Global Functional Flours Market
Report Highlights
The global Functional Flours market was valued at USD 50.26 billion in 2016 and is projected to reach USD 97.17 billion by 2025, growing at a CAGR of 7.6% from 2017 to 2025.
Functional Flours are the new ingredients on the block that enhance the nutritive value of food. The rising product innovation in the premium foods category is driving the demand for functional flours. However stringent regulations and labelling requirements may negatively impact market demand over the forecast period.
Market Dynamics:
1. Market Drivers
1.1 Growing demand for premium food products
1.2 Rise in demand for convenience and healthy bakery products
2. Market Restraints
2.1 Stringent government policies
2.2 Unstable commodity prices
Market Segmentation:
The global Functional Flours market is segmented on the type, application, source, and region.
1. By Type:
1.1 Specialty Flours
1.1.1 Enzyme Treated
1.1.2 Gluten Free
1.1.3 Extruded and Partially Transformed
1.1.4 Pre-Gelatinized
1.2 Pre Cooked Flours
1.3 Others
2. By Application:
2.1 Bakery Products
2.1.1 Pastries and Cakes
2.1.2 Cookies
2.1.3 Donuts and Rolls
2.1.4 Breads
2.1.5 Others
2.2 Sauces and Soups
2.3 Ready to Eat Products
2.3.1 Snacks
2.3.2 Breakfast Cereals
2.3.3 Pasta Products
2.3.4 Others
2.4 Others
3. By Source:
3.1 Cereals
3.2 Legumes
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. General Mills Inc.
2. Parrish and Heimbecker Limited
3. Cargill
4. Archer Daniels Midland Company
5. Sunopta Inc.
6. Agrana Beteilgungs AG
7. The Scoular Company
8. The Hain Celestial Group
9. Bunge Limited
10. Associated British Foods PLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Functional Flours market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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