Global Functional Flour Market, By Type (Pre-Cooked Flours, Specialty Flours, Others), Source (Cereals, Legumes), Application (Products, Soups and Sauces, RTE Products, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
The functional flour market is expected to witness market growth at a rate of 7.55% in the forecast period of 2022 to 2029. Data Bridge Market Research report on functional flour market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growth in awareness globally is escalating the growth of functional flour market.
Functional flour refers to the hydro-thermally treated specialty flour and is used for a variety of applications in the food and beverage industry. This type of flour is made from genetically modified or other grains are considered different from conventional grains. This flour is produced from maize, rice, and wheat, among others. This flour used for making bakery products such as cakes, snacks, bread-making, culinary products, and nutrition.
The increase in the health consciousness across the globe acts as one of the major factors driving the growth of functional flour market. The growth in health awareness among consumers leading to increased consumption of healthier diets and increase in demand for premium food products accelerate the market growth. The surge in consumption of nutritive convenience and fortified food products and rise in initiatives to promote functional flours further influence the market. Additionally, mandates on food fortification by government organizations, rise in disposable income, rise in consumer awareness of health and surge in spending on food positively affect the functional flour market. Furthermore, increase in demand for healthier low fat alternatives extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, volatile commodity prices and stringent government regulations are expected to obstruct the market growth. Lack of infrastructure and technological resources in developing countries is projected to challenge the functional flour market in the forecast period of 2022-2029.
This functional flour market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on functional flour market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Functional Flour Market Scope and Market Size
The functional flour market is segmented on the basis of type, source and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the functional flour market is segmented into pre-cooked flours, specialty flours and others. Others are further segmented into enriched flours, instant flour mixes, and composite flours.
- On the basis of source, the functional flour market can be segmented into cereals and legumes.
- On the basis of application, the functional flour market can be segmented into products, soups and sauces, RTE products, others. Others is further segmented into seasoning bases, coatings and breadings, spreads and infant formula, special diet foods, and beverages.
Functional Flour Market Country Level Analysis
The functional flour market is analysed and market size, volume information is provided by country, type, source and application as referenced above.
The countries covered in the global functional flour market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the functional flour market because of the easy usability and availability of the product within the region. North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rise in demand for conventional flour in the region.
The country section of the functional flour market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global 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.
Competitive Landscape and Functional Flour Market Share Analysis
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 functional flour market.
Some of the major players operating in the functional flour market report are Cargill, Incorporated, ADM, Bunge Limited, Associated British Foods PLC, General Mills, Inc., The Scoular Company, Agrana Beteiligungs-AG, The Hain Celestial Group Inc., Sunopta, Inc, Parrish and Heimbecker, Limited, Scoular Company, The Hain Celestial Group Inc., Associated British Foods plc,., General Mills Inc., Parrish and Heimbecker Limited, Con Agra Foods Inc., and ITC Limited, among others.