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Functional Flour Market

Functional Flour Market Forecasts to 2028 – Global Analysis By Type (Speciality Flours, Enriched Flours), Source (Wheat, Legumes, Cereals), Sales Channel, Application, and By Geography

4.2 (64 reviews)
Published: June 2022 ID: SMRC21498
4.2 (64 reviews)
Published: June 2022 ID: SMRC21498

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Functional Flour Market is accounted for $72.34 billion in 2021 and is expected to reach $139.19 billion by 2028 growing at a CAGR of 9.8% during the forecast period. Functional flours are grain and non-grain flours modified to enhance the values of their individual components for different applications. The functional flours are manufactured and treated to have enhanced nutrient qualities with health benefits. Because of these health benefits coupled with augmented awareness of personal health among consumers, functional flours are widely chosen over conventional product alternatives.

Market Dynamics:

Driver:

Rising demand for gluten-free products


There are a lot of new diet plans trending in the market and suggested by a dietitian, and most of them contain a gluten-free diet. Most people are allergic to gluten as functional flour is gluten-free demand for it increases. People with digestive issues preferred a gluten-free diet, so functional flour is a great substitute for it. The product which is made from genetically modified and other types of grains such as wheat, rice, and maize contains less gluten than conventional wheat flour.

Restraint:

Stringent regulations


Stringent government regulation in the market is restraining the market growth. The functional flours market has the highest regulations. The functional flour uses a variety of ingredients and additives to increase the shelf life. But, the usage of such ingredients is controlled by policies. This creates limitations in the production of these flours. These restraints can have a major impact on the growth of the functional flour market.

Opportunity:

The rise in disposable income


The rise in disposable income will create ample opportunities for the functional flours market. Individuals' per capita income in several countries will rise in the future years. This will improve the overall spending on the functional flours market. Increased demand for premium flours will open up new avenues for expansion. The demand for premium products is increasing rapidly. Functional flour is a premium product with nutritional ingredients. It is a healthier and more natural flour loaded with benefits. Modern consumers prefer quality over price. The demand for premium functional flours will lead to more demand for the market in the forecast period.

Threat:

Lack of infrastructure


The market for functional foods is still in its early stages. The absence of infrastructure is a hurdle for the market of functional flours. The lack of infrastructure makes the production process complex. Due to many complexities, the price of these products is high. The price of these devices is considerable due to their various intricacies. All of these elements may provide a challenge to the functional flours market.

The speciality flours segment is expected to be the largest during the forecast period

The speciality flours segment is estimated to have a lucrative growth owing to the increasing use of specialty flours in the manufacturing of infant food and the outstanding health benefits of specialty flours, together with their high nutritional content. These speciality flours are superior in their ability to handle temperature fluctuations and can be frozen without imparting negative attributes to the final product.

The ready to eat segment is expected to have the highest CAGR during the forecast period

The ready to eat segment is anticipated to witness the fastest CAGR growth during the forecast period because of the ease of use and accessibility of ready-to-eat items. Increasing working populations' busy lifestyles require on-the-go meals to save time that would otherwise be spent preparing food and beverages at home. With different alternatives spanning from breakfast to supper, as well as healthier ones that give whole-grain and other nutritional advantages that are in demand, ready-to-eat items have emerged.

Region with highest share:

North America is projected to hold the largest market share during the forecast period due to the increasing awareness of product effectiveness and the boost in demand for premium products in the region. The investments from the market are high due to contributions from US and Canada. The rising application of functional flours like wheat flours in the baking and confectionery industry is further driving the growth of the Functional Flours Market in this region.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period owing to the rising awareness about the health benefits of functional flours in conjunction with the boost in consumption of specialty flours in the region. The proliferating demand for processed foods is further fueling the progress of the functional flours market in the Asia-Pacific region.

Key players in the market

Some of the key players profiled in the Functional Flour Market include Associated British Foods PLC, The Scoular Company, Archer Daniels Midland Company, Sunopta, Inc., Parrish and Heimbecker, Limited, General Mills, Inc., Cargill Incorporated, Bunge Limited, Agrana Beteiligungs-AG and The Hain Celestial Group Inc.   

Key Developments:

In Oct 2021, Cargill Incorporated launched a rice flour-based maltodextrin substitute. Cargill's new soluble SimPure rice flour is a clean label that has a similar taste, texture, and functionality as maltodextrin. This ingredient can be used as a one-to-one replacement for maltodextrin.

In September 2021, Bunge Limited announced that its plant-based lipids business, Bunge Loders Croklaan has introduced Betapol Organic, the earliest China and EU Certified Organic OPO (oleic-palmitic-oleic or SN2 palmitrate) for instant milk formula (IMF).
 
Types Covered:
• Instant Flour Mixes  
• Pre-Cooked Flour
• Speciality Flours
• Fortified Flour
• Enriched Flours  
• Composite Flours  
 
Products Covered:
• Genetically Modified Flour
• Conventional Flour
• Additive Based Flour
 
Sources Covered:
• Lentils 
• Wheat
• Soy
• Rice
• Maize
• Legumes
• Corn
• Cereals
• Beans          
• Others Sources
 
Sales Channels Covered:
• Business to Business
• Business to Consumers
 
Applications Covered:
• Savoury Snacks 
• Bakery Products
• Soups & Sauces
• Noodles & Pasta
• Ready To Eat
• Breakfast Cereals    
• Other Applications        

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary           
             
2 Preface           
 
 2.1 Abstract           
 2.2 Stake Holders          
 2.3 Research Scope          
 2.4 Research Methodology         
  2.4.1 Data Mining         
  2.4.2 Data Analysis         
  2.4.3 Data Validation         
  2.4.4 Research Approach         
 2.5 Research Sources          
  2.5.1 Primary Research Sources        
  2.5.2 Secondary Research Sources        
  2.5.3 Assumptions         
             
3 Market Trend Analysis          
 3.1 Introduction          
 3.2 Drivers           
 3.3 Restraints          
 3.4 Opportunities          
 3.5 Threats           
 3.6 Product Analysis          
 3.7 Application Analysis         
 3.8 Emerging Markets          
 3.9 Impact of Covid-19          
             
4 Porters Five Force Analysis          

 4.1 Bargaining power of suppliers         
 4.2 Bargaining power of buyers         
 4.3 Threat of substitutes         
 4.4 Threat of new entrants         
 4.5 Competitive rivalry          
             
5 Global Functional Flour Market, By Type         
 5.1 Introduction          
 5.2 Instant Flour Mixes            
 5.3 Pre-Cooked Flour          
 5.4 Speciality Flours           
  5.4.1 Extruded & Partially Transformed Flours       
  5.4.2 Pre-Gelatinized Flours        
  5.4.3 Organic Flours         
  5.4.4 Gluten-Free Flours         
  5.4.5 Enzyme-Treated Flours        
 5.5 Fortified Flour          
 5.6 Enriched Flours            
 5.7 Composite Flours             
             
6 Global Functional Flour Market, By Product        
 6.1 Introduction          
 6.2 Genetically Modified Flour         
 6.3 Conventional Flour            
 6.4 Additive Based Flour         
             
7 Global Functional Flour Market, By Source        
 7.1 Introduction          
 7.2 Lentils             
 7.3 Wheat            
 7.4 Soy           
 7.5 Rice            
 7.6 Maize           
 7.7 Legumes           
 7.8 Corn           
 7.9 Cereals           
 7.10 Beans                     
 7.11 Others Sources          
  7.11.1 Tapioca                   
  7.11.2 Sunflower                  
  7.11.3 Linseed                   
  7.11.4 Rye          
  7.11.5 Peanut                   
  7.11.6 Lentils                   
  7.11.7 Sprouts          
             
8 Global Functional Flour Market, By Sales Channel          
 8.1 Introduction          
 8.2 Business to Business           
 8.3 Business to Consumers         
  8.3.1 Specialty Stores         
  8.3.2 Retail                   
  8.3.3 Pharmaceuticals                 
  8.3.4 Online Retail              
  8.3.5 Hypermarket/Supermarket        
  8.3.6 Convenience Stores         
             
