Linseed Oil Market Valued at US$ 13,972.5 Million in 2033

According to forecasts, the linseed oil market will be worth US$ 7,904 million in 2023 and US$ 13,972.5 million in 2033. From 2018 to 2022, the industry experienced a CAGR of 2.4% growth.

Because of scientific and technological improvements, growing flax plants is now largely done for the purpose of pressing linseed oil. It is used in the leather industry as well as to lubricate paints and varnishes. The aforementioned applications are expected to drive cold-pressed flaxseed oil demand during the next ten years.

Linseed oil is dangerous and prone to starting fires, hence decreases in demand are projected during the projection period. The use of it in infant goods is not advised because it irritates the skin and eyes when touched.

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Profitable Market Opportunity

The increased use of linseed oil as a result of its multiple health benefits is expected to contribute to the expansion of the worldwide linseed oil business. Linseed oil includes ALA and omega-3 fatty acids, which assist to reduce inflammation, slow the ageing of the brain, and improve heart health. Numerous studies have been conducted in an attempt to prove definitively that drinking linseed oil decreases the growth of cancer cells. As a result, market players will most likely have a profitable opportunity.

Key Takeaways

  • By 2033, the linseed oil market in the United Kingdom is likely to expand, with the CAGR of 4.8%.
  • In 2022, the United States expanded effectively in the linseed oil sector, with a share of 8.8%.
  • The linseed oil market was significantly expanding, with a size of US$ 7,600 million in 2022.
  • By 2033, the linseed oil industry in China is likely to expand, with a CAGR of 4.6%.
  • In 2022, Australia projected to expand in the linseed oil business, with an expected share of 2.4%.
  • The market is expected to grow at a US$ 10,719. 87 million valuation by 2028, with rising health awareness.
  • By 2033, India is projected to expand significantly in the linseed oil sector, with a share of 17.9%.
  • Japan’s linseed oil market share expanded significantly, with a 4.2% share in 2022.
  • In 2022, paint & textile dominated the market with a leading share. It is anticipated to control the market by 2033 in terms of application.
  • Based on product type, raw linseed oil is expected to dominate the market during the forecast period.

Effective Approaches by Key Players

The demand for linseed oil is likely to increase as a result of beneficial programs and initiatives launched by governments and producers. Suppliers from several nations worldwide are promoting sophisticated and organic farming practices.

Recent Developments

  • In August 2017, ADM Corporation added green tea, acerola, antioxidants, and mixes of tropical fruit to their plant-based extraction production line. There is a lot of vitamin C and other beneficial components in these products.
  • In September 2021, Croda International Plc. opened the doors to its crop care product validation center in Brazil, strengthening its position in the agricultural industry and promoting product development. This tactical approach is advantageous for the market, because crop care goods utilize it.

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Key Segments

By Nature:

  • Organic Linseed Oil
  • Conventional Linseed Oil

By Product Type:

  • Raw Linseed Oil
  • Boiled Linseed Oil
  • Double-boiled Linseed Oil
  • Other Types

By Application:

  • Dietary Food
  • Pharmaceuticals
  • Paint & Textile Industry
  • Leather Industry
  • Animal Feed
  • Personal Care
  • Processed Food
  • Others

By Distribution Channel:

  • Online Retailers
  • Grocery Stores
  • Wholesalers
  • Supermarkets

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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