New York, NY—The flax protein market is expected to grow at a CAGR of over 5.5% from 2018 to 2027, with a starting valuation of $48 million in 2018, according to the latest report by Persistence Market Research.
A press release on the report notes that flaxseed is loaded with vital nutrients and has a protein content similar to soybean. The protein has been used in various food and beverage products and dietary supplements.
According to the release, there is a growing demand for flax protein in supplements, thanks to rising demand from plant protein in supplements from plant-based and vegan populations. The conventional segment is expected to hold 95% of the market value by the end of 2027, but the organic segment is expected to grow at a CAGR of 5.5%.
Key industry players, according to the release, include Glanbia plc, Omega Protein Corporation, and Clearspring Ltd.
The report itself includes insight and analysis on market competition, long- and short-term strategies, and key product offerings. It can be bought here.