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Functional Flour Market Size, Industry Trends Report | 2031
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Functional Flour Market Size, Industry Trends Report | 2031

Segments - Functional Flour Market by Types (Pre-cooked Flour, Specialty Flour, Enriched Flour, Instant flour Mixes, and Composite Flour), Applications (Bakery, Soups & Sauces, R.T.E Products and others) and Region (North America, South America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Trends, and Forecast 2023 - 2031

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Author : Anuradha B. More
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Fact-checked by : Vaibhav Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :FB-730 | 4.2 Rating | 78 Reviews | 184 Pages | Format : PDF Excel PPT

Report Description


Functional Flour Market Outlook 2031:

The global functional flour market size was valued at USD 57.87 Billion in 2022 and is projected to reach USD 113.77 Billion by 2031, expanding at a CAGR of 7.8% during the forecast period 2023 - 2031. The growth of the market is attributed to the rapid growth in the processed food industry. Moreover, changing lifestyle and inclination toward convenient and healthy food options in emerging countries is driving the market growth.

Functional flour is used for producing ready to eat (RTE) products, bakery items, snacks, soups & sauces, seasoning bases, coatings & breading, spreads & infant formula, and special diet foods & beverages. This type of flour is manufactured and treated to have improved nutrient qualities. They are made from genetically modified grains, which contain less gluten than the conventional wheat flours.

Functional Flour Market Outlook

  • Increasing demand for premium food products and rising initiatives to promote functional flours are driving the growth of market.
  • Rising awareness regarding personal health and health benefits of functional flour is expected to spur the market expansion during the forecast period.
  • Volatility in the supply of raw materials on account of changing climatic conditions coupled with price fluctuations are expected to hinder the market growth during the forecast period.
  • Growing demand for healthier low fat alternatives is anticipated to fuel the growth of the market.
  • The COVID-19 pandemic has encouraged people to consume healthy food products, which is speculated to positively influence the market growth.

Scope of Functional Flour Market Report

The report on the global functional flour market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Functional Flour Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Pre-cooked Flour, Specialty Flour, enriched flours, instant flour mixes and composite flours) and Applications (Bakery, Soups & Sauces, RTE Products, and Others)

Regional Scope

North America, South America Europe, APAC, Latin America and Middle East & Africa

Report Coverage

Market Analysis and Size, Market Segment, Competitive Landscape, Driving Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Cargill Incorporated, SunOpta Limited, Archer Daniels Midland Company, Bunge Limited, The Scoular Company, Unicorn Grain Specialties, Parrish and Heimbecker Ltd, ITC Limited, Associated British Foods plc, ConAgra Foods, Inc, The Caremoli Group, General Mills Inc., Ingredion Inc., and The Hain Celestial Group

Global Functional Flour Market Segment Insights

Specialty flour segment to account a significant market share

Based on types, the market is divided into, pre-cooked flour, specialty flour, enriched flours, instant flour mixes, and composite flours. The specialty flour segment is expected to account for a significant market share during the forecast period.

Growing demand for food products with health benefits coupled with high nutritive value is driving the segment growth.

Functional Flour Market Types

RTE products to dominate the market

On the basis of applications, the market is segmented into, bakery, soups & sauces, RTE products, and others. RTE products include breakfast cereals, snacks, pastas, ready-to-eat meals, and nutritional bars. This segment is anticipated to dominating the market segment in the projected timeline.

However, the bakery products and soups & sauces segments are anticipated to expand at a rapid pace during the forecast period. Functional flours are widely used in the bakery industry.

Functional Flour Market Application

North America to account a large market share

In terms of regions, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North America is expected to account for a large market share during forecast period, 2021-2028. High consumption of functional floor as the population in countries such as the US and China are more inclined toward health conscious products.

People in these countries are striving to adopt a combination of grains, cereals, lentils in their everyday food for essential nutrients. On the other hand, the market in Asia Pacific is anticipated to exhibit a high CAGR owing to growing influence of the western culture.

Functional Flour Market Region

Segments

Types

  • Pre-cooked Flour
  • Specialty Flour
  • Enriched Flour
  • Instant Flour Mixes
  • Composite Flour

Applications

  • Bakery Products
  • Soups & Sauces
  • RTE Products
  • Others

Regions

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Key players

  • Cargill Incorporated
  • SunOpta Limited
  • Archer Daniels Midland Company
  • Bunge Limited
  • The Scoular Company
  • Unicorn Grain Specialties
  • Parrish and Heimbecker Ltd
  • ITC Limited, Associated British Foods plc
  • ConAgra Foods, Inc
  • The Caremoli Group
  • General Mills Inc.
  • Ingredion Inc.
  • The Hain Celestial Group

Competitive Landscape

The major players of the functional flour market are Cargill Incorporated, SunOpta Limited, Archer Daniels Midland Company, Bunge Limited, The Scoular Company, Unicorn Grain Specialties, Parrish and Heimbecker Ltd, ITC Limited, Associated British Foods plc, ConAgra Foods, Inc, The Caremoli Group, General Mills Inc., Ingredion Inc., and The Hain Celestial Group.

