Linseed Oil Market to Reach USD 7.5 Billion by 2034, Driving Sustainable Growth

Shreyas Rokade
Shreyas Rokade

Updated · Sep 15, 2025

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Overview

New York, NY – September 15, 2025 – The Global Linseed Oil Market is projected to reach USD 7.5 billion by 2034, rising from USD 4.5 billion in 2024, at a CAGR of 5.3% between 2025 and 2034. In 2024, North America dominated with a 43.80% share, generating USD 1.9 billion in revenue.

Linseed oil, also called flaxseed oil, is derived from dried flax seeds and is valued for its omega-3 fatty acids, lignans, and antioxidants. Its use spans food, supplements, cosmetics, pharmaceuticals, and industrial products like paints, coatings, and wood finishes. Investor activity is notable, with Better Nutrition raising ₹10 crore from investors linked with Google and Meta, and Salad Days securing ₹30 crore in Series A funding led by V3 Ventures and CAAF, highlighting growing interest in plant-based products.

Rising health awareness is a major driver, with linseed oil gaining traction in dietary supplements and functional foods for its heart health and immunity benefits. Its dual role in nutrition and eco-friendly industrial applications provides a strong growth base. However, regulatory decisions also influence the market. For instance, the USDA withdrew over $1 billion in funding for school and local nutrition programs, which could affect future adoption trends in the food and wellness sectors.

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Key Takeaways

  • The Global Linseed Oil Market is expected to be worth around USD 7.5 billion by 2034, up from USD 4.5 billion in 2024, and is projected to grow at a CAGR of 5.3% from 2025 to 2034.
  • In 2024, conventional linseed oil dominated the market, capturing 81.3% share due to wide usage.
  • Refined linseed oil held a strong position with a 68.9% share, driven by demand in multiple applications.
  • Solvent extraction remained the preferred production process, accounting for a 58.4% share in the linseed oil market.
  • The paint and textile industry led applications, securing a 38.2% share, highlighting industrial reliance on linseed oil.
  • Wholesalers captured a 47.1% share in distribution, reflecting their crucial role in supplying linseed oil worldwide.
  • Strong demand in North America, 43.80% share, drives USD 1.9 Bn.

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Report Scope

Report FeaturesDescription
Market Value (2024)USD 4.5 Billion
Forecast Revenue (2034)USD 7.5 Billion
CAGR (2025-2034)5.3%
Segments CoveredBy Nature (Organic, Conventional), By Form (Raw, Refined), By Production Process (Solvent Extraction, Cold-Pressing, Enzyme Extraction), By Application (Paint and Textile Industry, Dietary Food, Pharmaceuticals, Leather Industry, Animal Feed, Personal Care, Processed Food, Others), By Distribution Channel (Online Retailers, Grocery Stores, Wholesalers, Supermarkets)
Competitive LandscapeCargill Inc., Archer Daniels Midland Company, Hesse GmbH, Henry Lamotte Oils GmbH, Krishi Oils Limited, Natrol LLC., AOS Products Pvt. Ltd., Jajjo Brothers, OPW Ingredients, Spectrum Chemical Mfg. Corp.

Key Market Segments

By Nature Analysis

In 2024, Conventional linseed oil led the By Nature segment with an 81.3% share, reflecting its strong cost advantage, easy availability, and established role across industries. It continues to be the go-to option for large-scale use in food, coatings, and animal nutrition, where steady supply and affordability are crucial.

Its widespread application in paints, wood finishes, and industrial coatings further secures its dominance, as industries value its proven performance and adaptability for mass production. In the food and wellness space, conventional linseed oil also appeals to consumers seeking omega-3-rich nutrition at accessible prices, ensuring its steady demand in both developed and emerging markets.

By Form Analysis

In 2024, Refined linseed oil dominated the By Form segment with a 68.9% share, driven by its versatility in both edible and industrial applications. Its purity and consistent quality make it a preferred choice in food, supplements, and pharmaceuticals, particularly among health-conscious consumers seeking omega-3-rich oils for wellness benefits.

Beyond nutrition, refined linseed oil is widely used in paints, varnishes, wood finishes, and eco-friendly coatings, valued for its durability and drying properties. Growing demand for bio-based materials in manufacturing and the shift toward sustainable practices have further reinforced its market strength, positioning refined linseed oil as a reliable alternative to synthetic options with strong long-term potential.

By Production Process Analysis

In 2024, Solvent Extraction led the By Production Process segment with a 58.4% share, reflecting its efficiency and cost-effectiveness in large-scale linseed oil production. This method secures higher yields from flaxseed, ensuring a steady supply for both nutritional and industrial uses. Its strong alignment with refined oil production further boosts demand in the food, pharmaceutical, and coating sectors.

By combining consistent quality with scalability, solvent extraction has become the most practical choice for manufacturers. Its ability to deliver reliable volumes at competitive costs also supports market growth, making it the preferred process for industries seeking stability and sustainable raw material solutions.

By Application Analysis

In 2024, the paint and textile industry dominated the By Application segment of the linseed oil market with a 38.2% share, driven by the oil’s strong drying and film-forming properties. It remains a key ingredient in paints, coatings, varnishes, and protective finishes, offering durability and flexibility while supporting eco-friendly production. The textile sector also contributes to demand, using linseed oil in treatments, waterproofing, and finishing processes.

Rising adoption of bio-based and low-VOC materials, alongside stricter environmental regulations, has further increased its appeal as industries shift away from synthetic options. Combined with its cost-effectiveness and suitability for large-scale use, linseed oil has secured a strong and sustainable foothold in global markets.

By Distribution Channel Analysis

In 2024, Wholesalers led the By Distribution Channel segment of the Linseed Oil Market with a 47.1% share, highlighting their central role in connecting producers with industrial buyers and retailers. Their ability to manage bulk volumes, offer competitive pricing, and ensure reliable supply makes them indispensable for industries like paints, textiles, and food processing.

By consolidating output from multiple producers, wholesalers simplify procurement and maintain consistent quality across markets. Their strong networks, logistical efficiency, and added services such as flexible credit and after-sales support further reinforce their position. As demand grows across industrial and nutritional applications, wholesalers continue to anchor the linseed oil supply chain worldwide.

Regional Analysis

The linseed oil market maintains a diverse regional spread, with North America leading in 2024 at 43.80% share, valued at USD 1.9 billion. Its dominance stems from strong demand in paints, coatings, and wood finishes, driven by eco-friendly material adoption and strict environmental standards. Rising interest in plant-based nutrition further boosts consumption in the U.S. and Canada, where health and clean-label trends are prominent.

Europe remains a key market with its focus on sustainability and bio-based industries, while the Asia Pacific is expanding rapidly on the back of industrial growth and rising health awareness. Meanwhile, Latin America and the Middle East & Africa show steady opportunities in both industrial and food applications, though their overall scale is comparatively smaller.

Top Use Cases

  • Wood Finish & Protection: Linseed oil is used on wood surfaces—like furniture, decks, siding, or beams—to penetrate into the wood fibers, protect from moisture, and form a durable finish. Because it goes into the wood (instead of just forming a layer on top), it’s less likely to crack or peel.
  • Paints & Coatings: It’s used as a base in linseed oil paints and coatings. Such paints can be mixed with pigments, and the oil helps the paint dry well, stick properly, and resist peeling or cracking. Also, in metal surfaces like gates or hardware, it can act as a rust inhibitor.
  • Heart Health & Cholesterol Support: When consumed (as flaxseed oil), it’s rich in omega-3 fatty acids (especially ALA). Studies show it may help reduce “bad” cholesterol (LDL), increase “good” cholesterol (HDL), lower blood pressure, and reduce risks related to heart disease.
  • Reducing Inflammation: Linseed oil has compounds that may reduce inflammation in the body. This helps in conditions linked to chronic inflammation (such as obesity, metabolic disorders).
  • Skin Health & Appearance: It can improve skin by helping with hydration, reducing dryness, decreasing roughness, and improving skin barrier (how well the skin holds moisture). Some trials show smoother skin and less irritation when linseed oil or flaxseed oil is used.
  • Dietary Uses (Cooking / Dietary Supplement): Linseed (flaxseed) oil is used in food—e.g., drizzled on salads, added to shakes, and used cold (not for frying). It’s also taken as a nutritional supplement (capsules or liquid) for its omega-3 content to support general wellness, heart, and metabolic health.

Recent Developments

  • In March 2024, Henry Lamotte Oils participated in the in-cosmetics global 2024 trade fair in Paris (16-18 April). They showcased their “cosmetic oils” range and were presenting new products there. While the announcement doesn’t specify a new linseed oil-only product, since linseed oil is one of their oils, it’s likely part of their new offerings or product discussions.
  • In February 2024, Cargill committed US$2.5 million as a grant to the University of Minnesota’s Forever Green Initiative. The goal is to support research on winter camelina and domesticated pennycress, two oilseed crops that can produce oils for low-carbon transport fuels. These crops are especially promising because they can help protect the soil, improve water quality, and provide farmers with an additional income.

Conclusion

The linseed oil market is moving steadily toward growth as industries embrace natural and versatile raw materials. Its wide use in paints, coatings, cosmetics, pharmaceuticals, and health products reflects both traditional value and modern demand for sustainable solutions. With increasing awareness of eco-friendly products, linseed oil stands out as a renewable option that supports greener practices.

Farmers and manufacturers are also exploring better cultivation and processing methods, ensuring higher quality and wider applications. Looking ahead, linseed oil will remain an important part of sustainable industry trends, combining natural heritage with innovation for future global consumption needs.

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