Linseed oil is gaining significant prominence as a dietary supplement in the nutraceutical and pharmaceutical industry. The fluctuating prices of flaxseed, a fundamental material used in the production of linseed oil, are expected to boost the market growth for linseed oil. Moreover, the health benefits associated with linseed oil have amplified its demand in the food and cosmetics industry. This has led to it being increasingly used in various food items including dairy products, baked goods, dried noodles, and processed meats. It can also be used as a substitute for other types of oils in flavouring agents, dips, and sauces. Furthermore, government authorities around the world are promoting initiatives associated with organic and advanced farming activities. Against this backdrop, the linseed oil market is expected to gain significant momentum in the coming years.
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High Demand from Cosmetics Industry Unleashes Novel Business Outcomes for Linseed Oil Market
Modern consumers are more inclined towards organic cosmetic products. As a result, the demand for organic ingredients such as linseed oil is growing. It makes for a great substitute for artificial ingredients and has a rich concentration of alpha-linolenic acid (ALA) and vitamin E. Moreover, its anti-inflammatory, regenerative, and healing properties help in treating flaky, rough, irritated, and dry skin. It nourishes the skin by increasing moisture content and can also be applied directly to the skin. Hence, it helps in skin softening and moisturising. Being cognizant of this, key manufacturers are utilising linseed oil for producing cosmetic products such as masks and moisturisers. These factors are making tremendous contributions toward holistically expanding the linseed oil market.
Increased Application in Paint, and Textile Industries to Unfold New Dynamics for Linseed Oil Market Expansion
Apart from its cosmetic applications, linseed oil has also found its usage in the paint and textile industry. Owing to its polymer-forming property, it is largely being utilised with several solvents and resins as an impregnator and linoleum in the paints coatings sector. It offers excellent finishing to a surface, making it clear and glossy. Besides, it has fast-drying, bonding, and film-forming capabilities. Hence, they are blended with solvents and used for painting on the interiors and exteriors of house walls, vehicle bodies, and corporate buildings. Thus, the adoption of linseed oil is projected to increase with promising growth in the automotive and consumer goods industry. Such a scenario is expected to steepen the growth trajectory for the linseed oil market.
North America to Emerge Dominant in Global Linseed Oil Market
North America is likely to hold a lion’s share in the global linseed oil market. The region has the two largest flaxseed producers in the world, the U.S. and Canada. Hence, linseed oil is easily accessible in the region. Besides, linseed oil also fulfils the requirement of omega-3 fatty acids that the American diet lacks. Consequently, there has been a surge in the demand for flaxseed-based products among health and beauty-conscious consumers. The combined force of these factors is expected to unlock new growth prospects in North America’s linseed oil market.
Prominent Market Players
Some of the major players in the linseed oil market include Bartoline Limited, Henry Lamotte Oils GmbH, AlberdingkBoley GmbH, Heess GmbH, Archer Daniels Midland Company, Cargill Inc., Krishi Oils Limited, Bioriginal Food and Science Corp., ADM, Natural Brand, LinolieDanmarkAps, OPW Ingredients GmbH, and OmegaFactors.
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