Flax seed, also known as linseed, is a food and fiber crop that is cultivated in the lower temperature regions of the world. Grown as an ornamental plant in gardens, flax seed is well known for its oil and its nutrient benefits in many industries, like textiles, paper and wood finishing products.
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Flax seed and its oil are marketed as healthy food products. Consumers developing consciousness about health and wellbeing are driving the market demand for flax seed across the globe. Flax seeds can be used to make bread, cereal, cracker, energy bar, oil, snacks, and pet food.
Due to its richness in liagnins and omega-3 fatty acids, flax seeds continue to gain popularity as multi-beneficial fibers. Canada, China, Russia, India, the United Kingdom and the United States, are the major flax seed producing countries, with Canada being the major producer and trader. The global production for flax seed is reported to be 1.6-2 million metric tons annually. The United States, China and some European countries, like Germany and Netherlands, are the major importers of flax seeds.
The United States and China together account for 70% of the global flax seed imports. In the United States, the usage of flax seeds in baked goods has increased more than twice. The market for flax products in Asia and North America is set to grow significantly in the near future. Russia is the major exporter of the commodity and other countries such as Argentina, China, Kazakhstan, Peru and Ukraine are also contributing significantly to the flax seed export market.
The increasing health benefits as a result of the consumption of flax seed and flax oil have been the major factor driving the market. The market has seen a major shift with China and the United States emerging as the growing markets. Efforts are being made to re-establish the position of the European countries as major consumers of flax. Canada has been experiencing a significant drop in flax exports and acreage, because of weather conditions and the detection (in the fall of 2009) of CDC Triffid seeds (a genetically modified (GM) variety) in shipments to the European Union.
The second largest global market, China, has picked up its interest about flax seeds over the past one year. Ukraine is facing price fluctuations as the crop prices increased from USD 450/metric ton to USD 560/metric ton in 2012. To strengthen the countryâ€™s competitiveness in the export market, cancellation of the export duty on flaxseed is important for Ukraine. While the average price of flax seeds was in the range of USD 520-550 per metric ton, European prices remained stable between USD 550-600/metric ton.
Demand for flax as a functional food and feed additive is expected to grow exponentially worldwide in the coming years. Some of the major global flax trading companies include S.S Johnson Seeds, CanMar Grain Products Ltd., Stokke Seeds, Simosis International, Sunnyville Farms Ltd., Richardson International, Flax USA, Reimers Seed Company, and Howe Seeds.
These companies, along with other mainstream food companies, are accelerating their efforts to develop the technology in order to effectively produce flax and its products. Collective and cooperative efforts of producers, the seed industry, seed growers, registered buyers and governments, are needed for the holistic growth of the global flax demand and trade.
Market analysis for the global flax market, with region-specific assessments and competition analysis on the global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on the global and regional scales
Extensively-researched competitive landscape section with major export-import trading companies
Identification and analysis of the macro and micro factors that affect the global flax market on both the global and regional scales
A comprehensive global supply-chain analysis along with the region-wise regulations, policies and trading sentiments.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major trading countries/regions in which this industry is blooming, to identify the regions that are still untapped.
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