Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
| 2023 –2030 | |
|
|
USD 8,636.27 Million |
| USD 15,845.42 Million | |
| % | |
Asia-Pacific Functional Flour Market, By Category (Non-GMO, GMO), Source (Cereals, Legumes, Chia, Potato, Tapioca), Application (Bakery and Confectionery Products, Convenience Food, Sport Nutrition, Infant Formula, Meat, Poultry and Sea Food, Animal Feed, Dairy Products, Beverages, Nutritional Bar, Nutritional Supplements), Technical Type (Heat Treated Flour, Extrusion Processing, Drum Drying) – Industry Trends and Forecast to 2030.
Functional flour is processed or specialty flour offering five times higher water-binding capacity than conventional flour. This flour is derived through hydro-thermally treatment, including roller drying, thin layer drying, and extrusion. An improved nutritional benefit of functional flour with low fat that supports a healthy diet is increasing its consumption and demand of functional flour in the Asia-Pacific functional flour market. It is derived from the natural process to offer additive-free content and high-fiber food products. It has wide application in several food industries, for instance, loaf bread, baguettes, rustic crusty bread, pizza, sourdough, and others, owing to low fat and improved natural content.
Data Bridge Market Research analyses that the Asia-Pacific functional flour market, which was USD 8,636.27 million in 2022, would rocket up to USD 15,845.42 million by 2030 and is expected to undergo a CAGR of 7.9% during the forecast period. "Non-GMO" dominates the category segment of the functional flour market owing to the growing demand for industrial practices. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
By Category (Non-GMO, GMO), Source (Cereals, Legumes, Chia, Potato, Tapioca), Application (Bakery and Confectionery Products, Convenience Food, Sport Nutrition, Infant Formula, Meat, Poultry and Sea Food, Animal Feed, Dairy Products, Beverages, Nutritional Bar, Nutritional Supplements), Technical Type (Heat Treated Flour, Extrusion Processing, Drum Drying)
|
|
Countries Covered
|
China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific
|
|
Market Players Covered
|
General Mills Inc. (U.S.), Ingredion Incorporated (U.S.), ADM (U.S.), AGRANA Beteiligungs-AG (Austria), ARDENT MILLS (U.S.), Bunge Limited (U.S.), SunOpta (Canada), ABF Ingredients (U.K.), Limagrain - Ingrédients (France), Bakels Sweden (Sweden), Mühlenchemie GmbH & Co. KG (Germany)
|
|
Market Opportunities
|
|
Market Definition
Functional flour is processed or specialty flour offering five times higher water-binding capacity than conventional flour. This flour is derived through hydro-thermally treatment, including roller drying, thin layer drying, and extrusion. An improved nutritional benefit of functional flour with low fat that supports a healthy diet is increasing its consumption and demand of functional flour in the Asia-Pacific functional flour market. It is derived from the natural process to offer additive-free content and high-fiber food products. It has wide application in several food industries, for instance, loaf bread, baguettes, rustic crusty bread, pizza, sourdough, and others, owing to low fat and improved natural content.
Drivers
Consumers are adopting a healthy lifestyle and consuming healthy foods, organic food, healthy drinks, and others. Available flour offers added protein and nutritional values with reduced fat content and are significantly used for coeliac disease consumers. The consumption of organic food is increasing owing to the major demand for plant-based or natural ingredients-based food products projected to support the growth of the functional flour market. Owing to the COVID-19 pandemic, people are demanding more healthy products, such as functional flours, to maintain their health. The benefits of functional flour for human health such as low fat, gluten free, and improved nutritional value, augment the market growth.
Clean labeled products such as functional flours are customers' expectations. Customer opinions are of prime importance for companies consumers today are more informative about the products they consume. Incorporating the consumers' expectations in products in terms of quality and clean-label ingredients will aid food companies to gain a competitive edge in the market in coming years as consumers increasingly demand clean-label products. The spread of the COVID-19 pandemic has made people more concerned about their health and demanding organic and clean labeled functional flour products, projected to drive the growth of the Asia-Pacific functional flour market.
Opportunities
Consumers are getting more concerned about the ingredients of food products, creating a huge opportunity for the market to introduce gluten-free flour products. Gluten-free flour has increasing demand in Asia-Pacific due to the benefits offered by the flour, such as added protein, suitable for coeliac disease suffering consumers and others gluten-free flour has become a part of the healthy lifestyle, creating a huge opportunity for the market.
Strong research activities
The increasing research activities in the market to offer advanced functional flour having additional benefits is creating an opportunity for the market to grow stronger. New product developments are carried out through scientific studies to meet the emerging need for healthy food products. These strong activities are developing new offerings for food manufacturers with better taste and national benefits. Such initiatives to develop new functional flour products for food manufacturers create opportunities for the market to grow stronger. Product development helps increase sales by offering multiple food product applications; hence it is helping the functional flour market increase its share.
Restraint/Challenge
The governments of various countries in Asia- Pacific have introduced some stringent regulations for food products to ensure health safety among consumers. Some manufacturers utilize genetically modified raw materials to produce functional flour and do not maintain transparency about such raw materials on product labeling. According to a study conducted by Greenpeace, in UAE, about 40% of food is genetically modified without proper labeling. Therefore, to avoid such issues, the government has imposed stringent regulations. Stringent regulation imposed by the government is a major restraint for the Asia-Pacific functional flour market.
Recent Development
The functional flour market is segmented on the basis of category, grade, source, application, and technical type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
CATEGORY
GRADE
SOURCE
APPLICATION
TECHNICAL TYPE
The functional flour market is analysed and market size insights and trends are provided by category, grade, source, application, and technical type, as referenced above.
The countries covered in the functional flour market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and rest of Asia-Pacific.
India dominates the functional flour market because of its strong base of manufacturing facilities, strong presence of major players in the market, increased demand for gluten-free flour-based products among consumers, and the rising number of business strategies in this country.
India is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in demand for flour-based products, rise in gluten-free product demands, growing research activities in the region, availability of massive untapped markets, and large population pool.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The functional flour market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the functional flour market are:
SKU-
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Asia Functional Flour Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Asia Functional Flour Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.