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Global Functional Flour Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Functional Flour Market
Global functional flour market was valued at US $ XX Mn in 2017 and expected to grow at 7.0% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Functional Flour Market
Functional flour is the hydro-thermally treated flours. They are also known as HT flours. The flours are made of various types of grains such as rice, wheat, maize which contain less gluten than the conventional wheat flours. These functional flours are treated to enhance the nutrient quality which plays a prominent role in adding benefits to health.
Increase in the health consciousness among the people is the key factor driving the growth of the functional flour market. The rising demand for the bakery products and ready-to-eat bakery products such as buns, biscuits, and cakes are boosting the growth of the functional flour market. The growing demand for flours from the food processed industry is anticipated to drive the growth of the functional flour market. However, the high cost of the raw material is hampering the growth of the market. The stringent government regulations are likely to hamper the growth of the functional flour market over the forecast period.
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Market Scope: Functional Flour Market
Functional flour market is segmented based on the type, source, and application.
Based on the type, the market is segmented into the following:
• Fortified Flours
• Gluten-Free Flours
• Specialty Flour
• Pre-Cooked Flours
Based on the source, the market is segmented into the following:
• Maize
• Rice
• Wheat
Based on the application, the market is segmented into the following:
• Bakery
• Soups and Sauces
• Ready-to-Eat Products
• Others
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Regional Analysis: Functional Flour Market
Geographically, global functional flour market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe constitute the largest share in the functional flour market owing to its gaining popularity of convenience food such as snacks, pasta products, cereals, and nutrient bars. Europe functional flour market is driven by increase in production of bakery products. The Asia Pacific region is expected to grow exponentially over the upcoming years due to its growing economy along with rising population.
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Competition Assessment: Functional Flour Market
Some of the players in the global functional flour market include:
• The Hain Celestial Group, Inc. (U.S.)
• SunOpta, Inc. (Canada)
• Parrish and Heimbecker, Limited (Canada)
• Cargill, Incorporated (U.S.)
• Archer Daniels Midland Company (U.S.)
• Bunge Limited (U.S.)
• General Mills, Inc. (U.S.)
• Associated British Foods plc (U.K)
Notable Market Developments: Functional Flour Market
In June 2017, Indredion’s new rice flour has launched at IFT17, which is marketed as ‘clean label’
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