Linseed Oil Market Size, Share, And Growth 2032

Linseed Oil Market Size:

The global linseed oil market size was worth around USD 1032.58 million in 2023 and is predicted to grow to around USD 1,495.32 million by 2032 with a compound annual growth rate (CAGR) of roughly 4.20% between 2024 and 2032.

The report linseed oil market covers forecast and analysis on a global and regional level. The study presents a widespread valuation of the market, emerging trends, opportunities, competition, and industry-validated market numbers. The report offers notable data of 2018 to 2022 along with an assessment from 2024 to 2032 based revenue (USD Million).

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Linseed Oil Market: Overview

The increasing applications of linseed oil in various end-use industries, including paints and coatings, pharmaceuticals, and processed food could witness the remarkable growth of the market over the forecast timeframe. Linseed oil, also known as flaxseed oil, is colorless to yellowish in color. It is consumed for its numerous health benefits and has several industrial applications. Linseed oil is widely used in the manufacturing of various products such as gliding, paints, putty, flooring, wood finish, nutritional supplement, and processed foods.

The global linseed oil market has registered considerable CAGR value over the forecast period owing to increasing applications in paints and coatings and automotive industries. Linseed oil can be used as an additive in oil paints for a transparent finish and glossy look. Moreover, as an additive, it can be applied to the vehicle’s body while coating to speed up drying. However, the availability of substitutes such as linoleum being used in applications of linseed oil could challenge the market growth.

Linseed Oil Market: Segmentation

Based on nature, the global linseed oil market has been classified into organic and conventional. The organic segment accounted for the largest market share in 2023 in terms of revenue. The segment is expected to register significant CAGR value over the horizon owing to rising demand from consumers for organic personal care and cosmetics products. As organic linseed oil is highly used in skin moisturizers, shampoos, and conditioners owing to its anti-inflammatory properties, the segment is likely to gain a positive impact.

Based on the product type, the global linseed oil market is categorized into raw linseed oil, boiled linseed oil, double-boiled linseed oil, and others. Raw linseed oil is accredited for the largest market share in terms of revenue. Raw linseed oil is used in wood finishing, especially for oiling cricket bats for better ball control to increase surface friction and other greasing application.

Based on application, the global linseed oil market has been classified into dietary food, paint & textile industry, pharmaceuticals, leather industry, processed food, animal feed, personal care, and others. The dietary supplement segment accounted for the largest market share in 2023. The increasing consumer awareness regarding the nutritional health benefits of linseed oil is driving market growth. As linseed oil is rich in omega-3 fatty acids and has high fiber content, the demand for such food products is gaining traction. Owing to its anti-inflammatory properties, the oil is also used to relieve inflammation and pain, which is further boosting the market presence.

Based on the distribution channel, the global linseed oil market is bifurcated into online retailers, grocery stores, wholesalers, & supermarkets. The online retail segment is expected to register the fastest CAGR owing to increasing internet penetration and usage of e-commerce websites for buying products. The supermarket segment has been accredited for the largest market share in 2023. As consumers in suburban areas prefer to buy from supermarkets, thereby gaining high footfalls, the segment has dominated the market share.

Linseed Oil Market: Report Scope

Linseed Oil Market: Regional Analysis

Based on the region, Asia-Pacific has dominated the market share in 2023, in terms of revenue. China is the major producer and consumer of flaxseeds and linseeds. The growing paints and coating industry in the region is the leading factor driving regional growth. Moreover, the growing population in the region and fostering demand from the pharmaceutical industry as linseed oil has numerous medical benefits is further fueling the regional market demand.

Linseed Oil Market: Competitive Space

The global linseed oil market is merged with key major players including

• ECO Overseas
• Hangzhou Choisun Bio-tech Co. Ltd.
• Alberdinnk Boley GmbH
• Sarika Venture Pvt. Ltd.
• Sanmark Corp.
• Spectrum Chemicals Mfg. Corp.
• OPW Ingredients
• Jajjo Brothers
• AOS Products Pvt. Ltd.
• Natrol LLC
• Krishi Oils Ltd.
• Henry Lamotte Oils GmbH
• Gustav Heese GmbH
• Archer Daniels Midland Company
• Cargill Inc.
• and others.

The major tactics implemented by these leading companies in the market are partnerships, new product developments, mergers & acquisitions, and recent developments. These companies are focusing more on investment in expansions, collaborations, and expansions to increase their market share.

This report segments the global linseed oil market as follows:

By Nature Segment Analysis

• Organic
• Conventional

By Product Type Segment Analysis

• Raw Linseed Oil
• Boiled Linseed Oil
• Double-Boiled Linseed Oil
• Others

By Application Segment Analysis

• Dietary Food
• Pharmaceuticals
• Paint & Textile Industry
• Leather Industry
• Animal Feed
• Personal Care
• Processed Food
• Others

By Distribution Channel Segment Analysis

• Online Retailers
• Grocery Stores
• Wholesaler
• Supermarkets

Global Linseed Oil Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa