Functional Flour Global Market Report 2024

Description

Functional Flour Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on functional flour market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for functional flour? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The functional flour market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Specialty 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
Companies Mentioned: Cargill Incorporated; Archer Daniels Midland Company; Bunge Limited; Associated British Foods PLC; General Mills Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Functional flours are specialized products subjected to hydrothermal treatment, designed for diverse applications in the food and beverage industry. These flours offer a healthier alternative to regular ingredients and are employed to create premium culinary products, promoting cleaner labels and enhanced nutritional density.

The main types of functional flours encompass specialty flours, enzyme-treated flours, gluten-free flours, extruded and partially transformed flours, pre-gelatinized flours, and precooked flours. Specialty flours stand out for their versatility, imparting distinctive flavors and textures to a wide range of applications, aligning with various consumer trends and expectations. Raw materials for functional flours include maize, rice, wheat, and others, catering to applications beyond the food sector, such as non-food applications. These flours find use in bakery products, noodles and pasta, and various other culinary applications, contributing to the production of cleaner-label, healthier, and more nutrient-dense food and feed products. The diverse range of functional flours reflects their adaptability and ability to meet the evolving demands of the food and beverage industry.

The functional flour market research report is one of a series of new reports from The Business Research Company that provides functional flour market statistics, including functional flour industry global market size, regional shares, competitors with a functional flour market share, detailed functional flour market segments, market trends and opportunities, and any further data you may need to thrive in the functional flour industry. This functional flour market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 historical period can be attributed to the utilization of functional flour in the food processing industry, the recognition of specific health benefits, the increasing demand for specialty diets, the rise in interest for personalized nutrition, and 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 anticipated growth in the forecast period can be attributed to the increasing demand for specialty flours, consumer preferences for clean labels, a focus on functional attributes, the influence of health and wellness trends, and the growing requirements for gluten-free and allergen-free products. Key trends expected in the forecast period encompass regulatory changes and evolving labeling standards, the utilization of functional flour in food processing, the promotion of global culinary fusion, a commitment to sustainable and ethical sourcing practices, and continuous innovation in food technology.

The increase in demand for ready-to-eat products is a significant driver contributing to the growth of the functional flour market. Ready-to-eat products, which are pre-cleaned, pre-cooked, and packaged foods ready for immediate consumption, have witnessed a surge in demand. This demand is driven by changing lifestyles, increased disposable incomes, and the convenience these products offer in terms of time and effort savings. The rapid growth of China's ready meals market, with annual sales expected to exceed $148 billion in the next six to seven years and an annual growth rate of 20%, underscores the global trend towards ready-to-eat products. Functional flours play a crucial role in enhancing the health benefits of these products.

The rise in health-conscious consumers is expected to further propel the growth of the functional flour market. Health-conscious consumers prioritize maintaining and improving their physical and mental well-being, actively seeking ways to make healthier lifestyle choices. Functional flours, with their nutrient-rich profiles, provide an attractive option for health-conscious consumers looking for ingredients that contribute to overall wellness. The increased adoption of specific diets or eating patterns, such as clean eating and mindful eating, reflects a growing awareness and commitment to healthier lifestyles. As a result, functional flours are well-positioned to cater to the preferences of health-conscious consumers.

Product innovation stands out as a key trend in the functional flour market, with major companies focusing on developing innovative products. For example, Ulrick & Short introduced Fazenda gel, a functional flour designed to enhance viscosity, texture, and structure in bakery applications. The unique features of this product, including gluten-free properties and its role as a viscosity regulator, demonstrate ongoing efforts to bring innovative solutions to the market. Such innovations contribute to meeting the evolving demands of consumers and the food industry.

