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What is the present valuation and projected CAGR of the linseed oil market?
The linseed oil market size has grown strongly in recent years. It will grow from $3.49 billion in 2024 to $3.72 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to increasing use in the paint and coating industry, increased usage in the cosmetic and beauty industry, rising demand from the food industry, increasing demand from the pharmaceuticals, and increasing regulatory requirements and the boom in the nutraceutical sector.
The linseed oil market size is expected to see strong growth in the next few years. It will grow to $4.72 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increased research and development, expansion of the aquaculture feed industry, growing interest in functional foods, increased disposable income, and increased use in industrial applications. Major trends in the forecast period include technological advancements, diverse industrial applications, organic product demand, innovative product development, and consumer preference for omega-3 sources.
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What key drivers have fueled the linseed oil market’s development over the years?
The increasing paint and coating industry is expected to propel the growth of the linseed oil market going forward. The paint and coating industry involves the production of materials used to protect, decorate, and enhance surfaces in sectors such as construction, automotive, and industrial applications. The paint and coating industry is attributed to advancements in technology, increasing demand for protective and decorative solutions across construction and automotive sectors, and growing focus on eco-friendly and sustainable products. Linseed oil helps the paint and coating industry by serving as a natural binder that enhances durability, provides a smooth finish, and improves the drying and hardening properties of oil-based paints and coatings. For instance, in October 2024, according to AkzoNobel, a Netherlands-based paint and coating manufacturing company, organic sales in the third quarter (Q3) of 2024 increased by 1% compared to the second quarter (Q2). This growth was driven by volume increases in coatings, including high single-digit growth in marine and protective coatings and mid-single-digit growth in powder coatings. Therefore, the increasing use in the paint and coating industry is driving the linseed oil market.
What is the segmentation for the linseed oil market?
The linseed oil market covered in this report is segmented –
1) By Product Type: Raw Linseed Oil, Boiled Linseed Oil, Double-boiled Linseed Oil, Other Types
2) By Nature: Organic Linseed Oil, Conventional Linseed Oil
3) By Distribution Channel: Online Retailers, Grocery Stores, Wholesalers, Supermarkets
4) By Application: Dietary Food, Pharmaceuticals, Paint And Textile Industry, Leather Industry, Animal Feed, Personal Care, Processed Food, Other Applications
Subsegments:
1) By Raw Linseed Oil: Food Grade Raw Linseed Oil, Industrial Grade Raw Linseed Oil
2) By Boiled Linseed Oil: Boiled Linseed Oil With Drying Agents, Boiled Linseed Oil Without Drying Agents
3) By Double-boiled Linseed Oil: High-Quality Double-boiled Linseed Oil, Standard Double-boiled Linseed Oil
4) By Other Types: Organic Linseed Oil, Cold-Pressed Linseed Oil, Refined Linseed Oil
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Who are the most influential companies in the linseed oil market?
Major companies operating in the linseed oil market are Cargill Inc., Archer Daniels Midland Company, Spectrum Chemical Mfg. Corp., Natrol LLC., Bartoline Ltd., Palace Chemicals Ltd, ConnOils LLC., A.G. Industries, KH Chemicals, Falcon, Sunnyside Corporation, Alberdingk Boley GmbH, Henry Lamotte Oils GmbH, AOS Products Pvt. Ltd., Krishi Oils Limited, ECO Overseas, Gustav Hesse GmbH, Hangzhou Choisun Bio-tech Co. Ltd., Powafix, Sanmark Corp., Solvable, Jajjo Brothers, Jamieson Natural Sources, Vandeputte Group
What are the top industry trends projected to impact the linseed oil market?
Major companies operating in the linseed oil market are focusing on sustainability and direct-to-consumer (DTC) sales to enhance market penetration, reduce environmental impact, and improve customer engagement, thereby strengthening their competitive edge and fostering long-term growth. DTC sales allow companies to sell products directly to consumers, bypassing traditional retail channels, while sustainability initiatives aim to reduce waste and incorporate renewable resources into production. For instance, in March 2023, Archer Daniels Midland Company (ADM) launched the Knwble Grwn brand to provide consumers with sustainably produced, plant-based food ingredients. The Knwble Grwn range includes flaxseed, hemp seed, flax oil, hemp oil, and quinoa. These ingredients are marketed as wholesome options for consumers looking for sustainable food choices.
What are the major regional insights for the linseed oil market, and which region holds the top position?
North America was the largest region in the linseed oil market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the linseed oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Linseed Oil Market Report 2025 Offer?
The linseed oil market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Linseed oil is a natural oil extracted from the seeds of the flax plant through cold pressing or solvent extraction. It is widely used in wood finishing, as a binder in oil paints, and in the production of varnishes due to its ability to form a hard, protective layer when exposed to air. Additionally, linseed oil is valued for its health benefits, as it is rich in omega-3 fatty acids and is used in dietary supplements.
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