9 Global Functional Flour Market, By Application        
 9.1 Introduction          
 9.2 Savoury Snacks            
 9.3 Bakery Products           
  9.3.1 Donuts & Rolls                   
  9.3.2 Cookies            
  9.3.3 Cakes & Pastries         
  9.3.4 Breads                   
 9.4 Soups & Sauces          
 9.5 Noodles & Pasta           
 9.6 Ready To Eat           
 9.7 Breakfast Cereals               
 9.8 Other Applications                  
  9.8.1 Spreads & Infant Formula                
  9.8.2 Coatings & Breadings           
  9.8.3 Special Diet Foods            
  9.8.4 Beverages                  
  9.8.5 Seasoning Bases            
             
10 Global Functional Flour Market, By Geography         
 10.1 Introduction          
 10.2 North America          
  10.2.1 US          
  10.2.2 Canada          
  10.2.3 Mexico          
 10.3 Europe           
  10.3.1 Germany          
  10.3.2 UK          
  10.3.3 Italy          
  10.3.4 France          
  10.3.5 Spain          
  10.3.6 Rest of Europe         
 10.4 Asia Pacific          
  10.4.1 Japan          
  10.4.2 China          
  10.4.3 India          
  10.4.4 Australia          
  10.4.5 New Zealand         
  10.4.6 South Korea         
  10.4.7 Rest of Asia Pacific         
 10.5 South America          
  10.5.1 Argentina         
  10.5.2 Brazil          
  10.5.3 Chile          
  10.5.4 Rest of South America        
 10.6 Middle East & Africa         
  10.6.1 Saudi Arabia         
  10.6.2 UAE          
  10.6.3 Qatar          
  10.6.4 South Africa         
  10.6.5 Rest of Middle East & Africa        
             
11 Key Developments           

 11.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 11.2 Acquisitions & Mergers         
 11.3 New Product Launch         
 11.4 Expansions          
 11.5 Other Key Strategies         
             
12 Company Profiling           
 12.1 Associated British Foods PLC         
 12.2 The Scoular Company           
 12.3 Archer Daniels Midland Company         
 12.4 Sunopta, Inc.          
 12.5 Parrish and Heimbecker, Limited                
 12.6 General Mills, Inc.             
 12.7 Cargill Incorporated           
 12.8 Bunge Limited             
 12.9 Agrana Beteiligungs-AG            
 12.10 The Hain Celestial Group Inc.            


