The global Linseed Oil Market is expected to reach USD 1,036.56 Million by 2028 at a CAGR of 3.35%, according to a new report by Reports and Data. The growing demand from consumers for organic and safe cosmetic products comprising linseed oil owing to its numerous benefits such as skin nourishing and moisturizing attributes is predominately driving the market growth. Additionally, the increasing awareness about the advantages of linseed oil on overall health such as improvement in heart health, reducing inflammation, and anti-aging properties are projected to augment the market growth further.
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The growing demand for organic and nutrition-dense culinary oils is projected to further add traction to the market growth. The health benefits conferred by linseed oil have boosted its applications in the food and beverage industry, cosmetics, and pharmaceuticals. However, certain side effects such as eyes or skin irritation due to linseed oils and the increasing availability of alkyd resins and synthetic paints are projected to impede the market growth in the projected timeframe.
Linseed oil is extracted from flax seeds that are dried and ripened via a solvent extraction and pressing. Linseed oil is an extremely popular finishing oil across the globe and has been a significant part of certain paints and an excellent binder in oil paintings. The non-toxic and environmentally sustainable attributes of the linseed oil are boosting its demand in the paint and varnishing industry, thereby contributing to the market growth,
Key Highlights from the Report:
The organic linseed oil segment is foreseen to expand at a significant rate in the estimated timeframe owing to the escalating demand for organic oil in the cosmetics industry for the production of organic personal care products.
Based on the product type, the raw linseed oil segment is projected to occupy a significant share of the market in the estimated timeline accredited to the augmenting demand for raw linseed oil in the finishing and polishing of wood products. The increasing requirement for non-toxic products in paints and varnishes is driving the segment’s growth.
Prominent players of the market include:
Krishi Oils Limited (KOL), Archer Daniels Midland (ADM) Company, Cargill, Inc., AOS Product Private Limited, Gustav Heess Gmbh, Welch, Natrol LLC, and Henry Lamotte Oils GmbH, among others.
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For the purpose of this report, Reports and Data has segmented the global Linseed Oil Market based on Nature, Product Type, Application, and Region:
Application Outlook (Revenue, USD Million; Volume, Thousand Tons; 2018-2028)
- Processed Foods
- Paints and Varnishes
Nature Outlook (Revenue, USD Million; Volume, Thousand Tons; 2018-2028)
Product Type Outlook (Revenue, USD Million; Volume, Thousand Tons; 2018-2028)
- Raw Linseed Oil
- Boiled Linseed Oil
- Double-boiled Linseed Oil
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Regional Outlook (Revenue, USD Million; Volume, Thousand Tons; 2018-2028)
- Rest of Europe
- South Korea
- Rest of APAC
- Rest of LATAM
Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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