Functional Flour Share, Drivers, Industry Share, Report 2024 To 2033

The functional flour market size has grown strongly in recent years. It will grow from $66.79 billion in 2023 to $71.22 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to functional flour in food processing industry, specific health benefits, specialty diet demand, personalized nutrition, innovations in product formulation.

The functional flour market size is expected to see strong growth in the next few years. It will grow to $91.83 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rising demand for specialty flours, clean label preferences, functional attributes, health and wellness trends, gluten-free and allergen-free requirements. Major trends in the forecast period include regulatory changes and labeling standards, functional flour in food processing, global culinary fusion, sustainable and ethical sourcing, innovation in food technology.

Market Overview -
Functional flours refer to specialist goods that undergo hydrothermal treatment for various uses in the food and beverage sector. They are healthier than regular ingredients and are used to create high-end culinary products. It is used for cleaner-label, healthier, and more nutrient-dense food, and feed products are available.

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Rapid Surge In Ready-To-Eat Products Ignites Growth In The Functional Flour Market
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. For instance, in August 2022, according to China Daily, a US-based journal website, annual sales of China's ready meals market are expected to exceed $148 billion in the next six to seven years with an annual growth rate of 20%. Therefore, the rapid growth in ready-to-eat products is driving the functional flour market.

Competitive Landscape -
Major companies operating in the functional flour market report are Cargill Incorporated, Archer Daniels Midland Company, Bunge Limited, Associated British Foods plc, General Mills Inc., Ingredion Incorporated, Tate & Lyle plc, Döhler GmbH, Kerry Group plc, Sensient Technologies Corporation, AGRANA Beteiligungs-AG, SunOpta Inc., The Scoular Company, The Hain Celestial Group Inc., Parrish and Heimbecker Limited, Diana Food SAS, Olam International Limited, SVZ International BV, Kanegrade Ltd., FruitSmart Inc., Milne Fruit Products, Tree Top Inc., Welch Food Inc., Frutarom Industries Ltd., Givaudan SA, Symrise AG, Firmenich SA, MGP Ingredients Inc.

Innovative Functional Flour Revolutionizes Bakery Applications
Product innovation is a key trend in the functional flour market. Major companies operating in the market are developing innovative products and conducting research and developments in the functional flour market. For instance, in July 2021, Ulrick & Short, a Holland-based provider of clean-label starches, flours, fibers, and proteins, introduced a new ingredient, Fazenda gel, a novel functional flour with the express purpose of enhancing viscosity, texture, and structure in bakery applications. The unique features of the product include a viscosity regulator and gluten-free properties to enhance the moisture, softness, and structure in a variety of products and function as a viscosity regulator in bakery applications.

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Key Segments -

The functional flour market covered in this report is segmented -

1) By Type: Speciality Flours, Enzyme Treated, Gluten Free, Extruded And Partially Transformed, Pre-Gelatinized, Pre Cooked Flours
2) By Raw Material: Maize, Rice, Wheat, Other Raw Materials
3) By Application: Non-Food Applications, Bakery Products, Noodles And Pasta, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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