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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 on: 2024-07-07 | No of Pages : 240 | Industry : Food and Beverage

Publisher : MIR | Format : PDF&Excel

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

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

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

North American consumers are increasingly focused on health and wellness, leading to a growing demand for foods with added nutritional benefits. Functional flours, which offer enhanced nutritional profiles compared to traditional flours, align with these consumer preferences. The gluten-free market in North America has experienced significant growth, driven by the increasing prevalence of gluten intolerance and celiac disease, as well as consumer interest in gluten-free diets for health reasons. Functional flours such as almond flour, coconut flour, and rice flour are popular alternatives to wheat flour for individuals with gluten sensitivities. There is a growing interest in plant-based diets and plant-derived foods in North America, driven by concerns about sustainability, animal welfare, and health. Functional flours made from legumes, nuts, seeds, and grains are valuable components of plant-based recipes, providing protein, fiber, and other essential nutrients. North American consumers follow a variety of specialty diets, including low-carb, paleo, ketogenic, and vegan diets, among others. Functional flours tailored to these dietary preferences, such as low-carb almond flour, paleo-friendly coconut flour, and high-protein chickpea flour, are in high demand among individuals adhering to these eating patterns.

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
  • Type
  • Source
  • Application
  • Distribution Channel
REGIONS COVERED
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
KEY PLAYERS
  • 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
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

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

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

Table of Content

Will be Available in the sample /Final Report. Please ask our sales Team.
Will be Available in the sample /Final Report. Please ask our sales Team.