According to MarkNtel Advisors study, The Global Functional Flour Market size was valued at USD 62.5 billion in 2022 & is estimated to grow at a CAGR of around 7.8% during the forecast period, i.e., 2024-30.
With the growing prevalence in the gluten-intolerant population across the globe, a surge in the requirement for gluten-free food products is registered in several regions worldwide. This, in turn, is motivating numerous start-ups to invest on the production of gluten-free food products made from low-impact & sustainable crops, which is further generating a great opportunity for the Global Functional Flour Market. Moreover, functional flour acts as the substitute to the traditional flour that lacks amino acid & gluten found generally in grains, making it a great fit for gluten-intolerant consumers. Consequently, many new players are shifting towards the manufacturing of functional flour (gluten-free), which creating a great opportunistic arena for the market.
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Key Findings in Functional Flour Market:
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Historical Years |
2019-2022 |
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Base Years |
2023 |
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Forecast Years |
2024-2030 |
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Key Report Highlights |
· Market Dimensions & Projections
· Pricing Evaluation, · Recent Strategic Moves by Companies, · Primary Stakeholders, · Analysis of Import and Export Trends, · Competitive Landscape Assessment, · Emerging Opportunities, · Market Trends and Indicators |
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Reports Delivery Format
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Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address. |
Functional Flour Market Key Players:
Archer Daniels Midland (ADM), Bunge Limited, Associated British Foods, Cargill Incorporated, Ingredion Incorporated, The Scoular Company, Hain Celestial Group, Sunopta Inc., GEMEF Industries, The Caremoli Group, Ulrick & Short, General Mills, Inc., Limagrain, Parrish & Heimbecker, Others
Market Segmentation Overview:
By Source
–Cereals
-Legumes
Legumes application accounted for the majority of the market share in the past years & is envisioned to follow a similar trend in the forecast years as well. There is a variety of legumes utilized to make functional flour owing to their nutritional value & techno-functional advantages like solubility, water & oil holding, foaming, gelatin, emulsification, and several others. It is also popular among the vegetarian & vegan population. They are cost-effective & sustainable alternatives to animal protein that could suffice & satisfy the needs of the ever-increasing population, thus playing a key role in encouraging the Global Functional Flour Market expansion in the following years.
By Type
-Specialty Flour
-Pre-Cooked Flours
-Others
By Application
-Bakery
-Soup and Sauces
-Ready to Eat Products
-Others
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By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
The Functional Flour Industry Recent Development:
July 2021: Ulrick & Short introduced functional flour. It focused on enhancing the viscosity, texture & structure of gluten-free bakery products.
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