Companies are engaging acquisitions and mergers, research & developments, and product development to expand their market share.

Functional Flour Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Functional Flour Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Functional Flour Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Functional Flour Market - Supply Chain
  4.5. Global Functional Flour Market Forecast
     4.5.1. Functional Flour Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Functional Flour Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Functional Flour Market Absolute $ Opportunity
5. Global Functional Flour Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Functional Flour Market Size and Volume Forecast by Types
     5.3.1. Pre-cooked Flour
     5.3.2. Specialty Flour
     5.3.3. Enriched Flour
     5.3.4. Instant Flour Mixes
     5.3.5. Composite Flour
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Functional Flour Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Functional Flour Market Size and Volume Forecast by Applications
     6.3.1. Bakery Products
     6.3.2. Soups & Sauces
     6.3.3. RTE Products
     6.3.4. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Functional Flour Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Functional Flour Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Functional Flour Demand Share Forecast, 2019-2026
8. North America Functional Flour Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Functional Flour Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Functional Flour Market Size and Volume Forecast by Types
     8.4.1. Pre-cooked Flour
     8.4.2. Specialty Flour
     8.4.3. Enriched Flour
     8.4.4. Instant Flour Mixes
     8.4.5. Composite Flour
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Functional Flour Market Size and Volume Forecast by Applications
     8.7.1. Bakery Products
     8.7.2. Soups & Sauces
     8.7.3. RTE Products
     8.7.4. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Functional Flour Demand Share Forecast, 2019-2026
9. Latin America Functional Flour Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Functional Flour Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Functional Flour Market Size and Volume Forecast by Types
     9.4.1. Pre-cooked Flour
     9.4.2. Specialty Flour
     9.4.3. Enriched Flour
     9.4.4. Instant Flour Mixes
     9.4.5. Composite Flour
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Functional Flour Market Size and Volume Forecast by Applications
     9.7.1. Bakery Products
     9.7.2. Soups & Sauces
     9.7.3. RTE Products
     9.7.4. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Functional Flour Demand Share Forecast, 2019-2026
10. Europe Functional Flour Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Functional Flour Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Functional Flour Market Size and Volume Forecast by Types
     10.4.1. Pre-cooked Flour
     10.4.2. Specialty Flour
     10.4.3. Enriched Flour
     10.4.4. Instant Flour Mixes
     10.4.5. Composite Flour
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Functional Flour Market Size and Volume Forecast by Applications
     10.7.1. Bakery Products
     10.7.2. Soups & Sauces
     10.7.3. RTE Products
     10.7.4. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Functional Flour Demand Share Forecast, 2019-2026
11. Asia Pacific Functional Flour Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Functional Flour Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Functional Flour Market Size and Volume Forecast by Types
     11.4.1. Pre-cooked Flour
     11.4.2. Specialty Flour
     11.4.3. Enriched Flour
     11.4.4. Instant Flour Mixes
     11.4.5. Composite Flour
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Functional Flour Market Size and Volume Forecast by Applications
     11.7.1. Bakery Products
     11.7.2. Soups & Sauces
     11.7.3. RTE Products
     11.7.4. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Functional Flour Demand Share Forecast, 2019-2026
12. Middle East & Africa Functional Flour Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Functional Flour Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Functional Flour Market Size and Volume Forecast by Types
     12.4.1. Pre-cooked Flour
     12.4.2. Specialty Flour
     12.4.3. Enriched Flour
     12.4.4. Instant Flour Mixes
     12.4.5. Composite Flour
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Functional Flour Market Size and Volume Forecast by Applications
     12.7.1. Bakery Products
     12.7.2. Soups & Sauces
     12.7.3. RTE Products
     12.7.4. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Functional Flour Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Functional Flour Market: Market Share Analysis
  13.2. Functional Flour Distributors and Customers
  13.3. Functional Flour Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Cargill Incorporated,
     13.4.2. SunOpta Limited
     13.4.3. Archer Daniels Midland Company
     13.4.4. Bunge Limited
     13.4.5. The Scoular Company
     13.4.6. Unicorn Grain Specialties
     13.4.7. Parrish and Heimbecker Ltd
     13.4.8. ITC Limited, Associated British Foods plc
     13.4.9. ConAgra Foods, Inc
     13.4.10. The Caremoli Group

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