Global Linseed Oil Market By Overview
Linseed oil is an essential oil extracted from the seeds of flax plants by cold pressing method. Linseed oil has been used in traditional medicines in order to improve the quality of hair as well as skin. This oil is not only used to regulate blood pressure but also for weight management. Linseed oils are used in the manufacturing of various products including putty, paints, gliding, wood finish, floorings, nutritional supplements, and food processing. Linseed oil is a source of ALA (alpha-linolenic acid) which is a precursor of essential omega-3 fatty acids EPA (eicosapentaenoic acid).
Global Linseed Oil Market By Drivers & Restraints
Growing demand for linseed oil owing to its increasing end-use applications in paint, wood finish, putty, nutritional supplement, and gilding is a major factor driving the growth of the global linseed oil market. Additionally, increasing awareness about the medical benefits of this oil in turn is creating its demand which is propelling growth of the global linseed oil market.
Furthermore, rising demand for linseed oil due to its ability to reduce the risk of cancer as well as of cardiovascular diseases are major factors expected to fuel the growth of the target market over the forecast period. However, linseed oil causes eye and skin irritation which is a key factor restraining the growth of the global linseed oil market.
Global Linseed Oil Market By Segmentations & Regional Insights
linseed oil market has been segmented into nature, product type, application, distribution channel, and region.
On the basis of nature, the global linseed oil market is categorized as organic and conventional. On the basis of product type, the target market is segmented as raw linseed oil, boiled linseed oil, and double-boiled linseed oil. On the basis of application, the target market is classified dietary food, pharmaceuticals, paint and textile industry, leather industry, animal feed, personal care, and processed food. On the basis of distribution channel, the global linseed oil market divided as online retailers, grocery stores, wholesalers, and supermarkets.
Regional Insights:
On the basis of region, the global linseed oil market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market in North America is expected to account for major revenue share as compared to that of other regions. This can be attributed rising investments in crop yield and harvesting activities for linseed oil production in the countries of the region. Also, the market in Europe is expected to account for second-highest revenue share in the global market, followed by the market in Asia Pacific.
Global Linseed Oil Market By Competitive Landscape & Key Players
Key players operating the global linseed market includes Gustav Heess GmbH & Co. KG, Henry Lamotte Oils GmbH, Natrol LLC, WS Lloyd Limited. Krishi Oils, Ltd., American Linseed Oil Co., Cargill Incorporated, Archer Daniels Midland Company, Bartoline Limited, and Henry Lamotte Oils GmbH.
FAQs
Linseed oil market has been segmented into nature, product type, application, distribution channel, and region.
Growing demand for linseed oil owing to its increasing end-use applications such as in paint, wood finish, putty, nutritional supplement, and the gilding is a major factor driving the growth of the global linseed oil market.
The market in North America is expected to account for major revenue share as compared to that of other regions. This can be attributed to rising investments in crop yield and harvesting activities for linseed oil production in the countries of the region.
The prominent key operating in the global market have adopted key strategies such as collaborations, mergers, acquisitions, and partnerships to strengthen their market outreach and sustain the stiff competition in the market. For instance, in August 2017, ADM Company expanded its plant-based extraction production line to include antioxidants, acerola, green tea, and tropical fruit blends, which are rich in nutritional ingredients and Vitamin C.