and more elastic, while reducing cholesterol-packed platelets and preventing the formation of blood clots that can block blood vessels. Therefore, Linseed Oil can improve heart health and help reduce the risk of heart attack or stroke.

Linseed Oil can also achieve the effect of lowering blood sugar and preventing diabetes. Diabetics typically have higher triglycerides and lower high lipoprotein levels, and omega-3 fatty acids can help reduce diabetes-causing triglycerides and apoproteins while increasing high lipoprotein levels content.

In addition, Omega-3 fatty acids have anti-inflammatory properties, which can reduce swelling and pain and relieve the discomfort of arthritis. Clinical studies have proven to reduce morning stiffness and discomfort, joints are not sore or swollen when touched, and fatigue is reduced. Therefore, using Linseed Oil can help reduce inflammation.

Overall, there are many benefits to using Linseed Oil, and the nutritional value of Linseed Oil is one of the driving forces behind the industry.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

Hongjingyuan is one of the major players operating in the Linseed Oil Professional market, holding a share of 2.39% in 2022.

Hongjingyuan, founded in 1983, is a large-scale modern private enterprise focusing on linseed oil production and integrating R&D, sales and service. Hongjingyuan is the drafting unit of China's national standard for linseed oil, the winner of China's well-known trademark, and the key leading enterprise of agriculture and animal husbandry industrialization in Inner Mongolia Autonomous Region, which is protected by the local government.

JunXingFang Company focuses on the research and development of linseed industry, and is mainly engaged in the intensive processing of linseed edible vegetable oil, the research and development of linseed series health products and the development of health industry. It has developed four brands, namely Junxingfang, Yixing, Zhenzhi Flax and Maxiangwei. Its main products include more than 50 items in four categories, including linseed oil, linseed full nutrition dietary supplement, linseed protein and linseed natural nutrition extract. A comprehensive utilization system of agricultural products has been formed, which integrates the whole industrial chain of R&D, planting, warehousing, processing and marketing.

Segmentation Overview:

Among different product types, Edible segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Paints & Varnishes segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Linseed Oil Professional market covered in Chapter 3:

Bioriginal Food & Science Corp.
JunXingFang
Vandeputte
Hongjingyuan
Cargill, Inc.
Krishi Oils Limited
AOS Product Private Limited
Bio Oils
Fueder
Henry Lamotte Oils GmbH
Datong Huajian
Connoils
Yihai Kerry Arawana Holdings Co., Ltd.
Scaldis-Ruien NV
Shape Foods Inc
Welch
Gustav Heess GmbH
Archer Daniels Midland Company

In Chapter 4 and Chapter 14.2, on the basis of types, the Linseed Oil Professional market from 2018 to 2029 is primarily split into:

Edible
Non-edible

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Linseed Oil Professional market from 2018 to 2029 covers:

Paints & Varnishes
Flooring
Processed Food
Cosmetics
Pharmaceuticals
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)