List of Tables            
1 Global Functional Flour Market Outlook, By Region (2020-2028) ($MN)      
2 Global Functional Flour Market Outlook, By Type (2020-2028) ($MN)      
3 Global Functional Flour Market Outlook, By Instant Flour Mixes (2020-2028) ($MN)     
4 Global Functional Flour Market Outlook, By Pre-Cooked Flour (2020-2028) ($MN)     
5 Global Functional Flour Market Outlook, By Speciality Flours (2020-2028) ($MN)     
6 Global Functional Flour Market Outlook, By Extruded & Partially Transformed Flours (2020-2028) ($MN)   
7 Global Functional Flour Market Outlook, By Pre-Gelatinized Flours (2020-2028) ($MN)    
8 Global Functional Flour Market Outlook, By Organic Flours (2020-2028) ($MN)     
9 Global Functional Flour Market Outlook, By Gluten-Free Flours (2020-2028) ($MN)     
10 Global Functional Flour Market Outlook, By Enzyme-Treated Flours (2020-2028) ($MN)    
11 Global Functional Flour Market Outlook, By Fortified Flour (2020-2028) ($MN)     
12 Global Functional Flour Market Outlook, By Enriched Flours (2020-2028) ($MN)     
13 Global Functional Flour Market Outlook, By Composite Flours (2020-2028) ($MN)     
14 Global Functional Flour Market Outlook, By Product (2020-2028) ($MN)      
15 Global Functional Flour Market Outlook, By Genetically Modified Flour (2020-2028) ($MN)    
16 Global Functional Flour Market Outlook, By Conventional Flour (2020-2028) ($MN)     
17 Global Functional Flour Market Outlook, By Additive Based Flour (2020-2028) ($MN)    
18 Global Functional Flour Market Outlook, By Source (2020-2028) ($MN)      
19 Global Functional Flour Market Outlook, By Lentils (2020-2028) ($MN)      
20 Global Functional Flour Market Outlook, By Wheat (2020-2028) ($MN)      
21 Global Functional Flour Market Outlook, By Soy (2020-2028) ($MN)      
22 Global Functional Flour Market Outlook, By Rice (2020-2028) ($MN)      
23 Global Functional Flour Market Outlook, By Maize (2020-2028) ($MN)      
24 Global Functional Flour Market Outlook, By Legumes (2020-2028) ($MN)      
25 Global Functional Flour Market Outlook, By Corn (2020-2028) ($MN)      
26 Global Functional Flour Market Outlook, By Cereals (2020-2028) ($MN)      
27 Global Functional Flour Market Outlook, By Beans (2020-2028) ($MN)      
28 Global Functional Flour Market Outlook, By Others Sources (2020-2028) ($MN)     
29 Global Functional Flour Market Outlook, By Tapioca (2020-2028) ($MN)      
30 Global Functional Flour Market Outlook, By Sunflower (2020-2028) ($MN)     
31 Global Functional Flour Market Outlook, By Linseed (2020-2028) ($MN)      
32 Global Functional Flour Market Outlook, By Rye (2020-2028) ($MN)       
33 Global Functional Flour Market Outlook, By Peanut (2020-2028) ($MN)      
34 Global Functional Flour Market Outlook, By Lentils (2020-2028) ($MN)      
35 Global Functional Flour Market Outlook, By Sprouts (2020-2028) ($MN)      
36 Global Functional Flour Market Outlook, By Sales Channel (2020-2028) ($MN)     
37 Global Functional Flour Market Outlook, By Business to Business (2020-2028) ($MN)    
38 Global Functional Flour Market Outlook, By Business to Consumers (2020-2028) ($MN)    
39 Global Functional Flour Market Outlook, By Specialty Stores (2020-2028) ($MN)     
40 Global Functional Flour Market Outlook, By Retail (2020-2028) ($MN)      
41 Global Functional Flour Market Outlook, By Pharmaceuticals (2020-2028) ($MN)     
42 Global Functional Flour Market Outlook, By Online Retail (2020-2028) ($MN)     
43 Global Functional Flour Market Outlook, By Hypermarket/Supermarket (2020-2028) ($MN)    
44 Global Functional Flour Market Outlook, By Convenience Stores (2020-2028) ($MN)     
45 Global Functional Flour Market Outlook, By Application (2020-2028) ($MN)     
46 Global Functional Flour Market Outlook, By Savoury Snacks (2020-2028) ($MN)     
47 Global Functional Flour Market Outlook, By Bakery Products (2020-2028) ($MN)     
48 Global Functional Flour Market Outlook, By Donuts & Rolls (2020-2028) ($MN)     
49 Global Functional Flour Market Outlook, By Cookies (2020-2028) ($MN)      
50 Global Functional Flour Market Outlook, By Cakes & Pastries (2020-2028) ($MN)     
51 Global Functional Flour Market Outlook, By Breads (2020-2028) ($MN)      
52 Global Functional Flour Market Outlook, By Soups & Sauces (2020-2028) ($MN)     
53 Global Functional Flour Market Outlook, By Noodles & Pasta (2020-2028) ($MN)     
54 Global Functional Flour Market Outlook, By Ready To Eat (2020-2028) ($MN)     
55 Global Functional Flour Market Outlook, By Breakfast Cereals (2020-2028) ($MN)     
56 Global Functional Flour Market Outlook, By Other Applications (2020-2028) ($MN)     
57 Global Functional Flour Market Outlook, By Spreads & Infant Formula (2020-2028) ($MN)    
58 Global Functional Flour Market Outlook, By Coatings & Breadings (2020-2028) ($MN)    
59 Global Functional Flour Market Outlook, By Special Diet Foods (2020-2028) ($MN)      
60 Global Functional Flour Market Outlook, By Beverages (2020-2028) ($MN)     
61 Global Functional Flour Market Outlook, By Seasoning Bases (2020-2028) ($MN)     
             
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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