Major companies in the functional flour market are increasingly focusing on introducing natural functional flours to gain a competitive edge. Natural functional flours, characterized by minimal processing and the retention of original nutritional content, are gaining traction. Limagrain's Innosense range of functional flours, designed for extruded snacks, exemplifies this trend. These flours address challenges in snack production, offering solutions such as starch replacement, hydration improvement, cost savings, and enrichment with fiber and protein. The emphasis on natural, clean-label solutions reflects a broader industry shift towards meeting consumer demands for healthier and more sustainable food options.

In June 2022, General Mills, a prominent U.S.-based manufacturer specializing in branded consumer foods with a focus on the functional flour market, successfully acquired TNT Crust for an undisclosed sum. This strategic acquisition aligns with General Mills' 'accelerate' strategy, reinforcing its dominant position in the rapidly growing market for frozen baked products designed for consumption away from home. TNT Crust, headquartered in the Netherlands, is a key player in providing pizza crusts and is also involved in the functional flour market.

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, Dohler 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.

North America was the largest region in the functional flour market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the functional flour market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the functional flour market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The functional flour market consists of sales of amaranth flour, wheat flour, arrowroot flour, buckwheat flour, cassava flour, chickpea flour, and chia flour. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12723

1. Executive Summary

2. Functional Flour Market Characteristics

3. Functional Flour Market Trends And Strategies

4. Functional Flour Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Functional Flour Market Size and Growth

5.1. Global Functional Flour Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Functional Flour Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Functional Flour Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Functional Flour Market Segmentation

6.1. Global Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Speciality Flours
Enzyme Treated
Gluten Free
Extruded And Partially Transformed
Pre-Gelatinized
Pre Cooked Flours
6.2. Global Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Maize
Rice
Wheat
Other Raw Materials
6.3. Global Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Non-Food Applications
Bakery Products
Noodles And Pasta
Other Applications

7. Functional Flour Market Regional And Country Analysis

7.1. Global Functional Flour Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Functional Flour Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Functional Flour Market

8.1. Asia-Pacific Functional Flour Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Functional Flour Market

9.1. China Functional Flour Market Overview
9.2. China Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Functional Flour Market

10.1. India Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Functional Flour Market

11.1. Japan Functional Flour Market Overview
11.2. Japan Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Functional Flour Market

12.1. Australia Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Functional Flour Market

13.1. Indonesia Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Functional Flour Market

14.1. South Korea Functional Flour Market Overview
14.2. South Korea Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Functional Flour Market

15.1. Western Europe Functional Flour Market Overview
15.2. Western Europe Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Functional Flour Market

16.1. UK Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Functional Flour Market

17.1. Germany Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Functional Flour Market

18.1. France Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Functional Flour Market

19.1. Italy Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Functional Flour Market

20.1. Spain Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Functional Flour Market

21.1. Eastern Europe Functional Flour Market Overview
21.2. Eastern Europe Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Functional Flour Market

22.1. Russia Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Functional Flour Market

23.1. North America Functional Flour Market Overview
23.2. North America Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Functional Flour Market

24.1. USA Functional Flour Market Overview
24.2. USA Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Functional Flour Market

25.1. Canada Functional Flour Market Overview
25.2. Canada Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Functional Flour Market

26.1. South America Functional Flour Market Overview
26.2. South America Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Functional Flour Market

27.1. Brazil Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Functional Flour Market

28.1. Middle East Functional Flour Market Overview
28.2. Middle East Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Functional Flour Market

29.1. Africa Functional Flour Market Overview
29.2. Africa Functional Flour Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Functional Flour Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Functional Flour Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Functional Flour Market Competitive Landscape And Company Profiles

30.1. Functional Flour Market Competitive Landscape
30.2. Functional Flour Market Company Profiles
- 30.2.1. Cargill Incorporated
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Archer Daniels Midland Company
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Bunge Limited
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Associated British Foods plc
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. General Mills Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

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

34.1 Functional Flour Market In 2028 - Countries Offering Most New Opportunities
34.2 Functional Flour Market In 2028 - Segments Offering Most New Opportunities
34.3 Functional Flour Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer