Functional Flour Market New Trends, Growth Opportunities, Top Players And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Functional Flour Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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.

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Market Drivers and Trends:

The rise in health-conscious consumers is expected to propel the growth of the functional flour market going forward. Health-conscious consumers are individuals who prioritize and actively seek ways to maintain and improve their physical and mental well-being. These consumers are mindful of their lifestyle choices, paying attention to diet, exercise, mental health, and overall wellness. For health-conscious consumers, functional flour serves as a vital component, offering nutrient-rich alternatives that align with their preference for healthier ingredients and contributing to the creation of balanced and wholesome diets. For instance, in July 2022, according to reports published by Food Insight, a US-based non-profit organization, 52% of Food and Health Survey participants followed a specific diet or eating pattern, up from 39% in 2021. The top choices were clean eating (16%), mindful eating (14%), and calorie counting (13%). In addition, according to a Poll/HealthDay survey, nearly 2 of every 3 American adults, or about 63%, plan to change their diet in 2022. Therefore, the rise in health-conscious consumers is driving the growth of the functional flour market.

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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Major Key Players of the Market:

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.

Functional Flour Market 2024 Key Insights:

• 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%.
• Rapid Surge In Ready-To-Eat Products Ignites Growth In The Functional Flour Market
• Innovative Functional Flour Revolutionizes Bakery Applications
• North America was the largest region in the functional flour market in 2023

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