Functional Flours Market By Type (Specialty Flour and Conventional Flour), By Source (Cereals and Legumes), By Application (Bakery, Savory Snacks, Soups and Sauces, Ready-to-Eat (RTE) Products, and Other), Global Analysis to 2023
Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Food and Beverage | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationFunctional Flours Market By Type (Specialty Flour and Conventional Flour), By Source (Cereals and Legumes), By Application (Bakery, Savory Snacks, Soups and Sauces, Ready-to-Eat (RTE) Products, and Other), Global Analysis to 2023
Functional Flours Market Valuation – 2024-2031
According to the new report titled " Functional Flours Market By Type (Specialty Flour and Conventional Flour), By Source (Cereals and Legumes), By Application (Bakery, Savory Snacks, Soups and Sauces, Ready-to-Eat (RTE) Products, and Other), Global Analysis to 2023",
The valuation of the Functional Flours market was $80.1 Million in 2023 and is projected to reach $197.4 Million by 2032, at a CAGR of 5.57% from 2021 to 2032.
The Functional Flours Market was valued at $80.1 Billion by 2023 and expected to grow at CAGR of 5.57% over forecast period. Functional flours are a category of flours that have been specially formulated or processed to provide specific functional properties beyond basic nutrition and structure. These flours are often used as ingredients in food products to enhance texture, taste, nutritional profile, or shelf life. With the rise in gluten intolerance and celiac disease, there is a growing demand for gluten-free flours. These flours, often made from rice, corn, quinoa, amaranth, or chickpeas, provide an alternative for individuals who need to avoid gluten-containing grains like wheat, barley, and rye.
Growing awareness of the importance of nutrition and wellness has led consumers to seek out foods with added health benefits. Functional flours, such as those high in protein, fiber, or vitamins, appeal to health-conscious consumers looking to improve their diets. As the global population ages, there is an increased focus on foods that support healthy aging and address age-related health concerns. Functional flours fortified with nutrients like calcium, vitamin D, or antioxidants may appeal to older consumers looking to maintain bone health, cognitive function, or immune support.
Specialty Flour held the largest share in the Functional Flours market
By Type (Specialty Flour and Conventional Flour) where Specialty Flour plays a crucial role in the Functional Flours market. With an increasing focus on health and wellness, consumers are seeking out functional foods that offer added nutritional benefits. Specialty flours, such as those made from ancient grains like quinoa, amaranth, or teff, are rich in protein, fiber, vitamins, and minerals, making them attractive options for health-conscious consumers. The rising prevalence of gluten intolerance and celiac disease has fueled the demand for gluten-free products, including specialty flours made from gluten-free grains like rice, corn, millet, and sorghum.
These flours provide alternatives to traditional wheat flour for individuals with gluten sensitivities, driving demand in both retail and foodservice sectors. Specialty flours cater to consumers following various alternative diets, including low-carb, paleo, and keto diets. Flours made from nuts, seeds, and legumes, such as almond flour, coconut flour, and chickpea flour, are popular choices among individuals seeking to reduce their carbohydrate intake while still enjoying baked goods and other flour-based products.
North America headed the Functional Flours market in 2023
Hey there, foodies! More and more of us in North America are paying attention to our health. We're looking for foods that make us feel good inside and out. That's why the demand for flours with extra nutrition is on the rise. Now, let's talk about those with gluten sensitivities. The number of people who can't eat gluten has gone up, and there are more people choosing to go gluten-free for health reasons. This has created a huge buzz for flours like almond flour, coconut flour, and rice flour that are gluten-free alternatives to wheat flour. But wait, there's more! People in North America are also embracing plant-based diets, whether it's for the environment, the animals, or their own health. Flours made from plants like legumes, nuts, and grains are a great way to add protein, fiber, and other good stuff to plant-based meals. And let's not forget about all the different diets people follow these days, like low-carb, paleo, ketogenic, and vegan. Functional flours are stepping up to meet these needs too, with options like low-carb almond flour, paleo-friendly coconut flour, and high-protein chickpea flour. So, there you have it! The demand for functional flours in North America is booming because they meet our growing health and dietary priorities. Whether you're looking for gluten-free, plant-based, or specialized flours, there's something for everyone to munch on!
