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Palm oil and palm olein originate from the same plant, a palm species known as E. Guineesis. This plant grows in South East Asia, Africa and Latin America, and humans have been consuming various parts of it for over 5,000 years.
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- What is the growth rate of the flaxseed market?
- The flaxseed market is expected to be growing at a growth rate of 5.80% in the forecast period of 2021 to 2028 and is expected to reach USD 0.0020 million by 2028. The growing awareness related to the health benefits of Flax seed will act as a driving factor to the growth of the flaxseed market.
- What is the flaxseeds market size in 2023?
- In 2023, the Flaxseeds Market size was estimated at USD 0.79 billion. The report covers the Flaxseeds Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Flaxseeds Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
- What is the flax seeds market report?
- The Flax Seeds Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Includes the Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis.
- Which countries produce flax seeds?
- This kind of product launch targets health-conscious customers, thereby aiding the market's growth. Kazakhstan, China, India, Australia, and Iraq are the major producers and consumers of flax seeds in the region. Kazakhstan alone accounts for about 33.8% of the total harvested area, with over 1.34 million hectares in 2022, according to the FAOSTAT.
- What factors are expected to boost the growth of flaxseed market?
- Major factors that are expected to boost the growth of flaxseed market in the forecast period are the increasing consciousness regarding the health benefits of Flax seed like helping with the weight reduction, affecting the systolic and diastolic blood pressure, improvising the hair density and length and so forth.
- What is the segmentation of flaxseed products market?
- Based on the application, the flaxseed products market is segmented into food, feed, pet food, paper and pulp, textile and other. Food is further sub segmented into energy bars, bakery products and breakfast cereals. Other is further sub segmented into personal care, biofuel, building construction among others.
