The Functional Flour Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Functional Flour Global Market Report 2024, 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..
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.
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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
Top Major Players
Cargill Incorporated
Archer Daniels Midland Company
Bunge Limited
Associated British Foods PLC
General Mills Inc.
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.
The functional flour market report table of contents includes:
1. Executive Summary
2. Functional Flour Market Characteristics
3. Functional Flour Market Trends And Strategies
4. Functional Flour Market – Macro Economic Scenario
5. Global Functional Flour Market Size and Growth
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31. Global Functional Flour Market Competitive Benchmarking
32. Global Functional Flour Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Functional Flour Market
34. Functional Flour Market Future Outlook and Potential Analysis
35. Appendix
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