Key market players operating in the market that are profiled in the report are-
Archer Daniels Midland Company; Associated British Foods; Bunge Limited; Cargill; General Mills; Gisto’s Vita Grain; Hain Celestial Group Inc.; Parrish and Heimbecker Limited; Sunopta, Inc.; Shipton Mill etc.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD |
2021-2031 |
| GROWTH RATE |
CAGR of ~ 9.50% from 2024 to 2031 |
| BASE YEAR FOR VALUATION |
2024 |
| HISTORICAL PERIOD |
2021-2023 |
| FORECAST PERIOD |
2024-2031 |
| QUANTITATIVE UNITS |
Value in USD Billion |
| REPORT COVERAGE |
Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| SEGMENTS COVERED |
|
| REGIONS COVERED |
|
| KEY PLAYERS |
|
| CUSTOMIZATION |
Report customization along with purchase available upon request |
Competitive Landscape
Examining the competitive landscape of the functional flour market is essential for understanding the industry’s dynamics. This research analyses the competitive landscape, highlighting key players, market trends, innovations, and strategies. This analysis will provide valuable insights to industry stakeholders, enabling them to navigate the competitive landscape and capitalize on emerging opportunities effectively. Understanding the competitive landscape will empower stakeholders to make informed decisions, adapt to market trends, and develop strategies to enhance their market position and competitiveness in the functional flour market.
Some of the prominent players operating in the functional flour market include
- General Mills Inc.
- Parrish and Heimbecker Limited
- Cargill
- Archer Daniels Midland Company
- Sunopta Inc.
- Agrana Beteilgungs AG
- The Scoular Company
- The Hain Celestial Group
- Bunge Limited
- Associated British Foods PLC
Functional Flours Market, By Category
Type
- Whole Grains
- Specialty
- Fortified
Source
- Wheat
- Maize
- Rice
Application
- Bakery & Confectionery
- Soups & Sauces
- RTE Products
Distribution Channel
- Hypermarkets/Supermarkets
- Convenience Stores
- Online Retail
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Reasons to Purchase this Report
Understanding the Market We will thoroughly analyze the market, considering both economic and non-economic factors. We'll provide data on the value of each market segment and sub-segment in billions of US dollars. We'll pinpoint the region and segment that's poised for the most growth and will likely dominate the market.Regional Insights We'll dive deep into each region, examining the consumption of the product or service. We'll identify the factors that are influencing the market in each region.Competitive Landscape We'll rank the major players in the market. We'll track their new product launches, partnerships, and acquisitions over the past five years.Company Profiles For the top market players, we'll provide detailed profiles with an overview, insights, product comparisons, and SWOT analyses. Market Outlook We'll present a clear picture of the current and future market, highlighting growth drivers, challenges, and opportunities in both emerging and developed regions. We'll use Porter's Five Forces Analysis to provide an in-depth examination of the market from multiple angles. We'll map out the market's value chain to provide a comprehensive understanding.Market Dynamics We'll identify the key growth opportunities in the coming years. We'll assess the overall market dynamics to give you a clear understanding of the landscape.Ongoing Support For six months after the sale, we'll provide dedicated analyst support to answer your questions.
Table of Content
1 INTRODUCTION OF GLOBAL FUNCTIONAL FLOURS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL FUNCTIONAL FLOURS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL FUNCTIONAL FLOURS MARKET, BY TYPE
5.1 Overview
5.2 Specialty Flours
5.2.1 Enzyme Treated
5.2.2 Gluten Free
5.2.3 Extruded and Partially Transformed
5.2.4 Pre-Gelatinized
5.3 Pre Cooked Flours
5.4 Others
6 GLOBAL FUNCTIONAL FLOURS MARKET, BY APPLICATION
6.1 Overview
6.2 Bakery Products
6.3 Sauces and Soups
6.4 Others
7 GLOBAL FUNCTIONAL FLOURS MARKET, BY SOURCE
7.1 Overview
7.2 Cereals
7.3 Legumes
8 GLOBAL FUNCTIONAL FLOURS MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East and Africa
9 GLOBAL FUNCTIONAL FLOURS MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Share
9.3 Vendor Landscape
9.4 Key Development Strategies
10 COMPANY PROFILES
10.1 General Mills Inc.
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Parrish and Heimbecker Limited
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Cargill
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Archer Daniels Midland Company
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Sunopta Inc.
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Agrana Beteilgungs AG
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 The Scoular Company
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 The Hain Celestial Group
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Bunge Limited
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Associated British Foods PLC
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 Appendix
11.1 Related Reports
- General Mills Inc.
- Parrish and Heimbecker Limited
- Cargill
- Archer Daniels Midland Company
- Sunopta Inc.
- Agrana Beteilgungs AG
- The Scoular Company
- The Hain Celestial Group
- Bunge Limited
- Associated British Foods PLC
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