Home > Bulk & Specialty Chemicals > Linseed Oil Market

Linseed Oil Market By Product Type (Raw Linseed Oil, Stand Oil, Boiled Linseed Oil), By Application (Paints & Varnishes {Paints, Lacquers, Wood Protection}, Food, Animal Nutrition & Care, Cosmetics, Pharmaceuticals), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI1281
  • Base Year: 2021
  • Report Format: PDF

Industry Overview

Linseed Oil Market size surpassed USD 2.85 billion in 2021 and is estimated to grow at over 5.5% CAGR between 2021 and 2028. Increasing cultivator attention towards the linseed oil in regular farming practices owing to increasing nutrition consciousness among consumers will propel the product demand. Linseed oil is rich in nutritional contents, which include fats and omega fatty acids, among several others. It is used in various end-use industries such as paints & varnishes, cosmetics, food, animal nutrition, and pharmaceuticals.
 

Linseed Oil Market

Get more details on this report - Request Free Sample PDF
 

Linseed oil is used as a carrier in paint formulations. Additional traits that make the paints more desirable and enhances the product quality. It consists of antioxidants that help to maintain the skin’s moisture content and keeps under concerned parameters. This has boosted the market penetration into the cosmetic segment. The changing consumer perception toward natural ingredients due to the increasing awareness about chemical additives is promoting market growth.  
 

Preference of raw linseed oil for delicate artworks and interior designs to boost the market statistics

Global Raw Linseed Oil Market Size, By Product Type

Get more details on this report - Request Free Sample PDF
 

The raw linseed oil market is projected to reach over USD 1.25 billion by 2028, growing at a CAGR of over 5 %. Increasing population, growing income levels, and rapid urbanization are expected to increase household & commercial applications, in turn, increasing the demand for raw linseed oils. The rising living standards in developing countries and increasing spending on premium lifestyle are increasing the demand for delicate interior designs, in turn, propelling market share.
 

Favorable schemes & initiatives undertaken by governments along with manufacturers and suppliers of different countries across the world to encourage organic and advanced farming activities should further raise the product demand. For instance, Key players including Cargill Inc., Jamieson Natural Resources and Henry Lamotte Oils Gmbh are focusing on their dealership expansion to increase the net sales.
 

Rising health awareness and a significant shift of consumers towards healthy lifestyle and food habits have bolster the demand for linseed oil

Global Linseed oil Market Size, By Food Application

Get more details on this report - Request Free Sample PDF
 

Global linseed oil market includes paints & varnishes, animal nutrition & care, pharmaceuticals, foods, cosmetics, and nutraceutical supplements. The global market for linseed oil from food application is anticipated to surpass USD 910 million by 2028 growing at a CAGR of over 5.5%. Linseed oil provides nourishment and enhances the overall health, which is increasing its popularity in the food & supplement industry. Increasing awareness about health benefits of linseed oil is expected to propel the demand for food & nutraceutical supplements during the forecast period.
 

Rising health consciousness and increasing disposable income have raised the demand for premium supplements and fortified food products, boosting the linseed oil industry demand. Increasing usage of linseed oil as a functional food ingredient in a wide range of food products such as juices, baked foods, muffins, milk & dairy products, dry pasta products, meat products, and macaroni, among other is propelling market outlook over the past few years.
 

Shift of health-conscious consumer towards healthy diet and food habits have boosted consumption of food products enriched with nutritional ingredients.
 

The strong presence of well-established food & beverage and nutritional supplements manufacturers in Asian countries to stimulate Asia Pacific linseed oil industry landscape

Asia Pacific Linseed oil Market Size,

Get more details on this report - Request Free Sample PDF
 

Linseed oil has been used for food for centuries in Asia pacific region. High production of flaxseed in China, India, & Australia and the strong presence of linseed oil manufacturers & suppliers in the region are major factors fueling the growth of the linseed oil market in Asia Pacific. Growing awareness regarding the health benefits offered by linseed oil in the pharmaceutical and food industry is anticipated to positively influence the regional market statistics over the projected period.
 

Rising trends of industrialization and urbanization across emerging countries including China, Indonesia, and India have led to a rapid rise in construction activities, which has generated high demand for linseed oil for its application in painting, flooring, and varnishing. Rising construction investment in the residential building across Asian countries due to the growing population drives demand for paints and varnishes, further escalating linseed oil market forecasts. Additionally, rapid infrastructural growth resulted in the tremendous demand for wood products, which is further is expected to fuel the market demand in Asia Pacific.
 

Increasing investments in R&D and product innovations by industry participants to accelerate market competitiveness

Key players in the linseed oil market are Cargill, Inc., Vandeputte Oleochemicals, Gustav Heess Oleochemische Erzeugnisse GmbH, Henry Lamotte Oils GmbH, KH Chemicals, Archer Daniels Midland (ADM) Company, Shape Foods, Inc., Jamieson Natural Sources, Falcon, and ConnOils, LLC.
 

The companies are engaged in extensive research & development to develop innovative products to improve the quality & quantity of poultry meat yield. For instance, in December 2021, Cargill Inc. entered into an agreement with Croda for acquiring the majority of its industrial chemicals and performance technologies for USD 1.03 billion. This will boost the bio-industrial segment of Cargill Inc. by serving the manufacturers requiring greener ingredient solutions.
 

In April 2021, Vandeputte Oleochemicals completed the construction of the world’s largest linseed oil plant, ASVA, in the Rostov region. This plant is the joint venture of ASTON (Russia) and Vandeputte Oleochemicals. It focuses on technological processing for double pressing linseed oil extraction having a production capacity of around 450 tons per day allowing the company to cater to a greater global demand.
 

In September 2021, Croda International Plc. opened its crop care product validation center in Brazil for facilitating product development, strengthening its position in the agrochemical market. This strategic development will help in boosting the market of linseed oil owing to its applications in crop care products.
 

The global linseed oil market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons & revenue in USD Million from 2017 to 2028 for the following segments:

By Product Type

  • Raw Linseed Oil
  • Stand Oil
  • Boiled Linseed Oil

By Application

  • Paints & Varnishes
    • Paints
    • Lacquers
    • Wood Protection
  • Food
  • Animal Nutrition & Care
  • Cosmetics
  • Pharmaceuticals
  • Others

The above information has been provided for the following countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
  • Latin America
    • Brazil
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Global market for linseed oil crossed USD 2.85 billion in 2021 and is anticipated to register over 5.5% CAGR between 2022 and 2028.

Raw linseed oil market value is predicted to exceed USD 1.25 billion by 2028 as the average income level of the global population is growing every year, thereby enabling them to splurge on expensive raw linseed oil.

The food application segment will be valued at over USD 910 million in global linseed oil industry by 2028 due to the rising awareness of the health benefits of this oil among customers.

Vandeputte Oleochemicals, Cargill, Inc., Henry Lamotte Oils GmbH, Archer Daniels Midland (ADM) Company, KH Chemicals, Jamieson Natural Sources, and Shape Foods, Inc., among many others, are the top participants in this market.

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies
Immediate Delivery Available

Premium Report Details

  • Published Date: Apr 2022
  • Companies covered: 12
  • Tables & Figures: 193
  • Countries covered: 18
  • Pages: 220

Get a report that explains COVID-19 impact on this market

 Request Free Sample

Budget constraints? Get in touch with us for special pricing

Request Discount