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Functional Flour Market Analysis, Trends, Growth, Research And Forecast 2032
Functional Flour Market
Functional Flour Market Size, Growth Rate, And Forecast
The global functional flour market size is expected to grow from $62.84 billion in 2022 to $66.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The functional flour market is expected to grow to $84.43 billion in 2027 at a CAGR of 6.0%.
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Functional Flour Market Drivers
The increase in demand for ready-to-eat products is significantly contributing to the growth of the functional flour market. Ready-to-eat products refer to a group of pre-cleaned, pre-cooked, packaged foods that are ready for consumption without prior cooking. Functional flours help improve health and provide more health benefits than regular flours. The changing lifestyles and increased disposable incomes of the population have shown increased demand for ready-to-eat product types as they help save time and effort.
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Functional Flour Market Segments
• By Type: Speciality Flours, Enzyme-Treated, Gluten-Free, Extruded And Partially Transformed, Pre-Gelatinized, Pre-Cooked Flours
• By Raw Material: Maize, Rice, Wheat, Other Raw Materials
• By Application: Non-Food Applications; Bakery Products; Noodles And Pasta; Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the functional flour market.
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Functional Flour Market Key Players
Major competitors in the functional flour market include Cargill Incorporated, Archer Daniels Midland Company, Bunge Limited, Associated British Foods plc, General Mills Inc., The Scoular Company, The Hain Celestial Group Inc.
The Business Research Company's "Global Functional Flour Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Functional Flour Market Include:
1. Executive Summary
2. Functional Flour Market Characteristics
3. Functional Flour Market Trends And Strategies
4. Functional Flour Market - Macro Economic Scenario
5. Functional Flour Market Size And Growth
……
26. Africa Functional Flour Market
27. Functional Flour Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Functional Flour Market
29. Functional Flour Market Future Outlook and Potential Analysis
30. Appendix
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