The increasing number of health conscious people because of rising health issues due to unhealthy lifestyles and eating habits have caused an increased demand for dietary supplements. The rising awareness about having a healthy diet in order to meet the nutrients requirements by the body and leading a healthy life is driving the demand for dietary supplements and functional food. There is an increasing demand for foods with high nutritive value. The food items rich in fiber protein content are high on demand in the global market. Linseed is one such food item and is referred as ‘superfood’ since ancient time. Linseed is rich in many nutrients like vitamins, dietary fibers, essential fatty acids, lignans, and various minerals. Linseed meal is slight oily powder obtained as a byproduct from oil extraction from linseeds. Linseed meal is highly nutritious, easy to digest and has a nutty taste. Linseed meal provides healthy nutrients like dietary fibers, crude proteins, omega-3 fatty acid, lignans, and alpha-linolenic acid. Linseed meal has wide applications in food additives, bakery and confectionary, and animal feed applications. With wide range of benefits and application in the food and beverage sector, the linseed meal market is expected to grow positively during the forecast period.
Growing Demands for Linseed Meal Due to Multiple Application in Food & Beverage Sector
The demand for functional food like linseed meal which can provide the consumer with various health benefits is increasing day by day. The increasing number of health-conscious people and rising number of health-related issues due to changing lifestyle and busy schedule are primary drivers for linseed meal market. Linseed Meal has low-fat content and is high in dietary fiber hence can be used as fat substitute. Linseed is rich in selenium is supposed to help protect against cancer. Linseed meal may also help in reducing the inflammation, balancing blood sugar, lowering cholesterol, and protecting against the radiation. Linseed meal has a good concentration of omega-3 fatty acids and hence is preferred by health-conscious consumers over other oilseed meals. Linseed meal is used in bakery and confectionery, food additives, egg replacement products as well as in animal and pet feed. Linseed meal is used as an additive and is sprinkled on food items like breakfast cereals in order to increase its nutritive value as well as add a nutty flavor to food. Linseed meal is also used in bakery and confectionery products like cookies, bread dough, pasta and energy bars etc. Linseed meal can be used to substitute to egg in various bakery and confectionary products like cookies, cakes, muffins, etc. The increasing vegan population is thus can be a driver to linseed meal demand in bakery and confectionary products. The rising number of gluten intolerance among people can boost the demand for linseed meal as, it one good alternative to gluten-containing grains due to its health-benefits and nutty taste. Use of linseed meal in animal feed has proven to be beneficial for health as well as production from the animals. The use of linseed meal in pet foods is getting popular these days for the health benefits provided by linseed meal to the pets. The rapidly increasing pet industry is said to fuel to the demand for linseed meal in pet food industries. With the increasing demand and wide range of application in the food and beverage industry the linseed meal market is expected to grow in terms of value and volume during the forecast period.
Global Linseed Meal: Market Segmentation
On the basis of type, the global linseed meal market has been segmented as-
- Golden linseed meal
- Brown linseed meal
On the basis of Application, the global linseed meal market has been segmented as-
- Food additives
- Dietary Supplements
- Egg replacement food
- Bakery and confectionary
- Animal Feed
Global Linseed Meal Market: Key Players
Some of the players of the global linseed meal market include Bob’s Red Mill, Natural Foods, WinCo Foods, NOW Foods, Stoney Creek Oil Products Pty Ltd, Green Fields Oil Factory, Waltanna Farms. More companies are expected to invest in the Linseed market as it is supposed to be a growing market.
Opportunities for market participants:
The global Linseed meal market is growing creating many opportunities for the market participants. The use of linseed meal as an additive to various food items like ice cream and juices in other to enhance the taste as well as make them healthy is trending, thus creating opportunities for manufacturers in F&B sector. The pet industry is increasing rapidly as so is demand for pet food, launching of the various pet food formulation with linseed meal in order boost health of pets can create opportunities for linseed meal manufactures to increase their market presence. Consumers prefer buying product via e-Commerce portal, creating a lucrative web portal for selling a product online can be beneficial for linseed meal manufacturers.
Global Linseed Market Regional Outlook
North America is currently the largest consumer of linseed meal owing to Canada being one major producer of Linseed and US being a major importer. The linseed meal market is anticipated to be a good market in Europe with rising food and beverage sector. Asia-Pacific is expected to be a significant market for linseed meal during the forecast period owing to rising demand for processed and healthy food as well as rising demand for value-added products.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Actionable Results to meet all the business priorities
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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