|11-15-2018 09:16 AM CET - Business, Economy, Finances, Banking & Insurance||
Functional Flour Market to Witness Steady Growth at 7.8% CAGR during 2018-2025 with Top Leading Players like - Cargill, Ingredion Incorporated, Archer Daniels Midland Company, Bunge, General Mills, ITC Limited, The Hain Celestial Group and Associated Brit
Press release from: Data Bridge Market Research
PR Agency: Data Bridge Market Research
This Report Studies the Functional Flour Market was valued at USD 72.35 billion in 2017 and likely to show a substantial growth of CAGR of 7.8% during the forecast period of 2018-2025. The effect of Porter's five powers on the development of the market has been likewise examined in the research report. In this functional flour market report various definitions and classification of the industry, applications of the industry, manufacturers, sourcing strategy and chain structure are given.
The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.The reports main objective is to show how the functional flour market is increasing in the forecast period, by providing with a keen understanding of the market’s status on the recent developments, product launches, joint ventures, merges and accusations by the key market players and brands that are dominating the functional flour market by showing all the company profiles.
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Some of the Key Players: Global Functional Flour Market
· Ingredion Incorporated
· Archer Daniels Midland Company
· General Mills
· ITC Limited
· The Hain Celestial Group
· Associated British Foods plc
· Parrish & Heimbecker, Limited
· Ybbstaler Fruit Austria GmbH
· CON AGRA FOODS
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The global functional flour market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of functional flour market for global, Europe, North America, Asia Pacific and South America.
Segmentation by Application:
· Bakery Products
· Soups & Sauces
· RT e Products
Segmentation by Type:
· Pre-Cooked Flours
· Specialty Flours
· Other Functional Flours
Segmentation by Source:
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Functional flours are grain and non-grain flours modified to enhance the values of individual components for different applications through breeding, blending and by further processing. Consumers worldwide are adopting a combination of grains, cereals, lentils in everyday food for essential nutrients. In addition, an increasing allergy associated with gluten is fueling the demand for non-wheat based flour.
This is stocking demand for functional flours that are made of soy flour, rye flour, and oat flour among others. Food products made of functional flour contain low fat, more protein, fiber, and better nutritional advantages than wheat flour. The health benefits offered by different functional flours are now being recognized globally and governments are promoting the functional flours and assisting the manufacturers and suppliers. According to an article published recently by the U.S. flour Trends; the market value of functional flour in the Asia-Pacific region was approximately USD 50 billion in the year 2015.
The major players in the functional flour market are making various developments such as launch of new products, opening new research and development centers, and new plants for contributing to the growth of the functional flour market.. In the year 2017 Archer Daniels Midland Company, a leading functional flour producer in Germany has launched new product under the brand name Nurturance. This is a range of innovative wheat protein concentrates with 85% protein as well as excellent digestibility, making it an ideal choice for both the booming sports and senior nutrition markets.
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Major Market Drivers and Restraints:
· Increasing consumption of convenience and healthy food products
· Increase in demand for premium food products
· Initiatives to promote functional flours
· Intensification of the global trade of functional flours
· Stringent government regulations
· Lack of infrastructure and technological resources in developing countries
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