As per our research Report, the Flax seeds for Animal Feed Market is forecasted to grow at a CAGR of 12.7% from 2024 to 2030.
Flax seeds, also called flax or linseed, is a flowering plant. Flax seeds are most commonly grown as food and fibre crops in countries with temperate climates. Textiles manufactured using linseed are referred to in Western nations as linen and are customarily used for bed sheets, tablecloths, etc. The oil produced from flax seeds is called flaxseed oil or linseed oil. The unspun fibres of the flax plant may also be named after the term "flax," in addition to the plant itself. Flax seeds are a very famous food ingredient due to the number of benefits it provides to humans and animals. They are hoarded with nutrients, including protein, fibre, and omega-3 fatty acids, along with several essential vitamins and minerals. ALA, a type of omega-3 fatty acid that may have numerous advantages for heart health, is abundant in flaxseed. The lignans found in flaxseed may help slow the spread of cancer. Flaxseed also aids in promoting regular bowel movements and betters gut health. The high fibre content of flaxseed may help in reducing cholesterol levels and enhancing heart health. Flaxseed may also be specifically useful for those with high blood pressure, as it might assist with bringing down this market of heart health. Due to these numerous advantages, the global flax seeds for animal feed market is expected to have a fast CAGR during the forecasted period.
Flax seeds are beneficial for animals as they consist of a variety of nutrients, including high protein, fibre, magnesium, choline, manganese, and fatty acids like omega-3, which aids animals in improving digestive health, strengthening the immune system, improving skin and coat health and decreasing inflammation. Therefore, this element propels the demand for flax seeds in animal feed. With the increasing consciousness regarding the harmful effects of chemicals in conventional flax seeds, many people have started to change to natural and organic flax seeds as they lack pesticides and detrimental chemicals, making them safe to eat for animals. Additionally, organic flax seeds offer animals with maximum benefits compared to conventional flax seeds. Therefore, this factor also boosts the demand for flax seeds in animal feed.
The global flax seeds for animal feed market is facing challenges, especially in terms of the negative effects of overconsumption of flax seeds and limited shelf-life. Overconsumption of flax seeds can have poisonous effects on animals, including bloating, gas and in worse cases, vomiting, and diarrhoea. Furthermore, flax seeds need to be refrigerated once they are in powder or ground form. This can restrict their overall lifespan. Thus, these challenges affect the growth of global flax seeds in the animal feed market. The expansion of flax seeds to the aquaculture industry exhibits a lucrative opportunity in the global flax seeds for the animal feed market. Given the expanding demand for flax seeds due to the positive health benefits that they provide to animals, major flax seed companies can stand to gain majorly from this opportunity by expanding their product to the aquaculture industry as flax seeds include omega-3 fatty acids that are essential for the growth and development of the fish, to widen their customer base and boost their overall revenue.
The outbreak of the COVID-19 pandemic substantially affected the global flax seeds for animal feed market. The imposition of strict lockdowns, traveling restrictions and social distancing measures across several countries hindered many companies' manufacturing capacities and caused a shortage of skilled workforce. The pandemic caused disturbances in supply chains and distribution of goods and services, which highly affected the availability and cost of flax seeds, especially high-quality ones, for animal feed. These factors detrimentally impacted the growth of the global flax seeds for the animal feed market. Despite these hurdles, the global flax seeds for animal feed market is estimated to recover and grow in the upcoming years.
Key Market Insights:
Based on nature, the global flax seeds for the animal feed market are fragmented into organic flaxseed and conventional flaxseed. In 2022, the organic flaxseed segment held the highest market share. The growth can be attributed to the lack of pesticides and harmful chemicals in organic flax seeds in comparison to the conventional ones, which makes them safe to consume for animals. Additionally, organic flax seeds have heavy nutritional value, including protein, fibre and omega-3 fatty acids and provide a number of health benefits to animals, such as improved digestion, better skin and coat health, decreased inflammation, and boosted immune system, which further pushes this segment's growth.
In 2022, the ground flaxseed segment held the largest market share. The growth can be dedicated to ground flax seeds being easier to digest than whole flax seeds. Whole flax seeds consist of phytic acid, which makes it hard for animals to absorb nutrients. Moreover, these flax seeds may pose a choking hazard for animals as they are indigestible. Due to these reasons, many individuals prefer to feed their animals the ground form to facilitate them with the highest benefits of flax seeds. The inclusion of ground flax seeds in the animal feed also aids in not disturbing the consistency and texture of the animal food.
In 2022, hypermarkets and retail stores collectively held the largest market share in the global market and are expected to hold dominance during the forecast years as well. However, due to the alteration in consumption patterns and changed behaviour toward online platforms, the online distribution channel mode is expected to expand the fastest during the outlook period.
In 2022, the region of North America held the dominant share of the global flax seeds for the animal feed market. The growth can be directed to the high production of flax seeds in the nations of the United States and Canada, the rising adoption of organic flax seeds due to the potential health benefits for animals, and the escalating demand for ground flax seeds for better digestibility for animals. Canada is also one of the largest cultivators of flax seeds across the globe, which not only produces flax seeds for human consumption but for animal feed as well. Additionally, the region is home to several crucial market players, including Archer-Daniels-Midland Company, Richardson International Limited, CanMar Foods Ltd., AgMotion, Inc., and Avena Foods Limited.
Asia-Pacific is expected to be the fastest-growing region during the forecast period, owing to the accelerating demand for flax seeds in countries, such as China, India, and Japan, due to the potential health advantages that it gives to humans and animals.
Middle East and Africa
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