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

Global Linseed Oil 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 market finds that the global Linseed Oil market reached a value of USD 945.3 million in 2022. It’s expected that the market will achieve USD 1151.28 million by 2028, exhibiting a CAGR of 3.34% during the forecast period.

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.

The rich nutritional value of Linseed Oil

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.

Increased demand for Linseed Oil in cosmetic industry

With the rise of people's income level, the quality of life has been greatly improved. It is not limited to eating and drinking, but also pays more attention to the enjoyment of life. Therefore, people's demand for cosmetics continues to rise, and the market size of the cosmetics industry continues to expand. In cosmetics, adding Linseed Oil has many benefits. Linseed Oil is rich in Omega-3 fatty acids. Omega-3 fatty acids keep skin well-balanced and hydrated. It can strengthen the flexible cell membrane around each cell, so that the cells can be adequately nourished, and at the same time, it can effectively remove the waste in the cells. It makes the dermis secrete stronger collagen and elastic fibers, helping to eliminate wrinkles and fine lines, and firming and sagging skin. A lack of omega-3 fatty acids can cause many common skin problems. Examples include rough skin, dense blemishes, acne, blackheads and whiteheads.

Region Overview:

Geographically, China held the largest market share -- 41.06% in 2022.

Company Overview:

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

Hongjingyuan

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

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 2027.

Edible

It refers to edible Linseed Oil, mainly linseed oil used for cooking and some health care capsules.

Non-edible

It refers to the inedible Linseed Oil, which is often used in paint and wood furniture production.

Application Overview:

The market's largest segment by application is the segment Processed Food, with a market share of 51.76% in 2022.

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

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

In Chapter 4 and Chapter 14.2, on the basis of types, the Linseed Oil 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 market from 2018 to 2029 covers:

Paints & Varnishes
Flooring
Processed Food
Cosmetics
Pharmaceuticals
Others

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)