Report Id: SNS/F&B/2264 | July 2022 | Region: Global | 134 Pages
Report Scope & Overview:
The Functional Flours Market Size was valued at USD 16.85 billion in 2022 and is expected to reach USD 26.86 billion by 2030, and grow at a CAGR of 6.0 % over the forecast period 2023-2030.
The size of the market for functional flours is expected to grow quickly over the next few years. Functional flour is an ingredient that is used today and has many health benefits. There are many ways to make these functional flours. Some of the ways that these high-nutritional-value flours are made are by breeding and mixing. Using functional flours is good in a lot of ways. There may be a lot of unhealthy things in regular flour. Functional flours, on the other hand, don't have any waste or unhealthy ingredients. Rich in vitamins and minerals, it is flour.
People are buying more and more functional foods on the market today. The number of people who want to buy this product is very high. Herbs, vitamins, and other healthy things are used to make functional flours. Overall, this product will last longer than regular flours. People all over the world try to eat lentils, cereal, and grains every day now. But functional flour is a food that gives the consumer all of these things.
It is an easy-to-prepare food that is ready to eat. The wheat functional flour market segment is where people are buying the most. Organic gluten-free flours are healthy and can be used by anyone. People who care about their health like these gluten-free flours a lot. All of these are things that will make the market value of functional flour go up.
More people want high-quality food products.
Efforts to spread the word about functional flours.
More people are buying easy-to-make and healthy foods.
The global trade of functional flours is getting busier.
Tight rules from the government
Volatile commodity prices
More people want healthier, low-fat options
In developing countries, there is a lack of infrastructure and technological resources.
Impact of Covid-19:
The spread of covid 19 is making the global market face many problems. In many places, the amount of food produced is low. Because of lockdowns and restrictions, there are fewer goods on the market in many places. The lockdowns are affecting the factories of different markets.
But this time, functional food is becoming more popular. People are becoming more aware of how good this food is for them. Because of this, more people are using functional flour. From 2021 on, the market's production and supply are going to go up. At this time, flour is an important product. During this time, the amount of flour being made is going up. It is expected to meet the food needs of people in many different countries. This product has grown quickly because it lasts a long time and is easy to use. These things will make the market outlook for functional flours look good.
In light of the Type, the market is bifurcated into Specialty Flours, Pre-Cooked Flours, and Others. The Specialty Flours section is supposed to hold the biggest piece of the pie. The elements can be ascribed to their prevalent medical advantages and high nutritive worth.
Given the Application, the market is bifurcated into Bakery Products, Sauces and Soups, Ready Eat Products, and Others. Prepared to Eat Products are anticipated to hold the main CAGR in the estimated period because of the simplicity of its accessibility and convenience.
Given the Source, the market is bifurcated into Cereals and Legumes. Both grain and non-grain useful flours upgrade the healthy benefits and subsequently are supposed to support the market interest.
Key Market Segments:
Others (enriched flours, instant flour mixes, and composite flours)
Soups & Sauces
Others (seasoning bases, coatings & breadings, spreads & infant formula, special diet foods, and beverages)
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Asia-Pacific, Europe, and North America are the most important regions in the market. North America has the largest market share for functional flours. There is more innovation and growth in these markets. Also, there will be a lot of new products on the market in the years to come. The key players know the most about functional flours and the health benefits they offer. Europe has the most flour production and is the second-largest market for flour.
On the market, both demand and supply are very high. Also, Asia-Pacific is the area with the fastest rate of growth. In all of these places, the need for functional foods is growing quickly. During the forecast period, there will be the most demand for functional foods that can be bought in stores.
Sunopta, Inc (Canada), Cargill (U.S.), Archer Daniels Midland Company (U.S.), The Hain Celestial Group Inc. (U.S.), Parrish and Heimbecker Limited (Canada), Bunge Limited (U.S.), The Scoular Company (U.S.), Associated British Foods PLC (U.K), General Mills, Inc. (U.S.)
|Market Size in 2022||US$ 16.85 Billion|
|Market Size by 2030||US$ 26.86 Billion|
|CAGR||CAGR 6.0% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Pre-Cooked Flours, Specialty Flours, Others)
• by Application (Bakery Products, Soups & Sauces, RTE Products, Others (seasoning bases, coatings & breading’s, spreads & infant formula, special diet foods, and beverages)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Sunopta, Inc (Canada), Cargill (U.S.), Archer Daniels Midland Company (U.S.), The Hain Celestial Group Inc. (U.S.), Parrish and Heimbecker Limited (Canada), Bunge Limited (U.S.), The Scoular Company (U.S.), Associated British Foods PLC (U.K), General Mills, Inc. (U.S.)|
|Drivers||•More people want high-quality food products.
•Efforts to spread the word about functional flours.
•More people are buying easy-to-make and healthy foods.
|Market Opportunities||•More people want healthier, low-fat options
Frequently Asked Questions (FAQ) :
Ans: RTE Products is projected to make a foothold in the worldwide Functional Flours market.
Ans: The base year calculated in the Functional Flours market report is 2021.
Ans: Sunopta, Inc (Canada), Cargill (U.S.), Archer Daniels Midland Company (U.S.), The Hain Celestial Group Inc. (U.S.), Parrish and Heimbecker Limited (Canada), Bunge Limited (U.S.), The Scoular Company (U.S.), Associated British Foods PLC (U.K), General Mills, Inc. (U.S.) are the key players covered in the Functional Flours market.
Ans: The global trade of functional flours is getting busier and Up-and-coming economies are the elements driving and resulting in opportunities for the Functional Flours Market.
Ans: Functional Flours Market Size is expected to grow at a CAGR of 6.0 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Functional Flours Market Segment, By Type
8.1 Pre-Cooked Flours
8.2 Specialty Flours
9. Functional Flours Market Segment, By Application
9.1 Bakery Products
9.2 Soups & Sauces
9.3 RTE Products
10. Functional Flours Market Segment, By Source:
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profile
12.1 Sunopta, Inc (Canada)
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Cargill (U.S.)
12.3 Archer Daniels Midland Company (U.S.)
12.4 The Hain Celestial Group Inc. (U.S.)
12.5 Parrish and Heimbecker Limited (Canada)
12.6 Bunge Limited (U.S.)
12.7 The Scoular Company (U.S.)
12.8 Associated British Foods PLC (U.K)
12.9 General Mills, Inc. (U.S.)
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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